BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be exposed in the banking sector, only hours after First Republic Bank was rescued by JPMorgan Chase . Speaking at the 2023 Milken Institute Global Conference in Beverly Hills, California, Georgieva immediately addressed the biggest topic…
JERUSALEM (Reuters) – Israeli parties have made no progress towards a compromise over the government’s bitterly disputed judicial overhaul package after a month of meetings, Benny Gantz, head of one of the largest opposition parties, said on Monday. The planned overhaul, which would give the government control over naming judges to the Supreme Court and…
By Ananya Mariam Rajesh and Anne Florentyna Gnanaraja Sekar (Reuters) -Norwegian Cruise Line Holdings Ltd raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers, sending shares of the company up 6%. Easing of COVID-19 protocols on ships after…
By Lucia Mutikani WASHINGTON(Reuters) – U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession this year. Despite the weakness in factory activity and demand for goods reported by…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) on Monday said it had activated 169 more direct routes along the U.S. East Coast ahead of the busy summer travel season. The direct routes will shave off 40,000 miles and 6,000 minutes of travel time annually, the FAA said. The new routes operate largely…
By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -Italy’s right-wing government on Monday approved measures to boost job creation and workers’ pay, amid hostile reactions from unions and opposition parties over accompanying welfare cuts and looser rules on short-term job contracts. Prime Minister Giorgia Meloni made it easier for firms to offer job contracts lasting…
(Reuters) – Russia unleashed a fresh volley of missiles on Ukraine overnight, causing huge blazes in an eastern city, damaging dozens of homes and wounding at least 34 people. Other cities appeared relatively unscathed, with Ukraine saying it destroyed 15 out of 18 missiles. FIGHTING * A Ukrainian general said Russian troops had been pushed…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion, people…
By Khushi Mandowara and Leroy Leo (Reuters) – Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fatigued, according to a survey. The survey of over 18,000 nurses, conducted by AMN Healthcare Services Inc in January, showed on Monday that 30%…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken met the foreign ministers of Armenia and Azerbaijan in Washington on Monday as part of efforts to ease friction between the South Caucasus rivals. Tensions have flared anew after Azerbaijan installed a road checkpoint at the start of the Lachin Corridor, the only route linking Armenia to…
