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WASHINGTON (AP) — The interim deal between the U.S. and Iran is supposed to usher in a two-month period that would address the most divisive issue between the longtime adversaries — Tehran’s nuclear program. Preventing Iran from attaining a nuclear bomb is a key reason that President Donald Trump said he launched the war alongside Israel in February, but the tentative agreement he has trumpeted leaves little runway to negotiate […]

WASHINGTON (AP) — The Federal Reserve will enter the Kevin Warsh era Wednesday, as President Trump’s pick to lead the central bank oversees his first policy meeting and holds his first news conference. Yet Warsh isn’t expected to immediately usher in significant policy changes. The Fed is likely to keep its key rate unchanged Wednesday at about 3.6% for the fourth straight meeting, economists say. Fed policymakers could change their […]

By Andy Sullivan WASHINGTON, June 17 (Reuters) – Shortly after the U.S. and Israel launched airstrikes on Iran on February 28, U.S. President Donald Trump laid out a host of objectives, from destroying Iran’s ballistic missile capabilities to ensuring Tehran can never have a nuclear weapon. More than three months later, with a preliminary peace deal in place, what has Trump achieved? MISSILES AND DRONES Before the war, Iran held the […]

By Supantha Mukherjee and Leo Marchandon PARIS/STOCKHOLM, June 17 – Europe’s quest for technological sovereignty will dominate discussions at the G7 in France and the VivaTech conference in Paris this week, as policymakers and technology executives fret about American AI, with alternatives remaining scarce. The gatherings come days after the United States tightened restrictions on Anthropic’s most advanced AI models for foreign nationals, underscoring Europe’s vulnerability that political whims could […]

By Maggie Fick and Bhanvi Satija LONDON, June 17 (Reuters) – Global pharmaceutical companies, facing pushback from European capitals on drug pricing, are turning to a playbook that brought them recent success in Britain: threats of pulling investment and expansion plans to pressure policymakers. The latest target has been Germany, which is debating legislation to tighten spending on medicines. The industry notched a win in Britain when the government agreed […]

By Maki Shiraki TOYOTA CITY, Japan, June 17 (Reuters) – Toyota Motor shareholders re-elected Akio Toyoda as chairman and backed new CEO Kenta Kon as a board member on Tuesday, endorsing the automaker’s leadership at the first annual meeting held during Kon’s tenure. Shareholders also approved the re-election of four other directors.  The approvals highlight investor support for the course set out by the world’s top-selling automaker, which has seen […]

By Gabriel Araujo KANSAS CITY, Missouri, June 16 (Reuters) – With a dazzling hat-trick in Argentina’s 3-0 World Cup win over Algeria on Tuesday, the 38-year-old Lionel Messi vindicated coach Lionel Scaloni’s assertion on the eve of the match that he remains fundamental to the reigning champions. Exactly 20 years after netting his first World Cup goal, the eight-time Ballon d’Or winner again shaped the narrative, moving level with Miroslav […]

A look at the day ahead in European and global markets from Tom Westbrook Kevin Warsh wraps up his first Federal Open Market Committee meeting with tumbling oil prices and a tentative peace offering a helpful backdrop for leaving interest rates on hold, as traders expect. Market focus will be on how he votes, his news conference and how he navigates explaining the outlook. Warsh is not a fan of […]

KANSAS CITY, Mo. (AP) — As reigning champions Argentina returned to the World Cup stage Tuesday, there was no drive too long and no ticket too pricey for its most fervent fans. Three fans bicycled nearly 11,000 miles (17,700 kilometers) from South America to Kansas City, Missouri — without tickets in hand. One group drove 20 hours, living off sandwiches to save money. Daniel Otero, a 73-year-old attending his seventh […]