By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England will soon add Megan Greene, global chief economist of risk management firm Kroll, to its panel of interest rate-setters, replacing Silvana Tenreyro whose term ends in July, Britain’s finance ministry said on Tuesday. The hiring of Greene, who spoke recently about the need …
UK hires Kroll economist Greene as Bank of England rate-setter Read More »
WASHINGTON (Reuters) – Senate Majority Leader Chuck Schumer said on Tuesday he plans to introduce a resolution rejecting former President Donald Trump’s call to defund the Justice Department and FBI. Trump, who is seeking to regain the presidency in 2024, made the plea to his fellow Republicans in Congress one day after being charged in …
Senate Majority Leader rejects Trump’s call to defund FBI, Justice Read More »
By Manoj Kumar NEW DELHI Reuters) – Japan has proposed developing an industrial hub in Bangladesh with supply chains to the landlocked northeastern states of India, and to Nepal and Bhutan beyond by developing a port and transport in the region, officials said on Tuesday. It comes after Japanese Prime Minister Fumio Kishida’s visit to …
Japan proposes industrial hub in Bangladesh with supply chains to India Read More »
By Brendan O’Brien and Jarrett Renshaw CHICAGO (Reuters) -U.S. President Joe Biden picked Chicago to host the 2024 Democratic National Convention, tapping a large liberal city in the heart of the Midwest to hold what could be his nominating party, officials said on Tuesday. Chicago beat out New York, another progressive city, as well as …
Biden’s Chicago pick for 2024 convention keeps spotlight on Midwest Read More »
ABUJA (Reuters) – Nigeria’s ruling party has asked the Appeals Court to dismiss a petition by third-placed candidate Peter Obi who is challenging the victory of president-elect Bola Tinubu following a disputed election in February, court documents showed on Tuesday. Labour Party’s Peter Obi, who came third in the election, and second-placed opposition People’s Democratic …
Nigeria’s ruling party seeks dismissal of Obi’s election challenge Read More »
By Hannah Lang (Reuters) – The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant …
IMF warns bank failures highlight ‘perilous’ financial stability risks Read More »
By Alasdair Pal and Dominique Patton SYDNEY/BEIJING (Reuters) – Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called …
Australia reaches deal with China in barley dispute as trade ties improve Read More »
PETROPAVLOVSK-KAMCHATSKY, Russia (Reuters) -One of Russia’s most active volcanoes erupted on the far eastern Kamchatka peninsula on Tuesday, shooting a vast cloud of ash far into the sky that smothered villages in drifts of grey volcanic dust and triggered an aviation warning. The Shiveluch volcano erupted just after midnight and reached a crescendo about six …
Volcano erupts in Russian far east, followed by an earthquake Read More »
By Jonathan Stempel TOKYO/NEW YORK (Reuters) -Warren Buffett’s Berkshire Hathaway Inc has increased its stakes in Japan’s five largest trading houses to 7.4%, and the billionaire investor said he may invest more in the country. Buffett, 92, said in an interview with Nikkei that he was “very proud” of the investments and would meet with …
Buffett boosts stakes in Japanese trading houses, may invest more Read More »
LONDON (Reuters) – Up to one million smokers will be encouraged to swap cigarettes for “vapes”, with pregnant women offered financial incentives to make the change in what will be a world first, the British government said on Tuesday. Under the scheme, almost one in five smokers will be given a vape – an e-cigarette …
Britain to encourage smokers to swap cigarettes for vapes Read More »
