Conservatives win 35% of vote – exit poll SPD at 27.5% of the vote – exit poll The Greens will become kingmakers for the SPD or the CDU Spotlight on job security and coal transition BERLIN, May 15 (Reuters) – Germany’s conservative CDU party was on course to win regional elections in North Rhine-Westphalia on … Read more
April industrial production unexpectedly falls year-on-year April retail sales fall faster than expected National unemployment rate at highest since February 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – Retail and factory activity in China fell sharply in April as sweeping COVID-19 lockdown measures confined workers and consumers to their homes … Read more
DUBAI, May 15 (Reuters) – Spreading protests across Iran over cuts in state food subsidies have turned political with slogans calling on top leaders to quit, according to social media posts , and unconfirmed reports indicate that at least four protesters were killed. . Protests began in some cities last week, sparked by the government’s … Read more
Shopping malls and stores in Shanghai will gradually resume in-store operations Some districts in Beijing extend work-from-home guidance Shanghai lockdown frustrates and infuriates residents The brakes have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually start reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub … Read more
SEOUL, May 13 (Reuters) – In South Korea, fewer women are having children and those who do are in no rush. The exorbitant costs of housing and education make financial security essential. Social mores also dictate the need to marry. Lim Eun-young, a 34-year-old civil servant, says she is not ready to start a family … Read more
HONG KONG/LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this … Read more
SHANGHAI, May 12 (Reuters) – Elizabeth Liu and her husband were elated last week to leave their residential complex in Shanghai for the first time in more than a month. All but one of the buildings in the compound had just been reclassified as low risk after 14 days with no COVID cases. “My husband … Read more
Shanghai tightens restrictions on residents Beijing closes more compounds, roads and parks Both cities are grappling with the worst outbreaks since the outbreak began SHANGHAI/BEIJING, May 9 (Reuters) – China’s two biggest cities tightened COVID-19 restrictions on their residents on Monday, sparking further frustration and even questions about the legality of its uncompromising fight against … Read more
Tories lose control of London councils The results seen as a test of Johnson’s popularity Poor performance will increase pressure on Johnson LONDON, May 6 (Reuters) – British Prime Minister Boris Johnson’s Conservative Party lost control of traditional strongholds in London and suffered losses elsewhere in local elections, preliminary results showed on Friday, as voters … Read more
Voters should punish Johnson Tories haven’t seen numbers to oust PM Labor hopes to capitalize on cost of living crisis LONDON, May 5 (Reuters) – British voters headed to the polls in local elections on Thursday where they are expected to punish Prime Minister Boris Johnson for a cost-of-living crisis and fines for breaking his … Read more