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Global health heavyweights team up for climate, disease funding May 6, 2024 12:12AM

By Jennifer Rigby

LONDON (Reuters) - Three of the biggest global health funders have joined forces for the first time in a $300 million partnership aimed at tackling the linked impacts of climate change, malnutrition, and infectious diseases and antimicrobial resistance.

The Novo Nordisk Foundation, Wellcome and the Bill & Melinda Gates Foundation announced the research partnership, focused particularly on finding affordable solutions for... (continue reading...)


RBNZ must keep policy restrictive until inflation falls within target, OECD says May 5, 2024 11:42PM

SYDNEY (Reuters) - The Organisation for Economic Co-operation and Development (OECD) said on Monday that New Zealand's monetary policy must remain restrictive until inflation is brought within the central bank's target range, and urged the government to curb spending.

"Monetary policy needs to remain data dependent: when inflation will reach the central bank's target range is uncertain and there is a risk of further negative global shocks," the OECD... (continue reading...)


ECB rate cut case getting stronger, says chief economist Lane May 5, 2024 11:06PM

FRANKFURT (Reuters) - The case for a European Central Bank interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB Chief Economist Philip Lane told Spanish newspaper El Confidencial on Monday.

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target by the middle of next year.

"Both the April flash... (continue reading...)


South Korea finds illegal stock short sales by seven more banks May 5, 2024 11:03PM

SEOUL (Reuters) - South Korea's market watchdog said on Monday it had found breaches of short-selling rules by seven more banks in the domestic stock market as part of a full-scale investigation into trading practices at foreign investment banks.

Last November, South Korea introduced a ban on short selling of stocks in the domestic market, after it found illegal trading by two foreign firms in October, and launched a special investigation to look into... (continue reading...)


North Korea bolsters leader Kim with birthday loyalty oaths May 5, 2024 11:02PM

By Minwoo Park and Josh Smith

SEOUL (Reuters) - For the first time since leader Kim Jong Un took power in 2011, North Koreans were asked to take loyalty oaths on his birthday, a South Korean research institute said, amid other steps the country is taking to solidify his rule.

The loyalty oaths, which Reuters could not independently verify, were administered on what is believed to have been Kim's 40th birthday on January 8, according to... (continue reading...)


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