Italy election set to crown Meloni head of most right-wing govt since WW2

Italy votes for new, slimmed-down parliament on Sept. 25 Nationalist Giorgia Meloni predicted to top the polls Pollsters say last-minute surprise not impossible Economic, diplomatic problems await next prime minister ROME, Sept 22 (Reuters) – Italy’s parliamentary election on Sunday could make history, giving the country its first female prime minister at the head of … Read more

Central banks raise rates again as Fed drives global inflation fight

Rates raised from Britain to Indonesia after Fed moved Investors price in bigger hikes from ECB Japan steps in as yen plummets Emerging market currencies under pressure FRANKFURT/WASHINGTON, Sept 22 (Reuters) – Global central banks continued raising interest rates on Thursday, following the US Federal Reserve in a fight against inflation that is sending shockwaves … Read more

How Italy’s Draghi government collapsed

The government of Mario Draghi came to an end earlier than what many analysts expected. Anadolu Agency | Anadolu Agency | Getty Images Mario Draghi is best known for saving the euro. But a coveted rescue of the Italian economy ended prematurely when internal politics came to the fore last month, making it harder and … Read more

Who is Viktor Bout, arms dealer linked to swap for Americans held by Moscow?

Bout dubbed ‘the merchant of death’ and ‘sanctions buster’ Was among the most wanted men in the world before the 2008 arrest Clients included rogue states, warlords in Asia, Africa Likely had ties to Russian intelligence, experts say Moscow has long sought his release from a long US jail term LONDON, Aug 1 (Reuters) – … Read more

Europe agrees to compromise gas curbs as Russia squeezes supply

Model of natural gas pipeline, EU and Russia flags, July 18, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register EU ministers agree to emergency gas use cuts Voluntary cuts would become binding in emergency supply Final deal exempts numerous countries, industries EU racing to save gas as Russia slashes supply BRUSSELS, … Read more

Satellite imagery, ship data indicates path of Russian vessel Kyiv says shipped “looted” grain

July 22 (Reuters) – Late last month, a Russian-flagged cargo ship carrying corn pulled into the Turkish port of Izmir on the Aegean Sea. The SV Nikolay had loaded the grain at Port Kavkaz, in Russia, six days earlier on June 18, according to documentation provided by an employee of the Russian company that owns … Read more

Ukraine’s ports to reopen under deal to be signed Friday, Turkey says

UN, Turkey worked to broker Ukraine-Russia grains export deal Hopeful sign global food crisis could be eased Ukraine’s Zelenskiy sees potential for battleground gains July 22 (Reuters) – Russia and Ukraine will sign a deal on Friday to reopen Ukraine’s Black Sea ports to grain exports, Turkey said, raising hopes that an international food crisis … Read more

Italy could be headed for snap election as Draghi considers resignation

Italian Prime Minister Mario Draghi Antonio Masiello Getty Images News | Getty Images Italy’s Mario Draghi on Wednesday is due to tell lawmakers whether or not he’ll stay on as prime minister — in what could create further market volatility ahead of a crucial meeting of the European Central Bank later this week. Political instability … Read more

Britain kicks off post-Brexit ‘transformation’ of finance

UK seeks to preserve London’s financial standing after Brexit Regulators to focus on competitiveness, not just stability Capital rules for insurers to be relaxed to boost investment Zahawi pauses plan for more government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial … Read more