Reuters UK/EU

Russia arrests US reporter on spy charges, White House says allegations ‘ridiculous’

(Corrects March 30 story to remove paragraph 10, which incorrectly referred to Daniil Berman as a lawyer representing Evan Gershkovich and gave his comments regarding court proceedings.) By Pavel Polityuk KYIV (Reuters) -Russia on Thursday charged an American correspondent for the Wall Street Journal with spying, in a case certain to worsen Moscow’s diplomatic feud …

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Ukraine cities pounded, US scrambles to find source of leaked documents

By Pavel Polityuk KYIV (Reuters) -Russian forces pounded frontline cities in eastern Ukraine with air strikes and artillery attacks, while U.S. officials stepped up efforts to locate the source of a leak of classified U.S. documents, including those on Ukrainian counter-offensive plans. The Russians pressed on with their offensive in the eastern Donetsk region where …

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Russia’s Wagner claims it controls most of Bakhmut; Kyiv says forces holding firm

(Reuters) -The head of Russia’s Wagner mercenary group on Tuesday said his forces controlled more than 80% of the devastated eastern Ukrainian city of Bakhmut after some of war’s heaviest and bloodiest fighting. Senior Ukrainian military officials did not address the claims directly, but said their forces were holding firm against fierce attacks in what …

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Ex-Deutsche Bank investment banker charged in US with crypto fraud

By Luc Cohen NEW YORK (Reuters) -A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling …

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Credit Suisse rescue receives initial snub from Swiss parliament

By Noele Illien and John Revill BERN (Reuters) -Switzerland’s parliament on Tuesday failed to approve the 109 billion Swiss francs ($120.5 billion) of financial guarantees used to rescue Credit Suisse last month, in a first-round vote that was largely symbolic given the state had committed the funds. The lower house retrospectively rejected the rescue near …

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UK house sales at pre-COVID levels after ‘mini-budget’ shock – Rightmove

By Suban Abdulla LONDON (Reuters) – British homes sales recovered to within a whisker of pre-pandemic levels in March, representing a recovery from September when the failed economic plan of former prime minister Liz Truss sparked turmoil across markets, a survey showed on Wednesday. Property website Rightmove said the number of sales agreed between sellers …

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World Bank chief says Western European countries need to help fund Ukraine reconstruction

By Andrea Shalal WASHINGTON (Reuters) – The World Bank is ready to do its part in rebuilding Ukraine after the devastation of Russia’s invasion, but international financial institutions cannot shoulder the sums involved alone and Western European countries will have to chip in, World Bank President David Malpass said on Tuesday. Malpass, speaking at the …

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Swiss parliament’s lower house rejects Credit Suisse rescue package

BERN (Reuters) – The lower house of Switzerland’s parliament voted late on Tuesday to retrospectively reject the 109 billion Swiss francs of financial guarantees the government gave to Credit Suisse as part of a hastily cobbled-together rescue package. At an extraordinary government session called to discuss Credit Suisse’s demise, 102 parliamentarians voted against the measure. …

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Glencore offers cash to Teck shareholders in play for deal support

By Clara Denina and Muhammed Husain LONDON (Reuters) – Glencore Plc on Tuesday modified its $22.5 billion all-share takeover bid for Teck Resources Ltd’s to include up to $8.2 billion in cash, but Teck’s board called it “largely unchanged” and analysts said it will need to rise further still. Glencore’s play for Vancouver-based Teck comes …

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