Why Makron? Biden’s state dinner highlights France’s appeal to the US

WASHINGTON, Nov 30 (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron during the first state visit from the White House on Thursday since the US Democrat took office in early 2021 is being celebrated by officials from both countries as a recognition of France’s status as America’s oldest ally. The visit also … Read more

A bomb is injured at the Ukrainian embassy in Madrid, Kiev steps up security

MADRID/KYIV, Nov 30 (Reuters) – A security officer at the Ukrainian embassy in Madrid was injured on Wednesday when he opened a letter bomb addressed to the ambassador. The letter, which arrived by regular mail and had not been scanned, caused “a very small wound” to one finger when the officer opened it in the … Read more

UPDATE1 ECB says Bitcoin is artificially backed and should not be legitimized

FRANKFURT, Nov 30 (Reuters) – Bitcoin is artificially backed and should not be legitimized by regulators or financial firms because it is more like gambling, the European Central Bank said on Wednesday. Bitcoin and other cryptocurrencies have been presented in various ways as an alternative form of money and a shield against the inflationary policies … Read more

South Korea scrambles fighter jets as fighter jets from China and Russia penetrate air defense zone

SEOUL, Nov 30 (Reuters) – The South Korean military said it scrambled warplanes when two Chinese and six Russian warplanes entered the air defense zone on Wednesday. The two Chinese H-6 bombers repeatedly entered and exited the Korea Air Defense Identification Zone (KADIZ) off the south and northeast coasts of South Korea from about 05:50 … Read more

COVID protests escalate in Guangzhou as lockdown fury boils in China

SHANGHAI/BEIJING, Nov 30 (Reuters) – People in Guangzhou’s Chinese manufacturing center clashed with riot police in white safety gear on Tuesday evening, videos posted on social media showed, as frustration over strict COVID-19 rules escalated three years after the pandemic. The clashes in the southern city marked an escalation of protests in the commercial hub … Read more

ECB warns of losses as it pays the price for ten years of money printing

FRANKFURT, Nov 29 (Reuters) – The European Central Bank on Tuesday warned it could lose money as high inflation forces it to raise interest rates and pay the bill for a decade of aggressive money printing. After raising interest rates to fight runaway prices, the ECB has to pay huge interest payments to commercial banks … Read more

Exclusive: The US and Russia have used their military hotline once so far during the war in Ukraine

WASHINGTON, Nov 28 (Reuters) – A communication line between the militaries of the United States and Russia at the start of Moscow’s war against Ukraine has so far been used only once, a US official told Reuters. The official, who spoke on condition of anonymity, said the United States has issued a call through the … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Russia’s war on Ukraine latest news: US helps Ukraine restore electricity

Nov 29 (Reuters) – The United States will announce new aid on Tuesday to help Ukraine restore electricity as its population faces another week of brutal cold and darkness after Russian attacks on the power grid caused continued blackouts. DIPLOMACY * A line of communication between the United States military and Russia at the start … Read more