SYDNEY (Reuters) – Papua New Guinea’s parliament has begun debating a defence deal with the United States, with Prime Minister James Marape acknowledging the concerns of some students and unions ahead of a vote to ratify it in August. The defence agreement will allow U.S. forces to refurbish and develop infrastructure for military and civilian…
(Reuters) -BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year, while JP Morgan sees one more hike in July, after the central bank signaled further raises may be needed. BofA’s new terminal rate forecast stands 5.5%-5.75%, it said in a note on Wednesday. It…
By Sakura Murakami and John Geddie TOKYO (Reuters) -The Pacific island nation of Palau has asked the United States to step up patrols of its waters after several incursions by Chinese vessels into its exclusive economic zone, President Surangel Whipps Jr. told Reuters in an interview. Whipps Jr. said he would also welcome a bigger…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Thursday will call for continued work to redesign global supply chains to emphasize resilience and a more diverse set of economies producing steel, aluminum and other goods. In a speech at the National Press Club, Tai will explain how decades of trade policies…
By Tom Balmforth KYIV (Reuters) -After a week of heavy fighting, the real tests of Kyiv’s counteroffensive lie ahead, with Ukrainian troops some distance from Russia’s main defensive line and the bulk of forces prepared for the push still on standby. Ukraine struck in two areas along the southeastern front last week as it began…
By Humeyra Pamuk, David Brunnstrom and Simon Lewis WASHINGTON (Reuters) -The United States on Wednesday played down expectations of any breakthrough from the first trip by a U.S. Secretary of State to China in five years, after a tense call with China’s foreign minister ahead Antony Blinken’s visit to Beijing next week. Chinese foreign minister…
By Jonathan Allen and Kanishka Singh NEW YORK (Reuters) -A New York grand jury voted on Wednesday to indict Daniel Penny, a former U.S. Marine sergeant, in last month’s killing of Jordan Neely, a homeless man, with a chokehold on a Manhattan subway car, a person familiar with the case said. Penny, 24, was captured…
By Chayut Setboonsarng BANGKOK (Reuters) – Overseas travel bookings from mainland China are currently at just over half of pre-pandemic levels but are on course to return to the 2019 numbers by the end of this year or early 2024, the head of online travel agency Agoda said on Thursday. China was the world’s largest…
By Jonathan Landay and Andrew Gray (Reuters) – NATO members are racing to complete a plan to provide long-term support to Ukraine, but are wrestling with how best to assure the country’s security until it can join the military alliance, according to U.S. and European officials. With four weeks to go until a NATO summit…
(Reuters) – Japan is in talks to provide artillery shells to the United States to bolster stocks for Ukraine’s counteroffensive against Russia, the Wall Street Journal said on Thursday. The Asian nation is considering supplying 155-mm. artillery shells under a 2016 pact to share ammunition as part of its long-standing security alliance with the United…
