Blog with slideshow

By Leika Kihara TOKYO (Reuters) -The Bank of Japan is likely to raise interest rates next week barring any market shocks when U.S. President-elect Donald Trump takes office, and maintain a pledge to keep pushing up borrowing costs if the economy continues to recover, said five sources familiar with its thinking. However, the central bank likely won’t offer explicit guidance on the pace of future rate hikes or how far […]

HARRISBURG, Pa. (AP) — When Democrat John Fetterman got elected to Pennsylvania’s U.S. Senate seat, many backers hoped he’d challenge convention and the status quo. He did and has — just not in the way many had expected. Fetterman has broken with his party on some policy matters and warmed to President-elect Donald Trump, a man he bashed on the 2024 campaign trail as a “felon” who is “obsessed with […]

WASHINGTON (AP) — With Donald Trump’s return to the White House only days away, Kamala Harris ‘ staff packed into her ceremonial office to watch her sign the desk, a tradition performed by her predecessors for decades. Her husband, Doug Emhoff, stood behind her to take a photo as she wielded her Sharpie marker. “It is not my nature to go quietly into the night,” Harris said Thursday. “So don’t […]

By Naomi Rovnick, Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – Investors who had been enjoying a brief rebound in long-suffering UK markets are hunkering down for a stretch of losses as ructions in the pound, government bonds and stocks feed on each other and put Britain at risk of a wave of hedge fund attacks. As global borrowing costs rise in a trend led by the U.S. Treasury market, […]

By Tom Wilson (Reuters) – Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday. The crypto industry has spent years fighting lawsuits and enforcement actions by the U.S. government. It hopes the incoming Trump administration will mark a shift in policy.   Political appointees will be vetted for potential […]

By Nivedita Bhattacharjee BENGALURU (Reuters) – Seven Indian private companies have been chosen for a first-of-its-kind India-U.S. space and defence collaboration programme, unlocking a lucrative and strategic market for Indian firms, said three sources with knowledge of the matter. Under the programme, the companies – which the sources said included space imaging company KaleidEO and rocket makers EtherealX and Aadyah Space – will work with the U.S. Defense Innovation Unit, […]

BRUSSELS (Reuters) – Two Norwegian F-35s stationed in Poland were deployed on Wednesday in response to a “massive number of airborne Russian aircraft” that approached Poland’s air space, NATO’s air command said on Thursday. It was the first time Norway’s F-35s had been used in Polish airspace after they were sent there last December. (This Jan. 16 story has been corrected to change ‘entered’ to ‘approach’ in the headline, and […]

Shai Gilgeous-Alexander scored 40 points to lead the Oklahoma City Thunder to a 134-114 home win over the Cleveland Cavaliers on Thursday in a matchup between the two teams with the NBA’s best records. The Cavs came in as the No. 1 offensive team in the league, while Oklahoma City ranked atop the NBA in defensive rating. The Thunder dominated, reeling off a 22-2 run over the final six minutes […]

A look at the day ahead in European and global markets from Kevin Buckland The tone in the equities markets was decidedly feeble as the week came to an end, with Chinese markets getting very little help from GDP figures that topped estimates to hit Beijing’s 2024 growth target bang on at 5%. Japanese stocks are also struggling, weighed down by the yen’s strengthening beyond 155 per dollar for the […]

BEIRUT (Reuters) – France President Emmanuel Macron will travel to Lebanon on Friday for the first time since 2020 to help speed up the formation of a government that can quickly implement reforms and open the door to reconstruction.  Since a truce brokered by France and the United States in November between Israel and Iran-backed Hezbollah, Paris has played a key role in helping break Lebanon’s political deadlock, along with […]