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How Macron's election gamble sowed panic in French markets Jun 14, 2024 10:50AM

By Alun John and Harry Robertson

(Reuters) - French stocks and the euro have tumbled this week as political uncertainty in France and the possibility of a far-right-dominated parliament spook investors, while the gap between French and German government borrowing costs has soared.

Marine Le Pen's eurosceptic National Rally is leading in opinion polls following President Emmanuel Macron's surprise decision at the weekend to call a snap... (continue reading...)


Meta will not launch Meta AI in Europe for now Jun 14, 2024 10:36AM

BRUSSELS (Reuters) - Meta Platforms will not launch its Meta AI in Europe for now following a request from the Irish privacy regulator, the U.S. social media company said on Friday.

"We're disappointed by the request from the Irish Data Protection Commission (DPC), our lead regulator, on behalf of the European DPAs, to delay training our large language models (LLMs) using public content shared by adults on Facebook and Instagram  — particularly since... (continue reading...)


EU centre-right EPP says door is open for new Hungary party to join Jun 14, 2024 10:35AM

BUDAPEST (Reuters) - Hungarian political newcomer Peter Magyar's Tisza party is welcome to join the centre-right European People's Party in the European Parliament, the EPP's leader said on Friday.

Magyar has emerged as a new threat to Prime Minister Viktor Orban's iron grip on Hungarian politics with his promises to tackle state corruption and restore democratic checks and balances he says have been eroded during Orban's 14-year rule.

... (continue reading...)


US says it and Turkey are sanctioning ISIS-linked human-smuggling group Jun 14, 2024 10:29AM

(Reuters) - The United States and Turkey are working together to crack down on a human smuggling network linked to the Islamic State militant movement, the U.S. Treasury Department said on Friday.

After a probe closely coordinated with Ankara, Washington imposed sanctions on four individuals, three of whom were involved in the network, it said in a statement.

"As a result of this close cooperation, (Turkey) is concurrently taking its own... (continue reading...)


Bond traders worry liquidity will worsen as US market size grows Jun 14, 2024 10:29AM

By Davide Barbuscia and Gertrude Chavez-Dreyfuss

BOSTON (Reuters) - U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market.

Liquidity - or the ability to trade an asset without significantly moving its price - has worsened over the past few years. U.S.... (continue reading...)


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