By Nidal al-Mughrabi GAZA (Reuters) – The World Food Programme (WFP) will suspend food aid to over 200,000 Palestinians from next month due to a “severe” shortage of funds, the group’s senior official for the Palestinian territories said on Sunday. “In light of the severe funding shortages, WFP is forced to make painful choices to…
By Tyler Clifford and John Kruzel WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a “constitutional crisis” that also would call into question the federal government’s creditworthiness. Yellen sounded the alarm over possible financial market consequences if…
By Choonsik Yoo, Hyonhee Shin and Sakura Murakami SEOUL/TOKYO (Reuters) -Japan’s Prime Minister Fumio Kishida told South Koreans on Sunday his “heart hurts” when he thinks of suffering and pain during Japanese colonial rule, in a nod to historical disputes that have soured relations between the two U.S. allies. Kishida was in Seoul for the…
By Saeed Azhar, David French and Tatiana Bautzer NEW YORK (Reuters) -The government-brokered purchases of First Republic, Signature and Silicon Valley banks have created a vicious cycle in which troubled lenders need to fail — and get government assistance — before buyers will step up, industry sources say. The latest case in point: The Federal…
(Corrects spelling of Westminster Abbey in dateline) By Rachel Armstrong WESTMINSTER ABBEY, London (Reuters) – The explosive crescendo of “Zadok the Priest”, Handel’s soaring anthem composed nearly 300 years ago for the crowning of King George III, marked the most sacred moment of Charles’ coronation on Saturday. Inside Westminster Abbey, where kings and queens have…
(Reuters) – Mage won the 149th running of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday to capture the first leg of U.S. thoroughbred racing’s Triple Crown. Mage, who finished second in the Florida Derby last month, finished the 1-1/4-mile race in two minutes and 1.57 seconds. The chestnut colt, who went…
By Jonathan Stempel, Carolina Mandl and John McCrank OMAHA/NEW YORK (Reuters) – Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring “turmoil” to the financial system, even as he offered a vote of confidence in the United States and his conglomerate Berkshire…
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion,…
By Andrew MacAskill LONDON (Reuters) -Police arrested the leader of anti-monarchy group Republic and 51 others at King Charles’s coronation on Saturday, saying their duty to prevent disruption outweighed the right to protest. Hundreds of yellow-clad demonstrators gathered among the 10-deep crowds lining the procession route in central London to stand out from those clad…
By Jonathan Stempel and Carolina Mandl OMAHA, Nebraska (Reuters) – Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire’s annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated…
