WASHINGTON (Reuters) – The Federal Reserve may still need to raise its benchmark interest rate by another half-point this year, St. Louis Fed President James Bullard said, suggesting that any decision to pause on any increase at the upcoming June meeting won’t mark a full stop to the Fed’s tightening cycle. “The risk with inflation…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party on Monday signed an ambitious agreement to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, but made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai…
By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a…
JERUSALEM (Reuters) – Israel aims to parlay its technological prowess to become an artificial intelligence “superpower”, the Defence Ministry director-general said on Monday, predicting advances in autonomous warfare and streamlined combat decision-making. Steps to harness rapid AI evolutions include the formation of a dedicated organisation for military robotics in the ministry, and a record-high budget…
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday said he had no plan to resort to new tax measures to fund the government’s upcoming childcare package designed to reverse the country’s declining birthrate. The government in March laid out a plan to boost child care over the coming three years, but did not specify…
BERLIN (Reuters) -Foreign investment in Germany was stable in 2022, data from Germany Trade & Invest (GTAI), showed on Monday, although the body’s head said it could be a challenge to retain investment from the biggest spender the United States. Last year, Germany attracted 1,783 new projects and expansions, 23 fewer than in 2021, but…
By Hyonhee Shin SEOUL (Reuters) – South Korea and the European Union agreed on Monday to step up cooperation on security amid tension over Russia’s invasion of Ukraine and North Korean nuclear threats. South Korean President Yoon Suk Yeol held a summit in Seoul with European Commission President Ursula von der Leyen and European Council…
KYIV (Reuters) -At least eight people were wounded and scores of buildings were damaged in an overnight Russian air strike on the Dnipropetrovsk region in southeastern Ukraine, local officials said on Monday. Video footage released by emergency services showed a huge crater in a courtyard and fire fighters dousing the remnants of blazes in huge…
PARIS (Reuters) – Investments that France needs to finance its transition to a low-carbon economy are set to add 25 percentage points to its debt burden by 2040, a report from the government-funded France Strategie think-tank said on Monday. France will need to make additional annual investments of about 67 billion euros ($74 billion) –…
By David Morgan, Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive. McCarthy, speaking to…
