U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

WASHINGTON, Aug 7 (Reuters) – The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections. After a marathon, … Read more

Chinese and Taiwanese warships eye each other as drills due to end

Chinese and Taiwanese warships eye each other as drills due to end

Chinese and Taiwanese ships circle in high seas “cat and mouse” Four days of Chinese drills due to end at midday China warns U.S. not to create greater crisis TAIPEI, Aug 7 (Reuters) – Chinese and Taiwanese warships played high-seas “cat and mouse” on Sunday, hours before the scheduled end of four days of unprecedented … Read more

Senate Democrats battle to pass $430 billion climate, drug bill

Senate Democrats battle to pass 0 billion climate, drug bill

WASHINGTON, Aug 6 (Reuters) – The U.S. Senate on Saturday began debating a Democratic bill to address key elements of President Joe Biden’s agenda – tackling climate change, lowering the costs of medication for the elderly and energy, while forcing corporations and the wealthy to pay more taxes. The debate began after the Senate voted … Read more

Stocks slip, investors cautious ahead of U.S. jobs data

Stocks slip, investors cautious ahead of U.S. jobs data

LONDON, Aug 5 (Reuters) – European equities slipped on Friday and were little changed on the week as traders waited for U.S. jobs data to give clues as to the health of the world’s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% and set for weekly rise … Read more

Pelosi praises Taiwan, says Asian trip wasn’t to change status quo

Pelosi praises Taiwan, says Asian trip wasn’t to change status quo

TOKYO, Aug 5 (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi on Friday praised Taiwan, pledged U.S. solidarity and said her trip through Asia, which led to unprecedented military drills by an angry China, was never about changing the regional status quo. Pelosi and a congressional delegation were in Japan on the last stage … Read more

U.S. lawmaker Walorski, two staffers die in Indiana car crash

U.S. lawmaker Walorski, two staffers die in Indiana car crash

WASHINGTON, Aug 3 (Reuters) – U.S. Congresswoman Jackie Walorski and two members of her staff died on Wednesday when the vehicle they were traveling in collided head-on with a car that veered into their lane, police in Indiana and her office said. Walorski, 58, a Republican who represented Indiana’s 2nd congressional district in the U.S. … Read more

Chinese military begins ‘strategic’ drills around Taiwan – state media

Chinese military begins ‘strategic’ drills around Taiwan – state media

A map showing locations where Chinese People’s Liberation Army (PLA) will conduct military exercises and training activities including live-fire drills is seen on newspaper reports of U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, at a newsstand in Beijing, China August 3, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com … Read more

China begins ‘illegitimate, irresponsible’ live-fire military drills – Taiwan

China begins ‘illegitimate, irresponsible’ live-fire military drills – Taiwan

Chinese military exercises, involving live-fire, begin Suspected drones fly over outlying Taiwanese islands Taiwan says several government websites hacked China says it’s an internal affair TAIPEI, Aug 4 (Reuters) – China launched unprecedented live-fire military drills in six areas that ring Taiwan on Thursday, a day after a visit by U.S. House of Representatives Speaker … Read more

Pelosi pledges solidarity with Taiwan as China holds military drills, vents anger

Pelosi pledges solidarity with Taiwan as China holds military drills, vents anger

TAIPEI, Aug 3 (Reuters) – China furiously condemned the highest-level U.S. visit to Taiwan in 25 years as House of Representatives Speaker Nancy Pelosi hailed the self-ruled island as “one of the freest societies in the world” and pledged American solidarity. Beijing demonstrated its anger with Pelosi’s presence on an island that it says is … Read more

Dollar jumps vs yen as Fed officials hint more rate hikes coming

Dollar jumps vs yen as Fed officials hint more rate hikes coming

NEW YORK, Aug 2 (Reuters) – The dollar strengthened sharply against the Japanese yen on Tuesday as remarks by U.S. Federal Reserve officials hinted that more interest rate hikes are coming in the near term. A trio of Fed officials from across the policy spectrum suggested Tuesday that they and their colleagues remain resolute and … Read more