PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1% economic growth this year despite numerous risks to the outlook while a fall in inflation this month offered consumers some relief. The European Commission and the International Monetary Fund are more cautious about the outlook,…
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to the full House of Representatives for debate and an expected vote on…
ANKARA (Reuters) – Turkey’s broadcasting watchdog has launched an inquiry into six opposition TV channels for “insulting the public” with their coverage of Sunday’s presidential election runoff, it said on Tuesday, without detailing what the insults were. The Radio and Television Supreme Council (RTUK) said viewers had complained. President Tayyip Erdogan extended his two-decade rule…
SEOUL (Reuters) – North Korea made a failed attempt at launching its first spy satellite on Wednesday, with the booster and payload plunging into the sea, North Korean state media said, a setback in its pursuit of a space programme that dates to the 1990s. The United States, South Korea and the West have condemned…
(Reuters) – Colombia and Venezuela have reached an agreement to search for remains of victims who were killed by paramilitaries during Colombia’s internal armed conflict and reportedly buried in Venezuela, Colombia President Gustavo Petro said on Tuesday. The agreement follows recent confessions before the Special Jurisdiction for Peace (JEP) tribunal by former paramilitary commander Salvatore…
By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week, targeting cash held in low-yielding bank accounts as it finds ways to compensate for dwindling European Central Bank debt purchases. Market sources say the sale of new BTP Valore (“BTP Value”) bonds with a four-year…
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest rate hike, Financial Times reported on Wednesday. “I don’t really see a compelling reason to pause,” Mester told FT in an interview. “I would see more of a compelling case for bringing the rates up and…
(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant…
(Reuters) – Washington is encouraging Kyiv by publicly ignoring the drone attack that struck several districts of Moscow on Tuesday, Russia’s envoy to the United States said on Wednesday, after President Vladimir Putin blamed Ukraine for the strikes. The White House said it did not support attacks inside of Russia and that it was still…
SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary hurdle on Wednesday as it was passed in the House of Representatives. Australians will be asked to vote in a referendum, likely to be held between October and December, on whether they support altering the…
