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Canada GDP likely to rise 3% in May on gradual reopening

OTTAWA (Reuters) – Canada’s real GDP is likely to grow 3% in May, bouncing back from a record decline in April, Statistics Canada said in a flash estimate on Friday, as businesses across the country began to reopen following coronavirus-linked shutdowns. Growt... More »

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Wirecard’s former boss faces criminal complaint in Austria

VIENNA (Reuters) – An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vie... More »

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Hong Kong May retail sales tumble as spending, tourism evaporate

HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »

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Britain locks down city of Leicester after COVID-19 flare-up

LEICESTER, England (Reuters) – Britain has imposed a stringent lockdown on the English city of Leicester following a local flare-up of the novel coronavirus, overshadowing Prime Minister Boris Johnson’s attempts to nudge the country back to normality. The Unit... More »

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European shares pick up, dollar gains before quarter-end

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

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Reddit bans ‘The_Donald’ forum amid broad social media crackdown

(Reuters) – Social media site Reddit on Monday shut down r/The_Donald, a forum which long served as a popular online home base for fans of President Donald Trump, saying it violated the site’s hate speech rules. Other sites also conducted high-profile sweeps: ... More »

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Italy’s Cassandra: the scientist who challenged WHO guidelines

ROME (Reuters) – Andrea Crisanti says his one regret is that he didn’t yell loudly enough at the beginning, when the dead had yet to pile up.  The Italian virologist has become a medical celebrity at home, a contrarian who broke with initial  World Health  Org... More »

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Spain, Ireland, Luxembourg vie for Eurogroup leadership

BRUSSELS/MADRID (Reuters) – Finance ministers of Spain, Ireland and Luxembourg are in the running to chair meetings of the powerful Eurogroup of euro zone finance ministers, with euro zone officials saying it is likely to be a close race between the Spanish an... More »

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Euro zone data confirm tepid recovery, ECB’s Knot says

FRANKFURT (Reuters) – A string of positive economic indicators in the euro zone confirm that a recovery is on its way but the bloc may still need years to reach pre-crisis levels of activity, European Central Bank policymaker Klaas Knot said on Thursday. “I wo... More »

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London Stock Exchange’s Rathi to head UK financial watchdog

LONDON (Reuters) – Nikhil Rathi, head of the London Stock Exchange’s UK division, has been appointed chief executive of the Financial Conduct Authority (FCA), Britain’s finance ministry said on Monday. Rathi, a former finance ministry official, will play a key... More »

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Changing of guard at top German court signals de-escalation for ECB

BERLIN (Reuters) – Changes to the composition of Germany’s top court are likely to make it less confrontational towards the European Central Bank following a ruling about bond purchases that sent shockwaves around Europe, according to two sources close to the ... More »

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Exclusive: Nokia to cut a third of jobs at French arm Alcatel-Lucent

PARIS (Reuters) – Finland’s Nokia Oyj (NOKIA.HE) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report. Nokia, which competes ... More »

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Stock futures cling to hopes of recovery as virus cases rise

(Reuters) – U.S. stock index futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in the coronavirus infections. Trillions of dollars in monetary and fiscal support, the re... More »

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Global stocks shrug off fresh virus wave fears, dollar slips

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

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White House adviser Kevin Hassett to leave this summer: Axios

(Reuters) – White House adviser Kevin Hassett will leave the administration of U.S. President Donald Trump this summer, Axios reported bit.ly/2Npsi61 on Monday, citing two officials. Hassett had returned as an adviser earlier this year to help the Trump admini... More »

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UK factories suffer worst quarter on record, CBI says

LONDON (Reuters) – British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted operations, and a further decline is likely in the months to come, a survey showed on Monday. The Confedera... More »

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Chinese bomber approaches Taiwan in latest fly-by near island

TAIPEI (Reuters) – Chinese air force jets, including at least one bomber, briefly entered Taiwan’s air defence identification zone on Monday, before being warned off by its air force, the island’s military said, the eighth such encounter in two weeks. The enco... More »

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Coronvirus pandemic has been exacerbated by politicisation: WHO

DUBAI (Reuters) – The global coronavirus pandemic has been exacerbated by polititicisation, the World Health Organization’s director general said on Monday. Tedros Adhanom Ghebreyesus was speaking at a virtual health forum organised by the World Government Sum... More »

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UK says Reading knife attacker was acting alone

READING, England (Reuters) – The man who went on a stabbing spree in the British town of Reading was acting alone, interior minister Priti Patel said on Monday. “This is a tragic, tragic event,” Patel said. She did not comment on whether the arrested man was L... More »

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Croatia’s Coric tests positive for COVID-19

(Reuters) – Croatia’s Borna Coric, who played in Novak Djokovic’s Adria Tour exhibition tournament at the weekend, said on Monday he had tested positive for COVID-19. Coric’s positive test follows that of Grigor Dimitrov, who said on Sunday he had contracted t... More »

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Japan withdrawing 2023 Women’s World Cup bid: Kyodo

TOKYO (Reuters) – Japan is withdrawing its bid to host the 2023 Women’s World Cup, Kyodo news agency quoted a source as saying on Monday, just days before football’s world governing body holds a vote to determine the successful candidate. The Japanese bid is o... More »

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Australian officials warn against travel to new coronavirus hotspots

SYDNEY (Reuters) – Australian officials tried to contain a fresh outbreak of the novel coronavirus on Monday, telling residents in the cluster hotspots to avoid travel outside their suburbs in Melbourne, the country’s second-largest city. Victoria state of whi... More »

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China reports 18 new coronavirus cases, nine in Beijing

BEIJING (Reuters) – China reported 18 new coronavirus cases for June 21, 9 of which were in the capital Beijing, the National Health Commission said on Monday. This compared with 26 confirmed cases a day earlier, 22 of which were in Beijing. Local authorities ... More »

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Wall Street gripped by fears of fresh virus wave

(Reuters) – U.S. stocks dropped on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery that had driven a sharp rise in Wall Street’s main indexes over the past month. Battered shares... More »

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Amazon CEO Bezos willing to testify before U.S. Congress: letter

WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing A... More »

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Sudan finds mass grave of conscripts killed during Bashir’s rule

KHARTOUM (Reuters) – Sudan’s public prosecutor on Monday announced the discovery of a mass grave east of Khartoum suspected to contain the remains of students killed in 1998 as they tried escaping military service at a training camp. An investigation had been ... More »

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UK coastguards locate wreckage of U.S. fighter plane, pilot missing

LONDON (Reuters) – British coastguards have located the wreckage of a U.S. fighter plane that crashed into the North Sea off the coast of northeast England on Monday but the pilot is still missing, the U.S. Air Force said in a statement. The F-15C Eagle from t... More »

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U.S. crude drops as coronavirus cases spike globally

NEW YORK (Reuters) – Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and dent fuel demand. U.S. West Texas Intermediate crude fell 35 cents, or 1%, t... More »

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Germany to buy stake in CureVac as world races for COVID-19 vaccine

FRANKFURT/BERLIN (Reuters) – Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report. The Berlin government will acquire a 23% stak... More »

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GE picks Embraer planemaking chief to run aviation unit

(Reuters) – General Electric Co (GE.N) on Monday tapped the planemaking head of Brazil’s Embraer (EMBR3.SA) to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic. Irishman J... More »

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U.S. Supreme Court declines to hear gun rights cases

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to take up a series of new cases seeking to expand gun rights. The court rejected a total of 10 different cases that had piled up at the court in recent months. Two justices, conservatives Claren... More »

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Beijing imposes curbs as coronavirus returns to Chinese capital

BEIJING (Reuters) – Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. After... More »

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Mutation in new coronavirus increases chance of infection: study

(Reuters) – A specific mutation in the new coronavirus can significantly increase its ability to infect cells, according to a study by U.S. researchers. The research may explain why early outbreaks in some parts of the world did not end up overwhelming health ... More »

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Anti-racism protest signs, murals destined for U.S. Smithsonian

WASHINGTON (Reuters) – Days into nationwide protests over the killing of George Floyd, demonstrators began to fill a tall fence in front of the White House with posters, flowers, paintings and photos in honor of black men, women and children who have lost thei... More »

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Trump economic adviser urges wearing of masks at Tulsa rally

WASHINGTON (Reuters) – People attending U.S. President Donald Trump’s campaign rally in Oklahoma this week should wear masks, a White House adviser said on Sunday, as health experts cautioned against large gatherings such as political rallies during the corona... More »

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Russia’s space chief complains about American jokes

MOSCOW (Reuters) – Americans should show more respect for Russia’s space program after relying on it for nine years as the only way to send U.S. astronauts into orbit, the head of Russia’s space agency said. The United States launched the first astronauts from... More »

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U.N. expert says some are ‘starving’ in North Korea

GENEVA (Reuters) – A United Nations human rights expert voiced alarm on Tuesday at what he called “widespread food shortages and malnutrition” in North Korea, made worse by a nearly five-month border closure with China and strict quarantine measures against CO... More »

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Hong Kong spearheads $5 billion Cathay Pacific rescue package

SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways (0293.HK), which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The government’s involvement in the recapitalisatio... More »

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Trump’s troop cut in Germany blindsided senior U.S. officials

WASHINGTON (Reuters) – President Donald Trump’s decision to cut U.S. troop levels in Germany blindsided a number of senior national security officials, according to five sources familiar with the matter, and the Pentagon had yet to receive a formal order to ca... More »

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UK COVID-19 death toll nears 52,000, Reuters tally shows

LONDON (Reuters) – The United Kingdom’s COVID-19 death toll neared 52,000 on Tuesday, according to a Reuters tally of official data sources that highlighted the country’s place as one of the worst hit in the world. New data for England and Wales brought the to... More »

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S&P revises Japan’s outlook to stable

(Reuters) – S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization. The ratings agency said bit.ly/3hcamcM stable outlook reflects its view that until fiscal 2023, relatively large fiscal deficits wi... More »

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Europe turns red as bulls run out of charge

LONDON (Reuters) – Stock market bulls were forced to a halt on Tuesday and high-flying currencies like the euro and Australian dollar lost altitude, as a weeks-long risk rally ran into some turbulence. It all seemed so sudden. Asian equities had scored their n... More »

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TSMC says could fill order gap if unable to sell chips to Huawei

HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »

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TSMC says still in talks about subsidies for new U.S. plant

HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »

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U.S. Democrats pledge transformative change with police reform bill

WASHINGTON (Reuters) – U.S. congressional Democrats unveiled sweeping legislation on Monday to combat police violence and racial injustice through transformative change, two weeks after George Floyd’s death in Minneapolis police custody led to nationwide prote... More »

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Trump insists no police defunding amid U.S.-wide clamor for reforms

WASHINGTON (Reuters) – President Donald Trump on Monday pledged to maintain funding for police departments in the United States amid growing calls for sweeping cuts to law enforcement budgets as protesters clamored for an end to police brutality following the ... More »

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Get Back! Abbey Road Studios reopen after COVID hiatus

LONDON (Reuters) – London’s world-famous Abbey Road Studios reopened on Thursday after closing its doors during the coronavirus lockdown for the first time in its 90-year history. Celebrated for recording the likes of Edward Elgar, The Beatles and Lady Gaga, t... More »

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ECB sees big 2020 recession, partial rebound next year

FRANKFURT (Reuters) – The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period. In what ECB President Christine Lagarde... More »

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Lagarde comments at ECB press conference

(Reuters) – The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns to cope with the coronavirus pandemic. Following are highlights of ECB Pres... More »

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Oldest and largest ancient Maya structure found in Mexico

WASHINGTON (Reuters) – Scientists using an aerial remote-sensing method have discovered the largest and oldest-known structure built by the ancient Maya civilization – a colossal rectangular elevated platform built between 1,000 and 800 BC in Mexico’s Tabasco ... More »

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France nears 1-billion-euro crisis fund for aero suppliers: sources

PARIS (Reuters) – French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wed... 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 »