Reuters

LONDON (Reuters) - A British shipment of nearly 100 tonnes of aid has left Cyprus bound for a new temporary pier in Gaza, the British Foreign Office said in a statement on Wednesday.

WHY IT'S IMPORTANT

International organisations have said that Gaza faces a severe humanitarian crisis threatening a population of more than 2 million people.

KEY QUOTES

PRIME MINISTER RISHI SUNAK

"We are leading... (continue reading...)

(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should stay where they are as U.S. central bankers take stock of inflation.    "The biggest uncertainty in my mind is how much downward pressure is monetary policy putting on the economy? That's an unknown," Kashkari told the Williston Basin Petroleum Conference in Bismarck,... (continue reading...)

By Ann Saphir

(Reuters) - Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some encouraging data on Wednesday with a government report showing inflation eased a bit in April.    The 3.4% rise in the consumer price index from a year earlier, and the 0.3% increase from March, shows the Fed still has some distance to go before it achieves its 2% target for inflation.

But the... (continue reading...)

(Reuters) - The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.

The finding raises the prospect of Boeing facing prosecution it had previously avoided, which could result in fresh penalties and deepen an ongoing corporate crisis that has already resulted in a management shakeup and government... (continue reading...)

(Reuters) - The number of deaths from drug overdose fell 3% to 107,543 in 2023 from the previous year, according to preliminary data from the U.S. Centers for Disease Control and Prevention (CDC) released on Wednesday.

States including Nebraska, Kansas, Indiana and Maine saw declines of 15% or more in such deaths, mostly from opioids, while Alaska, Washington and Oregon reported notable increases of at least 27% compared to 2022, the data showed.