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

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

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

Abandoning zero-COVID policy in China without safeguards puts 1.5 million lives at risk – study

A delivery man standing on a scooter looks over barriers in a closed residential area during the lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China May 9, 2022. REUTERS/Aly song Join now for FREE unlimited access to Reuters.com Register Safeguards include strengthening vaccinations, access to health care “Zero-COVID” stance key to defeating virus … Read more

EXCLUSIVE Tesla halts most production at Shanghai factory, sales plummet in April

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Plant will produce less than 200 cars on Tuesday – memo Factory halted work due to supply issues – sources China’s COVID policies … Read more

High voter turnout in the Philippines as Marcos aims for presidency

Voting underway, polling official says early turnout is encouraging No report of major voting disruption – polling body The election is a rematch between favorite Marcos and Vice President Robredo Unofficial tally could show winner’s hours after polls close BATAC CITY/NAGA CITY, Philippines, May 9 (Reuters) – Filipino voters headed to polling stations on Monday, … Read more

Pope gave green light to secret deal to free kidnapped nun, court told

VATICAN CITY, May 5 (Reuters) – Pope Francis has approved a secret €1 million operation to free a Colombian nun held captive for more than four years by an Islamist militant group in Mali ahead of her release in 2021 , a cardinal told a Vatican court on Thursday. Cardinal Angelo Becciu, 73, the only … Read more

Boris Johnson faces electoral test as scandals overshadow vote

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

LIC’s $2.7 billion IPO in India was subscribed 67% on day one

Investors bid for 108.7 million shares vs. 162.1 million offered Insured, IPO Employee Portions Oversubscribed Stock market falls as RBI hikes rates MUMBAI, May 4 (Reuters) – The $2.7 billion IPO of Life Insurance Corp (LIC), India’s largest public issue, was 67% subscribed on the first day of the call. offers, even as a surprise … Read more