By Alexander Ratz BERLIN (Reuters) – German Foreign Minister Annalena Baerbock on Wednesday described parts of her recent trip to China as “more than shocking” and said Beijing was increasingly becoming a systemic rival more than a trade partner and competitor. The blunt remarks followed Baerbock’s visit to Beijing last week where she warned that…
By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox…
NEW DELHI (Reuters) – South Asia is home to highest number of child brides in the world as increased financial pressures and school closures due to COVID-19 forced families to marry off their young daughters, according to new estimates released by UNICEF on Wednesday. There were 290 million child brides in the region, accounting for…
(Reuters) – Walt Disney World said on Wednesday it would break ground next year on a planned affordable housing development in Central Florida. The unit of Walt Disney Co said it plans to provide 1,400 housing units on 80 acres (32.4 hectares) of land “a few miles away” from the Magic Kingdom and near schools…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “Inflation is still…
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres will convene envoys on Afghanistan from various countries next month to work on a unified approach to dealing with the Taliban authorities, the United Nations said on Wednesday. The closed-door meeting in Doha on May 1-2 was announced after U.N. Deputy Secretary-General Amina Mohammed suggested…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to economists in a Reuters poll, which also showed a short and shallow recession this year was likely. Worries about an…
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) should alter its massive monetary stimulus even though it may be painful for an economy accustomed to decades of ultra-low interest rates, the country’s former top currency diplomat Rintaro Tamaki said. New BOJ Governor Kazuo Ueda currently has the “momentum” needed…
By Alasdair Pal SYDNEY (Reuters) – Australia on Thursday released its review of the Reserve Bank of Australia, the first external review of the central bank and the operation of monetary policy in four decades. The report made 51 recommendations, including moving to a clearer monetary policy framework and greater accountability. Here are the key…
By Richard Cowan and Andy Sullivan WASHINGTON (Reuters) -Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation’s debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing….
