By David Morgan WASHINGTON (Reuters) – Kevin McCarthy earned his stripes as Republican speaker of the U.S. House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. Six months after he endured 15 humiliating floor votes just…
By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…
(Reuters) – A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers, Labour Minister Seamus O’Regan said on Tuesday. About 7,500 port workers have been on strike since July 1 to press for higher wages, disrupting operations at the key ports of Vancouver and Prince…
By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale’s strategy to unlock more value from its nickel and copper assets,…
PARIS (Reuters) – More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly…
(Reuters) – Armenia and Azerbaijan hurled fresh accusations at each other two days before new talks aimed at clinching a peace accord to resolve decades of disputes over the territory of Nagorno-Karabakh. The ex-Soviet states have fought two wars over the region, recognised as part of Azerbaijan but populated mainly by ethnic Armenians. Azerbaijan recaptured…
By Francesco Guarascio, Jan Strupczewski and John Chalmers BRUSSELS (Reuters) – The European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that will hit additional Russian oligarchs and politicians and three Belarusian banks, three sources told Reuters on Tuesday. The draft sanctions were adopted by the…
By Andrea Shalal and Steve Holland WASHINGTON (Reuters) – NATO Secretary General Jens Stoltenberg on Tuesday said Ukraine is making progress in its counteroffensive against Russian invaders and predicted NATO leaders will increase military assistance to Kyiv when they meet next month. Stoltenberg made the comments as he met in the Oval Office with President…
A look at the day ahead in European and global markets from Brigid Riley Markets have a full plate on Wednesday, taking in China’s disappointing inflation data while awaiting tomorrow’s U.S. CPI report, and processing a surprise banking windfall tax announcement from Italy. The banking sector in Europe is still reeling after Italy unexpectedly approved…
By Jonathan Saul LONDON (Reuters) – The pace of shipments from Ukraine under a U.N.-backed initiative has slowed as concerns grow over ships getting stuck if a deal is not renewed later this month, according to sources and data. Russia, which is one of the key parties involved, said it will keep talking although Moscow…
