Biden cheers Finland, Sweden NATO plans as Turkey balks

Biden cheers Finland, Sweden NATO plans as Turkey balks

WASHINGTON, May 19 (Reuters) – President Joe Biden met with the leaders of Finland and Sweden at the White House on Thursday to offer robust US support for their applications to join NATO, while Turkey threatened to block the Nordic nations from becoming members of the alliance. Biden, who has rallied the West to stand … Read more

US labor market in spotlight as weekly jobless claims hit 4-month high

US labor market in spotlight as weekly jobless claims hit 4-month high

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, US, September 3, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase 21,000 to 218,000 Continuing claims drop 25,000 to 1,317 million Mid-Atlantic factory … Read more

Ukraine prosecutor seeks life sentence for Russian soldier in war crimes trial

Ukraine prosecutor seeks life sentence for Russian soldier in war crimes trial

KYIV, May 19 (Reuters) – A Ukrainian state prosecutor asked a court on Thursday to sentence a Russian soldier to life in prison for killing an unarmed civilian in the first war crimes trial arising from Russia’s Feb. 24 invasion. Vadim Shishimarin, a 21-year-old Russian tank commander, asked widow Kateryna Shelipova to forgive him for … Read more

Melvin Capital to shut down after heavy losses on meme stocks, market slump

May 18 (Reuters) – Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, … Read more

Massachusetts first identifies 2022 US case of monkeypox infection

An electron microscopic (EM) image shows mature, oval-shaped monkeypox virus particles as well as crescents and spherical particles of immature virions, obtained from a clinical human skin sample associated with the 2003 prairie dog outbreak in this undated image obtained by Reuters on May 18, 2022. Cynthia S. Goldsmith, Russell Regnery / CDC / Handout … Read more

World oceans at most acidic level in 26,000 years, climate report warns

May 18 (Reuters) – The world’s oceans grew to their warmest and most acidic levels on record last year, the World Meteorological Organization (WMO) said on Wednesday, as United Nations officials warned that war in Ukraine threatened global climate commitments. Oceans saw the most striking extremes as the WMO detailed a range of turmoil wrought … Read more

‘I mean Ukraine’: Former US President George Bush calls Iraq invasion ‘unjustified’

WASHINGTON, May 19 (Reuters) – Former US President George W. Bush mistakenly described the invasion of Iraq as “brutal” and “unjustified” before correcting himself to say he meant to refer to Russia’s invasion of Ukraine. Bush made the comments in a speech during an event in Dallas on Wednesday, while he was criticizing Russia’s political … Read more

Shares slide as global growth fears mount

FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS / Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, May 19 (Reuters) – Asian stocks slid on Thursday, tracking a steep Wall Street … Read more

Tesla’s Musk says he ‘can no longer support’ Democrats, ‘will vote Republican’

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, May 18 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk said on Wednesday that while … Read more

Biden invokes Defense Production Act to increase infant formula supply

WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed US agencies to use Defense Department commercial aircraft to … Read more