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Israel to be involved in Gaza security, not aid distribution, US envoy says
JERUSALEM, May 9 (Reuters) - Israel and Hamas will not be involved in Gaza aid distribution but Israel will take part in providing security, U.S. ambassador to Israel Mike Huckabee said on Friday.Israel cut most aid supplies into Gaza after the start of the Israel-Hamas war in October 2023. It let m...Reuters
3 minutes ago
Former Aviva CEO Wilson to lead IHC's $1 billion Abu Dhabi reinsurer launch
By Ryan HewlettMay 9 - (The Insurer) - International Holding Company (IHC) is launching a $1 billion reinsurance start-up with asset managers BlackRock and Lunate with former Aviva plc CEO Mark Wilson appointed to lead the venture.IHC partners with BlackRock and Lunate to launch reinsurance venture ...Reuters
4 minutes ago
New Gaza aid plans would increase children's suffering, UNICEF says
GENEVA, May 9 (Reuters) - The United Nations Children's Fund on Friday criticized emerging plans to take over distribution of humanitarian aid in Gaza on Thursday floated by both Israel and the United States, saying that they would increase suffering for children and families.The U.S. State Depa...Reuters
6 minutes ago
South Korea court clears way for new conservative party candidate amid dispute
By Ju-min Park SEOUL, May 9 (Reuters) - A Seoul court on Friday ruled the main conservative party could hold another convention to agree a presidential candidate amid a bitter dispute over who should represent the party in the June 3 election.With the presidential election less than a month away,...Reuters
9 minutes ago
EU's von der Leyen: Will only go to the White House to negotiate a tariffs solution
BRUSSELS, May 9 (Reuters) - European Commission President Ursula von der Leyen said on Friday she would only go to the White House for "a solution" on trade tariffs, reacting to a question related to President Donald Trump having called her Thursday a "fantastic person"."I think ...Reuters
14 minutes ago
India's telecom regulator recommends allotting satellite spectrum for five years
May 9 (Reuters) - India's telecom regulator has recommended allotting satellite spectrum for commercial communication services for five years, it said on Friday, adding that the government may extend this for a further two years. The Telecom Regulatory Authority of India (TRAI) has been working ...Reuters
14 minutes ago
U.S.-UK Talks Pave the Way: What Will Be Discussed in the China-U.S. Trade Negotiations That Could Impact Half the World?
TradingKey – After the U.S. and the UK reached the first tariff agreement in the Trump 2.0 trade-war era, the world’s eyes now turn to the China-U.S. trade talks. Despite the UK leading the charge, uncertainties still loom over the China-U.S. negotiation.TradingKey
14 minutes ago
Russia says Ukraine keeps trying to breach border
MOSCOW, May 9 (Reuters) - Ukrainian troops have made further attempts to breach the Russian border in the Kursk and Belgorod regions, Interfax news agency reported on Friday, citing the Russian Defence Ministry.It said the attacks occurred during a three-day ceasefire that Russia has unilaterally de...Reuters
17 minutes ago
'Diddy' trial is highest-profile case so far for new unit of civil rights prosecutors
Civil rights unit formed to address hate crimes, sex traffickingCombs pleaded not guilty to sex trafficking chargesProsecutors specialize in sensitive cases, aiding victim cooperationBy Luc Cohen NEW YORK, May 9 (Reuters) - The sex-trafficking trial of Sean "Diddy" Combs, which kicks off ...Reuters
17 minutes ago
Sean 'Diddy' Combs jury to be seated in hip-hop mogul's sex trafficking trial
Combs pleads not guilty to racketeering, sex traffickingTwelve jurors and six alternates to be chosen Judge questioned nearly 100 prospective jurors By Jack Queen and Luc Cohen NEW YORK, May 9 (Reuters) - A jury of 12 New Yorkers is due to be chosen on Friday in the racketeering and sex trafficki...Reuters
17 minutes ago
US-UK deal 'good news' but tariffs still higher, Bank of England governor says
By David Milliken LONDON, May 9 (Reuters) - Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month.Before details of the de...Reuters
18 minutes ago
Germany's Merz: I worry about rising debt levels worldwide
BERLIN, May 9 (Reuters) - German Chancellor Friedrich Merz said one reason for his reluctance to countenance joint EU debt issuance to finance military spending was that he was concerned about rising state indebtedness not only in Europe, but worldwide.While the EU could raise money by issuing commo...Reuters
18 minutes ago
Nippon Steel expects profit to drop 43% this year, US Steel decision by early June
US tariffs may have a significant indirect impact on earningsNippon's full buyout bid remains starting point in talks with US Expects CFIUS recommendation by May 21, presidential decision by June 5By Yuka Obayashi and Katya Golubkova TOKYO, May 9 (Reuters) - Nippon Steel 5401.T expects net pr...Reuters
19 minutes ago
IAG orders 71 long-haul jets split between Airbus and Boeing
IAG to place order for 53 new long-haul aircraftDiscloses order of 18 aircraft from MarchNews comes a day after Britain, US announce trade dealBy Chandini Monnappa and Joanna Plucinska May 9 (Reuters) - British Airways owner IAG ICAG.L on Friday unveiled plans to buy 71 long-haul aircraft from Ai...Reuters
26 minutes ago
Bund yields rise to multi-week highs on trade hopes
UK-US trade deal spurs optimism for tariff de-escalationUS-Chinese officials to hold talks this weekendEuro zone growth environment worsening - Finnish central bankerBy Stefano Rebaudo May 9 (Reuters) - German Bund prices fell on Friday, pushing yields higher, as investors moved away from safe-ha...Reuters
26 minutes ago
PSC trims BP Marsh stake following Ardonagh takeover
By Ryan HewlettMay 9 - PSC Insurance Group is to offload part of its near 20% shareholding in London-listed venture capital investor BP Marsh in an accelerated process which comes shortly after the Australian intermediary was acquired by private equity backed Ardonagh Group.Australian intermediary P...Reuters
30 minutes ago
Frontera Energy Corp Announces Its Intention To Commence A $65 Million Substantial Issuer Bid
May 9 (Reuters) - Frontera Energy Corp FEC.TO:FRONTERA ENERGY CORP: ANNOUNCES ITS INTENTION TO COMMENCE A $65 MILLION SUBSTANTIAL ISSUER BIDFRONTERA ENERGY CORP: CONFIDENT IT WILL MEET ITS FULL YEAR AVERAGE PRODUCTION GUIDANCE OF 41,000 - 43,000 BOE/DFRONTERA ENERGY CORP QTRLY EARNINGS PER SHARE 34 ...Reuters
31 minutes ago
Deals of the day-Mergers and acquisitions
May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:** British property company LondonMetric LMPL.L is to buy Urban Logistics SHED.L in a 698.9 million pound ($924.99 million) cash and stock deal, creating one of the country's largest pro...Reuters
32 minutes ago
With Xi at his side, Putin marks WW2 victory as Ukraine war grinds on
Putin and Xi attend Red Square paradeSoviet Union lost 27 million people in WW2Putin praises Western Allies' contributionUkraine war calmer amid Russian ceasefire Trump calls for 30-day ceasefire By Dmitry Antonov and Guy Faulconbridge MOSCOW, May 9 (Reuters) - Russia marked the 80th annivers...Reuters
33 minutes ago
Pope Leo hopes to bring light to "dark nights of this world"
VATICAN CITY, May 9 (Reuters) - Pope Leo said on Friday he hoped that his election can help the Catholic Church bring light to the "dark nights of this world" as he delivered his first Mass since being elected on Thursday.Leo, the first pope from the U.S., told cardinals in the Sistine Chape...Reuters
36 minutes ago
Panasonic to cut 10,000 jobs, expects $900 million in restructuring costs
TOKYO, May 9 (Reuters) - Panasonic Holdings 6752.T said on Friday it will cut 10,000 staff and expects to book restructuring costs of 130 billion yen ($896.06 million) this business year as part of an overhaul of the company.The electronics manufacturer will make the staff cuts mainly in the current...Reuters
42 minutes ago
BA owner IAG almost triples first-quarter operating profit to beat expectations
IAG maintains 2025 outlook despite economic uncertaintySoftness in US economy cabin bookings offset by premium demandShare price has been climbing since early AprilBy Joanna Plucinska and Shashwat Awasthi May 9 (Reuters) - British Airways owner IAG ICAG.L reported better than expected first-quart...Reuters
44 minutes ago