After Trump sanctions threat, Kremlin says Russia and US working on Ukraine peace moves
MOSCOW – The Kremlin said on Monday, after U.S. President Donald Trump said he was “pissed off” with Vladimir Putin, that the United States and Russia were working on ideas around a possible peace settlement in Ukraine and on building…
Greenland strengthens Danish ties as it eyes independence
NUUK, Greenland – Greenland will strengthen its ties with Denmark until it can become a sovereign nation, the Arctic island’s incoming prime minister told Reuters on Monday, noting that the semi-autonomous Danish territory ultimately wants to become independent. Jens-Frederik Nielsen,…
Wall Street closes out bruising quarter as outlook remains murky
NEW YORK -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The…
IMF’s Georgieva says initial signs from US on digital deregulation are encouraging
WASHINGTON – Initial signs from the Trump administration on its plans to deregulate digital assets are “quite encouraging,” International Monetary Fund Managing Director Kristalina Georgieva said in a Reuters NEXT Newsmaker interview on Monday. “There has been some overdose regulation…
Argentina’s January-February mining exports hit 10-year record
BUENOS AIRES – Argentina’s mining exports reached a historic high in January and February this year, outdoing the prior record from the same period a decade ago by 13%, the mining ministry reported on Monday. The first two months of…
US regulator OCC withdraws guidance to banks for climate-related financial risk
WASHINGTON -The U.S. Treasury Department’s Office of the Comptroller of the Currency withdrew principles providing guidance to banks for climate-related financial risk, the financial regulator said on Monday. Since taking office on January 20, President Donald Trump has announced withdrawal…
Fed officials cautious on rates amid tariff-related inflation risks
NEW YORK – New York Federal Reserve President John Williams said on Monday that monetary policy is “well positioned” for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up….
Colombia’s central bank holds interest rate at 9.50%, surprising a majority of the market
BOGOTA – Colombia’s central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. The decision was backed by a…
UK, French and Ukrainian military leadership to meet in coming days, UK says
LONDON – British, French and Ukrainian military leaders will meet in the coming days to discuss the next steps to ensure Ukraine’s security for the long term, a spokesperson for British Prime Minister Keir Starmer said on Monday. “A meeting…
France’s Le Pen: I’m out of the running for the 2027 race, but will fight on
PARIS – French far-right leader Marine Le Pen said on Monday that a court’s decision to bar her from office for misuse of European funds ruled her out of the 2027 presidential election, adding she had no confidence in an…
US embassies globally tell suppliers to comply with Trump ban on diversity policies
MADRID – The Trump administration has warned local suppliers to U.S. embassies and consulates as well as recipients of U.S. grants worldwide that they must comply with its ban on Diversity, Equity and Inclusion (DEI) programmes or risk losing payments….
US FAA closes one of two SpaceX Starship probes as rocket remains grounded
WASHINGTON – The U.S. Federal Aviation Administration on Monday said it closed out a review into SpaceX’s explosive Starship test flight in January, while another investigation into the rocket’s subsequent testing explosion in March remains open. SpaceX’s last two test…
Hyundai warns US dealers of possible price hikes amid 25% tariffs
DETROIT – Hyundai warns US dealers of possible price hikes amid 25% tariffs South Korean automaker Hyundai warned U.S. dealers it is evaluating its pricing strategy in the face of forthcoming 25% tariffs on imported vehicles and parts announced by…
Kremlin says US companies have shown initial interest in Russian rare earth projects
MOSCOW – The Kremlin said on Monday that some Americans companies had shown interest in joint rare earth metals projects in Russia, but cautioned that such discussions were still at an early stage. Striking a potential agreement on minerals extraction…
US agency leading Musk’s firing spree to hire new driver, emails show
WASHINGTON – The federal human-resources agency leading efforts by billionaire White House adviser Elon Musk to slash the federal workforce has decided to hire its first new career employee since President Donald Trump took office, according to emails seen by…
Apple hit with $162 million French antitrust fine over privacy tool
PARIS -Apple was hit with a 150 million euro ($162.4 million) fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices via a privacy control tool. The fine – the first…
Finland’s president says he has heard no serious US talk about NATO withdrawal
COPENHAGEN – Finland’s President Alexander Stubb said on Monday that he had not yet heard from anyone serious in the United States administration that the U.S. would withdraw from NATO. His remarks came shortly after Stubb on Saturday had made…
Germany’s VDMA engineering group sees weak recovery this year
BERLIN – Germany’s plant and equipment makers face a 2% decline in production in real terms this year as geopolitical disputes, U.S. trade tariffs and general uncertainty cloud prospects for a strong recovery, the VDMA association said on Monday. Reiterating…
ECB’s Panetta: U.S. trade policy calls for ECB caution in cutting rates
ROME – High uncertainty, mainly due to U.S. trade policy announcements, means the European Central Bank needs to be cautious in reducing its interest rates, governing council member Fabio Panetta said on Monday. The ECB has cut interest rates six…
Rescuers in Lithuania recover missing U.S. soldiers’ vehicle from peat bog
STOCKHOLM – Lithuania said on Monday rescuers have recovered the armoured vehicle of four missing U.S. soldiers that last week sunk in a peat bog in a military training area in the Baltic country, not mentioning the soldiers. The defence…
UK’s Primark boss Paul Marchant resigns after ‘error of judgement’
LONDON -Associated British Foods said the boss of its Primark clothing business, Paul Marchant, had resigned with immediate effect following an allegation made by an individual about his behaviour towards her in a social environment. Primark, the successful fast fashion…
European shares slide as Trump touts sweeping tariffs
European shares fell on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown. The pan-European STOXX 600 index fell 1.2%, as of 0709…
French antitrust regulator fines Apple 150 million euros over privacy tool
PARIS – Apple was hit with a 150 million euro ($162.42 million)fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices between 2021 and 2023 thanks to a privacy control tool….
UK’s Virgin Atlantic returns to profit for first time since pandemic
LONDON – Virgin Atlantic, the British airline majority owned by Richard Branson, said it returned to profitability for the first time since the pandemic last year. For 2024, Virgin Atlantic, which is 49%-owned by Delta Air Lines, posted pretax profit…
Trump plans executive order targeting ticket scalping, according to document
WASHINGTON – President Donald Trump on Monday planned to sign an executive order aimed at protecting fans from “exploitative ticket scalping” and reforming the U.S. live entertainment ticketing industry, according to a White House fact sheet seen by Reuters. The…
German retail sales rise but import prices cloud outlook
German retail sales in February exceeded expectations but a rise in import prices indicated a looming inflation surge, potentially dampening consumer spending, according to data published on Monday. Retail sales rose by 0.8% compared with the previous month, data showed…
Growing wildfire in eastern California prompts evacuations, Cal Fire says
A rapidly growing wildfire in California’s Eastern Sierra region burned through 1,000 acres and forced evacuations in multiple counties, the California Department of Forestry and Fire Protection (Cal Fire) said on Sunday. The Silver Fire, which ignited around 2:11 p.m….
Factbox-Airlines that have updated their lithium battery policies
SEOUL -Several airlines have updated their guidance on carrying lithium batteries onboard. The batteries are in devices such as cellphones and e-cigarettes, and can malfunction to produce smoke, fire or extreme heat. In 2024, three incidents of overheating lithium batteries…
Chinese brain chip project speeds up human trials after first success
BEIJING -A tie-up between a Chinese research institute and tech company said on Monday that it aims to implant its brain chip into 13 people by the end of this year, in a move that could see it overtake Elon…
How Trump family took over World Liberty Financial as it raised hundreds of millions
LONDON/NEW YORK – As World Liberty Financial raised more than half a billion dollars, President Donald Trump’s family took control of the crypto venture and grabbed the lion’s share of those funds, aided by governance terms that industry experts say…