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Yellen to face questions on Biden campaign exit, Trump at G20 finance meeting in Brazil
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen faces questions from G20 finance leaders this week over U.S. policy commitments after President Joe Biden dropped his re-election bid and as international angst grows about a potential return of Donald Trump to the White House.
Fed may be on cusp of emerging from 'elevated' inflation blues
WASHINGTON (Reuters) - In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and policymakers shifted from their more passive tone about inflation and began describing it as "elevated."
US Secret Service chief admits failure in Trump shooting, says she won't resign
WASHINGTON (Reuters) - U.S. Secret Service Director Kimberly Cheatle admitted to Congress on Monday that she and her agency failed when a would-be assassin wounded Republican presidential candidate Donald Trump, but rebuffed bipartisan calls to resign.
G20 finance ministers meet to seek consensus before US election
BRASILIA (Reuters) -Finance ministers and central bankers from the Group of 20 meet this week to seek consensus on economic policy ahead of the U.S. election, with plans to avoid discussion of the wars in Ukraine and Gaza to prevent them from dominating the talks.
GM, Ford profit may take a hit from cooling EV demand, US dealer software outage
(Reuters) - General Motors and Ford may post lower profit when they report quarterly results this week, as the industry's high-stakes bet on EVs fails to pay off, while a cyberattack on a crucial computer network used by dealerships disrupted sales.
Morning Bid: Biden bows out, election bets shift, China cuts
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. President Joe Biden's weekend withdrawal from the White House race can hardly be seen as a big surprise, but it adds some doubts to market bets that Republican challenger Donald Trump is a shoo-in in November's election.
Analysis-With no big deal safe, investment bankers move to safeguard fees
NEW YORK (Reuters) - Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators.
France to give 24-hour protection to Israeli Olympics team amid Gaza tensions
PARIS (Reuters) -Israeli athletes will receive 24-hour protection during the Paris Olympics, France's interior minister said, after a far-left lawmaker said Israel's delegation was not welcome and called for protests against their participation.
Kamala Harris raises nearly $50 million after Biden endorsement
(Reuters) - U.S. Vice President Kamala Harris has raised $49.6 million for her presidential campaign in less than a day after President Joe Biden dropped out of the race and endorsed her as the Democratic nominee, a campaign spokesperson for Biden said on Monday.
India court suspends order to restaurants to display owners' names after anti-Muslim bias concerns
NEW DELHI (Reuters) - India's top court ruled on Monday that restaurants cannot be forced to display the names of their owners, suspending police orders in two northern states that critics had said could foment discrimination against Muslims.
Spain's PM summoned as witness in wife's alleged corruption case
MADRID (Reuters) -A Spanish court on Monday summoned Prime Minister Pedro Sanchez to testify as a witness in an investigation into alleged corruption and influence peddling accusations against his wife that led him to consider resigning in April.
Korean Air set to order about 20 Boeing 777X jets, sources say
FARNBOROUGH, England (Reuters) - Boeing is set to announce on Monday an order for roughly 20 777X jets from Korean Air, in a boost to the U.S. planemaker’s long-delayed plane programme, two sources familiar with the matter said.
US opens probe into 150,000 Stellantis vehicles over loss of motive power
(Reuters) -The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday that it has opened a preliminary evaluation into about 150,000 Stellantis vehicles over reports of loss of motive power that is causing the engine to shut down, with intermittent ability to restart.
Republican senator urges defense firm CEOs to safeguard Spirit work
FARNBOROUGH, England (Reuters) - U.S. Senator Jerry Moran is urging the CEOs of major defense companies to ensure that work performed by Spirit AeroSystems will not be disrupted by Boeing's planned acquisition of the Kansas-based supplier.
Short of female free divers, Japanese sea festival turns to volunteers
MINAMIBOSO, Japan (Reuters) - Bearing torches that lit up the night as they swam out into the ocean, Japan's storied "ama" prayed for an abundant catch in a ceremony held by these female free divers for decades.
Ladbrokes owner Entain names former Scientific Games chief Gavin Isaacs as CEO
(Reuters) -Ladbrokes owner Entain on Monday named Gavin Isaacs, former CEO of betting group Scientific Games, as its new boss, aiming to bring stability to the British gambling company at a time when regulatory challenges are hurting its profit.
Japan ruling party executive urges BOJ to clarify rate-hike resolve, Nikkei says
TOKYO (Reuters) - The Bank of Japan should more clearly indicate its resolve to normalise monetary policy, including through steady interest rate hikes, senior ruling party official Toshimitsu Motegi was quoted as saying by the Nikkei newspaper on Monday.
India sends 100 antitrust queries for Reliance, Disney $8.5 billion merger, sources say
NEW DELHI (Reuters) - India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
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