REHOBOTH BEACH, Delaware (Reuters) -U.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation’s debt limit and avoid a catastrophic default. Speaking to reporters in Delaware, Biden said he remained optimistic about agreeing on a deal. Biden had been scheduled…
(Reuters) -Russia’s Defence Ministry said on Sunday that two of its military commanders were killed in eastern Ukraine, as Kyiv’s forces renewed efforts to break through Russian defences in the embattled city of Bakhmut. In a daily briefing, the ministry said that Commander Vyacheslav Makarov of the 4th Motorized Rifle Brigade and Deputy Commander Yevgeny…
KHARTOUM (Reuters) -Shelling and air strikes pounded parts of Sudan’s capital on Sunday with little sign that warring military factions were ready to back down in a month-long conflict that has killed hundreds despite ceasefire talks in Saudi Arabia. Khartoum and the adjoining cities of Bahri and Omdurman across the Nile’s two branches have been…
By Pavel Polityuk and Sarah Marsh KYIV/BERLIN (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Sunday Kyiv and its allies could make a Russian defeat “irreversible” as early as this year as he secured a bumper new military package on a trip to Germany. The visit formed part of a whirlwind weekend tour of several key…
By Nidal al-Mughrabi and Dan Williams GAZA/JERUSALEM (Reuters) -Life on both sides of the Gaza Strip border began returning to normal on Sunday after an Egyptian-mediated ceasefire halted five days of fighting between Israel and Islamic Jihad, which killed 34 Palestinians and an Israeli. Israel reopened its goods and commercial border crossings, allowing fuel to…
By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors. The measures include an interest rate hike by the central bank,…
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7% year-to-date….
By Jonathan Spicer ISTANBUL (Reuters) -If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that saw their prosperity, equality and ability to meet basic needs start to tumble midway through his two-decade reign. The May 14 vote, which lands during the Turkish Republic’s centenary year,…
By Ismail Shakil and Anna Mehler Paperny OTTAWA (Reuters) -Canada’s main oil-producing province of Alberta faces an upsurge in wildfire activity as western Canada swelters in hot, dry weather and blazes keep thousands from their homes. Authorities said Saturday they had already seen an increase in fire activity and were expecting more. Residents forced to…
By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) -A truce between Israel and the militant Islamic Jihad group officially came into effect late on Saturday night, with an Egyptian-mediated ceasefire agreement meant to end the worst episode of cross-border fire since a 10-day war in 2021. As fighting tapered off, streets in Gaza that had…
