LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward guidance suggesting smaller hikes ahead if needed. June 22 is the first scheduled policy meeting after Hafize Gaye Erkan was appointed as central…
BEIJING (Reuters) -China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. A Y-9 cargo plane variant fitted with intelligence-gathering equipment most likely monitored and collected intelligence on the exercise,…
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Iraq’s parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget deficit is estimated at a record…
BOGOTA (Reuters) – Four Indigenous children who were missing for more than five weeks in Colombia’s southern jungle will tell their own story about the ordeal, the father of the two youngest siblings said on Sunday. The children, aged 1 through 13, survived a May 1 plane crash that killed their mother and two other…
By Tom Balmforth KYIV (Reuters) -Ukraine said on Sunday its troops had made territorial advances on three villages in its southeast, the first liberated settlements it has reported since launching a counter-offensive this past week. Kyiv’s forces posted unverified videos showing soldiers hoisting the Ukrainian flag at a bombed-out building in the village of Blahodatne…
(Reuters) – U.S. House Speaker Kevin McCarthy said on Sunday he hoped to get back on the right track after a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern….
SEOUL (Reuters) – North Korean leader Kim Jong Un has vowed to “hold hands” with Russian President Vladimir Putin and bolster strategic cooperation on their shared goal of building a powerful country, state media KCNA reported on Monday. Kim made the pledge in a message to Putin marking Russia’s National Day, defending his decision to…
TUNIS (Reuters) -The European Union said on Sunday it may loan Tunisia over 1 billion euros ($1.07 billion) to help develop its battered economy, rescue state finances and deal with a migration crisis, with most funds contingent on it agreeing economic reforms. The offer was announced by European Commission President Ursula von der Leyen during…
By Andrea Shalal WASHINGTON (Reuters) – The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday. Banga told CNN’s ‘Fareed Zakaria GPS’ program that efforts now underway to stretch…
By Andrea Shalal and Heather Timmons WASHINGTON (Reuters) – Don’t expect U.S. President Joe Biden to comment about the 37-count indictment against Donald Trump that accuses the former president of risking some of the country’s most sensitive security secrets after leaving the White House in 2021. Administration officials plan to maintain their silence on the…
