CAIRO (Reuters) – Egypt and India discussed strengthening ties in areas including trade, food security and defence during a state visit to Cairo by Indian Prime Minister Narendra Modi, the two countries said on Sunday. On his first trip to Egypt, Modi met Egyptian President Abdel Fattah al-Sisi and Egyptian ministers appointed to an “India…
BEIJING (Reuters) -China supports Russia in maintaining its national stability, the Chinese foreign ministry said on Sunday, a day after an aborted mutiny by the Wagner group of heavily armed mercenaries. Russia’s Deputy Foreign Minister Andrei Rudenko held talks in Beijing on “international” issues on Sunday following the most serious challenge to President Vladimir Putin’s…
BEIJING (Reuters) – China needs to step up measures as soon as possible to bolster a faltering post-COVID recovery in the world’s second-largest economy, a senior economic official with the country’s top political advisory body said on Sunday. Analysts at major international banks have downgraded economic growth forecasts for 2023 after May data showed demand…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s parliament on Sunday approved the government’s 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout funds. The IMF in mid-June expressed dissatisfaction with the country’s initial budget, saying it was a missed opportunity to…
BANGKOK (Reuters) – Thailand’s policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday. The Bank of Thailand raised its main interest rate six times since August to 2% to tame inflation and policymakers have pledged…
HONG KONG (Reuters) – Hong Kong plans to “fine-tune” the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan told Commercial Radio Hong Kong that residents want to upgrade homes after starting families so the government is discussing with the de facto central bank…
By Steve Gorman and Joseph Ax (Reuters) – Canadian safety officials on Friday opened an investigation into the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, raising questions about the unregulated nature of such expeditions. A debris field from the submersible Titan…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. The scandal, which broke in January, revolves around a…
By Daniel Leussink, Norihiko Shirouzu and Maki Shiraki TOKYO (Reuters) – Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said. The surveillance claims, first reported by the Financial Times, were made…
MOSCOW (Reuters) – Mutinous Russian mercenary chief Yevgeny Prigozhin said on Saturday that he and his men would not turn themselves in on the orders of President Vladimir Putin. Putin had earlier vowed to crush what he called an armed mutiny after Prigozhin’s private army seized control of a southern city as part of an…
