By Ben Blanchard
TAIPEI (Reuters) - Taiwan reported Chinese forces were carrying out another “combat patrol” near the island on Tuesday, including sending aircraft across the Taiwan Strait’s sensitive median line, as tensions rise a week before a new Taiwanese president takes office.
Over the past four years, China's military has significantly ramped up its activities around democratically-governed Taiwan. Beijing views the island... (continue reading...)
FRANKFURT (Reuters) - The European Central Bank's first two interest rate cuts are a "no brainer" but slower than expected policy easing in the U.S. could delay some of the ECB's moves, Belgian central bank chief Pierre Wunsch told German newspaper Handelsblatt.
The ECB has all but promised a rate cut on June 6 as inflation is now within striking distance of its 2% target but has kept its options open for subsequent meetings since the outlook could... (continue reading...)
By Giuseppe Fonte and Angelo Amante
ROME (Reuters) - Italy's ruling coalition was divided on Tuesday over the approval of new curbs on costly incentives for home renovations, with the moderate Forza Italia party refusing to back the Treasury plan, saying it would harm banks and business.
The government of Prime Minister Giorgia Meloni failed to curtail the incentives passed under previous successive administrations, which have cost the... (continue reading...)
By Nidal al-Mughrabi, Emma Farge and Riham Alkousaa
CAIRO/GENEVA/BERLIN (Reuters) - A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and banking sources.
After more than 7 months of Israeli bombardment, just a handful of ATMs remain operational in the... (continue reading...)
SAO PAULO (Reuters) - Brazilian airline Gol reported on Tuesday a first-quarter recurring net loss of 130.2 million reais ($25.39 million), swinging into the red after a 136.4 million-real net profit a year ago, mainly hit by financial expenses.
Gol filed for Chapter 11 bankruptcy protection in the United States in January as it struggles with a heavy debt load after a fall in traffic due to the pandemic and delays in Boeing deliveries.
... (continue reading...)More Reuters
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