LONDON (Reuters) -British defence minister Ben Wallace said on Wednesday he did not expect to succeed Jens Stoltenberg as NATO secretary general, The Economist magazine reported. Stoltenberg is due to step down in September after nine years as secretary general of the military alliance but it has struggled to decide on a replacement ahead of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…
By Trevor Hunnicutt and Ryan Woo KENTFIELD, California/BEIJING (Reuters) -China hit back on Wednesday after U.S. President Joe Biden referred to President Xi Jinping as a “dictator”, saying the remarks were absurd and a provocation, an unexpected flare-up following attempts by both sides to reduce friction. Biden made his comments just a day after U.S….
OTTAWA (Reuters) – Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate….
By Michael S. Derby (Reuters) – Two Federal Reserve officials and a labor economist who aspires to join their ranks told U.S. senators on Wednesday that they will set policy based on data and the central bank’s official mandates, pushing back against some Republicans who suggested they might put personal politics first. When setting policy…
By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Initially partnering with British lender HSBC Holdings Plc in eight branches in Britain, Mastercard said banks…
By Daina Beth Solomon MEXICO CITY (Reuters) – Grupo Mexico said Wednesday it legally resumed operations at its San Martin mine in 2018 after a decade-long strike, countering a Mexican union that recently submitted a petition to U.S. labor officials over alleged worker rights violations. The U.S. government last week asked Mexico to investigate the…
OTTAWA (Reuters) – Canada and the Dominican Republic have agreed that Canada will coordinate assistance for Haiti by boosting staff at its embassies in Port-au-Prince and Santo Domingo, the countries said in a joint statement on Wednesday. The agreement settles a public dispute last week over a proposed Canadian office in Dominican territory that risked…
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada agreed that the need for further rate hikes would be determined by fresh economic data after it lifted rates to a 22-year high earlier this month, minutes from their policy meetings released on Wednesday showed. Analysts said the tone of the notes made…
