‘Tomorrow will be better’: Shanghai inches towards COVID re-opening

SHANGHAI, May 28 (Reuters) – The Chinese metropolis of Shanghai inched further towards a gradual reopening from two months of grinding COVID-19 lockdown, while the capital Beijing maintained curbs that have drastically curtailed movement even as case numbers decline. Shanghai aims essentially to end its lockdown from Wednesday. More people have been allowed out of … Read more

‘Anti-China’: The Quad launches maritime surveillance plan | News

Pledging to provide “tangible benefits” for nations in the Indo-Pacific region, the leaders of the Quad have launched a maritime surveillance plan that analysts say is its most significant move so far to counter China. The Quad – an informal alliance made up of Japan, the United States, India and Australia – says the Indo-Pacific … Read more

Iran seizes two Greek tankers amid row over US oil grab

DUBAI/ATHENS, May 27 (Reuters) – Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take “punitive action” against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast. “The Revolutionary Guards Navy today seized two Greek tankers for … Read more

First steps in reforming global health emergency rules agreed at WHO meeting

GENEVA, May 27 (Reuters) – Countries have agreed to an initial US-led push to reform of the rules around disease outbreaks, known as the International Health Regulations, after early opposition from Africa and others was overcome this week, sources told Reuters on Friday. The amendments, once confirmed by the World Health Organization (WHO) assembly, are … Read more

World stock markets rally, treasury yields fall on inflation data

US consumer spending increases, rise in inflation slows Wall Street rallies, snaps weekly losing streak Treasury yields fail Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark US Treasuries fell after data showed that US consumer spending rose in April and … Read more

Exclusive: How a Russian billionaire shielded assets from European sanctions

Melnichenko ceded ownership of coal, fertilizer firms to wife Cession occurred the day before EU imposed sanctions on him Transfers of assets fuel doubts over sanctions’ effectiveness ISTANBUL/BRUSSELS, May 27 (Reuters) – Russian businessman Andrey Melnichenko ceded ownership of two of the world’s largest coal and fertilizers companies to his wife the day before he … Read more

US intelligence assessing whether North Korea tested missile with properties not seen before

CNN — The US intelligence community is trying to determine whether North Korea tested a ballistic missile with properties the US has not seen before earlier this week, according to three US officials. North Korea’s launch of three ballistic missiles on Wednesday included one that flew an unusual trajectory, according to the officials. The missile … Read more

Victoria’s Secret agrees to finance $8.3 million settlement for laid-off Thai workers

BANGKOK, May 27 (Reuters) – Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria’s Secret will receive $8.3 million, in what labor activists say is the biggest settlement of its kind in the global garment industry. About 1,200 workers were laid off without severance pay and wages owed … Read more

Russia needs huge financial resources for military operation, finance minister says

Tanks of pro-Russian troops drive along a street during Ukraine-Russia conflict in the town of Popasna in the Luhansk Region, Ukraine May 26, 2022. REUTERS/Alexander Ermochenko Register now for FREE unlimited access to Reuters.com Register May 27 (Reuters) – Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said … Read more

India ‘punishes’ bureaucrat couple after stadium dog walk furore | News

Top official and his wife transferred to opposite ends of the country after report says they had a sports stadium shut so they could walk their dog. The Indian government has ordered the transfer of a bureaucrat couple to opposite ends of the country following outrage over a media report alleging they forced a sports … Read more