By Sinéad Carew New York (Reuters) – Wall Street equity indexes closed higher on Monday as some investors bet that August data would show easing U.S. inflation while others were encouraged by news that Ukraine had made progress against Russia in a war …
Many retreating Russian troops near Kharkiv have exited Ukraine -U.S. official
WASHINGTON (Reuters) – The United States assesses that Russia has largely ceded its gains near Kharkiv and many retreating Russian soldiers have exited Ukraine, moving over the border back into Russia, a senior U.S. military official said on Monday. “O…
Pentagon needs an extra $42 billion due to soaring inflation -industry group
By Abhijith Ganapavaram and Mike Stone (Reuters) – The U.S. Department of Defense will need an extra $42 billion in the next fiscal year to make up for a shortfall in how much it can buy as rising prices eat in to its procurement budget, a defense indu…
Mexican president previews Ukraine peace plan after criticizing U.N
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Monday said his government would present a plan to the United Nations to end Russia’s war in Ukraine, moments after criticizing the world body and calling for it to be reformed. L…
EU wants to assess media mergers for media pluralism, editorial independence
By Foo Yun Chee BRUSSELS (Reuters) – The European Union wants to enact tougher rules for media groups seeking to acquire smaller rivals on whether their deals ensure media pluralism and safeguard editorial independence, according to draft EU rules seen…
No delay for Trump Organization criminal tax fraud trial
By Karen Freifeld NEW YORK (Reuters) – The New York judge overseeing a tax fraud case against the Trump Organization on Monday rejected any effort to delay next month’s trial, acknowledging concern that former President Donald Trump’s company might be …
Trump lawyers oppose Justice Department request on classified documents
By Sarah N. Lynch WASHINGTON (Reuters) – Former President Donald Trump’s attorneys on Monday opposed a U.S. Justice Department request to immediately resume examining the contents of classified documents seized by the FBI from his Florida estate last m…
Wall Street posts fourth straight day of gains ahead of CPI report
By Stephen Culp NEW YORK (Reuters) – Wall Street extended its winning streak on Monday, rallying to a sharply higher close as investors awaited crucial inflation data that could provide clues about the duration and severity of the Federal Reserve’s tig…
Explainer-The Zaporizhzhia nuclear power plant’s shutdown
By Francois Murphy VIENNA (Reuters) -The last operating reactor at the Russian-held Zaporizhzhia nuclear power plant in Ukraine has been put into what is known as a cold shutdown after an external power line was restored, making it possible to shut it …
Troubled South African tailings dam had history of high water levels
By Nelson Banya (Reuters) – South African authorities shut down the Jagersfontein diamond tailings dam in 2020 due to high water levels before allowing it to reopen last year, a company official said on Monday, a day after the dam burst, killing at lea…