Indian Prime Minister Narendra Modi arrives Bharatiya Janata Party headquarters. June 4, 2024. REUTERS/Adnan Abidi |
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ELECTIONS AROUND THE WORLD |
- India's Narendra Modi was formally elected by lawmakers of his National Democratic Alliance to be prime minister for a historic third consecutive term, as the world's most populous nation returns to government by coalition.
- Republican presidential candidate Donald Trump's current VP short list is nearly all men, according to nine people who have talked with Trump or his team in recent weeks, including donors, lobbyists and campaign operatives.
- South Africa's African National Congress will invite other political parties to form a national unity government, its leader President Cyril Ramaphosa said, after it lost its majority for the first time in the democratic era.
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- Investors are scouring US credit card spending patterns to size up which trends could give specialty retailers a boost in the summer months. Recent quarterly results from retailers show shoppers are selectively buying non-essential, nice-to-have products.
- European Central Bank policymakers warned that the final stage of pushing inflation down to 2% could be especially hard but said they were confident that policy was working as intended, while some even saw room to ease policy further in 2024.
- AbbVie's top-selling arthritis drug Humira has held onto more than 80% of patients after facing nine lower-priced rivals in the US in the last year, raising questions about whether the market for prescription biosimilars can survive in its current form, drug pricing experts and analysts say.
- GameStop's shares surged more than 30% in premarket trading as investors geared up for the YouTube return of "Roaring Kitty", the stock influencer whose recent social media posts have sparked a rally in so-called meme stocks.
- The boom in artificial intelligence will increase banks' dependence on big US tech firms, creating new risks for the industry, European banking executives said.
- Germany is looking into buying eight additional F-35 fighter jets made by US defense giant Lockheed Martin, a military source told Reuters, on top of the 35 jets it has ordered.
- Autonomy founder Mike Lynch was acquitted of fraud by a jury in San Francisco, a major win for the entrepreneur who has been dogged by legal problems since the disastrous sale of his company to Hewlett-Packard for $11 billion in 2011.
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Despite fears in Europe, no migrant surge after Niger junta scrapped ban |
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Sybil Esth, a Sierra Leonean migrant, repatriated from Algeria six months ago, looks on while holding her child in Agadez, Niger, April 23, 2024. REUTERS/Stringer |
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Niger's military leaders in November scrapped a European Union-backed law that criminalized people who aided migrants. Since then, weekly convoys of Nigerien security forces headed northward, instead of taking circuitous routes through the desert to avoid detection. Migrant flows have sharply risen since the law was overturned, triggering alarm in Europe. |
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A woman with a rifle shops in a bakery in Tel Aviv. June 4, 2024. REUTERS/Marko Djurica |
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See a selection of our top news photography from around the world this week. |
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