(Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, paving the way for the budget carrier to renegotiate debts and contracts. Following are details on other Indian carriers that have collapsed: JET AIRWAYS Jet Airways, once India’s largest private airline, stopped flying after running out of cash in April 2019. It owed …
By Joe Cash BEIJING (Reuters) -China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Inbound shipments to the world’s second largest economy fell by …
China’s shrinking imports, slower exports growth heap pressure on economy Read More »
By Rae Wee SINGAPORE (Reuters) – The dollar inched higher on Tuesday after a loans survey showed U.S. credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on expectations that the Bank of England will raise interest rates this week. In Asia, trade data released on Tuesday showed that …
Dollar rises slightly, sterling hovers near one-year high Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday the central bank will end its yield curve control policy and then start shrinking its balance sheet, once prospects heighten for inflation to sustainably hit its 2% target. Speaking in parliament, Ueda said Japan’s economy was picking up and inflation …
BOJ’s Ueda says yield control will end when price goal achievement foreseen Read More »
By Crispin Kyala and Ange Kasongo BUSHUSHU, Democratic Republic of Congo (Reuters) -Dead bodies were still being recovered on Monday from two villages in eastern Democratic Republic of Congo where floods killed more than 400 people last week in one of the country’s deadliest disasters in recent history. Many dazed survivors were mourning multiple family …
Congo flood survivors mourn lost relatives as death toll rises above 400 Read More »
By Deep Kaushik Vakil (Reuters) – Gold edged higher on Monday, regaining some ground after a retreat in the previous session and ahead of inflation data this week that could provide clues on the outlook for U.S. interest rates. Spot gold rose 0.2% to $2,021.37 per ounce by 3:15 p.m. ET (1915 GMT). U.S. gold futures …
JAKARTA (Reuters) -Indonesia and Singapore condemned an attack against a convoy including Association of Southeast Asian Nations (ASEAN) officials delivering humanitarian aid in Myanmar and called for an end to violence in the strife-torn country. It was unclear who was behind the incident that, according to Indonesian foreign ministry spokesperson Teuku Faizasyah, took place in …
Indonesia, Singapore condemn ‘shootout’ involving ASEAN officials in Myanmar Read More »
By Julia Harte NEW YORK (Reuters) -Protesters in New York City on Friday called for charges against a former U.S. Marine who choked a homeless man to death on the subway they were both riding in, as the veteran’s lawyers said he never intended to harm the man. The death of Jordan Neely, 30, on …
New York protesters demand criminal charges in chokehold killing on subway Read More »
By Luc Cohen and Jack Queen NEW YORK (Reuters) -Donald Trump’s absence from a trial where writer E. Jean Carroll accuses him of rape and defamation shows that “he did it,” a lawyer for Carroll said on Monday, while Trump’s lawyer told jurors the case was “outrageous.” “He never looked you in the eye and …
Trump’s absence at civil rape trial shows ‘he did it,’ accuser’s lawyer says Read More »
By Ted Hesson and Mike Blake SAN DIEGO (Reuters) -The Biden administration and Texas state government are sending reinforcements to the U.S.-Mexico border to prepare for a possible increase in illegal immigration when COVID-19 restrictions known as Title 42 are set to end on Thursday. Hundreds of specialized investigative agents and air marshals from the …
U.S. seeks to shore up border as migrants gather ahead of end to Title 42 Read More »
