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U.S. bank regulator finalizes new community lending rule

WASHINGTON (Reuters) – A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks. The new rule from the Office of the Comptroller of the Currency (OCC) is an update to require... More »

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Kremlin says Prime Minister Mishustin back to work

MOSCOW (Reuters) – Russian Prime Minister Mikhail Mishustin is back at work after being diagnosed with the new coronavirus, the Kremlin said on Tuesday. The Kremlin said Russian President Vladimir Putin had signed a decree cancelling a temporary transfer of Mi... More »

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German economy to shrink by at least 10%: DIHK

BERLIN (Reuters) – Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink at least 10% this year due to the coronavirus crisis, its president said on Tuesday, a much more pessimistic view than the government’s forecast. “Thi... More »

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Indonesia reports 486 new coronavirus infections, 30 deaths

JAKARTA (Reuters) – Indonesia reported on Tuesday 486 new coronavirus infections, taking the total in the Southeast Asian country to 18,496, the country’s COVID-19 task force reported on its official website. The task force also recorded 30 more deaths, taking... More »

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German court limits power of spy agency’s bugging overseas

KARLSRUHE, Germany (Reuters) – Germany’s Constitutional Court ruled on Tuesday that monitoring the internet traffic of foreign nationals abroad by the BND intelligence agency partly breaches the constitution. The long-awaited ruling stated that internet survei... More »

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Czech coronavirus cases show biggest jump in four weeks

PRAGUE (Reuters) – The number of new coronavirus cases in the Czech Republic showed its biggest daily rise in four weeks and climbed above 100 for the first time this month, the Health Ministry said on Tuesday. The ministry said 111 new cases had been recorded... More »

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Democrat Biden says he would kill Keystone XL pipeline

WASHINGTON (Reuters) – Joe Biden’s campaign said on Monday that if elected president, the presumptive Democratic nominee would rescind the permit for Keystone XL pipeline, which effectively would doom the long-troubled project. In doing so, Biden would reverse... More »

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Senator Rubio chosen as acting Intelligence Committee chairman

WASHINGTON (Reuters) – U.S. Senator Marco Rubio will serve as acting chairman of the Senate Select Committee on Intelligence, Senate Majority Leader Mitch McConnell said on Monday, after Senator Richard Burr announced he would step aside from the position duri... More »

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Gunmen attack Afghan hospital where MSF aid group runs a clinic

KABUL (Reuters) – Gunmen attacked a hospital in the Afghan capital, Kabul, on Tuesday where the international humanitarian organisation Doctors Without Borders runs a maternity clinic, officials said. There was no immediate information about any casualties in ... More »

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China announces new tariff waivers for some U.S. imports

BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »

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Russia reports 10,899 new coronavirus cases, surpasses UK tally

MOSCOW (Reuters) – Russia on Tuesday reported 10,899 new cases of the novel coronavirus in the last 24 hours, bringing the nationwide total past that of Britain to 232,243, the third highest total worldwide. The country’s coronavirus response centre said the d... More »

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Trump and Republicans narrowly top Biden in April fundraising

(Reuters) – President Donald Trump’s re-election campaign and the Republican National Committee said on Monday they jointly raised $61.7 million in April, just beating the month’s haul for presumptive Democratic presidential nominee Joe Biden and his party. A ... More »

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Senate to reconsider expired surveillance tools

WASHINGTON (Reuters) – The U.S. Senate will make a renewed attempt this week to extend parts of the Foreign Intelligence Surveillance Act (FISA), Senate Majority Leader Mitch McConnell said on Monday, two months after the divisive government surveillance tools... More »

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Australia sets plan to end most COVID-19 restrictions by July

SYDNEY (Reuters) – Australia will ease social distancing restrictions in a three-step process, Prime Minister Scott Morrison said on Friday, as Canberra aims to remove most curbs by July and get nearly 1 million people back to work amid a decline in coronaviru... More »

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Ferrari slowed by coronavirus, but not driven off course

MILAN (Reuters) – Luxury sports car maker Ferrari (RACE.MI) still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis. The company, known for its red Form... More »

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German car sector morale plunges ahead of crunch Merkel meeting

BERLIN/MUNICH (Reuters) – The business climate in Germany’s auto sector suffered its biggest slump in April and hit its lowest level since 1991, when the Ifo economic institute began collecting data post-reunification, a survey showed on Monday. The news came ... More »

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VW’s Skoda braces for second quarter hit after earnings drop

PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen Group (VOWG_p.DE), reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit from the coronavirus outbreak would come in the second quarter. Skoda, the Czech R... More »

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Masked and standing apart, the world creeps out of lockdown

ROME/WASHINGTON (Reuters) – Italy and the United States were among a slew of countries easing lockdown restrictions on Monday to resurrect economies, but officials cautioned against moving too swiftly as global deaths from the coronavirus neared a quarter of a... More »

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Trump says up to 100,000 Americans may die from coronavirus

WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by t... More »

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President queries Tanzania coronavirus kits after goat test

DAR ES SALAAM (Reuters) – Coronavirus test kits used in Tanzania were dismissed as faulty by President John Magufuli on Sunday, because he said they had returned positive results on samples taken from a goat and a pawpaw. Magufuli, whose government has already... More »

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FINA postpones 2021 Fukuoka world championships to May 2022

TOKYO (Reuters) – Swimming’s world governing body FINA rescheduled the 2021 Fukuoka aquatics world championships to May 2022 on Monday to avoid a clash with the postponed Tokyo Olympics. The new dates for the swimming event in the Japanese city are May 13-29, ... More »

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Nigeria taps the power of music to try to beat coronavirus

LAGOS (Reuters) – Two dozen Lagos healthcare workers in scrubs and face masks rushed outside the isolation tents and, making sure to keep six feet apart on the bright green grass, danced and swayed as a saxophone and trumpet struck up the band. Inside the tent... More »

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Russia drops plans for Putin mosaic in military church

MOSCOW (Reuters) – A grandiose mosaic depicting Russian President Vladimir Putin and other high-ranking officials will not be put on display in a new military church after objections from the Kremlin leader, a church official said on Friday. Russia is building... More »

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Swiss soldiers pick up smartphones to fight COVID-19

CHAMBLON, Switzerland (Reuters) – In the battle against coronavirus, Swiss soldiers are using smartphones to test a new contact tracing application that could prevent infections while also protecting users’ privacy. Switzerland hopes to launch the app on May 1... More »

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Back at work, British PM Johnson faces lockdown Catch-22

LONDON (Reuters) – Prime Minister Boris Johnson returns to work on Monday to the biggest dilemma of his premiership: how to lift the coronavirus lockdown that is destroying swathes of the British economy without triggering a deadly second wave of the outbreak.... More »

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Germany should only carefully lift virus restrictions: minister

BERLIN (Reuters) – Germany’s economy minister urged the country’s 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and being forced to backtrack later. Under Germany’s decentralised political ... More »

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Japan’s MUFG expects deep recession across GCC countries

DUBAI (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession this year with overall real GDP contracting 3.7% from a previous growth forecast of 2.9%. Th... More »

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UAE against unilateral changes to situation in Yemen: official

DUBAI (Reuters) – The United Arab Emirates stands against a decision by a main Yemeni southern separatist group to declare self-rule in areas it controls, and urges full implementation of a peace deal agreed last year for the south, minister of state for forei... More »

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A battle far from over: Five questions for the ECB

LONDON (Reuters) – The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already asking what more it will do to help the euro zone economy through the coronavirus crisis. Its emergency stimulus, wh... More »

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White House considering replacing HHS chief Azar: reports

WASHINGTON (Reuters) – President Donald Trump’s administration is considering replacing its secretary of Health and Human Services, Alex Azar, because of early missteps in the handling of the coronavirus pandemic, the Wall Street Journal and Politico reported ... More »