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Korean Air set to order about 20 Boeing 777X jets, sources say
FARNBOROUGH, England (Reuters) - Boeing is set to announce on Monday an order for roughly 20 777X jets from Korean Air, in a boost to the U.S. planemaker’s long-delayed plane programme, two sources familiar with the matter said.
US opens probe into 150,000 Stellantis vehicles over loss of motive power
(Reuters) -The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday that it has opened a preliminary evaluation into about 150,000 Stellantis vehicles over reports of loss of motive power that is causing the engine to shut down, with intermittent ability to restart.
Republican senator urges defense firm CEOs to safeguard Spirit work
FARNBOROUGH, England (Reuters) - U.S. Senator Jerry Moran is urging the CEOs of major defense companies to ensure that work performed by Spirit AeroSystems will not be disrupted by Boeing's planned acquisition of the Kansas-based supplier.
Ladbrokes owner Entain names former Scientific Games chief Gavin Isaacs as CEO
(Reuters) -Ladbrokes owner Entain on Monday named Gavin Isaacs, former CEO of betting group Scientific Games, as its new boss, aiming to bring stability to the British gambling company at a time when regulatory challenges are hurting its profit.
Japan ruling party executive urges BOJ to clarify rate-hike resolve, Nikkei says
TOKYO (Reuters) - The Bank of Japan should more clearly indicate its resolve to normalise monetary policy, including through steady interest rate hikes, senior ruling party official Toshimitsu Motegi was quoted as saying by the Nikkei newspaper on Monday.
India sends 100 antitrust queries for Reliance, Disney $8.5 billion merger, sources say
NEW DELHI (Reuters) - India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
Philippines "cannot yield" its South China Sea position, president says
MANILA (Reuters) - Philippine President Ferdinand Marcos Jr said on Monday his country "cannot yield" and "cannot waver" on its position in the South China Sea, but it will find ways to de-escalate tensions in the contested waters.
Russia's Tuapse oil refinery damaged in Ukraine drone attack, Russian officials say
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Biden administration announces $4.3 billion in climate grants
WASHINGTON (Reuters) - The Biden administration on Monday announced 25 projects pitched by 30 different state, local and tribal governments that applied for $4.3 billion in grants created by the president's signature climate law.
ECB's Kazimir opens door to two more rate cuts
FRANKFURT (Reuters) - European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them. "The doors remain open to additional easing should the environment warrant and justify such action," the Slovak governor said in a blog post.
Sri Lanka central bank seen holding rates to foster stability: Reuters poll
COLOMBO (Reuters) - Sri Lanka's central bank is expected to hold interest rates for a second straight meeting on Wednesday as it attempts to maintain monetary stability in the shadow of a dragging financial crisis and counter simmering political tensions.
Wall St picks up after sell-off as investors weigh Biden exit effect
(Reuters) - Wall Street rose on Monday, regaining some ground after the previous week's declines as investors assessed the odds of a second term for Republican nominee Donald Trump in the November election after President Joe Biden withdrew from the race.
EU ministers to discuss response to "unacceptable" Hungary stance
PARIS (Reuters) - European Union foreign ministers will evaluate how to respond to trips by Hungarian Prime Minister Viktor Orban to Russia and China and his country's positioning over the EU's role in Ukraine, foreign policy chief Josep Borrell said on Monday.
China's fiscal revenue shrinks 2.8% on year in first half
BEIJING (Reuters) - China's fiscal revenue slid 2.8% in the first half of 2024 from a year earlier, unchanged from a 2.8% fall in the January-May period, official data showed on Monday, as prolonged weakness in domestic demand dampened the outlook for an economic recovery.
Taiwan June export orders miss forecast, China demand weakens
TAIPEI (Reuters) - Taiwan's export orders rose less than expected in June on weak demand from the island's top trading partner China and for laptops and mobile phones, even as chips saw continued strength from a boom in artificial intelligence (AI) applications.
Indian economic adviser backs more Chinese direct investment in annual report
NEW DELHI (Reuters) - India's annual economic report card has backed more Chinese investment in the country, even as investments worth billions of dollars from China suffer disruption due to increased geopolitical tensions between New Delhi and Beijing since 2020.
Civilians suffering horrendous violence in Sudan conflict, MSF says
AMMAN (Reuters) - Civilians in Sudan have suffered horrendous levels of violence during more than a year of conflict between the army and a rival paramilitary force, facing repeated attacks, abuse and exploitation by both sides, the aid group Medecins Sans Frontieres (Doctors Without Borders - MSF) said on Monday.
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