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Suu Kyi sentence reduced to two years from four – Myanmar state TV

(Reuters) – Myanmar’s deposed leader Aung San Suu Kyi has had her sentence reduced from four years to two years after a partial pardon by the head of the military-appointed government, the country’s state television reported on Monday. Earlier on Monday, a court in Myanmar found Suu Kyi, ousted in a Feb. 1 coup, guilty …

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France to mimic Musk with own SpaceX-style launcher, minister says

PARIS (Reuters) – European space company ArianeGroup will develop a reusable mini-launcher to compete with the likes of Elon Musk’s SpaceX, French Finance Minister Bruno Le Maire said on Monday. The launcher “must be able to be operational in 2026”, Le Maire said during a trip to the ArianeGroup site at Vernon in Normandy, where …

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S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga Sishi PORT EDWARD, South Africa (Reuters) – South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphins, seals and penguins on a pristine coastal stretch. A South African court on Friday struck …

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S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga Sishi PORT EDWARD, South Africa (Reuters) – South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphins, seals and penguins on a pristine coastal stretch. A South African court on Friday struck …

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China frees up $188 billion for banks in second reserve ratio cut this year

By Stella Qiu and Kevin Yao BEIJING (Reuters) – China’s central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing 1.2 trillion yuan ($188 billion) in long-term liquidity to bolster slowing economic growth. The People’s Bank of China (PBOC) said …

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Next pandemic could be more lethal than COVID, vaccine creator says

LONDON (Reuters) -Future pandemics could be even more lethal than COVID-19 so the lessons learned from the outbreak must not be squandered and the world should ensure it is prepared for the next viral onslaught, one of the creators of the Oxford-AstraZeneca vaccine said. The novel coronavirus has killed 5.26 million people across the world, …

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U.S. embassy in Tokyo warns of ‘suspected racial profiling’ by Japanese police

By Chang-Ran Kim and Elaine Lies TOKYO (Reuters) – The United States Embassy in Tokyo on Monday warned in a tweet of incidents of suspected racial profiling of non-Japanese by Japanese police. Japan is a mostly ethnically homogeneous country where some people equate more immigrants with a rise in crime, although foreign labour is increasingly …

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Alibaba overhauls e-commerce businesses, names new CFO

By Brenda Goh SHANGHAI (Reuters) -Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown. It will form two new units – international digital commerce and …

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BoE’s Broadbent sees inflation above 5%, price pressure from jobs market

By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Deputy Governor Ben Broadbent said on Monday that inflation in Britain might “comfortably exceed” 5% in April and that the country’s tight labour market risked becoming a more persistent source of inflation. The BoE, which is trying to steer the economy through its recovery …

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