Reuters

By David Lawder

FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent them to avoid potential penalties themselves that would cut off dollar access.

Yellen said at the start of a meeting with bankers that the Treasury's new authority to hit banks with secondary sanctions if they aid Russian... (continue reading...)

(Amends date in lede to Tuesday)

JERUSALEM (Reuters) -Israeli Defence Minister Yoav Gallant described on Tuesday a request by the International Criminal Court prosecutor for arrest warrants against him and Prime Minister Benjamin Netanyahu as a "disgraceful" bid to interfere in the Gaza war.

"The attempt by Prosecutor Karim Khan to deny the State of Israel the right to self-defence and to free its hostages must be rejected out of hand,"... (continue reading...)

By Huw Jones

LONDON (Reuters) -Artificial intelligence could be fundamentally disruptive but help boost productivity in Britain's economy, posing a challenge to regulators who should be open to new rule-making approaches, a Bank of England (BoE) policymaker said on Tuesday.

Britain has so far taken a cautious approach to formulating bespoke rules for AI, unlike the European Union, whose members on Tuesday formally backed landmark new rules... (continue reading...)

JERUSALEM (Reuters) - Ratings agency S&P Global on Tuesday said it expects Israel's economy to recover at a more moderate pace than previous downturns despite an economic bounce-back in the first quarter.

The Israeli economy rebounded in the first quarter after growth was hit late last year at the outset of Israel's war against Hamas in Gaza.

Gross domestic product (GDP) grew an annualised 14.1% in the first quarter from the previous... (continue reading...)

BEIJING (Reuters) - China has banned former U.S. lawmaker Mike Gallagher from entering the country and taken other measures in response to his words and actions that "interfered in China's internal affairs," the foreign ministry said on Tuesday.

From Tuesday, the ministry said, China will also freeze Gallagher's assets in the country and ban organisations and individuals there from trading and cooperating with him.

It did not go into... (continue reading...)