British Prime Minister Theresa May is once more fighting for her political survival, after the resignation of one of her most senior cabinet ministers in protest against her Brexit strategy. The leader of the House of Commons Andrea Leadsom quit over May’s suggestion that MPs should have a vote on whether to hold a second […] Read more
Tens of thousands of poor families in the United Kingdom do not have enough to eat due to government cuts, Human Rights Watch said in a damning report released on Monday. The human rights organisation said the UK government was in “clear breach” of its duty to ensure food access. The 115-page report included interviews […] Read more
Switzerland — one of the most heavily armed countries in Europe — voted to comply with stricter European Union gun laws in a referendum Sunday. While Switzerland doesn’t belong to the EU, it is part of the bloc’s Schengen Area which is a zone that can be visited without a visa or passport by citizens […] Read more
Brexit talks between Theresa May’s ruling Conservative Party and the main opposition, Labour, have taken a hit after Labour said they will not back May’s plan on June 3 unless they strike a deal. The Conservatives and Labour are trying to break the deadlock after May’s Brexit deal was thrice rejected by the UK parliament […] Read more
SYDNEY (Reuters) – U.S. oil prices rose on Friday on renewed optimism that a trade deal between Washington and Beijing could be struck, as investors have been fearing that a protracted tariff war would harm global economic growth. Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7 percent, […] Read more
“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said Wednesday. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.” Trump added that the United States […] Read more
MILAN (Reuters) – Italian banks plan are set to take a 43 percent stake in troubled peer Carige under a 720 million euro (615.5 million pounds)rescue plan sponsored by U.S. asset manager BlackRock, the head of a banking fund said. Speaking to reporters on Monday after a meeting of the voluntary-contribution arm of Italy’s FITD […] Read more
Sen. Amy Klobuchar sat down with CNBC’s John Harwood to discuss the battle for the White House. Klobuchar is running in a crowded Democratic primary field for the right to face President Trump next year. Klobuchar argues that the American capitalist system needs “rebalancing” — and that more workers will unionize as economic inequality persists. […] Read more
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/DOLLAR JUGGERNAUT The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of […] Read more
The Federal Reserve’s preferred inflation gauge showed no change in March and remained well below the central bank’s target, a government report Monday showed. At the same time, consumer spending surged amid a jump in expenditures on motor vehicles and health care. The core personal consumption expenditures index, which strips out volatile food and energy […] Read more
