Biden's Economic Plans Will Shift Investment To 'Forgotten' U.S. Cities -Yellen
The Biden administration's recently enacted spending plans for green energy, technology and infrastructure will shift investment more broadly across the United States, not just to prosperous coastal cities, Treasury Secretary Janet Yellen plans to argue on Thursday.
India's Bengaluru Braces For More Heavy Rain After Short Reprieve
India's technology hub of Bengaluru was gearing up for more heavy rain on Wednesday after a brief respite from severe flooding, as authorities stepped up efforts to evacuate people and pump water out of inundated areas.
Barack And Michelle Obama Return To The White House For Portrait Unveilings
Barack Obama and his wife, former first lady Michelle Obama, return to the White House on Wednesday for the unveiling of their official portraits, hosted by fellow Democrat Joe Biden some five years after the former president left office.
European Shares Fall As Miners Tumble On Weak China Demand
European shares fell on Wednesday, with miners leading losses, as investors fretted over global demand outlook for metals following lacklustre trade data from China, while Ubisoft slid as a deal with Tencent dampened its buyout prospects.
Pakistan Looks 'Like A Sea' After Floods, PM Says, As 18 More Die
Parts of Pakistan seemed "like a sea", Prime Minister Shehbaz Sharif said on Wednesday, after visiting some of the flood-hit areas that cover as much as a third of the South Asian nation, where 18 more deaths took the toll from days of rain to 1,343.
Samsung CEO Seeks 'Common Denominator' In Sino-U.S. Chip War
Samsung Electronics Co Ltd is seeking a "common denominator" as it navigates restrictions on U.S.
Putin Says Russia Has Gained, Not Lost, From Intervening In Ukraine
President Vladimir Putin said on Wednesday that Russia had not lost anything in a global confrontation with the United States over the conflict in Ukraine but had actually gained by setting a new sovereign course that would restore its global clout.
Ukraine Says Russia Has No Grounds To Review Black Sea Grain Deal
A Ukrainian presidential adviser said on Wednesday that Russia had no grounds to review the landmark deal allowing Ukraine to export grain from ports in the Black Sea and that the terms of the wartime agreement were being strictly observed.
East Timor Prods Australia On Long-stalled Gas Project
Indonesia, South Korea, Japan and China could all be interested in investing in a long-delayed gas project in the waters between East Timor and Australia crucial to the Asian nation's future, East Timor President Jose Ramos-Horta said on Wednesday.
Kiribati Moving Towards Authoritarianism, Former President Warns
The Pacific island nation of Kiribati is moving towards authoritarianism, its former president said in an interview on Wednesday, after the government suspended all judges from its appeal and high courts.
Analysis-Europe's Banks Dim Lights As They Brace For Winter Blackout
Some of Europe's biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region's economy.
North Korea 'Always Welcome' At Negotiating Table, Japan Nuclear Envoy Says
North Korea is "always welcome" at the negotiating table even though the threat of further provocation may be looming, Japan's nuclear envoy, Takehiro Funakoshi, said on Wednesday ahead of a meeting with his U.S.
Japan's Travel Curbs Choke Off Chance For Tourism Recovery On Weak Yen
Japan further relaxed its infection border controls on Wednesday, but its insistence on visitor visas means the yen's plunge won't translate to a tourism boom any time soon.
Analysis-UK Heads For Return To "trickle-down" Economics Under Low-tax Truss
New British Prime Minister Liz Truss and her finance minister Kwasi Kwarteng look set to revive Margaret Thatcher's 1980s experiment in "trickle-down" low-tax economics, the results of which have been disputed ever since.
Murmurs Of 'Sterling Crisis' No Longer Fanciful: Mike Dolan
Even though fears of another "sterling crisis" have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm.
Japan's Ex-FX Diplomat: No Need For Intervention To Back Yen
Japan need not intervene in the exchange-rate market to stem yen falls, as such a move would be ineffective in countering broad dollar gains, former top currency diplomat Hiroshi Watanabe told Reuters on Wednesday.
Thai Central Bank To Hike Rates Gradually To Contain Inflation - Chief
Thailand's central bank will raise interest rates gradually to curb inflation and ensure a smooth recovery as the economy is expected to return to pre-pandemic levels late this year or early next year, its governor said on Wednesday.
Canadian Manhunt For Suspect In Deadly Stabbings Stretches Into 4th Day
Canadian police searched into a fourth day on Wednesday for the remaining suspect in a stabbing spree in which 10 people were killed in and around an indigenous community, rattling a country unaccustomed to acts of mass violence.
Bank Of Canada Seen Set For Another Jumbo Hike In Inflation Fight
The Bank of Canada is widely expected to announce another supersized interest rate increase on Wednesday as it battles to curb inflation at a near-four-decade high, with all eyes on the statement for any change to its aggressive stance.
EU, China Trade Barbs Over Failed G20 Climate Talks
The European Union and China are questioning each other's commitment to fighting climate change, following the failure of climate talks by the Group of 20 (G20) last week.
U.S. Prepaid College Savings Plans Shine As Inflation Soars
When inflation is low, locking in prices now for something down the road is hardly worth considering. But now it can be a big deal.
BOJ To Keep Low Rates Even As Inflation Seen Hitting 3% - Ex-central Bank Policymaker
The Bank of Japan (BOJ) will likely maintain its massive stimulus even as inflation is seen reaching 3% in coming months, to ensure domestic demand strengthens enough to offset a hit from slowing global growth, former BOJ board member Goushi Kataoka told Reuters.
Rural Indians Join Rush To Study Abroad As Prospects Dim At Home
When 19-year-old Sachin failed to score the grades he needed to get into a good Indian college, his father, a small shopkeeper, took a loan and dug deep into the family savings to help him secure a Canadian student visa.
Ukrainian 'Counter-attack Underway', UN Pushes For Nuclear Plant's Safety
Ukrainian forces have attacked the Russian-held eastern town of Balakliia in the Kharkiv region, a senior pro-Moscow separatist official said, as Ukrainian officials remained guarded about how a counter offensive was faring.
More Trouble Ahead For Bruised Indian Rupee - Reuters Poll
India's battered rupee will trade not far from its lifetime low against the U.S.
Asian Stocks, Currencies Fall As Strong Data Fans Hawkish Fed Bets
Asian stocks fell on Wednesday as investors failed to find any cheer in strong U.S.
Dollar Hits Fresh Peak Against Yen On Bets For Aggressive Fed
The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S.
Oil Falls On Renewed Demand Concerns, Rate Hike Expectations
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
No Kerosene, No Food, Sri Lanka's Fishermen Say
As the sun rose over Sri Lanka one morning in late August, around a dozen fishermen were laying out their nets on a beach in Mannar, a small island just off the country's northwestern coast, the start of the day's work.
Los Angeles School District Says It Was Target Of Ransomware Attack
The Los Angeles Unified School District, the second-largest collection of public schools in the United States, said it was targeted by a ransomware attack over the Labor Day weekend that caused "significant disruption" but did not lead to cancellation of classes.
