JAKARTA (Reuters) -Indonesia is to allocate 40.6 trillion rupiah ($2.7 billion) to the construction of its new capital city in its 2024 budget and the presidential office and a dozen apartment blocks for workers should be completed next year, ministers said on Wednesday. The Southeast Asian nation announced in 2019 that it would build a…
By Jorge Garcia and Sandra Stojanovic LAHAINA, Hawaii (Reuters) -A week after wildfire ravaged the resort town of Lahaina, traumatized Maui residents have grown weary from living off relief supplies while many are kept from inspecting their homes and still left awaiting news about their missing loved one. The inferno killed at least 106 people…
WASHINGTON (Reuters) – U.S. President Joe Biden and first lady Jill Biden will travel to Hawaii on Monday to survey damage from the deadly wildfires that ravaged the resort town of Lahaina, the White House said. Biden will meet with first responders and survivors, as well as federal, state and local officials, the White House…
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…
