By Nevzat Devranoglu and Huseyin Hayatsever ANKARA (Reuters) -Turkey’s lira plunged 7.6% to a record low on Wednesday in its biggest selloff since the historic 2021 crash, and traders called it a “strong signal” that Ankara is moving away from state controls toward a freely traded currency. The lira has come under increasing pressure since…
By Gul Yousafzai QUETTA, Pakistan (Reuters) -Pakistani police on Wednesday formally named former Prime Minister Imran Khan in connection with the murder by unknown gunmen of a lawyer seeking sedition proceedings against him. Police registered an “abetment to murder” case against former cricket hero Khan, 70, who faces dozens of charges since his ouster in…
By Helen Coster (Reuters) -CNN Chairman and Chief Executive Chris Licht has stepped down from the media company, effective immediately, parent company Warner Bros. Discovery said on Wednesday. The company said that as it seeks Licht’s replacement, it has put in place an interim leadership team including Amy Entelis, EVP of talent and content development;…
MEXICO CITY (Reuters) -More top officials could soon follow the foreign minister in quitting to compete for the presidency, President Andres Manuel Lopez Obrador said on Wednesday, as the race to succeed him begins to thin out the government. Foreign Minister Marcelo Ebrard, one of the favorites to be Mexico’s next leader, said on Tuesday…
By Andrew Osborn (Reuters) – A top Moscow-backed official in part of Ukraine controlled by Russia has said that the collapse of the giant Kakhovka Dam has handed the Russian military a tactical advantage, but a prominent U.S. military analyst saw little immediate impact. The vast Soviet-era Kakhovka dam, under Russian control, was breached in…
By Michael S. Derby NEW YORK (Reuters) – Some economists are challenging the view central to some Federal Reserve officials that once the current inflation surge and resulting rate tightening have run their course, the world will once again be one of historically low interest rates. Instead, forecasters at Deutsche Bank and Goldman Sachs believe…
By Gabriel Araujo SAO PAULO (Reuters) – Consumer prices in Brazil decelerated more than expected in May, government data showed on Wednesday, with 12-month inflation hitting its lowest level in more than two years and dropping below the 4% mark for the first time since late 2020. The figures are likely to add weight to…
By Jonathan Stempel (Reuters) – Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA’s Space Launch System rocket, and then building components with “critical” safety flaws that could endanger astronauts. Wilson Aerospace said it worked with Boeing for two years starting in 2014 after…
By Clare Jim and Paul Sandle HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone jumped 3% on the news on Wednesday. Vodafone will own…
(Reuters) -A pipeline used to transport ammonia fertilizer from Russia via Ukraine that may be central to the future of the Black Sea grain deal has been damaged, according to both Kyiv and Moscow, potentially complicating talks around the accord. Russia’s defence ministry said a “Ukrainian sabotage group” had blown up a section of the…
