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FRANKFURT, June 16 (Reuters) – Germany has officially rejected UniCredit’s offer to buy Commerzbank shares, the country’s finance agency said on Tuesday, citing a low price and concerns about the Italian bank’s “aggressive approach”. The government holds a 12% stake in Commerzbank and has long objected to UniCredit’s efforts to take over one of Germany’s top lenders. “Accepting the offer was already not an option from a financial point of […]

VILNIUS, June 16 (Reuters) – Lithuania’s ruling Social Democrat party said on Tuesday that its chair Mindaugas Sinkevicius plans to become prime minister, replacing Inga Ruginiene of the same party who held the position since last year. “Mindaugas Sinkevicius is ready to assume full responsibility for the formation of the new Government and serve as Prime Minister”, Lithuania’s Social Democrat Party said in a Facebook social post on Tuesday. The […]

SHANGHAI, June 16 (Reuters) – China’s digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient cross-border payments and advance global adoption of the Chinese currency. • The international operation centre of the digital yuan was established and managed by the People’s Bank of China. • The agreement will allow participants to join the Cross-border e-CNY Transfer Services, or […]

PARIS, June 16 (Reuters) – French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services. • The French government will create a public health chatbot for state-owned health insurance Ameli agency. • Create a new platform to make access to public data easier. • “We can either be subjected […]

June 16 (Reuters) – The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war. The hike was the first since December and aligns the BOJ with other central banks shifting towards tighter policy to combat inflation, including the European Central Bank. Following are […]

MOSCOW, June 16 (Reuters) – A Ukrainian drone attack damaged a facility at the Moscow oil refinery owned by Russia’s Gazpromneft, Moscow Mayor Sergei Sobyanin said on Tuesday. “There were no casualties. Emergency services are working at the scene,” Sobyanin wrote on Telegram. Sobyanin did not say whether the refinery’s operations have been affected. The plant, the biggest in the Moscow region, processed 11.6 million tons of oil, producing 2.9 million […]

By Steve Holland, Parisa Hafezi and Maayan Lubell EVIAN-LES-BAINS, France/DUBAI/JERUSALEM, June 16 (Reuters) – Doubts swirled around the U.S.-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered. U.S. President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed […]

By Ann Wang NEW TAIPEI, Taiwan, June 16 (Reuters) – Taiwan President Lai Ching-te said on Tuesday he would “not give up” on increasing defence spending, after the island’s opposition-majority parliament last month passed just two-thirds of a $40 billion supplementary budget. Taiwan’s government is prioritising drones and other asymmetric systems for its military modernisation programme but parliament only signed off on the purchase of U.S. weapons. It vetoed funds […]

CHICAGO (AP) — Pete Crow-Armstrong put his name in the Chicago Cubs’ record book next to Hall of Fame slugger Hack Wilson — and then nearly ruined the celebration at Wrigley Field. Crow-Armstrong completed the first cycle by a major leaguer this season with a seventh-inning single Monday night, then was promptly picked off first base by Colorado Rockies reliever Brennan Bernardino in a one-run game. “My excitement was a […]