By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate hike prompted worries about the economy and fuel demand that outweighed support from a surprise draw in U.S. oil supplies. Brent futures settled down $2.98, or 3.9%, to $74.14 a barrel. U.S. West Texas Intermediate…
(Reuters) – General Electric’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force. The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States. The agreement includes…
(Reuters) – A debris field that was found near the wreckage of the Titanic in the North Atlantic has been assessed to be from the missing Titan submersible’s external body, CNN reported on Thursday, citing sources. (Reporting by Rami Ayyub in Washington; Editing by Eric Beech)
By David Morgan WASHINGTON (Reuters) – U.S. House Republicans turned aside an attempt by hardline conservatives to force an impeachment vote against President Joe Biden on Thursday, in the first of what could prove to be a series of impeachment efforts by members of the far right. The House of Representatives voted 219-208 along party…
By Luc Cohen NEW YORK (Reuters) -Donald Trump’s push for a new trial in the civil case in which a Manhattan jury last month found the former U.S. president had sexually abused and defamed the writer E. Jean Carroll is “magical thinking,” Carroll’s lawyers said on Thursday. Trump, the front-runner for the 2024 Republican presidential…
By Hyunjoo Jin and Greg Bensinger SAN FRANCISCO (Reuters) – Forget about famed boxing bouts like the Rumble in the Jungle or the Thrilla in Manila — billionaire social media moguls Elon Musk and Mark Zuckerberg have been egging each other into a mixed martial arts cage match in Las Vegas. In recent days, Twitter…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The agreement cleared a Senate procedural hurdle by…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank would move interest rates at a “careful pace” from here as policymakers edge towards a stopping point for their historic round of monetary policy tightening. “We’re at least close to where we think our…
By John Kruzel and Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday dealt a setback to the Navajo Nation, rejecting its bid to require the federal government to develop a plan to secure water access for the tribe on reservation lands in the parched American southwest. The justices, in a 5-4 decision…
By Valerie Insinna, Abinaya V and Shivansh Tiwary PARIS (Reuters) -Spirit AeroSystems will suspend factory production on Thursday at its plant in Wichita, Kansas, the company said, after workers rejected a proposed four-year deal and announced a strike to begin on June 24. Spirit is one of the most consequential suppliers for aerospace heavyweights Boeing…
