By Joey Roulette WASHINGTON (Reuters) – NASA’s plans to turn over its flagship rocket to contractors Boeing and Northrop Grumman to find more buyers and bring down costs faces steep hurdles thanks to meager demand even from the Pentagon and a sprawling supplier network. The U.S. space agency is pushing ahead with plans to hand…
By Marc Jones LONDON (Reuters) -Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. Ankara has seen decades of financial market difficulties and the charts below show the challenges the…
By Guy Faulconbridge MOSCOW (Reuters) – For more than 15 months Russia has been fighting a war in Ukraine that the Kremlin refused to call a war – but that is changing: President Vladimir Putin is using the word “war” more often. When Putin sent troops into Ukraine on Feb. 24 last year, he called…
SYDNEY (Reuters) – Australia said on Thursday it would introduce laws to the parliament next week banning public displays and sales of Nazi hate symbols, citing a rise in far-right activities at home. The swastika, one of the most recognisable symbols of Nazi propaganda, and the insignia of Schutzstaffel (SS), the paramilitary wing of the…
BEIJING/HONG KONG (Reuters) -China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it “is confident it will defend its legitimate rights”. Two Shanghai court notices dated…
(Reuters) – Republicans in the U.S. House of Representatives have abandoned plans for a vote on Thursday to hold FBI Director Christopher Wray in contempt of Congress over agency documents related to an alleged “criminal bribery scheme” involving President Joe Biden. The House Oversight and Accountability Committee had been set to vote over accusations that…
By Nelson Renteria SAN SALVADOR (Reuters) -El Salvador’s president signed into law an electoral reform on Wednesday that reduces the size of Congress by nearly a third, a move the ruling party says will reduce spending and critics say consolidates power ahead of elections. The reform, announced last week by President Nayib Bukele in an…
By Tim Reid (Reuters) -Former Vice President Mike Pence, who loyally served Donald Trump for four years, on Wednesday blasted his former boss for the 2021 attack on the U.S. Capitol as he launched his campaign for the 2024 Republican presidential nomination. Pence issued his most forceful condemnation to date of Trump’s role in the…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime Minister Fumio Kishida’s government said in its draft mid-year policy framework, while signalling an end to crisis-mode stimulus spending to return to one in “peacetime”. The draft plan, which was presented at Kishida’s top economic…
TOKYO (Reuters) – Japan posted a current account surplus for the third month in April as the trade deficit narrowed and income gains from overseas investment grew, government data showed, easing worries about declines in the country’s balance of payments. The current account stood at 1.9 trillion yen ($13.58 billion) surplus in April, Ministry of…
