By Pete Schroeder WASHINGTON (Reuters) – Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors. The central bank on …
Explainer-What’s new with the Fed’s bank stress tests in 2022
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday. Under the “stress test” exercise established following the 2007-2009 financial crisis, the Fed tests banks’ balance…
From heart-throb to the hot seat: Lapid to become Israeli PM
By Dan Williams JERUSALEM (Reuters) – As a TV star, Yair Lapid’s weekly commentary was entitled “Being Israeli” – a rhapsody about the middle-class, politically centrist ranks that he saw holding together a fractious country, with him as their tribune….
Lapid to become new prime minister as Israel heads to election
By Ari Rabinovitch JERUSALEM (Reuters) -Israeli lawmakers will vote next week to dissolve parliament, opening the way for the country’s fifth election in three years, after Prime Minister Naftali Bennett could not contain the rising pressure on his fra…
Biden says decision on pause on federal gasoline tax could come by end of week
By Nandita Bose and Kanishka Singh REHOBOTH BEACH, Del. (Reuters) -U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States struggles to tackle soaring g…
Biden says he is proud of Apple workers who voted to join a union
By Nandita Bose and Kanishka Singh REHOBOTH BEACH, Del. (Reuters) -U.S. President Joe Biden said he was “proud” of Apple Inc workers in Maryland who voted on Saturday to join a union, becoming the first retail employees of the tech giant to unionize in…
Biden says not likely to go to Ukraine in coming Europe trip
REHOBOTH BEACH, Delaware (Reuters) – U.S. President Joe Biden said on Monday he is not likely to visit Ukraine when he travels to Europe later this month for summits with Washington’s allies. Speaking to reporters, Biden also said he believes it is ver…
In Meaux, disillusionment drove voters towards France’s resurgent far right
By Layli Foroudi PARIS (Reuters) – Care worker Sandrine Marchal began voting for the far-right several years ago, frustrated by the constant struggle to make ends meet. On Sunday, her home town of Meaux, a conservative stronghold east of Paris, made th…
Europe may shift back to coal as Russia turns down gas flows
By Vera Eckert and Francesca Landini FRANKFURT/MILAN (Reuters) – Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in…
A Somali boy’s mission to find food as climate change takes its toll
By Katharine Houreld DOLLOW, Somalia (Reuters) -Each morning in this Somali border town, 11-year-old Bashir Nur Salat plots his day’s mission behind a crooked wire fence. Armed with only a friend’s yellow school shirt, a borrowed book and toothy grin, …