UK’s Truss refuses to rule out welfare cuts to fund economic plan

Pressure builds over future benefit policy Truss, Kwarteng to set out full fiscal plan Trust refuses to rule out limits to welfare payments BIRMINGHAM, England Oct 4 (Reuters) – Britain’s new Prime Minister Liz Truss triggered a fresh row in her party on Tuesday by suggesting that she could limit increases in benefit payments by … Read more

N.Korea backs Russia’s proclaimed annexations, criticises U.S. ‘double standards’

SEOUL, Oct 4 (Reuters) – North Korea supports Russia’s proclaimed annexation of parts of Ukraine, its foreign ministry said on Tuesday, accusing the United States of applying “gangster-like double standards” in interfering in other country’s affairs. State media KCNA reported on a US-led UN Security Council resolution condemning the proclaimed annexation, which was vetoed on … Read more

Britain’s tax backdown bounces stocks and sterling

Britain scraps small part of tax plan; markets relieved Reserve Bank of Australia surprises with a small hike High VIX; Credit Suisse stock slide point to nerves beneath SYDNEY, Oct 4 (Reuters) – Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying … Read more

Markets open up after Bolsonaro’s strong showing in Brazil vote

SAO PAULO, Oct 3 (Reuters) – Stronger-than-expected support for Brazil’s President Jair Bolsonaro in the first round of the presidential election was cheered by financial markets on Monday, as expected by bankers and analysts after Sunday first round, as the race went to an Oct. 30 runoff. Bolsonaro’s leftist challenger, former President Luiz Inacio Lula … Read more

UK’s Truss forced into humiliating tax U-turn

Truss had defended the policy on Sunday Kwarteng now says it was a distraction Cut in highest tax rate was small part of overall plan Markets concerned about how plan was to be financed BIRMINGHAM, England, Oct 3 (Reuters) – British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans … Read more

UK’s Truss tries to reassure on economic plan

Defends economic plan, saying it is right Also tries to reassure Says Kwarteng made decision on high tax rate BIRMINGHAM, England, Oct 2 (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan … Read more

Tillerson to be called as witness in Trump ally’s foreign agent trial

NEW YORK, Oct 1 (Reuters) – Former US Secretary of State Rex Tillerson will be called as a witness by federal prosecutors in the trial of Tom Barrack, a one-time fundraiser for former President Donald Trump, on charges of illegally acting as a foreign agent for the United Arab Emirates, a court filing showed on … Read more

Moldova says Russia’s Gazprom cuts gas supplies by 30%

CHISINAU, Oct 1 (Reuters) – Russia’s Gazprom (GAZP.MM) cut natural gas supplies to Moldova on Saturday by around 30%, the director of gas firm Moldovagaz, Vadim Ceban, said. A day earlier, Deputy Prime Minister Andrei Spinu said Gazprom had warned Moldova about the reduction in supplies. read more Spinu said on Saturday that technical problems … Read more

Tesla’s robot waves but can’t walk, yet. Musk plans to make millions of them

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk showed off on Friday a prototype of its humanoid robot ‘Optimus’, predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 – less than a third of the price of a Model Y. Musk said he expected … Read more

Russian military showing increased frailty in Ukraine war -British military chief

WASHINGTON, Sept 30 (Reuters) – Russia’s mobilization has exposed the mounting pressure the Kremlin is under as its armed forces show signs of “increased weakness and frailty” in the war in Ukraine, Britain’s Chief of Defense Staff Admiral Sir Tony Radakin said on Friday . “There are pressure points. There is some brittleness to the … Read more