BEIJING (Reuters) – China’s 2024 gross domestic product (GDP) is expected to exceed 130 trillion yuan ($17.8 trillion), President Xi Jinping said on Tuesday in his New Year’s address, adding that the country would implement more proactive policies to promote growth in 2025. The world’s second-largest economy has struggled to stage a robust revival this…
(Reuters) – The Ukrainian military said on Tuesday its forces had hit a Russian oil depot in the Smolensk region. Ukraine’s general staff said on Telegram that the depot was used for military purposes. It said there had been powerful explosions and tanks with oil products had caught fire. Earlier, Smolensk governor Vasily Anokhin said…
By Hyonhee Shin and Joyce Lee SEOUL (Reuters) -Investigations into what caused the crash of a Jeju Air jet ramped up on Tuesday as police rushed to identify victims and as families of those killed in South Korea’s deadliest domestic air accident pressed authorities for more information. The National Police Agency said it is making…
By Nathan Layne WEST PALM BEACH, Florida (Reuters) – Washington Mayor Muriel Bowser said she had a great meeting with President-elect Donald Trump at his Florida resort and voiced optimism that they would find common ground despite their past clashes. Bowser met Trump at his Mar-a-Lago home for about 45 minutes on Monday, a spokesperson…
By Stephen Grey, John Shiffman and Grant Smith LONDON (Reuters) – Chemicals factories founded or owned by some of Russia’s wealthiest men are supplying ingredients to plants that manufacture explosives used by Moscow’s military during the war in Ukraine, an analysis of railway and financial data shows. Reuters identified five chemical companies, in which five…
By Andrea Shalal WASHINGTON (Reuters) – The United States has sent $3.4 billion in additional budget aid to Ukraine, giving the war-torn country critical resources amid intensifying Russian attacks on Ukrainian civilians and infrastructure, Treasury Secretary Janet Yellen said on Monday. Yellen said in a statement the direct budget assistance, provided in coordination with the…
(Reuters) – Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose…
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s $700 million bid for Run:ai, which helps developers optimize infrastructure for AI, earlier in December after saying in October that the deal would…
By Sneha S K and Sriparna Roy (Reuters) -The U.S. Food and Drug Administration said on Friday that it has approved an injectable version of Bristol Myers Squibb’s blockbuster cancer drug, Opdivo. Opdivo is part of a class of drugs called PD-1 inhibitors, which enhance the immune system’s ability to fight cancer by removing its…
By AJ Vicens (Reuters) – U.S. officials have added a ninth telecommunications company to the list of entities compromised by a sweeping Chinese-linked cyberespionage operation known as Salt Typhoon, a top White House official said Friday. Anne Neuberger, the U.S. deputy national security advisor for cyber and emerging technology, told reporters on a call that…
