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India’s Reliance to raise up to $2 billion to fund expansion -Bloomberg News

BENGALURU (Reuters) -India’s Reliance Industries is in talks with foreign-currency loan lenders to raise up to $2 billion to fund the expansion of its oil-to-telecom conglomerate, Bloomberg News reported on Thursday, citing sources. Reliance, led by billionaire Mukesh Ambani, plans to use India’s dedicated external commercial borrowing route to secure the loan, the report said. …

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US, India discussed advancing defense ties during Biden aide’s visit -White House

WASHINGTON (Reuters) – U.S. National Security Advisor Jake Sullivan and his Indian counterpart discussed steps to advance the two countries’ strategic technology and defense partnership during a visit by Sullivan to New Delhi this week, the White House said on Thursday. The two also discussed preparations for an upcoming visit by Indian Prime Minister Narendra …

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Brutal heat wave to scorch US South through holiday weekend

(Reuters) – An oppressive heat wave settled over a wide swath of the U.S. South on Thursday, bringing record-breaking temperatures that topped 100 degrees Fahrenheit (38 Celsius) in many spots and creating dangerously hot conditions from Texas to Florida. At midday, more than 35 million people in southern Texas, Louisiana and Florida were under excessive …

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Election to replace UK’s Boris Johnson set for July 20

LONDON (Reuters) -The successor to Boris Johnson’s seat in Britain’s parliament will be chosen in a by-election vote on July 20, the local council said on Thursday, after the former prime minister quit over an investigation into his conduct. The Conservatives selected Steve Tuckwell to be their candidate for the vote, the party said in …

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S&P 500 leaps to highest close in 14 months; traders bet US rates near peak

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq surged on Thursday to close at their highest in 14 months, as investors cheered economic data that fueled bets that the U.S. Federal Reserve is nearing the end of its aggressive interest-rate hike campaign. Treasury yields slid after a slew of …

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US West Coast port customers urge swift finalization of labor deal

By Lisa Baertlein and David Shepardson LOS ANGELES/WASHINGTON (Reuters) -U.S. business groups on Thursday said a “hard-fought” six-year labor deal tentatively agreed between U.S. West Coast seaport employers and the union representing 22,000 workers should avoid economic harm and urged both sides to ratify it quickly. The tentative deal was announced on Wednesday and followed …

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IAEA’s Grossi: Water for cooling a priority at Zaporizhzhia nuclear plant

(Reuters) -The head of the U.N. atomic energy agency said on Thursday that ensuring water for cooling was a priority of his visit to the Russian-controlled Zaporizhzhia nuclear plant in Ukraine, adding that the station could operate safely for “some time”. Rafael Grossi of the International Atomic Energy Agency (IAEA), was inspecting the state of …

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Ukraine dam destruction: villagers face water crisis, see ‘only tears’

By Max Hunder and Olena Harmash HRUSHIVKA, Ukraine (Reuters) – Tetyana Tarasevych remembers how life got better in Ukraine’s southeast nearly 70 years ago after the vast Kakhovka water reservoir was built near her home in the village of Hrushivka. As the vast reservoir has lost around three-quarters of its volume since the destruction of …

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Miami Mayor Suarez announces 2024 Republican presidential bid

By Katharine Jackson and Alexandra Ulmer WASHINGTON (Reuters) -Miami Mayor Francis Suarez announced on Thursday he is running for president, joining a host of Republican candidates vying for the 2024 nomination days after front-runner Donald Trump faced federal charges in his city. Suarez, 45, released a campaign video titled “I’m Running,” which showed him jogging …

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Exclusive-Manchester United discusses granting exclusivity to Qatari Sheikh in $6 billion-plus sale -sources

By Anirban Sen (Reuters) – English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in …

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