By Richard Cowan WASHINGTON (Reuters) – A fresh push for a bipartisan immigration overhaul, coupled with enhanced border security, is emerging in the U.S. Congress, as thousands of migrants amass across the border in Mexico ahead of the end of COVID-era border restrictions next week. The latest among those efforts is a last-minute legislative push …
U.S. Congress gears up for immigration overhaul as Title 42 ends Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a day after the Federal Reserve hiked rates by 25 basis points and indicated that it may pause further increases. The ECB’s 25-basis-point increase was the smallest since it …
By Laura Sanicola (Reuters) – Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in major consuming countries. Brent futures settled up 17 cents, or 0.24%, to $72.50 a …
Oil settles narrowly mixed after smaller ECB hike; demand concerns linger Read More »
By Andy Sullivan and Moira Warburton WASHINGTON (Reuters) – A Republican plan to cut federal spending in exchange for lifting the U.S. government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist told a Senate committee on Thursday. Mark Zandi told the Senate Budget …
Republican debt-limit plan would cut US jobs, slow growth, economist tells Senate panel Read More »
NAIROBI (Reuters) -A Kenyan cult leader accused of ordering his followers to starve themselves to death will be detained by police until a hearing on Friday, a court ruled on Tuesday as investigators searched for more bodies in a forest where 101 corpses have already been unearthed. Kenyan authorities say the dead were members of …
Kenyan cult leader to remain in prison after more than 100 followers die Read More »
By Seher Dareen (Reuters) – Gold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce by 1:40 p.m. EDT (1740 GMT) …
Gold flirts with all-time highs as banking concerns deepen Read More »
JOHANNESBURG (Reuters) -South African stocks fell on Thursday as worries about the banking sector rippled around the globe, while the rand gave up gains from earlier in the day which had come after the Federal Reserve had suggested it may stop hiking rates. The banking sector dampened the local market, sliding almost 3.2%. Shares on …
South African stocks fall after Fed signals pause, rand slips Read More »
WASHINGTON (Reuters) -U.S. President Joe Biden paved the way for new Sudan-related sanctions on Thursday, calling the country’s raging power struggle a “betrayal” of its citizens. Biden signed an executive order laying groundwork for potential sanctions as his intelligence chief warned that the conflict between Sudan’s military and the paramilitary Rapid Support Forces (RSF) is …
Biden paves way for new U.S. sanctions tied to Sudan violence Read More »
By Tanvi Mehta NEW DELHI (Reuters) -Dozens of pilots, many from crisis-hit Go First, flocked to a Tata group hotel near Delhi on Thursday for walk-in interviews with the conglomerate’s Air India airline. Go First’s announcement on Tuesday that it had filed for bankruptcy as demand for post-pandemic air travel in the world’s most populous …
Disheartened Go First pilots rush to Air India’s jobs drive Read More »
By Michael Holden LONDON (Reuters) -King Charles will be crowned at Westminster Abbey in a ceremony full of pomp, pageantry and solemn religious significance on Saturday, after he became monarch of the United Kingdom and 14 other realms on the death of his mother Queen Elizabeth in September. Why is he crowned, what does it …
What to expect from King Charles’ coronation on May 6 Read More »
