TAIPEI, Aug 7 (Reuters) – Chinese and Taiwanese warships played high seas “cat and mouse” on Sunday ahead of the scheduled end of four days of unprecedented Chinese military exercises launched in reaction to a visit to Taiwan by U.S. House Speaker Nancy Pelosi. Pelosi’s visit last week infuriated China, which regards the self-ruled island...
Category: Pacific
Wall St Week Ahead: Inflation data may seal fate of unloved U.S. stock rally
EW YORK, Aug 5 (Reuters) – A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. read more The S&P 500 (.SPX) has walked a tightrope this...
Asian stocks log best week in months; dollar lurks below highs
TOKYO, July 22 (Reuters) – Asian stock markets recorded their best week in months on Friday and the dollar held off recent record highs after the European Central Bank (ECB) unexpectedly ended its negative interest rate policy, but U.S. futures fell on fears of poor tech earnings. Ahead of the Europe open, FTSE 100 futures...
Taiwan’s speaker warns of Chinese ambitions in Prague, China protests
PRAGUE, July 20 (Reuters) – Taiwan parliament speaker You Si-kun warned against China’s power ambitions in a speech at the Czech parliament on Thursday in a visit drawing a rebuke from Beijing. You said Taiwan was gaining more say internationally but that also authoritarianism was on the rise. “I would like to speak to all...
Wildfires rage across Europe as climate alarm sounded
ATHENS/LONDON, July 20 (Reuters) – Emergency services battled wildfires across swathes of southern Europe amid mass evacuations on Wednesday, as warnings sounded in London after Britain’s hottest day that the fight against climate change needed to be stepped up. Hundreds fled in central Italy as gas tanks exploded in a forest fire near the Tuscan...
EU tells members to cut gas usage amid new Putin warning
BRUSSELS/LONDON, July 20 (Reuters) – The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop. Deliveries via Nord Stream 1, which accounts...
Orientalism: How Western Writers painted non-Europeans since Colonization
By Dr Majid Khan Since the West started colonization the other regions of the world, literary work from Western writers also came out however, in such books the people of the East were depicted as downgraded or subhuman. Edward Said, a Palestinian intellectual, literary theorist, and historian of the colonial narrative – said explained how...
Biden hopes for Israeli integration at Arab summit in Saudi
JEDDAH, Saudi Arabia, July 16 (Reuters) – U.S. President Joe Biden will discuss regional missile and defence capabilities on Saturday when he meets Arab leaders in Saudi Arabia, where he will be seeking to integrate Israel as part of a new axis largely driven by shared concerns over Iran, said a senior administration official. “We...
China’s economy brakes sharply in Q2, global risks darken outlook
BEIJING, July 15 (Reuters) – China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Friday’s frail data adds to fears of a global recession as policymakers jack up interest rates to curb...
Hyundai Motor launches first electric sedan, taking on Tesla
SEOUL, July 14 (Reuters) – Hyundai Motor Co (005380.KS) on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle (EV) market dominated by Tesla Inc . The Ioniq 6 is one of more than 31 electric models that Hyundai Motor...