Reuters

ROME (Reuters) - The Group of Seven (G7) major democracies meeting in Italy next week will discuss the risk of fragmentation in global trade after "very tough" tariffs imposed by the United States against China, Italian Economy Minister Giancarlo Giorgetti said.

Giorgetti was being interviewed for a conference in Milan on Tuesday organised by Italian newspaper La Verita.

Another item on the agenda for the meeting among the G7 finance... (continue reading...)

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...)