×

Wires

  • WASHINGTON— Why are Republicans struggling mightily to reach a consensus on how to overhaul the nation's tax system? The GOP is supposed to be really good at cutting taxes. After weeks of private negotiations, the White House and congressional Republicans still don't agree on exactly what they want to accomplish.

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster centre-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fuelled by EU-imposed austerity policies and the waves of migrants...

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster center-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fueled by EU-imposed austerity policies and the waves of migrants...

  • LONDON— Britain's government is urging local officials across the country to submit samples of tower block cladding "as a matter of urgency" after tests found that all cladding samples so far have failed fire safety tests. The national testing was ordered after a June 14 fire engulfed Grenfell Tower in London, killing at least 79 people. Officials at Camden...

  • FRANKFURT, Germany— The global economy has picked up and prospects for the next few months are the best in a long time. But the recovery is maturing and faces risks from populist rejection of free trade and from high debt that could burden consumers and companies as interest rates rise. Those were key takeaways from a review of the global economy released Sunday by...

  • *Central banks should begin process of normalisation- BIS. LONDON, June 25- Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognising that some turbulence in financial markets will have to be negotiated along the way. "Since we are now emerging from a very long period of very...

  • LONDON, June 25- Although a better economy is helping global banks to turn the corner a decade after the financial crisis began, euro zone lenders remain a dampener on the sector's recovery, the Bank for International Settlements said on Sunday. Euro zone authorities had to intervene in struggling Spanish bank Banco Popular earlier this month, and face pressure...

  • UNWINDING OF QE PROGRAMMES AND LOW RATES WILL BECOME MORE DIFFICULT IF LEFT TOO LATE- BIS.

  • SHORT-TERM MARKET TURBULENCE INEVITABLE, SAYS BIS.

  • BANK FOR INTERNATIONAL SETTLEMENTS SAYS CENTRAL BANKS SHOULD BEGIN PROCESS OF NORMALISATION.

  • INFLATION IS NOT REPRESENTING HOW MAJOR ECONOMIES ARE RUNNING -BIS.

  • BIS POSTS FULL-YEAR NET PROFIT OF $1.124 BLN; BALANCE SHEET TOTALS $329 BLN.

  • INFLATION IS NOT REPRESENTING HOW MAJOR ECONOMIES ARE RUNNING -BIS.

  • JOHANNESBURG, June 25- Around 1,000 workers at sugar producer Illovo are set to go on strike over wages and other benefits after talks with employers broke down, the trade union representing the staff said on Sunday. Illovo is a wholly-owned subsidiary of London- listed Associated British Foods and operates in South Africa, Mozambique, Tanzania, Malawi, Zambia...

  • BERLIN, June 25- German Chancellor Angela Merkel's conservatives widened their lead over the Social Democrats to 15 points in a weekly opinion poll by the Emnid institute published on Sunday, three months before the Sept. 24 election. The SPD had surged from 16 points behind the CDU/CSU in mid-January to a 33-32 lead in mid-February after nominating Martin...

  • June 25- The emir of Qatar met with Exxon Mobil Corp chairman and CEO Darren Woods in Doha on Saturday for talks on "cooperation," state news agency QNA reported, following a rift between four Gulf states and Qatar that has raised worries about energy supplies. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on Monday cut ties with Qatar, accusing the country...

  • TIRANA, June 25- Albanians were voting in a parliamentary election on Sunday with the ruling Socialists and rival Democrats seeking a majority to push through judicial reforms vital for membership of the European Union. The race pits Socialist Prime Minister Edi Rama against the centre-right Democratic Party of Lulzim Basha. Polls opened at 7 a.m. on what is...

  • Centre-right candidates backed by the anti-immigrant Northern League and Silvio Berlusconi's Forza Italia party won a strong showing in the first round, and were ahead in 13 of the 22 provincial capitals going to a run-off. The national parliamentary election must be held by May 2018 but the broad coalition backing Prime Minister Paolo Gentiloni is fragile...

  • TIRANA, June 25- Albanians vote in a hotly fought parliamentary election on Sunday with the ruling Socialists and rival Democrats both setting their sights on an outright majority to push through judicial reforms vital for future EU membership. Sunday's race pits incumbent Socialist Prime Minister Edi Rama against the centre-right Democratic Party of...

  • Center-right candidates backed by the anti-immigrant Northern League and Silvio Berlusconi's Forza Italia party won a strong showing in the first round, and were ahead in 13 of the 22 provincial capitals going to a run-off. The national parliamentary election must be held by May 2018 but the broad coalition backing Prime Minister Paolo Gentiloni is fragile...