World News

Israelis protest Netanyahu's annexation plan

TEL AVIV, Israel (Reuters) – Thousands of Israelis demonstrated on Saturday against Prime Minister Benjamin Netanyahu’s plan to extend sovereignty over parts of the occupied West Bank, de-facto annexation of land that the Palestinians seek for a state. Protesting in face masks and keeping their distance from each other under new coronavirus restrictions, the demonstrators […]

World News

Turks stream out for first lockdown-free weekend in nearly two months

ISTANBUL (Reuters) – Turks streamed outside on Saturday for their first weekend without a coronavirus lockdown in nearly two months, the day after President Tayyip Erdogan suddenly scrapped a stay-at-home order. Cafes, restaurants and other facilities had reopened on Monday as infection rates slowed and restrictions on intercity travel had been lifted as the infection […]

World News

Warsaw hopes some U.S. troops based in Germany will be moved to Poland

WARSAW (Reuters) – Polish Prime Minister Mateusz Morawiecki said on Saturday he hoped that some of the U.S. troops that are set to be removed from Germany will be reassigned to Poland. U.S. President Donald Trump has ordered the Pentagon to cut the number of U.S. troops stationed in Germany, a senior U.S. official said […]

Business

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

NEW YORK (Reuters) – Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March. Investors will get a chance next week to see whether the U.S. Federal Reserve agrees […]

World News

China reports three new COVID-19 cases, two asymptomatic cases

(Reuters) – China recorded three new confirmed cases of the novel coronavirus as of the end of Friday, down from five the day before, the national health authority reported. All of the cases were imported, involving travellers arriving from abroad, the National Health Commission (NHC) said on its website. The NHC also confirmed two new […]

Politics

Fed's Powell scheduled for congressional appearances June 16-17

(Reuters) – Federal Reserve Chair Jerome Powell will testify before the U.S. Congress on June 16 and 17 in hearings on the central bank’s semi-annual monetary policy report. By statute, the Fed delivers the report providing an overview of the economy twice a year, usually in February and again in June or July, and the […]

Business

Trump touts job gains as 'greatest comeback in American history'

WASHINGTON (Reuters) – President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost jobs by next year. “Today is probably, if you think of it, […]

Business

Global stocks and euro gain ahead of U.S. jobs data

LONDON/SYDNEY (Reuters) – World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus boost and on hopes of a global economic rebound. Investors are pricing in an economic recovery despite data showing the severe damage wrought by coronavirus lockdowns. Later in […]

Business

Australia shakes up foreign investment laws for national security

SYDNEY (Reuters) – Australia announced the biggest shakeup of its foreign investment rules in almost half a century on Friday, including additional powers to force the divestment of a business if it creates a national security risk. Citing the need to balance economic and national security, Treasurer Josh Frydenberg said all foreign investors will face […]

World News

Brazil's official coronavirus death toll passes Italy

RIO DE JANEIRO (Reuters) – Brazil’s total COVID-19 death toll blew past that of Italy on Thursday, as the Health Ministry reported 1,437 deaths in the last 24 hours and 30,925 additional coronavirus cases. The Latin American nation has now reported 34,021 deaths from the coronavirus, trailing only the United States and the United Kingdom. […]