Facing calls to resign, World Bank’s Malpass changes answer on climate crisis

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – Under pressure to resign for declining to say whether he accepts the scientific consensus on global warming, World Bank President David Malpass said on Thursday it was clear greenhouse emissions are causing climate change and defended his record as bank chief … Read more

Once-bitten markets are ignoring Putin’s warnings again at their own peril

Russian President Vladimir Putin delivers a speech during an event marking the 100th foundation anniversary of the republics of Adygea, Kabardino-Balkaria and Karachay-Cherkessia in Moscow, Russia, September 20, 2022. Sputnik/Grigory Sysoev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Earlier this year, markets were complacent as Russia … Read more

Hungary extends energy and food price caps amid soaring inflation

A driver fills a car at an Envi petrol station in Budakalasz, Hungary, June 13, 2022. Picture taken June 13, 2022. REUTERS/Bernadett Szabo Register now for FREE unlimited access to Reuters.com Register BUDAPEST, Sept 17 (Reuters) – Hungary has extended price caps on fuels and basic foodstuff by three months until the end of the … Read more

Bank holdups snowball in Lebanon as depositors demand their own money

Register now for FREE unlimited access to Reuters.com Register Five more depositors hold up banks to access their money Depositors cash out $60,000, only some in custody Banks announced three-day closure on security concerns Frustration over frozen savings, spiraling crisis BEIRUT, Sept 16 (Reuters) – Five Lebanese banks were held up by depositors seeking access … Read more

Russian billionaire sues French customs for seizing his yachts

Alexey Kuzmichev, chairman of Russian investment company A1 advisory committee, attends a news conference in Moscow April 3, 2013. REUTERS/Sergei Karpukhin/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, Sept 15 (Reuters) – A Russian billionaire is suing French authorities in an effort to win back access to two of his … Read more

Traffic, water shortages, now floods: the slow death of India’s tech hub?

Much of Bengaluru submerged in recent flooding Residents forced to wade through waist-deep water Disruptions raise questions about city’s future as tech hub Authorities vow to act, but extreme weather may complicate plans BENGALURU, Sept 15 (Reuters) – Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, … Read more

Fed to stay focused on inflation, markets will be volatile – UBS Global Wealth

The Federal Reserve building is pictured in Washington, DC, US, August 22, 2018. REUTERS/Chris Wattie//File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 29 (Reuters) – The US Federal Reserve will not back away from “talking tough” on the markets until there is significant progress on inflation, which will perpetuate volatility … Read more

Fed’s Mester: no ‘lean’ on size of Sept rate hike, depends on inflation

Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland, looks on at Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, US, August 26, 2022. REUTERS/ Jim Urquhart Register now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., … Read more

EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources

SINGAPORE/HOUSTON, Aug 26 (Reuters) – China has entrusted a defense-focussed state firm to ship millions of barrels of Venezuelan oil despite US sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil in … Read more

Sept. 11 victims not entitled to seize Afghan central bank assets -US judge

People pay respect for the victims at a memorial while the Tribute in Light art installation and the One World Trade Center are seen in the background on the 20th anniversary of the September 11, 2001 attacks in New York City, as it is seen from Exchange Place , New Jersey, US, September 11, 2021. … Read more