Ukraine appears to show ability to strike far inside Russia

Ukraine appears to show ability to strike far inside Russia

Third Russian airfield reported hit in drone strike Ukraine’s Zelenskiy meets troops near eastern front Oil price cap gives G7 leverage on Russia – US official Dec 7 (Reuters) – A third Russian airfield was set ablaze by a drone strike, a day after Ukraine demonstrated an apparent new ability to penetrate hundreds of kilometers … Read more

Canada’s deep yield curve inversion adds to BoC rate hike dilemma

Canada’s deep yield curve inversion adds to BoC rate hike dilemma

TORONTO, Dec 4 (Reuters) – As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market’s clearest signal yet that recession and lower inflation lie ahead. Canada’s central bank says that the economy needs to slow from overheated … Read more

EU agrees $60 Russian oil price cap, holdout Poland backs deal

EU agrees  Russian oil price cap, holdout Poland backs deal

Poland backs price cap after seeking extra conditions EU countries to formally approve the deal this weekend G7’s price cap aims to cut Russia’s oil income BRUSSELS, Dec 2 (Reuters) – The European Union on Friday agreed on a $60 per barrel price cap on Russian seaborne crude oil, after holdout Poland gave its support, … Read more

EU proposal would send proceeds of frozen Russian funds to Ukraine

EU proposal would send proceeds of frozen Russian funds to Ukraine

Russia must pay for devastation in Ukraine, von der Leyen says Proposal includes fund to invest Russian cbank liquid assets The assets would be returned to owners once sanctions lifted Frozen funds include $300 bln of Russia’s foreign reserves Moscow says such a move would amount to theft BRUSSELS, Nov 30 (Reuters) – The European … Read more

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more

Chinese astronauts board space station in historic mission

Chinese astronauts board space station in historic mission

Shenzhou-15 marks last of 11 missions since April 2021 in building of space station Shenzhou-15 crew to take over from Shenzhou-14 astronauts on space station Chinese space station to be second permanently inhabited outpost after NASA-led ISS BEIJING, Nov 30 (Reuters) – Three Chinese astronauts arrived on Wednesday at China’s space station for the first … Read more

Buffalo supermarket shooter pleads guilty to terrorism, murder

Buffalo supermarket shooter pleads guilty to terrorism, murder

Nov 28 (Reuters) – An avowed white supremacist pleaded guilty on Monday to first-degree murder and other state charges in a mass shooting in May that killed 10 people at a supermarket in an efficiently Black neighborhood of Buffalo, New York, prosecutors said. At a hearing at Erie County Court, Payton Gendron, 19, pleaded guilty … Read more

Germany in talks with allies over Polish push for Patriot deployment to Ukraine

Germany in talks with allies over Polish push for Patriot deployment to Ukraine

NATO says decision on Patriot deployment up to specific country Poland asked for German launchers to be sent to western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request that German Patriot air defense units be sent to Ukraine, after NATO’s chief suggested the military alliance might … Read more

Europe names world’s first disabled astronaut

Europe names world’s first disabled astronaut

PARIS, Nov 23 (Reuters) – The European Space Agency on Wednesday named the first ever “parastronaut” in a major step towards allowing people with physical disabilities to work and live in space. The 22-nation agency said it had selected former British Paralympic sprinter John McFall as part of a new generation of 17 recruits picked … Read more

Stellantis looks to India for affordable EVs for Europe

Stellantis looks to India for affordable EVs for Europe

NEW DELHI, Nov 24 (Reuters) – Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets … Read more