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

Deutsche Bank not financing controversial African oil pipeline, source says

FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the … 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

Blood marker identified for babies at risk of SIDS hailed as ‘breakthrough’

A newborn baby holds on a nurse’s finger at the maternity ward of the children’s hospital in Kabul, Afghanistan October 24, 2021. REUTERS/Jorge Silva/ Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – A team of Australian researchers have identified a biochemical marker in the blood that could help … 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

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

Australia says Chinese spy ship’s presence off west coast ‘concerning’

SYDNEY, May 13 (Reuters) – A Chinese intelligence ship was tracked off Australia’s west coast within 50 nautical miles of a sensitive defense facility, Australia said on Friday, raising concern amid an election campaign about China’s behavior in the region. Prime Minister Scott Morrison said the Chinese navy vessel was not in Australian territorial waters … Read more

Musk puts $44 bln Twitter deal ‘temporarily on hold’, shares slide

May 13 (Reuters) – Elon Musk tweeted that his $44-billion deal for Twitter Inc (TWTR.N) was “temporarily on hold” on Friday while he waits for data on the proportion of its fake accounts, sending shares in the social media platform plunging. Tesla CEO Musk, who added that he was still committed to the acquisition, decided … Read more