Netherlands wants EU to stop Georgia visa-free travel arrangements

VALLETTA (Reuters) – The Netherlands will ask the European Union to suspend its visa-free arrangements with Georgia, the Dutch foreign minister said on Thursday, after more than 300 people were arrested in pro-EU demonstrations in the South Caucasus country. Demonstrators in Georgia have for the past week been protesting against the government’s decision to halt …

Netherlands wants EU to stop Georgia visa-free travel arrangements Read More »

Fall of government leaves France without clear path on cutting deficit -S&P

PARIS (Reuters) – The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor’s (S&P) said on Thursday. “With less than four weeks until the end of the year, and even less time remaining until the Dec. 21 deadline to pass the budget, regardless …

Fall of government leaves France without clear path on cutting deficit -S&P Read More »

Factbox-Key quotes from ECB policymakers ahead of likely rate cut on Dec 12

FRANKFURT (Reuters) – Following are quotes from ECB policymakers in the run-up to the Dec 12 policy meeting where a rate cut is almost certain and only the size is up for debate, with most seemingly supporting a 25 basis point reduction. JOACHIM NAGEL, BUNDESBANK PRESIDENT, DEC 4 “Given that the disinflation process is proceeding …

Factbox-Key quotes from ECB policymakers ahead of likely rate cut on Dec 12 Read More »

UK construction grows but house-building decline steepens, PMI shows

LONDON (Reuters) – Activity in Britain’s construction industry picked up in November but growth was lopsided, according to an industry survey that showed weaker residential house-building which is sensitive to high interest rates. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in at 55.2 last month, up from October’s 54.3. Robust …

UK construction grows but house-building decline steepens, PMI shows Read More »

Gunman wounds two kindergartners at California school, then kills self

By Daniel Trotta (Reuters) -A gunman shot and wounded two children aged 5 and 6 at a California school on Wednesday before shooting himself dead in what investigators said appeared to be an attack directed at the school’s affiliation with the Seventh-Day Adventist Church. The two wounded boys were in extremely critical condition and being …

Gunman wounds two kindergartners at California school, then kills self Read More »

South Africa’s current account deficit broadly unchanged in Q3

JOHANNESBURG (Reuters) – South Africa’s current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product (GDP), central bank data showed on Thursday. In rand terms the current account deficit narrowed to 70.8 billion rand ($3.91 billion) in July-September, from a revised 75.3 …

South Africa’s current account deficit broadly unchanged in Q3 Read More »

Exclusive-TSMC in talks with Nvidia for AI chip production in Arizona, sources say​

By Wen-Yee Lee and Fanny Potkin TAIPEI/SINGAPORE (Reuters) – Taiwan Semiconductor Manufacturing Co is in discussions with Nvidia Corp to produce its Blackwell artificial intelligence chips at the contract manufacturer’s new plant in Arizona, three sources familiar with the matter said.  TSMC is already making preparations to start production early next year, the sources said. …

Exclusive-TSMC in talks with Nvidia for AI chip production in Arizona, sources say​ Read More »