By David Lawder, Trevor Hunnicutt, Andrea Shalal and David Morgan WASHINGTON (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a …
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet Read More »
By David Shepardson and Tiyashi Datta (Reuters) -Lordstown Motors warned on Monday it might be forced to file for brankruptcy due to uncertainty over a $170 million investment deal with its major shareholder Foxconn, sending shares of the Ohio-based electric truck maker down 23%. Foxconn struck a deal in November to take a near-20% stake …
Lordstown shares dive 23% as investor Foxconn alleges agreement breach Read More »
By Jeff Mason, Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden told his counterpart Ferdinand Marcos Jr. on Monday that the U.S. commitment to the defense of its ally was “ironclad,” including in the South China Sea where Manila is under pressure from China. Marcos, on the first White House visit by a …
Amid China pressure, US and Philippines recommit to security alliance Read More »
By Scott Murdoch, Niket Nishant and Chris Prentice (Reuters) -Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil. First Republic was among regional U.S. …
Regulators seize First Republic Bank, sell assets to JPMorgan Read More »
By Clotaire Achi and Stephane Mahe PARIS (Reuters) -French police clashed with hundreds of black-clad anarchists in Paris and other cities during union-led protests against President Emmanuel Macron’s increase in the retirement age, as workers staged Labour Day rallies across Europe. Demonstrators pelted Paris police with Molotov cocktails and fireworks, torched building materials and smashed …
French police clash with black-clad anarchists during May Day rallies Read More »
By El Tayeb Siddig and Nafisa Eltahir KHARTOUM (Reuters) -The United Nations warned on Monday that the conflict in Sudan could force 800,000 people to flee the country as battles between rival military factions persisted in the capital despite a supposed ceasefire. Hundreds of people have been killed and thousands wounded over 16 days of …
Sudan conflict could prompt 800,000 people to flee, UN says Read More »
GENEVA(Reuters) – Around a quarter of jobs are set to change in the next five years, according to a survey of employers published on Monday by the World Economic Forum (WEF), the organisation known for its annual meeting in Davos, Switzerland. Some 69 million jobs will be created and 83 million eliminated by 2027, it …
Labour market ‘churn’ ahead with a quarter of jobs changing by 2027 – survey Read More »
By George Obulutsa NAIROBI (Reuters) – The bodies of several children exhumed in eastern Kenya showed signs of starvation and in some cases asphyxiation, a government pathologist said on Monday, as investigators began the first autopsies on over 100 people linked to a doomsday cult. On Monday investigators said they had completed 10 autopsies, comprising …
Initial autopsies show children starved, asphyxiated in Kenyan cult Read More »
By Marie-Louise Gumuchian LONDON (Reuters) – From tins of caviar to a celebration beer, businesses are seeking to entice royal fans with a slew of products marking the coronation of Britain’s new monarch. Mugs, plates, tea towels, magnets, cushions and teddy bears are staple memorabilia for royal occasions and an array of these to mark …
From caviar to cardboard cutouts, businesses hope for coronation boost Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose to an almost two-week high against a basket of currencies on Monday before the Federal Reserve is expected to hike interest rates by an additional 25 basis points and after data showed that U.S. manufacturing pulled off a three-year low in April. Investors will focus …
