Reuters

WASHINGTON (Reuters) - U.S. Secretary of State Antony Blinken on Tuesday said the Biden administration would be happy to work with Congress to formulate an appropriate response to the International Criminal Court prosecutor seeking to issue arrest warrants on Israeli leaders over the Gaza war.

Speaking at a Senate Foreign Relations Committee hearing, Blinken called the move "a profoundly wrong-headed" decision which would complicate the prospects of... (continue reading...)

WASHINGTON (Reuters) - The White House believes the U.S. Federal Deposit Insurance Corp needs a "fresh start" with a new Chair that has not been part of the leadership structure, a White House official said.

"Within the White House there is a belief that the FDIC needs a fresh start with a new chair that has not been part of the leadership structure because many of these issues have continued at the agency for a long period of time," a White House... (continue reading...)

FRANKFURT (Reuters) - The European Central Bank should not necessarily follow up a rate cut in June with another move the following month, even if inflation is on its way to target, Bundesbank President Joachim Nagel said in a newspaper interview published on Tuesday.

The ECB has all but promised a rate cut on June 6, so policymakers have shifted their attention to debating where rates will go thereafter.

While some are advocating for... (continue reading...)

By Mimosa Spencer

PARIS (Reuters) -Chanel plans to invest in opening more stores in mainland China despite a shift in spending by Chinese shoppers to other markets as they resume travelling, the French label said on Tuesday.

"The ability to scale is really important," said Leena Nair, chief executive of the privately-owned label, known for its tweed suits, quilted handbags and No. 5 perfume.

On a recent trip to China, she said... (continue reading...)

By Clark Mindock

(Reuters) - German chemical company BASF said on Tuesday it reached a $316.5 million settlement with some U.S. public water systems that claimed toxic “forever chemicals” in firefighting foam made by the company contaminated their water supplies.

The money provided by the settlement, which must be approved by a federal judge, will help cities, towns and other public water systems remediate contamination of... (continue reading...)