Texas power grid faces summer having changed little from February freeze

June 24 (Reuters) – Texas’s grid operator frightened residents last week when it said it had very little reserves to cover demand spiking as temperatures soared. This summer could produce more scary times. In February, the Texas grid, run by the Electric Reliability Council of Texas (ERCOT), nearly collapsed from several days of frigid weather, … Read more

Shanghai aims to reopen more businesses shuttered by COVID, Beijing fights back

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

North Korea reports more deaths, says taking ‘swift action’ against COVID outbreak

SEOUL, May 15 (Reuters) – North Korea said on Sunday a total of 42 people had died as the country entered its fourth day of nationwide lockdown aimed at halting the first confirmed outbreak of COVID-19 in the impoverished country. North Korea’s admission on Thursday that it is battling an ‘explosive’ COVID-19 outbreak has raised … Read more

Children later than earlier. South Korean women freeze eggs as child-rearing costs rise

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

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

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

At the mercy of zealous residential committees, the frustration of Shanghai’s locked vents

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

North Korea reports first outbreak of COVID-19, orders lockdown as ‘most serious emergency’

North Korea declares ‘most serious national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state declined international vaccine offer No North Korean civilian would be vaccinated SEOUL, May 12 (Reuters) – North Korea confirmed its first outbreak of COVID-19 on Thursday, calling it the “most serious national emergency” and ordering a … Read more

Chinese plane aborts takeoff and catches fire, causing minor injuries during evacuation

Rescue workers are seen at the site where a Tibet Airlines Airbus A319 plane caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Join now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers and … Read more

Boeing clashes with key supplier ahead of Starliner spacecraft launch

WASHINGTON, May 11 (Reuters) – Boeing Co. (TO PROHIBIT) rivals Aerojet Rocketdyne (AJRD.N)a key supplier to its Starliner spacecraft as the US aerospace giant races to test launch the uncrewed astronaut capsule and repair its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled to launch May 19 … Read more

Hong Kong police release Catholic cardinal arrested on national security charges

HONG KONG, May 11 (Reuters) – Cardinal Joseph Zen, one of Asia’s top Catholic clerics, and three other people who helped run a now disbanded fund for protesters in Hong Kong have been arrested for “collusion with foreign forces”. , then released on bail. Zen, a 90-year-old former Hong Kong bishop, was interrogated for several … Read more