By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, the OECD said on Wednesday, the latest to flag the impact of monetary tightening. The world economy is set to grow 2.7% this year, the Organisation for…
By Daniel Trotta and Steve Gorman (Reuters) -A man armed with four handguns killed two people and wounded five others when he fired into a crowd outside a high school graduation ceremony in Richmond, Virginia, on Tuesday, police said. Police said they arrested one suspect, a 19-year-old man who knew one of the victims and…
By William Schomberg LONDON (Reuters) -The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead of the next national election expected in 2024, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday. The OECD raised its growth projections for Britain’s economy in its latest set of forecasts for…
By Joseph Ax and Eric Beech (Reuters) -Former New Jersey Governor Chris Christie on Tuesday launched his 2024 presidential campaign with a withering attack on the Republican front-runner, Donald Trump, calling him a “self-serving mirror hog” and faulting other rivals for avoiding direct confrontation. Christie, 60, was an adviser to Trump’s successful 2016 White House…
(Reuters) – A state of emergency has been imposed in Russian-controlled parts of Ukraine’s Kherson region following the destruction of the Nova Kakhovka dam and the flooding of large area, Russia’s TASS state news agency reported on Wednesday. The agency, citing emergency services, said about 2,700 houses were flooded after the destruction of the dam…
NEW YORK (Reuters) – The venture units of oil firms Saudi Aramco and Italy’s ENI have joined the world’s largest passenger carrier United Airlines to invest in British start-up OXCCU’s efforts to slash the prohibitively high cost of lower-carbon aviation fuel, the companies said on Wednesday. Aviation produces around 2% of the world’s planet-warming emissions…
AMSTERDAM (Reuters) – Inflation expectations in financial markets seem overly optimistic, increasing the risk of renewed stress if monetary policy needs to be tightened for longer to tame inflation, Dutch central bank chief Klaas Knot said on Wednesday. “Financial markets are extraordinarily optimistic and are expecting inflation to drop as fast as it rose. For…
TAIPEI (Reuters) – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of anaemic demand for the island’s tech products from China and global markets, with matters not expected to improve until the third quarter. Exports last month were down 14.1% in value on the year, at $36.13…
By Shreyashi Sanyal (Reuters) -Madrid stocks rose on Wednesday after Zara-owner Inditex’s strong quarterly showing, while its other European peers lagged as luxury companies dipped on weak China trade data. The pan-European STOXX 600 index edged 0.2% lower, while Spain’s IBEX 35 index gained 0.3%, in the first hour of trading. Inditex rose 5.6% after…
By Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is riding high in the polls to the alarm of mainstream parties and is on track to win three state votes in the east of the country with calls to stop migration and curb what it sees as a costly green agenda. AfD…
