By Huseyin Hayatsever and Michelle Nichols ANKARA/UNITED NATIONS (Reuters) -The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as “good news for the world,” a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports. Turkish President Tayyip…
ZURICH (Reuters) – Credit Suisse’s collapse and its takeover by UBS will be investigated by a parliamentary commission (PUK), the office of Switzerland’s upper house of parliament said on Wednesday. The move comes after two sub-committees supported a deeper investigation into how the government, Swiss central bank and financial market regulator acted in the run…
By Lucia Mutikani WASHINGTON (Reuters) – Permits for future U.S. single-family homebuilding jumped to a seven-month high in April, giving the struggling housing market a boost, but tightening credit conditions could make it difficult for builders to get finance for new projects. The third straight monthly increase in single-family building permits, which was reported by…
By Jonathan Stempel (Reuters) – A New Jersey county on Wednesday agreed to a consent decree with the U.S. government to improve treatment of inmates with mental health and substance abuse problems at a local jail, following suicides of six inmates who had been using opioids. The decree resolves Department of Justice claims that Cumberland…
By Sruthi Shankar and Ankika Biswas (Reuters) -European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default weighed on sentiment, along with a slew of downbeat corporate updates. The continent-wide STOXX 600 eased 0.2%, with defensive sectors such as food and beverage, utilities and real estate firms leading…
By Sakura Murakami HIROSHIMA, Japan (Reuters) – The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he’s more sceptical. As leaders of the Group of Seven (G7) nations gather in the Japanese city this week for a summit,…
By Sarah N. Lynch and Laura Sanicola WASHINGTON (Reuters) – A subsidiary of BP plc will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice Department said on Wednesday….
By Miranda Murray CANNES (Reuters) – Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year’s Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. While buyers are being cautious about purchasing volumes amid…
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund a 2 billion euro ($2.2 billion) green steel production site, warning in a letter to Economy Minister Robert Habeck that a further subsidy cut could choke off the project. Reducing support further would trigger a…
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and China’s crackdown on video games a year earlier. The world’s largest video game company and operator of the WeChat messaging platform on Wednesday posted an 11% rise in…
