News
Important Only
US House Republicans meeting with Fed's Powell canceled, Semafor reports
WASHINGTON, July 16 (Reuters) - Republicans on the House Financial Services Committee were expected to meet with Federal Reserve Chairman Jerome Powell later on Wednesday, but the meeting has since been canceled, a Semafor reporter said on X. President Donald Trump earlier told reporters he is ...Reuters
Wed, Jul 16
Sustainable Finance Newsletter - Financial risks of heatwaves, renewable energy at Google and in Texas
LONDON, July 16 (Reuters) - I'm Virginia Furness and I cover sustainable finance for Reuters from London, which has thankfully cooled off from record-breaking heat in late June and early July. I'm stepping in to produce this week's newsletter for Ross Kerber, who is taking a well-earned ...Reuters
Wed, Jul 16
US Senate pushes toward aid, public broadcasting cuts sought by Trump
Republican-led Congress has backed every Trump initiativeDemocrats, some Republicans, lament ceding control of spendingPublic broadcasting cuts could deprive rural US areas of newsBy Patricia Zengerle WASHINGTON, July 16 (Reuters) - The U.S. Senate on Wednesday moved toward approval of Presiden...Reuters
Wed, Jul 16
US Health Secretary Kennedy fires two top leaders in latest department shakeup
Buckham named acting chief of staff at HHSMelanson and Anderson fired after only months in rolesNIH fired chief operating officer amid contract probeJuly 16 (Reuters) - U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has fired two top leaders at the department, chief of staff Heather ...Reuters
Wed, Jul 16
QUOTES-Reactions to the European Commission's new EU budget proposal
BRUSSELS, July 16 (Reuters) - Following are some reactions to the European Commission's proposal on Wednesday for a 2 trillion euro ($2.31 trillion) EU budget for 2028-2034. The proposal places a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm an...Reuters
Wed, Jul 16
US close to deal to de-escalate Israel-Syria, Axios reports
WASHINGTON, July 16 (Reuters) - The Trump administration is close to an agreement to de-escalate the situation between Israel and Syria, Axios reported on Wednesday, citing an unnamed U.S. official.U.S. Secretary of State Marco Rubio earlier on Wednesday told reporters at the White House that he exp...Reuters
Wed, Jul 16
Seven arrest warrants issued in global swoop on suspected Russia-linked hackers
Germany and Spain issue arrest warrants for Russian hackersNoName group used Telegram to recruit volunteers for cyberattacks, Germany and Europol sayEuropol and multiple countries coordinate global swoop against cyber attackersGermany says 24 premises searched on TuesdayBy Giulia Segreti and Thomas ...Reuters
Wed, Jul 16
Citigroup Hires Aloke Gupte and Alex Watkins- Memo Seen By Reuters
July 16 (Reuters) - Citigroup Inc C.N:CITIGROUP SAYS ALOKE GUPTE WILL JOIN CITI AS GLOBAL CO-HEAD OF ECM, ALONGSIDE DOUG ADAMS - MEMO SEEN BY REUTERSCITIGROUP SAYS ALEX WATKINS WILL JOIN CITI AS HEAD OF TECHNOLOGY FINANCING- MEMO SEEN BY REUTERSReuters
Wed, Jul 16
US aid workers lobbied for weeks to save food stocks from destruction after Trump cuts
622 tonnes of biscuits saved, 496 tonnes to be destroyedWasted food aid to be incinerated or go to landfillUS says biscuits purchased as a contingency beyond projections under former administrationBy Ammu Kannampilly, Jonathan Landay and Jessica Donati July 16 (Reuters) - With 1,100 tonnes of eme...Reuters
Wed, Jul 16
UK's Coats Group to buy footwear insole maker OrthoLite for $770 million
July 16 (Reuters) - British thread manufacturer Coats Group COA.L said on Wednesday it would buy U.S.-based footwear insole maker OrthoLite for $770 million, including debt.The deal is expected to deliver $20 million in annual savings by 2028, Coats said.OrthoLite holds a 36% share of the global ope...Reuters
Wed, Jul 16
US House Republicans to meet with Fed's Powell, Semafor reports
WASHINGTON, July 16 (Reuters) - Republicans on the House Financial Services Committee are expected to meet with Federal Reserve Chairman Jerome Powell on Wednesday, a Semafor reporter said.The meeting will take place at 6 p.m. (2200GMT), the reporter said on X.Reuters
Wed, Jul 16
Trump says will live by Japan tariff letter, deal with India close
WASHINGTON, July 16 (Reuters) - President Donald Trump said on Wednesday the U.S. will probably "live by the letter" with Japan and maybe have another deal coming up with India."We have some pretty good deals to announce," he said. "The big one really is going to be on the 150 co...Reuters
Wed, Jul 16
Trendyol, Baykar CEO, ADQ and Ant International to develop fintech platform in Turkey
ANKARA, July 16 (Reuters) - Turkey's Trendyol Group, Baykar CEO Haluk Bayraktar, Abu Dhabi’s sovereign fund ADQ and Ant International have agreed to explore a potential joint fintech venture offering digital financial services in Turkey, the companies said on Wednesday.The four parties signed a ...Reuters
Wed, Jul 16
US military says Yemeni force seized Iranian arms shipment bound for Houthis
July 16 (Reuters) - The U.S. Central Command (CENTCOM) said in a post on X on Wednesday that a military group known as the Yemeni National Resistance Forces (NRF) seized a 'massive' Iranian weapons shipment bound for Houthi militants.The NRF is an anti-Houthi force in Yemen led by Tarek Sale...Reuters
Wed, Jul 16
Trump says Iran wants to negotiate but he is in no rush
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump on Wednesday said Iran wants to negotiate with the United States, but he is in no rush to talk."They want to negotiate badly. We're in no rush," Trump told reporters at the White House during a meeting with the leader of Bahrain...Reuters
Wed, Jul 16
XAI in talks to lease data center capacity in Saudi Arabia, Bloomberg News reports
July 16 (Reuters) - Elon Musk's xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported on Wednesday, citing people familiar with the matter.The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigaw...Reuters
Wed, Jul 16
CORRECTED-US military says Yemeni forces seized Iranian arms shipment bound for Houthis
July 16 (Reuters) - The U.S. Central Command (CENTCOM) said in a post on X on Wednesday Yemeni forces seized a 'massive' Iranian weapons shipment bound for Houthi militants.Yemeni forces "seized over 750 tons of munitions and hardware to include hundreds of advanced cruise, anti-ship, an...Reuters
Wed, Jul 16
US FAA not considering replacing L3Harris, Verizon contracts with Musk's Starlink
WASHINGTON, July 16 (Reuters) - The Federal Aviation Administration told lawmakers it is not considering replacing its current telecommunication contracts it holds with L3Harris LHX.N or Verizon Communications VZ.N with Elon Musk's SpaceX's Starlink satellite unit."The FAA is not aware o...Reuters
Wed, Jul 16
US sells $65 billion in 17-week bills at high rate of 4.23 pct
NEW YORK, July 16 (Reuters) - The U.S. Treasury's auction on Tuesday of $65 billion in 17-week or 119-day bills yielded a high rate of 4.23%, awarding 80.3% of bids at that rate, according Treasury data.The bill saw a bid-to-cover ratio, a gauge of demand, of 3.02.Reuters
Wed, Jul 16
