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North Korea says U.S. drills threaten to turn region into ‘critical war zone’

By Josh Smith SEOUL (Reuters) -North Korea said on Thursday that drills by the United States and its allies have reached an “extreme red-line” and threaten to turn the peninsula into a “huge war arsenal and a more critical war zone.” The Foreign Ministry statement, carried by state news agency KCNA, said Pyongyang was not …

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McCarthy: We can find ‘common ground’ with Biden over U.S. debt ceiling

By Trevor Hunnicutt and Jeff Mason WASHINGTON (Reuters) -President Joe Biden and Republican House Speaker Kevin McCarthy held initial talks on Wednesday about raising U.S. government borrowing limits in a first test of how the two will work together, with both sides agreeing to talk more. The White House said after the meeting that Biden …

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Exclusive-Indian market regulator examining Adani share rout, source says

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday. The Securities and Exchange Board of India’s (SEBI) examination comes …

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Wall St rallies as Fed’s Powell nods to easing inflation after rate hike

By Sinéad Carew and Johann M Cherian (Reuters) – The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank. Wall Street’s major indexes had lost ground immediately …

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Indian shares fall as budget dents insurers, Adani stocks resume slide

By Sethuraman N R and Bharath Rajeswaran BENGALURU (Reuters) – Indian shares reversed earlier gains to close lower on Wednesday, led by a fall in insurance companies after the country’s Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled. The bluechip Nifty 50 index closed down 0.26% at 17,616.30, …

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Jailed ex-Georgian leader appears in court by video link, seeking urgent medical treatment

TBILISI (Reuters) -Mikheil Saakashvili, the jailed former president of Georgia, appeared in court via video link on Wednesday to show how much weight he had lost while incarcerated, as associates renewed calls for him to be freed for urgent medical treatment. Saakashvili, 55, was sent to prison in 2021 for six years on charges of …

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