WARSAW (Reuters) – Polish Defence Minister Mariusz Blaszczak said on Wednesday that Poland plans to launch a submarine purchase programme in 2023. Poland has increased military spending since Russia’s invasion of neighbouring Ukraine in February last year, with the government pledging to double the size of the army and spend 4% of GDP on defence…
SEOUL (Reuters) -South Korea cancelled the third flight of its homegrown space rocket on Wednesday because of technical problems hours before a launch that was meant to mark a significant step in its burgeoning space programme. South Korea is aspiring to be a key player in space technology, competing with its Asian neighbours. The technical…
BEIJING (Reuters) – The Asia-Pacific region does not welcome NATO’s plan to open a liaison office in Japan, Chinese foreign ministry spokesperson Mao Ning said at a press briefing on Wednesday, after Japan acknowledged NATO’s plan. “We want to say that the Asia-Pacific does not welcome group confrontation, does not welcome military confrontation,” Mao said….
NEW DELHI (Reuters) -India’s inflation has moderated, but lingering weather-related uncertainties still pose headwinds, the governor of the Reserve Bank of India said on Wednesday. “The war on inflation is not over, we have to remain alert,” Shaktikanta Das said at an event in New Delhi. “There is no room for complacency. We will have…
By Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese met Narendra Modi, his Indian counterpart, in Sydney on Wednesday to discuss regional security and economic ties and signed a migration deal to boost Indian student and business travel to Australia. The two leaders also discussed the impact of Russia’s conflict with Ukraine on developing…
By Andy Bruce LONDON (Reuters) -Britain’s high inflation rate fell by less than expected in April and a closely watched core measure of price growth surged to a 31-year high, according to official data that will cement bets on more Bank of England interest rate hikes. The consumer price index rose by 8.7% in annual…
By Sinead Cruise LONDON (Reuters) -Britain’s Competition and Markets Authority said on Wednesday it had provisionally found five major global banks allegedly broke UK competition law by exchanging sensitive information on government bond trading activities in one-to-one online chats. In a statement, the watchdog alleged Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of…
TAIPEI (Reuters) -Taiwan will weigh both inflation and economic growth when deciding on its next interest rate decision in June but the island’s economy may not rebound until the fourth quarter, central bank governor Yang Chin-long said on Wednesday. While Taiwan has followed major economies in raising interest rates to control inflation, it has done…
By Aaron Ross, James Pearson and Christopher Bing NAIROBI (Reuters) -Chinese hackers targeted Kenya’s government in a widespread, years-long series of digital intrusions against key ministries and state institutions, according to three sources, cybersecurity research reports and Reuters’ own analysis of technical data related to the hackings. Two of the sources assessed the hacks to…
(Reuters) -The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the Wall Street Journal reported on Wednesday. The FTC is looking into whether Abbott Laboratories and other formula manufacturers have “engaged in collusion or coordination with any other market participant regarding the bidding”, the WSJ report said,…
