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Fed’s Harker says expects ‘methodical’ rate hikes to fight ‘too high inflation’

(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Thursday repeated his view that the U.S. central bank will deliver “a series of deliberate, methodical hikes” to interest rates this year to bring down widespread and “far too high” inflation. “While the Fed cannot do much to ameliorate the supply issues that are increasing inflation, …

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U.S. preps new effort to crack down on Russian sanctions evasion

WASHINGTON (Reuters) -The United States is preparing new efforts to crack down on sanctions evasion by Russia, President Joe Biden’s national security adviser said on Thursday. “Where our focus will be over the course of the coming days is on evasion,” national security adviser Jake Sullivan said in an interview at the Economic Club of …

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U.S. cannot ‘take lightly’ threat Russia could use nuclear weapons – CIA chief

By Jonathan Landay and Michael Martina WASHINGTON (Reuters) – The threat of Russia potentially using tactical or low-yield nuclear weapons in Ukraine cannot be taken lightly, but the CIA has not seen a lot of practical evidence reinforcing that concern, CIA Director William Burns said on Thursday. Burns’ most extensive public comments since Russia invaded …

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Russia warns of nuclear, hypersonic deployment if Sweden and Finland join NATO

By Guy Faulconbridge LONDON (Reuters) -One of Russian President Vladimir Putin’s closest allies warned NATO on Thursday that if Sweden and Finland joined the U.S.-led military alliance then Russia would deploy nuclear weapons and hypersonic missiles in a European exclave. Finland, which shares a 1,300-km (810-mile) border with Russia, and Sweden are considering joining the …

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Shanghai cases hit record as Xi reiterates urgency of COVID curbs

By David Kirton SHANGHAI (Reuters) -China’s financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, a new high, a day after President Xi Jinping said that the country must continue with its strict “dynamic COVID clearance” policy and pandemic control measures. Shanghai is battling China’s worst COVID-19 outbreak since the virus first emerged in …

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After Biden remark, U.S. yet to commit to its own genocide probe of Russia

By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) – The United States on Wednesday stopped short of promising to launch its own inquiry to determine whether genocide was committed by Russia in Ukraine but said it will support international efforts to hold Russia accountable. President Joe Biden said for the first time on Tuesday that …

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South Korea official signals leaflet balloons might again float over the North

By Hyonhee Shin SEOUL (Reuters) – A South Korean official likely to oversee North Korean ties said on Thursday he opposed a ban on sending propaganda into North Korea, signalling the possible return to the skies of leaflet-laden balloons that infuriate North Korea. Kwon Young-se, nominated for the post of unification minister in a new …

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Kremlin says Biden’s ‘genocide’ comments are wrong and unacceptable

(Reuters) – The Kremlin said on Wednesday it categorically disagreed with U.S. President Joe Biden’s description of Russia’s actions in Ukraine as “genocide”, and it accused Washington of hypocrisy. Biden said on Tuesday that Russia’s behaviour in Ukraine amounted to genocide in his view, using that word for the first time. “We consider this kind …

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