By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan’s suspected currency intervention. Stocks on both…
Coty posts Q3 revenue beat, aims for upper end of 2024 targets on strong demand
By Ananya Mariam Rajesh (Reuters) -Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products. Shares of the company were up about 3% in…
China’s Xi backs Macron call for global Olympic truce
By John Irish and Elizabeth Pineau PARIS (Reuters) -China’s President Xi Jingping on Monday called for a global truce during the Olympic Games in Paris this summer after the French president and the head of the European Commission urged him to use his influence on Russia to end its war…
Oil steadies as ceasefire eludes Hamas, Israel
By Erwin Seba HOUSTON (Reuters) -Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37 cents, or 0.5%, higher with Brent crude futures at $83.33 a barrel and U.S. West Texas Intermediate crude futures (WTI)…
Trump accuses Biden of running ‘Gestapo administration’
By Doina Chiacu WASHINGTON (Reuters) -Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a “Gestapo administration” in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by U.S. media outlets. Trump, whose own…
Democrat Hakeem Jeffries steps up as House Republicans roast Johnson
By Richard Cowan WASHINGTON (Reuters) – As the Democratic minority leader in a Republican-controlled House of Representatives, Hakeem Jeffries’ influence is normally limited. This week, he may be the most powerful person in Congress. That is because the chamber’s embattled speaker, Republican Mike Johnson, is expected to need the support…
Brazil’s ex-President Bolsonaro to undergo health treatments in Sao Paulo
BRASILIA (Reuters) – Brazil’s former far-right President Jair Bolsonaro is traveling to Sao Paulo on Monday for treatment of an intestinal obstruction and a bout of erysipelas, a bacterial skin infection, his lawyer Fabio Wajngarten said on social media. The former president, who was admitted to a hospital in the…
Biden pushed Netanyahu not to attack Rafah, US reviewing ceasefire proposal
By Steve Holland WASHINGTON (Reuters) – The White House said on Monday it was reviewing a response by Hamas to a ceasefire and hostage release deal, and continued to press Israel not to launch a large-scale military offensive in the southern Gaza city of Rafah. CIA Director Williams Burns was…
With bright tents and sombre mood, protesting UK students show solidarity with US peers
By Hollie Adams OXFORD (Reuters) – British students set up pro-Palestinian protest encampments on Oxford and Cambridge universities’ historic campuses on a cloudy spring Monday, in a show of solidarity with their American peers. By early morning, students had erected dozens of brightly coloured tents on the lawns outside the…
Conservative US judges boycott Columbia grads over campus Gaza protests
By Nate Raymond and Karen Sloan (Reuters) – A group of 13 conservative U.S. federal judges said on Monday that they would not hire law students or undergraduates from Columbia University in response to its handling of pro-Palestinian demonstrations. The judges, all appointees of former U.S. President Donald Trump, called…