PRAGUE (Reuters) -Slovakia will stop blocking the approval of the 18th package of European Union sanctions against Russia on Friday, Prime Minister Robert Fico said.
Fico said on Thursday Slovakia had achieved as much as it could at this point, after blocking the EU's approval of the sanctions multiple times to demand guarantees against damages it fears from a separate EU plan to end all gas imports from Russia from 2028.
"At this point, it... (continue reading...)
By Andrea Shalal
WASHINGTON (Reuters) -The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration's plans said.
Washington has scaled back its participation this year, with Treasury Secretary Scott Bessent skipping a G20 finance chiefs' meeting that started in Durban, South Africa, on Thursday,... (continue reading...)
(Reuters) -Railroad operator Union Pacific is exploring a deal to acquire rival Norfolk Southern, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Norfolk's shares rose 2.7% in extended trading.
The Journal said the talks were at an early stage and there was no guarantee that they would result in any deal or regulatory signoff.
Union Pacific and Norfolk Southern did not immediately respond... (continue reading...)
(Reuters) -The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law.
The vote marks a watershed moment for the digital asset industry, which has been pushing for federal legislation for years and poured money into last year's elections in order to promote pro-crypto... (continue reading...)
By Ann Saphir
(Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn't delivered the interest-rate cuts he wants.
The Powell Fed has held rates steady since December on concern Trump's tariffs could... (continue reading...)
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