MUMBAI (Reuters) – India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the central bank in its monthly bulletin on Monday. India’s per capita income is currently estimated at $2,500, while it must be more than…
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday. “Monetary policy has to…
(Reuters) – U.S. startup Fisker said on Monday it would produce 100 limited edition electric sports utility vehicles (SUVs) for the Indian market and expects to begin deliveries in the fourth quarter this year. The company had said in September it would begin selling its Ocean electric SUVs in India by July 2023, with local…
(Reuters) – Russia refused on Monday to extend the agreement that has enabled Ukraine to export grain from its Black Sea ports for the past year, complaining that promises to free up its own shipments of food and fertilisers had not been kept. Russia’s Foreign Ministry said it had notified Ukraine, Turkey and the United…
SEOUL (Reuters) -North Korea’s Kim Yo Jong, sister of leader Kim Jong Un, said on Monday that the United States should avoid any “foolish act” that could put its security at risk and rejected offers of talks as a ploy, state news agency KCNA reported. Kim made her comments after White House national security adviser…
By Sam Tobin LONDON (Reuters) – Singer Elton John appeared by videolink in a London court on Monday to give evidence at Oscar-winning actor Kevin Spacey’s sexual assault trial. Spacey, 63, has pleaded not guilty at London’s Southwark Crown Court to 12 charges of sexual offences allegedly committed against four men in Britain between 2001…
By Vivian Sequera CARACAS (Reuters) – The families of Venezuelan migrants lost in the Caribbean sea are demanding their government investigate the disappearance of their loved ones after years of stasis. At least 150 people have gone missing in connection with a series of vessels which have sunk between Venezuela’s north coast and islands in…
By Adnan Abidi and Gabrielle Fonseca Johnson NEW DELHI (Reuters) – People living near a river running through India’s capital began returning to their homes on Monday as floodwaters receded five days after the Yamuna overflowed into the city. The Yamuna River rose to its highest in 45 years last week following unusually heavy rainfall…
By Dan Williams JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu pledged to crack down on Monday against threatened no-shows for military reserve duty by opponents of his judicial overhaul plan, saying such actions were anti-democratic and risked emboldening the country’s foes. With the religious-nationalist coalition set to ratify a key reform before parliament goes…
(This July 16 story has been corrected to fix David Sandalow’s quote to say ‘climate diplomacy,’ not ‘diplomacy,’ in paragraph 6) By Valerie Volcovici WASHINGTON (Reuters) – The United States and China will look to revive efforts to combat global warming this week, in bilateral meetings that observers hope will raise the bar on ambitions…