By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest …
Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy
By Steve Holland, Aziz El Yaakoubi and Maha El Dahan JEDDAH, Saudi Arabia (Reuters) – U.S. President Joe Biden said on Friday he told Saudi Arabia’s Crown Prince Mohammed bin Salman he held him responsible for the murder of Washington Post journalist J…
Fed officials still leaning to 75-basis-point rate hike in July
By Howard Schneider and Lindsay Dunsmuir TAMPA, Fla. (Reuters) -Federal Reserve officials signaled Friday they will likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting, though a recent high inflation reading could stil…
UK telecoms workers to hold two-day strike over pay
LONDON (Reuters) -More than 40,000 British workers for telecoms company BT Group will hold a two-day national strike over pay on July 29 and Aug. 1, their first such action in 35 years, the Communication Workers Union (CWU) said on Friday. “The reason …
Etihad to operate Heathrow flights at full capacity in July
DUBAI (Reuters) – Abu Dhabi’s Etihad Airways on Friday said it would operate all five return daily flights to London Heathrow at full capacity until at least the end of July after the Britain’s busiest airport asked airlines to cut capacity to ease con…
European shares rebound with focus on Italian politics, ECB policy meeting
By Susan Mathew and Sruthi Shankar (Reuters) -Automakers and retail stocks on Friday led a rebound in European shares from a two-day rout that saw investors grapple with shifting expectations of U.S. interest rate hikes, a political crisis in Italy and…
Biden brings Palestinians aid but no new peace plan
By Steve Holland and Ali Sawafta BETHLEHEM, West Bank (Reuters) -U.S. President Joe Biden promised on Friday not to give up efforts to end the decades-long Israeli Palestinian conflict, though he offered no new proposals to restart the stalled politica…
Judge in Twitter v. Musk once made rare ruling: ordering a deal to close
By Tom Hals and Hyunjoo Jin (Reuters) -The judge overseeing Twitter Inc’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U….
Heatwave scorches Europe; health warnings issued
By Catarina Demony and Kylie MacLellan LEIRIA, Portugal/LONDON (Reuters) -Hundreds more people were evacuated from their homes as wildfires blistered land in France, Spain and Portugal on Friday, while officials in Europe issued health warnings for the…
Airbus loses bid to use French blocking law in Qatar row
By Tim Hepher LONDON (Reuters) -A UK judge on Friday rejected an attempt by Airbus to invoke a De Gaulle-era law restricting the way it responds to foreign courts, as a high-profile dispute with Qatar Airways became mired in a growing debate over cross…