Reuters Wire
Oil Prices Ease 1% as Dollar Firms and Central Banks Hike Interest Rates
Oil prices eased about 1 percent on Thursday as traders worried about the fuel demand outlook due to a stronger dollar and further interest rate hikes by global central banks. After rising for three straight...
Sri Lanka’s Economy Shrinks 11.8% in Second-Worst Quarterly Performance
By Uditha Jayasinghe COLOMBO - Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday, the second-worst quarterly contraction ever for the country going through a severe...
Peru Declares State of Emergency as Eight Die in Protests Over Castillo Ousting
Peru announced a nationwide state of emergency on Wednesday (December 14), granting police special powers and limiting freedoms, including the right to assembly, after a week of fiery protests that have left at least eight...
US Defense Companies in Talks to Sell Vietnam Helicopters, Drones: Reuters Exclusive
By Francesco Guarascio HANOI - U.S. defence firms have discussed supplying military gear, including helicopters and drones, to Vietnam in talks with top government officials, two sources with knowledge of the dialogue told Reuters, a...
Hong Kong Democracy Activist Chow Hang-tung Wins Appeal on Tiananmen Vigil Assembly
By Jessie Pang HONG KONG — Democracy activist and barrister Chow Hang-tung won an appeal on Wednesday (Dec. 14) against her conviction and sentence over a "banned" candlelight vigil in Hong Kong last year to...
Global Investors Fly Blind Into China’s Messy Post-COVID Transition
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI — Global investors, already caught off guard by China's virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, lacking proper data to track rising...
Visa to Invest $1 Billion in Africa Over 5 Years to Cash In on e-Payments Boom
By Mehnaz Yasmin Visa Inc plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy's rapid growth in digital payments, the company said at the U.S.-Africa Leaders...
Energy Politics Cloud Mexican Bid to Join US Semiconductor Rush
By Dave Graham MEXICO CITY - Mexico's hopes of reaping an investment windfall from a U.S. drive to boost North American semiconductor production risk foundering on companies' concerns over energy supply, overdependence on fossil fuels,...
Demand for Gold Bullion Coins Rises in Austria Amid High Inflation and Economic Uncertainty
By Francois Murphy VIENNA - The Austrian Mint, one of the world's oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people rush to find a safe haven...
China Removes UK Consul Officials Over Protest Incident: UK FM Cleverly
British Foreign Minister James Cleverly said on Wednesday (December 14) that the Chinese government had removed officials responsible for an incident in October where a protester appeared to be pulled inside the grounds of the...
Alabama, Utah Become the Latest US States to Ban TikTok on State Devices
Alabama and Utah on Monday joined other U.S. states prohibiting the use of Chinese-owned short-video sharing app TikTok on state government devices and computer networks due to national security concerns. The actions follow warnings from...
Scholz and Singapore’s Prime Minister Lee Hsien Loong Christen Two Submarines Ordered by Singapore
German Chancellor Olaf Scholz and Singapore's Prime Minister Lee Hsien Loong on Tuesday (December 13) attended the christening of two submarines ordered by Singapore at the Thyssen Krupp Marine Systems in the northern German city...