Economy

Indonesia dishes out first free meals in programme targeting 83 million people

JAKARTA (Reuters) – Indonesian President Prabowo Subianto’s ambitious multi-billion dollar programme to provide free meals to more than a quarter of his people was officially underway on Monday, officials said, with 570,000 mouths to feed on its opening day. Despite…

Musk turns on UK’s Farage and says he should quit as Reform party leader

By William Schomberg LONDON (Reuters) -Elon Musk said Nigel Farage should quit as leader of Britain’s right-wing Reform UK party in an abrupt withdrawal of support by the U.S. billionaire for the Brexit campaigner who is trying to shake up…

Winter storm hits central US, barrels toward Washington

(Reuters) – A winter storm brought snow, ice and freezing temperatures to a broad swath of the U.S. on Sunday, with some 60 million people across more than a dozen states from Kansas to New Jersey under winter weather warnings…

Fed’s Kugler, Daly say job not done on taming inflation

By Ann Saphir (Reuters) -Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank’s job on taming inflation is not yet done, but also do not want to risk damaging the labor market in the process. The…

Austrian coalition talks collapse, chancellor to step down

VIENNA (Reuters) -Talks between the two biggest centrist parties in Austria on forming a coalition government without the far-right Freedom Party (FPO) have collapsed, Chancellor Karl Nehammer said on Saturday, adding that he would step down in the coming days….

Hong Kong budget deficit to be just under HK$100 billion, financial chief says

HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the city’s finance chief said on Saturday. The government is “focussing on cost-saving measures” to tackle the deficit, Paul…