Explore

Reuters Reuters
Fitch warns AI market correction emerging as major global credit risk

Fitch warns AI market correction emerging as major global credit risk

By Marc Jones LONDON, July 28 (Reuters) - The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI spending may be running ahead of uncertain future returns.
Reuters Reuters
Peru's Fujimori takes power, extending Latin America's rightward tilt

Peru's Fujimori takes power, extending Latin America's rightward tilt

By Marco Aquino and Lucinda Elliott LIMA, July 28 (Reuters) - Keiko Fujimori will be sworn in as Peru's president on Tuesday, becoming the latest in a string of conservative leaders elected across Latin America by voters frustrated by crime, weak economic growth and political instability.
Reuters Reuters
BIS says AI boom risks clouding central banks' inflation signals

BIS says AI boom risks clouding central banks' inflation signals

By Marc Jones LONDON, July 28 (Reuters) - The artificial intelligence boom could make it significantly harder for central banks to judge the state of the economy and set interest rates, as the technology simultaneously boosts both demand and supply, the Bank for International Settlements said on
Reuters Reuters
Exclusive-Boeings identified in Reuters report carried weapons for Sudanese paramilitary, UN experts find

Exclusive-Boeings identified in Reuters report carried weapons for Sudanese paramilitary, UN experts find

By David Lewis, Reade Levinson and Alexander Dziadosz LONDON/CAIRO, July 29 (Reuters) - United Nations experts have found that Boeing 727s linked by Reuters to a U.S. military contractor's business network transported mercenaries, weapons and drones for Sudan's Rapid Support Forces, according to a
Reuters Reuters
Dollar hovers near four-week peak as markets mull Fed hike odds

Dollar hovers near four-week peak as markets mull Fed hike odds

By Medha Singh and Satoshi Sugiyama July 28 (Reuters) - The U.S. dollar steadied near a four-week high on Tuesday as traders assessed the possibility of a Federal Reserve interest rate hike this week, even as falling oil prices offered some relief on the inflation front.
Reuters Reuters
Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.
Reuters Reuters
Africa facing up to $20 billion economic hit from 'super' El Niño, AfDB climate chief warns

Africa facing up to $20 billion economic hit from 'super' El Niño, AfDB climate chief warns

By Simon Jessop and Marc Jones LONDON, July 26 (Reuters) - An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass migration from hard-hit areas, the African Development Bank's top climate expert told Reuters.
Reuters Reuters
Africa facing $10-$20 billion economic hit from 'super' El Niño, AfDB climate chief warns

Africa facing $10-$20 billion economic hit from 'super' El Niño, AfDB climate chief warns

By Simon Jessop and Marc Jones LONDON, July 26 (Reuters) - An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass migration from hard-hit areas, the African Development Bank's top climate expert told Reuters.
Rapid Read Rapid Read
Vivian Aisen Appointed Ambassador to Colombia as Israel Restores Diplomatic Ties

Vivian Aisen Appointed Ambassador to Colombia as Israel Restores Diplomatic Ties

Vivian Aisen has been appointed as Israel's ambassador to Colombia, marking a step towards restoring diplomatic relations between the two countries. This follows a period of severed ties due to Israel's military operations in Gaza. The appointment is part of Foreign Minister Gideon Sa'ar's efforts to strengthen Israel's relations with Latin America. The restoration process includes the opening of a Colombian embassy in Jerusalem and other joint initiatives. Aisen, previously ambassador to Macedonia, brings extensive diplomatic experience to her new role.
Rapid Read Rapid Read
Vivian Aisen Appointed as Israel's Ambassador to Colombia Amid Diplomatic Restoration

Vivian Aisen Appointed as Israel's Ambassador to Colombia Amid Diplomatic Restoration

Vivian Aisen has been appointed as Israel's new ambassador to Colombia, marking a significant step in restoring diplomatic relations between the two countries. This appointment is part of Foreign Minister Gideon Sa’ar’s broader initiative to renew ties with Colombia and strengthen Israel's relationships across Latin America. Aisen, who has previously served as ambassador to Macedonia and held various roles within Israel's Foreign Ministry, expressed her eagerness to assume her new duties. The diplomatic ties between Israel and Colombia were severed in May 2024 by Colombian President Gustavo Petro due to Israel's military operations in Gaza. However, with the upcoming inauguration of Colombia's new president, Abelardo de la Espriella, on August 7, both nations are set to fully restore their diplomatic relations. This includes the immediate appointment of ambassadors and the opening of a Colombian embassy in Jerusalem.
Reuters Reuters
Wildfires threaten Bordeaux as France and Spain battle blazes

Wildfires threaten Bordeaux as France and Spain battle blazes

By Manuel Ausloos and David Latona BORDEAUX/MADRID, July 26 (Reuters) - Wildfires advanced towards the outskirts of the historic French city of Bordeaux, at the heart of the country's winelands, on Sunday as France and Spain battled blazes that have already forced the evacuation of hundreds of
Reuters Reuters
Wildfires threaten Bordeaux as France, Spain battle blazes

Wildfires threaten Bordeaux as France, Spain battle blazes

By Manuel Ausloos and David Latona BORDEAUX/MADRID July 26 (Reuters) - Wildfires advanced towards the outskirts of the historic city of Bordeaux, at the heart of France's winelands, on Sunday as France and Spain battled blazes that have forced the evacuation of hundreds of thousands of people.