By Yoruk Bahceli and Naomi Rovnick
LONDON (Reuters) - Traders scaled back bets that the ECB would cut interest rates twice more this year, and outpace peers in easing policy, after the euro zone central bank gave little hint on Thursday of further moves.
The European Central Bank lowered its key rate by 25 basis points (bps) from a record high to 3.75% at its policy meeting on Thursday, its first cut in five years. However, it raised... (continue reading...)
WARSAW (Reuters) - A Polish soldier died on Thursday after he was stabbed on the border with Belarus by migrants trying to cross into the European Union, the army said, while Warsaw said it would demand Belarus hand over the person responsible for his death.
The border has been a flashpoint since migrants started flocking there in 2021, after Belarus, a close Russian ally, opened travel agencies in the Middle East offering a new unofficial route into... (continue reading...)
By Shivansh Tiwary and Aditi Shah
NEW DELHI (Reuters) -Saudia Group is in talks with Airbus and Boeing over ordering wide-body jets to increase its capacity as planemakers face constraints in production slots of narrow-body aircraft, a spokesperson for the group told Reuters.
The state-owned group, which owns Saudia Airlines and budget carrier Flyadeal, last month ordered 105 narrow-body Airbus planes but had a requirement for 180, said... (continue reading...)
CAIRO (Reuters) - A merchant vessel reported that an explosion took place near it in the Red Sea on Thursday about 19 nautical miles west of the Yemeni port city of Mokha, British security firm Ambrey said.
The vessel fit the target profile of Yemeni Houthi militants, who have attacked ships off the country's coast for several months, Ambrey said in a note.
It was en route from Europe to the United Arab Emirates and was not transmitting... (continue reading...)
By Arathy Somasekhar and Erwin Seba
HOUSTON (Reuters) - Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas.
The Brownsville, Texas, project has been proposed by entrepreneur John Calce at least twice before by his ARX Energy, and JupiterMLP startups, with one leading to a bankruptcy... (continue reading...)
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