By Richard Cowan and Gram Slattery WASHINGTON (Reuters) -The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The Senate voted 63-36 to approve the bill that was passed on Wednesday by the House of Representatives,…
By David Shepardson WASHINGTON (Reuters) – Chinese airlines are avoiding flying over Russian airspace in newly approved flights to and from the United States, according to flight tracking website FlightAware and industry officials. Russia has barred U.S. airlines and other foreign carriers from flying over its airspace, in retaliation for Washington banning Russian flights over…
By Brendan O’Brien and Steve Gorman (Reuters) -Dev Shah, a 14-year-old boy from Largo, Florida, won the 2023 Scripps National Spelling Bee on Thursday, nailing the word “psammophile,” meaning an organism that thrives in sandy soils, in the 15th round of the contest’s finals. He edged out fellow eighth-grader Charlotte Walsh, 14, from Arlington, Virginia,…
By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer inflation eased for a fourth consecutive month in May to the lowest in 19 months but core inflation remained elevated, clouding views on whether the central bank may start to cut interest rates soon to boost economic growth. The consumer price index (CPI) rose 3.3% in May…
(Reuters) -Meta Platforms Inc on Thursday said it will begin tests on its social media websites Facebook and Instagram that will limit some users and publishers from viewing or sharing some news content in Canada. The testing period will run for several weeks, the social media giant said, adding that the minor percentage of Canadian…
(Reuters) – Former President Donald Trump and Florida Governor Ron DeSantis traded barbs on Thursday over who could most quickly fix the economy and reform government agencies as the battle between the top two Republican contenders grew increasingly acrimonious. Trump, who currently holds a large lead over DeSantis in a distant second in polls on…
By Kirsty Needham SYDNEY (Reuters) – Bank of China chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world’s fourth-largest bank seeks an operating licence in the Pacific Islands nation, which is seeking to boost China trade while expanding U.S. defence ties. U.S. Secretary of State Antony Blinken last week travelled to…
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday the central bank did not have a set time frame for achieving its 2% inflation target but that it would strive to hit it at the earliest date possible. Speaking in parliament, Ueda said the country’s trend inflation was likely…
SEOUL/TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki and South Korean Finance Minister Choo Kyung-ho will meet on June 29 in Tokyo for the next bilateral meeting, almost two months after the first talk between the two countries’ financial leaders in seven years. Japan’s top financial diplomat Masato Kanda and South Korea’s Deputy Minister for…
By Daniel Trotta (Reuters) – The state of Arizona on Thursday restricted future home-building in the Phoenix area due to a lack of groundwater, based on projections showing that wells will run dry under existing conditions. The action by the Arizona Department of Water Resources stands to slow population growth for the Phoenix Active Management…
