By Aftab Ahmed GANDHINAGAR, India (Reuters) -The United States is working with India to develop ways to lower the cost of capital and increase private investment to fast-track India’s energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. After a bi-lateral meeting with India’s finance minister Nirmala Sitharaman on the sidelines of a G20…
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 Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that…
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…
KUALA LUMPUR (Reuters) -Swiss watchmaker Swatch Group has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT rights, in an act the company says has damaged its reputation. Homosexuality is a crime in Muslim-majority Malaysia, and rights groups have warned of growing intolerance against the country’s lesbian, gay, bisexual, transgender…
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…
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house prices and the value of bonds which has hit pensions, a report published on Monday showed. But the Resolution Foundation think-tank said younger people could…
By Kevin Yao and Joe Cash BEIJING (Reuters) -China’s economy grew at a frail pace in the second quarter as demand weakened at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to deliver more stimulus to shore up activity. Chinese authorities face a daunting task in trying to keep…
