NEW YORK (Reuters) – Emergency liquidity borrowing from the Federal Reserve was little changed in the latest week, the central bank reported on Thursday. The Fed said that borrowing via its discount window stood at $9.3 billion on Wednesday, from $5.3 billion on May 3, while its Bank Term Funding Program lending moved to $83.1…
KHARTOUM (Reuters) – The U.N. on Thursday urged countries with influence in Africa to help end the conflict in Sudan after reported progress in ceasefire talks between the army and the rival paramilitary Rapid Support Forces (RSF). Clashes rocked Halfaya, an entry point to the capital, early on Thursday as residents heard warplanes circling over…
By Mike Stone WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Germany for as much as $8.5 billion, the Pentagon said on Thursday. Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet….
By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to counter China. Instead, the U.S. State Department held back human rights-related sanctions, export controls and other sensitive actions…
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Thursday unveiled a sweeping plan to slash greenhouse gas emissions from the U.S. power industry, one of the biggest steps so far in its effort to decarbonize the economy to fight climate change. The proposal would limit how much carbon dioxide power plants, which are the…
By Daphne Psaledakis and Maya Gebeily WASHINGTON/BEIRUT (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday intended to bar the American government from recognizing Bashar al-Assad as Syria’s president and to enhance Washington’s ability to impose sanctions – a warning to other countries normalizing relations with Assad. The bill, first reported by…
By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives committee on China’s Communist Party and other lawmakers on Thursday raised “deep concern” and sought answers over reports Chinese-owned short video app TikTok censored an account that posted content from a film about pro-democracy Hong Kong tycoon Jimmy Lai. Representative Mike Gallagher…
By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testifying at a U.S. Senate committee hearing on making it more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients,…
By Nate Raymond and Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday overturned the bribery conviction of Joseph Percoco, an ex-aide to Democratic former New York Governor Andrew Cuomo, in a ruling that further limits the ability of federal prosecutors to pursue corruption cases. The justices ruled 9-0 in favor of Joseph Percoco, Cuomo’s…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Lawmakers accused the Pentagon on Thursday of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the International Criminal Court at the Hague. U.S. Senator Dick Durbin, a Democrat, said at Senate hearing that he had been told by…
