(Reuters) -UBS expects copper prices to rise into next year, citing tightening supply from persistent mine disruptions and strong long-term demand from electrification and clean-energy investment, the bank said in a note on Friday. In its updated projections, UBS raised its March 2026 price forecast by $750 per metric ton to $11,500, increased its June…
FRANKFURT (Reuters) -It is too early for the European Central Bank to discuss another interest rate cut as inflation in the euro zone might still turn out higher than expected, ECB policymaker Martins Kazaks said on Thursday. The ECB halved its policy rate in the year to June as it watched price growth fall to…
(Corrects paragraph 18 to show the extension of the income tax threshold freeze is for three years, not two years) By Andy Bruce and David Milliken LONDON (Reuters) -British finance minister Rachel Reeves delivered a budget on Wednesday that will take more tax from workers, people saving for a pension and from investors to give…
By MacDonald Dzirutwe LAGOS (Reuters) -The families of Papiri had long called for security forces to protect their children at the school in northern Nigeria where more than 300 pupils were kidnapped by gunmen last week, in one of the country’s worst mass abductions. They say that no one came. “Neither the police, nor the…
By Daria Sito-Sucic BANJA LUKA/SARAJEVO, Bosnia (Reuters) -A close ally of Bosnia’s Serb Republic separatist leader Milorad Dodik won a snap presidential election in a tight race with opposition candidate, the election commission said on Sunday, citing preliminary results. “According to preliminary, unofficial and incomplete results, Sinisa Karan won 50.89% of the votes,” Jovan Kalaba,…
By Elizabeth Howcroft PARIS (Reuters) -S&P Global has downgraded its rating of the world’s largest stablecoin, Tether, citing an increase in higher-risk assets in the cryptocurrency’s reserves and “persistent gaps in disclosure”, the ratings agency said on Wednesday. S&P in 2023 created a new scale from 1 to 5, to assess the risk of various…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy wants airlines to ditch salty pretzels and calorie-laden cookies in favor of on-board healthier options. “I would love some better snacks. I would love a little healthier snack on the airplane,” Duffy said in an interview with Blaze News posted Tuesday, adding it would be…
(Reuters) -The U.S. Department of Energy on Thursday announced a reorganization of the agency that prioritizes oil and nuclear resources over offices that had been dedicated to renewables and efficiency. DOE published a new organizational chart alongside a brief statement saying the changes were aligned with President Donald Trump’s energy dominance agenda. The chart features…
NEW YORK (Reuters) -The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while expectations the Federal Reserve was unlikely to cut rates in December remained largely unchanged. Nonfarm payrolls increased by 119,000 jobs in September, after a downwardly…
By Kirsty Needham SYDNEY (Reuters) -Five Chinese research vessels, including ships used for space and missile tracking and underwater mapping, were active in the northwest Pacific last month, as the United States stepped up military exercises, data compiled by a Guam-based group shows. Rapid militarisation in the northern Pacific gets insufficient attention, says the Pacific…
