WASHINGTON (Reuters) – President Joe Biden said on Thursday he did not think his comment referring to Chinese President Xi Jinping as a dictator had undermined or complicated the U.S. relationship with China, while declining to walk back the sentiment. “The idea of my choosing and avoiding saying what I think is the facts with…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…
By Joan Faus and Horaci Garcia LA MASSANA, Andorra (Reuters) -The daughter of French oceanographer Paul-Henri Nargeolet, one of five people inside a submersible missing near the Titanic wreck, said on Thursday she held hope they will be rescued but she is comforted by the knowledge that he is in the place he loved most….
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate hike prompted worries about the economy and fuel demand that outweighed support from a surprise draw in U.S. oil supplies. Brent futures settled down $2.98, or 3.9%, to $74.14 a barrel. U.S. West Texas Intermediate…
(Reuters) – General Electric’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force. The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States. The agreement includes…
(Reuters) – A debris field that was found near the wreckage of the Titanic in the North Atlantic has been assessed to be from the missing Titan submersible’s external body, CNN reported on Thursday, citing sources. (Reporting by Rami Ayyub in Washington; Editing by Eric Beech)
By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to 15% on Thursday and said it would go further in a reversal of President Tayyip Erdogan’s policy, although the post-election tightening missed expectations and the lira fell sharply. In its first meeting under new Governor…
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his South African counterpart Cyril Ramaphosa as they met in Paris. Ramaphosa recently led a delegation of African leaders to Russia and Kyiv seeking to share…
WASHINGTON (Reuters) – China’s ambassador to Washington has protested remarks President Joe Biden made about Chinese leader Xi Jinping on Wednesday, and its embassy said the United States should act immediately to undo the negative impact or bear all the consequences. China was enraged after Biden referred to Xi Jinping as a “dictator” at a…
