Japanese PM shakes up cabinet as anger grows over Unification Church ties

Japanese PM shakes up cabinet as anger grows over Unification Church ties

Voters’ support plummets over party’s ties to church Upheaval comes sooner than analysts expected The Church defends its right to participate in politics Kishida has only chosen ministers who will ‘review’ ties with the group TOKYO, Aug 10 (Reuters) – Japanese Prime Minister Fumio Kishida shuffled his cabinet on Wednesday as he battled growing public … Read more

China’s factory inflation hits 17-month low, consumer prices accelerate

China’s factory inflation hits 17-month low, consumer prices accelerate

A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth … Read more

Record rain kills at least 8 in South Korean capital

Record rain kills at least 8 in South Korean capital

SEOUL, Aug 9 (Reuters) – At least eight people have died in and around Seoul overnight, South Korean authorities said on Tuesday, after torrential rains knocked out power, caused landslides and left roads and subways submerged. The southern part of the nation’s capital received more than 100 mm (3.9 inches) of rain per hour Monday … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Myanmar’s ambassador to China died on Sunday

Myanmar’s ambassador to China died on Sunday

A man walks past a paramilitary policeman who watches outside the Myanmar Embassy in Beijing, China August 8, 2022. REUTERS/Carlos Garcia Rawlins Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 8 (Reuters) – Myanmar’s ambassador to China died suddenly in the southwest Chinese city of Kunming on Sunday, according to an obituary … Read more

Chile to ‘punish’ those responsible for a sinkhole near a copper mine

Chile to ‘punish’ those responsible for a sinkhole near a copper mine

A sinkhole that was exposed last week has doubled in size, in a mining area near the town of Tierra Amarilla, in Copiapo, Chile, August 7, 2022. REUTERS/Johan Godoy Join now for FREE unlimited access to Reuters.com Register SANTIAGO, Aug. 8 – Chile will seek to impose tough sanctions on those responsible for a massive … Read more

Global stocks rebound after US jobs sold

Global stocks rebound after US jobs sold

Euro STOXX gains 0.8% Wall Street should win Markets cut odds of 75 basis point hike ahead of US CPI The dollar is falling Oil recovers its first losses and tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Stocks gained ground on Monday, regaining their footing after a strong U.S. jobs report last week bolstered … Read more

China announces new military exercises around Taiwan

China announces new military exercises around Taiwan

TAIPEI, Aug 8 (Reuters) – China’s military announced new military drills in the seas and airspace around Taiwan on Monday – a day after the scheduled end of its biggest-ever drills to protest China’s visit to China. last week in Taipei by US President Nancy Pelosi. China’s Eastern Theater Command said it would conduct joint … Read more

Automakers say US Senate bill will jeopardize 2030 goals for electric vehicles

Automakers say US Senate bill will jeopardize 2030 goals for electric vehicles

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German automaker Volkswagen’s first battery cell production plant ‘SalzGiga’ in Salzgitter, Germany, July 7, 2022. REUTERS / Fabrizio Bensch Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 7 (Reuters) – A group representing General Motors (GM.N), Toyota … Read more

Chinese exports pick up, but outlook darkens as global growth slows

Chinese exports pick up, but outlook darkens as global growth slows

China’s July exports rise at a faster pace than expected Imports disappoint again, highlighting weak domestic demand The trade balance hit a record high in July Weak foreign demand adds stress to trade and economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy … Read more