Stock markets struggle as fears over economy grow

LONDON, May 16 (Reuters) – European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week’s sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest … Read more

Shanghai aims for June 1 return to normal as COVID lockdown batters economy

Shanghai aims to lift COVID lockdown on June 1 City’s residents frustrated with shifting schedules China’s retail sales, industrial output plunge in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, and for … Read more

Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei

A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/ Register now for FREE unlimited access to Reuters.com Register May 13 (Reuters) – Alibaba Group Holding (9988.HK) has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine … Read more

Take Five: Recession talk justified? Follow the data

A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency rout is also in focus. Here’s your week … Read more

UAE’s newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

“Moles in the dark”: survival and escape from the Mariupol steelworks

ZAPORIZHZHIA, Ukraine, May 13 (Reuters) – Five stores below the besieged Azovstal steelworks, Ukrainian soldiers told Nataliya Babeush she had a few minutes to prepare to escape the underground bunker she called home for more than two months. The 35-year-old grabbed little more than a handful of children’s drawings: some sketches of flowers and food … Read more

Ukraine collects Russian dead as war rages on multiple fronts

Hundreds of Russian war dead brought to rail yard Ukraine deputy PM says war “entering new, long phase” Ukraine military photographs show failed Russian river crossing Kyiv says it’s negotiating for evacuation of Mariupol wounded KYIV, May 14 (Reuters) – The bodies of Russian soldiers killed in Ukraine were brought to a rail yard outside … Read more

India bans wheat exports as heatwave curbs output, prices soar

A combine deposits harvested wheat in a tractor trolley at a field on the outskirts of Ahmedabad, India, March 16, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register Ban could push global wheat prices to new peaks India was aiming to export 10 mln T wheat prior to the ban Heatwave … Read more

Israeli police beat mourners at funeral of slain Palestinian journalist

JERUSALEM, May 13 (Reuters) – Israeli police officers charged at Palestinian mourners carrying the coffin of Al Jazeera journalist Shireen Abu Akleh on Friday, before thousands led her casket through Jerusalem’s Old City in an outpouring of grievance and anger over her killing. Packed around Abu Akleh’s coffin, dozens of Palestinians, some waving Palestinian flags … Read more

Russia’s Inter RAO to halt power exports to Finland due lack of payment

HELSINKI, May 13 (Reuters) – Russian state-owned utility Inter RAO (IRAO.MM) will stop exporting electricity to Finland from Saturday because it has not been paid, the company’s Finnish subsidiary said on Friday. Inter RAO has not received payments for electricity sold via pan-European power exchange Nord Pool since May 6, the subsidiary said, without giving … Read more