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Oil prices settle higher global demand forecasts, US crude stock draw

By Laura Sanicola (Reuters) – Oil prices settled higher on Thursday after the International Energy Agency (IEA) joined producer group OPEC in forecasting strong growth in global oil demand and as cold winter weather disrupted U.S. crude output while the government reported a big weekly draw in crude inventories. Oil traders also worried about geopolitical …

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Gold drifts higher as Middle East tension attracts safe-haven inflows

By Anushree Ashish Mukherjee (Reuters) – Gold prices firmed on Thursday, aided by safe-haven demand amid the Middle East conflict, while investors looked out for further clarity on the U.S. Federal Reserve’s future interest rate path. Spot gold rose 0.7% to $2,019.12 per ounce by 02:06 p.m. ET (1906 GMT) after hitting a five-week low …

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Analysis-China’s ageing population threatens switch to new economic growth model

By Farah Master HONG KONG (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term growth prospects. A record low birth rate in 2023 and a wave of COVID-19 deaths resulted in a second …

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Pakistan fires retaliatory strike at Iran, stoking regional tension

By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan launched strikes on separatist militants inside Iran on Thursday, in a retaliatory attack two days after Tehran said it struck the bases of another group within Pakistani territory. Iranian media said several missiles hit a village in the Sistan-Baluchestan province that borders Pakistan, killing at …

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China widens South America trade highway with Silk Road mega port

By Marco Aquino and Adam Jourdan CHANCAY, Peru (Reuters) – In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America’s trade ties with China. The $3.5 billion deep water port, …

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Airbus to double sourcing from India to $1.5 billion as plane orders soar

By Rishika Sadam and Aditi Shah HYDERABAD, India (Reuters) -Airbus expects to double the total value of parts it sources from India to $1.5 billion in coming years, the planemaker’s India chief said on Thursday, as it looks to ride the boom in the world’s fastest growing aviation market. Indian carriers IndiGo, Air India and Akasa are …

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Indonesia allows Boeing 737 MAX 9 planes to fly again after checks

JAKARTA (Reuters) – Indonesia has allowed three Boeing 737 MAX 9 planes to fly again after grounding them, as they have different configurations from a jet that was forced to make an emergency landing in the United States on Jan. 5, its transport ministry said on Thursday. A cabin panel broke off a new Boeing …

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South African rand firms as mining output rises

JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Thursday after monthly mining figures showed an increase in production. At 1619 GMT, the rand traded at 18.9475 against the dollar, 0.6% stronger than its previous close. The country’s total mining output rose 6.8% year on year in November after a revised increase of 3.6% the previous month, …

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Britain’s cyber spies mark 80th anniversary of secret code-breaking computer

LONDON (Reuters) – Britain’s GCHQ spy agency celebrated the 80th anniversary of Colossus on Thursday, putting the spotlight on a code-breaking computer which helped defeat Hitler’s Germany and was so significant it was kept secret for decades. In 1944, Colossus, the world’s first digital computer, decoded German messages which convinced Allied forces their year-long plan …

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One dead, at least 25 injured in Comoros protests over president’s re-election

By Abdou Moustoifa MORONI (Reuters) -One person has been killed and at least 25 injured in violent protests that erupted after Comoros President Azali Assoumani’s re-election on Sunday, a health official said on Thursday. Demonstrations erupted on Wednesday, a day after the electoral body declared Assoumani winner, giving him a fourth five-year term. A seven-year-old …

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