(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar with the matter. China’s property sector, once a pillar of economic growth, slumped sharply last year with developers defaulting on debt or bonds…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration has taken diplomatic steps that have slowed down a Chinese effort to project military power around the world, Secretary of State Antony Blinken said on Monday ahead of a visit to Beijing later this week. Washington’s top diplomat was asked at a press…
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on Tuesday. The decision will be revisited after debt talks are finalised in September, added Gunawardena, who is also the transport minister…
BERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by mid-year topping 2022’s total, the BSW solar power association said on Tuesday. Solar power systems are booming in Europe’s biggest economy as consumers seek alternatives to expensive fossil fuels following…
By Trevor Hunnicutt WASHINGTON (Reuters) -The United States has made its concerns known to the Cuban government about Cuba hosting Chinese spy operations on its territory, White House spokesperson John Kirby said on Monday. Kirby said the bilateral relationship with China was tense at the moment, but President Joe Biden was committed to keeping the…
By Ismail Shakil OTTAWA (Reuters) – Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8…
BEIJING (Reuters) -China is willing to begin talks on a free trade agreement with Honduras “as soon as possible”, Chinese President Xi Jinping said on Monday, during the first visit by the Central American country’s president since forming diplomatic ties in March. Honduras’ President Xiomara Castro is on a six-day official visit to China. She…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden postponed a meeting with the head of NATO and skipped his other public events on Monday to undergo his second root canal procedure in as many days, the White House said. “The president is doing just fine and he will be certainly working in the…
By Nupur Anand and Trevor Hunnicutt NEW YORK (Reuters) – U.S. first lady Jill Biden on Monday embarked on a fundraising tour to build up President Joe Biden’s re-election campaign coffers, telling a well-heeled Manhattan crowd of nearly 50 people that her husband “knows how to get things done.” The event was hosted at the…
By Daina Beth Solomon and Ted Hesson MEXICO CITY (Reuters) – U.S. asylum appointments at a dangerous Texas-Mexico border crossing can no longer be scheduled via an online app following reports that migrants face extortion in Mexico. Advocates for migrants in the Mexican city of Nuevo Laredo, just across the border from Laredo, were informed…
