By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to …
Biden, McCarthy aim to break US debt-ceiling standoff as default crisis looms Read More »
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden on Monday said his administration is writing new rules that will require airlines to compensate passengers with cash for significant flight delays or cancellations when the carriers are responsible. “Our top priority has been to get American air travelers a better deal,” Biden …
Biden wants airlines to pay passengers in U.S. for lengthy delays Read More »
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy. Treasury yields rose on increased …
Shares rise, dollar flat ahead of key U.S. inflation data Read More »
(Reuters) – Russia launched its biggest swarm of drones for months against Ukraine on the eve of Russia’s May 9 holiday celebrating the defeat of Nazi Germany in 1945, striking the capital Kyiv, the Black Sea city of Odesa and shelling other cities. CONFLICT * In a new break with Moscow, Ukraine marked the anniversary …
Russia’s war on Ukraine latest: Wave of attacks on cities before Victory Day holiday Read More »
By Gleb Garanich and Valentyn Ogirenko KYIV (Reuters) -Russia launched its biggest swarm of drones for months against Ukraine on Monday, the eve of Russia’s May 9 holiday celebrating the defeat of Nazi Germany in 1945, striking the capital Kyiv and the Black Sea city of Odesa and shelling other cities. Kyiv’s mayor said Russia …
Russia attacks Ukrainian cities with drones and missiles Read More »
HANOI (Reuters) – Vietnam is preparing to make it mandatory for social media users of both local and foreign platforms to verify their identity in a bid to rein in online scams, state media reported on Monday. The measure, part of the Telecommunications Law Amendment to be issued by the end of this year, will …
Vietnam to require social media users to verify identity Read More »
By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed …
EU draft Data Act puts trade secrets at risk, Siemens, SAP say Read More »
By Patricia Zengerle WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee threatened Secretary of State Antony Blinken with contempt of Congress if he does not comply with a subpoena seeking a classified cable related to the August 2021 U.S. withdrawal from Afghanistan. In a letter to Blinken dated Friday …
Blinken threatened with contempt of US Congress over Afghanistan cable Read More »
KHARTOUM (Reuters) -Sudanese are pinning their hopes on talks in Saudi Arabia between envoys of warring factions to end bloodshed that has killed hundreds and triggered a mass exodus, but there is no sign lasting relief will come anytime soon. There has been no word on the progress of the talks which began on Saturday …
Sudanese pin hopes on Jeddah talks between warring factions Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude settled up $1.71, or 2.3%, at $77.01. U.S. West Texas Intermediate (WTI) crude also gained $1.82, or 2.6%, to $73.16. A healthy U.S. …
Oil climbs over 2% as recession fears begin to fade Read More »
