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Egypt rejects Israeli plans for Rafah crossing, sources say May 16, 2024 06:30AM

CAIRO (Reuters) - Egypt has rejected an Israeli proposal for the two countries to coordinate to re-open the Rafah crossing between Egypt's Sinai Peninsula and the Gaza Strip, and to manage its future operation, two Egyptian security sources said.

Officials from Israeli security service Shin Bet presented the plan on a visit to Cairo on Wednesday, amid rising tension between the two countries following Israel's military advance last week into Rafah,... (continue reading...)


GameStop, AMC slide as meme stocks rally loses steam May 16, 2024 06:26AM

(Reuters) - Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out.

Shares of the struggling videogame retailer GameStop fell 16% to $33 after jumping as much as $64.83 so far this week. Theater chain AMC shed 13% following an 88% gain since Friday's close.

Despite the losses on... (continue reading...)


Italy's League seeks to remove EU flag from public offices May 16, 2024 06:23AM

ROME (Reuters) - Italy's hard-right League on Thursday said it wanted to change the law and remove the European Union flag from public offices, looking to bolster its eurosceptic credentials ahead of EU parliamentary elections next month.

League leader Matteo Salvini, whose electoral fortunes have waned in recent years, has dusted off a radical platform to lure eurosceptic electors and boost support for his party which is part of Prime Minister Giorgia... (continue reading...)


Deutsche Bank under fire from investors over Postbank problems May 16, 2024 06:23AM

By Tom Sims

FRANKFURT (Reuters) -Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging embarrassment.

The complaints at Deutsche's annual general meeting follow the bank's disclosure that a long-running lawsuit claiming that it underpaid for its purchase of Postbank could cost up to 1.3 billion euros ($1.4 billion).

Andreas... (continue reading...)


German legislator's premises searched in bribery investigation May 16, 2024 06:19AM

By Thomas Escritt

BERLIN (Reuters) - Authorities in Germany and Spain have searched premises linked to a German legislator who is suspected of receiving bribes and money laundering and was identified by German media as far-right politician Petr Bystron.

Bystron, who is running in next month's European Parliament elections, did not immediately comment on the searches. He has denied allegations widely reported by media that he was paid for... (continue reading...)


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