LONDON (Reuters) – The European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland agreed as part of the Brexit deal, the bloc’s ambassador to London said on Thursday. Britain is lining up a new law that would…
Wall Street ends lower as Cisco and Apple sink
By Devik Jain and Noel Randewich (Reuters) – Wall Street ended lower after a volatile session on Thursday, with Cisco Systems slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates. Shares of Cisco slu…
Wall St bounces off lows late as growth fears persist, safe-havens gain
By Herbert Lash NEW YORK (Reuters) – U.S. shares were mixed late on Thursday as bargain hunters emerged in late trading after investors dumped stocks on fears of sluggish growth and bought safe-haven assets such as government debt and the Swiss franc. …
North Korea weapons threat casts shadow on Biden visit
WASHINGTON(Reuters) – Any major North Korea weapons test over the next five days could overshadow U.S. President Joe Biden’s broader trip focus on bolstering Asian allies against China, analysts say. Despite the Biden administration’s vow to break a st…
More work to resume in Shanghai’s zero-COVID areas from June
SHANGHAI (Reuters) -The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations from the beginning of June, a deputy mayor said on Thursday as the city looks forward to the end of lockd…
Biden backs NATO expansion, G7 to send billions to Ukraine
By Natalia Zinets and Jonathan Landay KYIV/SLATYNE, Ukraine (Reuters) – U.S. President Joe Biden on Thursday threw his full support behind Sweden and Finland’s bids to join NATO as he and European leaders said they were confident Turkey’s surprise oppo…
Biden invokes Defense Production Act to increase infant formula supply
WASHINGTON (Reuters) -President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House…
Tesla’s Musk says he ‘can no longer support’ Democrats, ‘will vote Republican’
SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk said on Wednesday that while he voted for Democrats in the past, he will now vote for Republicans. “In the past I voted Democrat, because they were (mostly) the kindness party. But they have become the p…
Yellen: Not legal for U.S. to seize Russian official assets
By David Lawder BONN, Germany (Reuters) -The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over wa…
Russia uses new generation of laser weapons in Ukraine
By Guy Faulconbridge LONDON (Reuters) -Russia on Wednesday said it was using a new generation of powerful laser weapons in Ukraine to burn up drones, deploying some of Moscow’s secret weapons to counter a flood of Western arms supplied to its former So…