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WASHINGTON (Reuters) -Meta said on Friday it was rolling back some restrictions that had applied to former U.S. President Donald Trump’s Facebook and Instagram accounts. The social media company indefinitely suspended Trump’s accounts following his praise of people who stormed the U.S. Capitol on Jan. 6, 2021. The company then reinstated his accounts in early 2023, saying it would monitor Trump’s posts for further violations that could result in another suspension of between one month … Read more…

WASHINGTON (Reuters) -Billionaire Elon Musk has donated to a political group working to elect former U.S. President Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate how much Musk donated but added it was “a sizable amount” given to a group called America PAC. Bloomberg reported that the PAC – a group that can receive unlimited contributions for political activity – is next required to disclose its list of donors on … Read more…

LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king unveiling the legislative programme of the new Labour Government. Don’t race off for that summer break just yet. Here’s what to expect in the week ahead for world markets from Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam, Li Gu in Shanghai, … Read more…

By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -The United States on Thursday announced a new security package for Ukraine worth $225 million, which includes a Patriot missile battery, additional ammunition for high-mobility artillery rocket systems and missiles, among other items. WHY IT’S IMPORTANT Washington, Ukraine’s biggest supporter, has provided more than $50 billion in military aid since 2022 when the Russian invasion began. But U.S. military aid was delayed in Congress for months over … Read more…

WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to $347 billion, the Treasury Department said on Thursday. The Treasury said that the $66 billion June deficit nominally fell 71% from the $228 billion deficit recorded in June 2023. Without the June calendar adjustments in both years, the Treasury said the June 2024 … Read more…