JAKARTA (Reuters) - Indonesia's Mount Ibu volcano erupted again on Thursday, firing red bright lava and rocks into the night sky and triggering a spectacular display of volcanic lightning, the country's volcanology agency PVMBG said.
The 1,325 metre-high (4,347 ft) volcano on the eastern island of Halmahera erupted twice on Thursday, Heruningtyas Desi Purnamasari an official at PVMBG told Reuters.
The first eruption was at 1:30 a.m.... (continue reading...)
By Nidal al-Mughrabi and James Mackenzie
CAIRO/JERUSALEM (Reuters) - Israel targeted a Gaza school on Thursday that it said contained an Hamas compound, killing fighters involved in the Oct. 7 attack that sparked the eight-month war, but Gaza media said the strike killed at least 27 people seeking shelter.
Ismail Al-Thawabta, the director of the Hamas-run government media office, rejected Israel's claims that the U.N. school in Nuseirat,... (continue reading...)
By Ankur Banerjee
SINGAPORE (Reuters) - Asian shares gained on Thursday on rising expectations the U.S. Federal Reserve will likely cut interest rates in September, while the euro advanced ahead of the European Central Bank policy meeting where a rate cut is widely expected.
The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the U.S. labour market was... (continue reading...)
SINGAPORE (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Thursday that private equity firms KKR and Global Infrastructure Partners (GIP) and the newly formed Indo-Pacific Partnership for Prosperity were forming a coalition to invest $25 billion in infrastructure in the region.
Raimondo, speaking in Singapore, said investments would include green data centres in Indonesia, renewable energy in the Philippines and smart metres and hybrid... (continue reading...)
By Leika Kihara
SAPPORO, Japan (Reuters) - Bank of Japan (BOJ) board member Toyoaki Nakamura said on Thursday that inflation may fall short of the central bank's 2% target from fiscal 2025 onwards, if consumption weakens and discourages firms from raising prices.
In current projections made in April, the nine-member board's median forecast is for core consumer inflation to hit 1.9% in both fiscal 2025 and 2026.
"My view is... (continue reading...)
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