By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reignited the housing market, which added to inflation and the need to resume tightening five months later. Last week after lifting rates…
KYIV (Reuters) – Ukrainian forces have taken back nearly 18 square km (7 square miles) of territory in the east and the south in the past week in their counteroffensive against Russian forces, a senior defence official said on Monday. The advances brought the territory recaptured so far during the counteroffensive to more than 210…
By Sabine Siebold BERLIN (Reuters) – Germany is confident it will have the best equipped army division amongst European NATO allies in 2025, Army Chief Alfons Mais told Reuters, as countries are scrambling to gear up their troops in the wake of Russia’s invasion of Ukraine. At the moment, Berlin does not have a single…
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain rose to 40, including a dozen people found dead in a submerged underpass. Deluges have pummelled central and southern regions since Thursday as the rainy…
By Xinghui Kok SINGAPORE (Reuters) – Two senior lawmakers from Singapore’s ruling party have resigned over their “inappropriate relationship”, Prime Minister Lee Hsien Loong said on Monday, the latest high-profile scandal in a city-state otherwise known for its political stability. Lee said the resignations of house speaker Tan Chuan-Jin and lawmaker, Cheng Li Hui, were…
By Enrique Anarte MADRID (Thomson Reuters Foundation) – The rights of gay, lesbian, bisexual and transgender people have taken centre stage ahead of Spain’s July 23 national election. Opinion polls predict Alberto Nunez Feijoo’s conservative People’s Party (PP) will win the election after four years of coalition government by Prime Minister Pedro Sanchez’s Socialists and…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia recorded a surprisingly large trade surplus of $3.46 billion in June, as imports plunged more than expected and exports also remained weak, official data showed on Monday, adding to the case for possible rate cuts before year-end. A Reuters poll of economists had expected a surplus…
By Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two nations have secured only enough help to limp to autumn elections, experts said. The rally in international bonds issued by the two countries has intensified…
By Muyu Xu BEIJING/SINGAPORE (Reuters) – China’s average daily coal production rebounded in June from a six-month low the prior month, official data showed on Monday, as miners ramped up output to meet increasing demand from power generators amid a heatwave. China churned out 390.1 million metric tons of coal last month, up 2.5% from…
(Reuters) – Traffic on the road-and-rail bridge linking Russia and the Crimean peninsula was stopped early on Monday due to an “emergency situation,” the Russian-backed head of Crimea’s administration, Sergei Aksyonov said. The RBC-Ukraine news agency reported that explosions were heard on the bridge, with Russian military bloggers reporting two strikes. The bridge is a…
