LONDON (Reuters) – Global gold demand fell in the first three months of 2023 as large purchases by central banks and Chinese consumers were offset by reduced investor buying, the World Gold Council (WGC) said on Friday. Total demand amounted to 1,081 tonnes, down 13% from the first quarter of 2022, the WGC said in…
By Ece Toksabay and Huseyin Hayatsever ANKARA (Reuters) – Whoever wins Turkey’s elections this month, the NATO-member is expected to maintain cordial relations with Russia that have already endured several years of dramatic change in Ankara’s foreign policy. What prompted that change was Turkey’s severe economic crisis, which forced President Tayyip Erdogan to mend strained…
By Eva Mathews and Radhika Anilkumar (Reuters) – IHG Plc Chief Executive Keith Barr will step down next month after six years at the helm, the Holiday Inn-owner said on Friday, sending its shares down despite strong first-quarter results driven by a rebound in Chinese demand. The 52 year-old American plans to return to his…
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Friday he was frustrated for not yet finding a diplomatic fix over the continued detention of Julian Assange and that he remained concerned about the mental health of the WikiLeaks’ founder. “I know it’s frustrating, I share the frustration,” Albanese told ABC television from London…
BEIJING (Reuters) – China will hold a rare joint military exercise with its landlocked neighbour Laos this month as Beijing tries to bolster security ties with regional allies to counter an expanding U.S. presence in Southeast Asia. Southern Theater Command, one of the five theatre commands of the People’s Liberation Army, will send troops to…
By Tom Wilson and Angus Berwick LONDON (Reuters) – Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s economy grew faster than expected in the first quarter, as consumer and government spending offset a slowdown in exports and investment in Southeast Asia’s largest economy. Gross domestic product (GDP) expanded 5.03% in the January to March quarter from a year earlier, data from Statistics Indonesia…
By Rod Nickel and Pavel Polityuk WINNIPEG, Manitoba/KYIV (Reuters) – Ukraine’s 12-year deal to buy enough uranium from Canadian miner Cameco Corp to power all of its nuclear reactors gives each side the right to change sales volumes with two years’ notice, the Ukrainian state-owned utility Energoatom told Reuters. The unusual flexibility of the deal…
By Sarah Young and Federica Mileo LONDON/PARIS (Reuters) – British Airways-owner IAG and Air France-KLM reported bumper summer bookings as travellers pressed ahead with holiday plans despite a cost-of-living crisis, though IAG’s boss warned strikes and lack of staff could still disrupt major airports. European airlines and airports are under pressure to avoid a repeat…
By Jesús Aguado MADRID (Reuters) -Caixabank on Friday beat first-quarter net profit forecasts, helped by higher lending income, which the Spanish bank said would rise more than 30% in 2023 after raising its guidance, even as retail deposits dipped compared with December. Banks across Europe are benefiting from higher interest rates, and Caixabank’s net interest…
