By Jonathan Spicer and Ece Toksabay ISTANBUL (Reuters) – Russia’s raid on a ship just off Turkey’s coast brings the fallout from the Ukraine war to another NATO frontier and raises the stakes as Ankara seeks to coax Moscow back to a grain-export deal that would restore some calm to the Black Sea. Armed marines…
(Reuters) – The indictment of former U.S. President Donald Trump and 18 others in Georgia includes charges against three alleged co-conspirators related to the harassment of election workers. The involvement of the trio – Trevian Kutti, Harrison Floyd and Stephen Cliffgard Lee – in efforts to keep Trump in power was first revealed by Reuters…
(Reuters) – Canadian housing starts slipped by 10% in July compared with the previous month, which had produced the strongest figures in ten years, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate of housing starts fell to 254,966 units in July from a revised 283,498 units in June, the…
By Andy Bruce and William Schomberg LONDON (Reuters) -Worries about persistently high inflation in Britain grew on Wednesday as key measures of price growth monitored by the Bank of England failed to ease in July, despite a sharp drop in the headline inflation rate. The annual consumer price inflation rate cooled to 6.8% from June’s…
By Akash Sriram and Paul Lienert DETROIT (Reuters) – General Motors is investing in a Silicon Valley startup to help it speed development of a more affordable battery chemistry for its future electric vehicles, the company said on Wednesday. GM will lead a $60 million investment in Mitra Chem, a two-year-old Mountain View, California, company…
BEIJING (Reuters) – China will strengthen the coordination of various policies to boost growth and meet this year’s economic target, according to a cabinet meeting cited by state media on Wednesday. The meeting held on Wednesday comes amid China’s mounting economic woes with a prolonged property crisis, deflationary pressure and slower growth in retail sales…
(Reuters) – Embattled property developer China Evergrande Group on Wednesday resolved to delay its meetings for the Hong Kong CEG class A and class C holders of debt to provide them more time to consider its fresh restructuring plan. The company adjourned its meetings for the creditors to Aug. 28. The meeting will consider the…
By Timour Azhari BAGHDAD (Reuters) – Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an uphill battle with a banking system unaccustomed to strict oversight and persistent currency smugglers, central bank governor Ali al-Allaq said. “It is really a battle, because the people benefiting from this situation and those harmed…
(This Aug. 3 story has been corrected to say that India could overtake ‘Japan and Germany’ not ‘Japan and China’ in paragraph 6) By Manoj Kumar NEW DELHI (Reuters) – S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.7% to March 2031, driven by manufacturing and services…
BEIJING/HONG KONG (Reuters) -Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China’s deepening property sector crisis is stifling what little momentum the economy has left. Zhongrong International Trust Co., which traditionally had sizable real estate exposure, missed payments on dozens of…
