(Reuters) -Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept air conditioners cranked up during a lingering heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday he’s not ready to call an all clear on U.S. inflation and favors more rate rises this year, saying the upcoming July meeting should bring an increase. “The robust strength of the labor market and the solid overall performance of the…
JOHANNESBURG (Reuters) -The International Monetary Fund’s executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan programme, the IMF said on Thursday. The IMF board meeting came after Africa’s second-biggest copper producer clinched a deal last month with governments abroad including China to rework about…
SYDNEY (Reuters) – Australia on Friday appointed Michele Bullock as the next central bank governor, replacing Philip Lowe. Reserve Bank of Australia (RBA) Governor Lowe’s current seven-year term is due to finish on Sept. 17, and will now mark the end of his 43-year career at the bank. (Reporting by Stella Qiu; Editing by Alasdair…
By Jonathan Spicer and Huseyin Hayatsever ANKARA (Reuters) -Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a person familiar with the talks said, a move seen as one of several concessions won in exchange for the Turkish blessing. President Tayyip…
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank will not be reappointed for a second term as the Labor government seeks a new pair of hands for an institution scarred by criticism over sharply rising interest rates, several media outlets reported on Friday. Australian Prime Minister Anthony Albanese and Treasurer Jim…
By Sofia Menchu GUATEMALA CITY (Reuters) – Guatemala’s top court on Thursday suspended an order barring the party of anti-graft candidate Bernardo Arevalo from running for the presidency, after a flood of international criticism that the country’s democracy was in jeopardy. The Constitutional Court said it had granted a provisional injunction filed by the Semilla…
(Reuters) – A New York appeals court on Thursday ordered a redrawing of the state’s congressional map, handing a victory to Democrats hoping to retake control of the closely divided U.S. House of Representatives in the 2024 election. The 3-2 decision by Appellate Division in the state capital of Albany reversed a lower court ruling,…
By Nandita Bose and David Shepardson WASHINGTON (Reuters) -Democratic U.S. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary, arguing her “progressive background” would prevent her from forging compromises between labor and industry representatives. Manchin said in a statement the labor secretary “should have the experience to…
By Moira Warburton WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers on Thursday pushed to include a provision allowing medical research of psychedelic drugs as part of a sweeping annual defense policy bill, saying it could help treat post-traumatic stress disorder and other ailments despite possible concerns. “These are powerful substances, I don’t want…
