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

EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022

Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, US May 10, 2022. REUTERS/Kaylee Greenlee Beal Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers including Walmart Inc (WMT.N) and Amazon.com … 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

World stocks clamber off 18-month lows, but markets on recession watch

S&P futures up 1.13%, European stocks gain 0.96% MSCI Asia ex-Japan +1.8%, Nikkei +2.64% Worries over inflation, tightening policy remain Dollar hovers near 20-year highs on safe-haven demand LONDON/SHANGHAI, May 13 (Reuters) – World stocks rose from the previous day’s 18-month lows and the dollar pulled back from 20-year highs on Friday, though investors remained … Read more