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By Tatiana Bautzer NEW YORK, May 5 (Reuters) – Citigroup will unveil medium-term profitability targets at its investor day on Thursday, highlighting improvements in expenses and revenue from its multi-year overhaul, while betting on artificial intelligence to drive growth in its wealth business, CEO Jane Fraser said in an interview. Citi is concluding a large reorganization that reduced its size, focusing on fewer businesses and cutting management layers. “We will […]

MANILA, Philippines (AP) — Japanese Defense Minister Shinjiro Koizumi traveled to the Philippines on Tuesday to witness an international combat drill and conduct talks with Philippine President Ferdinand Marcos Jr. intended to broaden defense ties between the nations, officials said. Koizumi’s meeting in the capital Manila with Marcos and Defense Secretary Gilberto Teodoro Jr. may include discussion of a possible transfer of used Japanese destroyers to the Philippines. The Philippines […]

MOSCOW, May 5 (Reuters) – Russia cut off mobile internet services to many customers in Moscow on Tuesday ahead of the May 9 annual parade celebrating victory over Nazi Germany that has been scaled back due to the threat of drone attacks from Ukraine, Reuters reporters said. Russia has this year cracked down on the internet, blocking mobile services and forcing millions to turn to VPNs as part of what […]

By Mark Trevelyan May 5 (Reuters) – Two Russian physicists involved in research underpinning the development of hypersonic missiles have been found guilty of treason and sentenced to 12-1/2 years each in a penal colony, state media reported on Tuesday. The trial of Valery Zvegintsev and Vladislav Galkin was the latest in a series of treason cases against scientists researching super-high flight speeds. President Vladimir Putin has boasted that Russia […]

VATICAN CITY, May 5 (Reuters) – U.S. Secretary of State Marco Rubio’s meeting with Pope Leo on Thursday will include a “frank conversation” about Trump administration policies, the U.S. ambassador to the Holy See said on Tuesday. “Nations have disagreements, and I think one of the ways that you work through those is … through fraternity and authentic dialogue,” Brian Burch said. “I think the Secretary is coming here in […]

LONDON, May 5 (Reuters) – Britain on Tuesday announced sanctions against 35 people and entities it said were involved in recruiting vulnerable migrants to fight for Russia in its war in Ukraine and produce drones for use in the conflict. The Foreign Office announced 17 designations under its global irregular migration sanctions regime, relating to what it said were trafficking networks facilitating the travel of people to be sent “to […]

By Krisztina Than and Anita Komuves BUDAPEST, May 5 (Reuters) – One of Hungary’s top media players, whose companies have benefited from lucrative state contracts under the outgoing government, has offered to hand over his firms and some of his investments to the state as the new government takes over. Gyula Balasy, owner of several top media companies that have designed government campaigns for over a decade, made the shock […]

By Alexander Marrow LONDON, May 5 (Reuters) – Global dairy companies and food producers are investing heavily to meet soaring demand for protein-rich whey, driven by a surge in the use of weight-loss drugs and healthier eating trends. Whey, a by-product of cheese-making which is traditionally used as pig feed, is an essential component of the food products now targeting consumers looking to prevent muscle loss. Data from StoneX consultancy […]

STOCKHOLM, May 5 (Reuters) – The Swedish government said on Tuesday it was moving ahead with plans for a new foreign intelligence agency after past criticism that security officials failed to predict Russia’s 2022 invasion of Ukraine despite signs of a military build-up. Creating a new civilian agency for foreign intelligence, reporting directly to the government, had been proposed in a public investigation and given an initial go-ahead last year. […]