Xi And Putin To Meet In Silk Road City To Discuss Ukraine, Taiwan
Xi Jinping and Vladimir Putin meet on Thursday in an ancient Uzbek Silk Road city to discuss the Ukraine war, tensions over Taiwan and the deepening partnership between the rising superpower of China and the natural resources titan of Russia.
Pakistan Floods' Death Toll Nears 1,500
Pakistan's unprecedented floods, which have submerged huge swathes of the South Asian nation, have killed nearly 1,500 people, data showed on Thursday, as authorities looked to step up relief efforts for millions affected by the disaster.
In Once Flourishing Aden, Yemeni Matriarch Recalls British Queen's Visit
Kulthoom Muhammad Saeed was 12 years old when a young Queen Elizabeth visited Aden, then one of the world's busiest fueling ports and a strategic piece of Britain's crumbling global empire.
As Pope Kazakhstan Visit Ends, Conservative Critic Speaks Out
Pope Francis wrapped up a trip to Kazakhstan on Thursday as one of his most outspoken critics openly questioned the value of mega faith meetings such as the one the pontiff attended, calling them "a supermarket of religions" that diminished the status of the Catholic Church.
Chinese Economy's Export Pillar Shows Cracks From Global Slowdown
China's exporters - the last reliable pillar of the world's second-largest economy as it struggled with the pandemic, weak consumption and a property crisis - are warning of hard times ahead as softer overseas markets force them to shed workers, shift to lower-value goods and even rent out their factories.
Yen Intervention Will Not Stop Sharp Declines, Official Warns
Japan's efforts to stop the yen's sharp falls through unilateral market intervention would only have a limited impact, a senior member of the country's ruling party warned, as data showed the currency's recent tumble blowing the trade gap out to a record.
South African Reserve Bank To Hike Rate 75 Bps To 6.25% On Sept. 22: Reuters Poll
South Africa's central bank will raise its key interest rate by 75 basis points next week to brake inflation, a Reuters poll found, adding another 25 basis points in each of the following two quarters before pausing for the rest of 2023.
Analysis: Price Hikes Test Inditex's Ability To Stay In Fashion
Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said.
Analysis-European Governments Defy Market Volatility With Green Bond Bonanza
Euro zone governments have raised 15 billion euros ($15 billion) from green bonds over the last two weeks, pushing volumes above a year ago even as heightened volatility cuts issuance in the broader market.
Japan Opposition Calls For Fiscal Stimulus, Not Rate Hike, To Cope With Weak Yen
Japan should not raise interest rates to stem recent sharp falls in the yen to 24-year lows but instead deploy further fiscal stimulus to ease the pain of rising living costs caused by the weak currency, the head of the country's opposition party said.
Immigrants Land On Martha's Vineyard; Florida's DeSantis Takes Credit
A group of immigrants landed on the wealthy Massachusetts island of Martha's Vineyard on Wednesday, part of a campaign by Republican governors to shift the immigration burden to Democratic areas.
Thousands Pass Queen Elizabeth's Coffin As She Lies In State In London
Mourners from all walks of life filed past the coffin of Queen Elizabeth through the night as she lay in state in London's ancient Westminster Hall, paying their final respects to Britain's longest-reigning monarch before her funeral on Monday.
Australia Fully Employed As Jobs Bounces Back In August
Australian employment bounced back in August after a surprise dip the month before and the jobless rate edged up just a tick from a 48-year low, underlining the resilience of the labour market in the face of rising interest rates.
Singapore Outlines Financial Services Overhaul With Eye On Green Finance Boom
Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its position in a "key battleground" to fight climate change, mobilising capital to support sustainable financing and green fintech.
Stocks Subdued By Rate Hike Risks, Yen Steady
Asia's stockmarkets were steady but fragile on Thursday, a day after their biggest drawdown in three months as investors weighed the risk of the Federal Reserve announcing a 100 basis point interest rate hike next week to tackle sticky inflation.
Samsung Elec To Invest Over $5 Billion As It Targets Net Zero Emissions By 2050
Samsung Electronics will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2050, the world's largest chip and mobile maker said on Thursday.
Traffic, Water Shortages, Now Floods: The Slow Death Of India's Tech Hub?
Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching small freshwater fish.
Dollar Stands Tall As Focus Swings Back To Fed
The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady.
U.S. Senate Panel Advances Bill To Boost U.S. Ties With Taiwan
A U.S. Senate committee on Wednesday approved legislation that would significantly enhance U.S.
Japan Posts Record Trade Deficit In August As Energy Imports Soar
Japan ran its biggest single-month trade deficit on record in August as imports surged on high energy costs and a slump in the yen, exposing the economy's vulnerability to external price pressures.
Alex Jones Knew Sandy Hook Hoax Claims Could Boost Infowars Revenue, Lawyer Testifies
A lawyer who works for Alex Jones' Infowars testified from the witness stand on Wednesday that the conspiracy theorist who claimed the 2012 Sandy Hook mass shooting was a hoax knew that his words could drive followers to his empire.
New Zealand Economy Rebounds In Q2 As Tourists Return
New Zealand's economy rebounded sharply last quarter as a lifting of coronavirus restrictions and the return of tourists helped it dodge recession, though it may be a last hurrah for strong growth as surging interest rates steamroll demand.
Zelenskiy Sees Damage In Recaptured Towns; Russia Strikes City's Water System
Ukrainian President Volodymyr Zelenskiy heard firsthand what people in recaptured northeastern towns experienced under Russian forces while a major city struggled to contain damage to its water system from Russian missle attacks.
AIG Unit Corebridge Raises $1.68 Billion In Year's Largest IPO
AIG Inc's life insurance and retirement division Corebridge Financial Inc raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings.
More Yen Pain Could Catch Japanese Firms Off Guard: Reuters Poll
The vast majority of Japanese companies expect the yen to firm against the dollar by year-end, a Reuters monthly poll showed on Thursday, suggesting further weakness in the local currency could catch businesses off guard.
U.S. To Withhold $130 Million Military Aid To Egypt Over Human Rights -official
The Biden administration has decided to withhold $130 million of foreign military aid to Egypt over its failure to fulfill human rights conditions, U.S.
U.S. Supreme Court Requires Yeshiva University To Allow LGBT Student Club
Yeshiva University cannot bar a LGBT student club after the U.S.
U.S. Senators Introduce Bill To Designate Russia State Sponsor Of Terrorism
Democratic and Republican U.S. senators introduced legislation on Wednesday that would designate Russia as a state sponsor of terrorism, a label pushed for by Ukraine but opposed by President Joe Biden's administration.
U.S. Supreme Court Risks Its Legitimacy By Looking Political, Justice Kagan Says
The U.S. Supreme Court's legitimacy could be imperiled if Americans come to view its members as trying to impose personal preferences on society, liberal Justice Elena Kagan said on Wednesday in the wake of rulings powered by her conservative colleagues curtailing abortion access and widening gun rights.
U.S. Distances Itself From Bill Richardson Meetings In Russia Where Americans Jailed
The United States distanced itself on Wednesday from a visit by former U.S.