Germany, US allay civilian air traffic disruption fears ahead of massive drill

BERLIN (Reuters) – The largest air deployment exercise in NATO’s history, involving 25 nations and 250 aircraft in June, will only cause minor disruptions to civilian air traffic in Europe, Germany and the U.S. said on Wednesday. “We anticipate minimal interruptions in the flow of civilian airlines,” Michael Loh, director of the U.S. Air National…

Read More

Christie takes aim at ‘self-serving’ Trump as he launches White House bid

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…

Read More

State of emergency imposed in Russia-controlled parts of Kherson

(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…

Read More

Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture

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…

Read More

Overly optimistic markets might be caught out by rate hikes, ECB’s Knot says

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…

Read More