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 …
China frees up $188 billion for banks in second reserve ratio cut this year Read More »
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, …
Next pandemic could be more lethal than COVID, vaccine creator says Read More »
By Willy Kurniawan and Tommy Adriansyah SUMBERWULUH, Indonesia (Reuters) – An Indonesian volcano was active again on Monday, spewing out hot clouds of ash, two days after a powerful eruption killed at least 22 people and left dozens missing. Mt. Semeru, the tallest mountain on the island of Java, erupted dramatically on Saturday, shooting a …
Indonesia volcano erupts again as death toll rises to 22 Read More »
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 …
U.S. embassy in Tokyo warns of ‘suspected racial profiling’ by Japanese police Read More »
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 …
Alibaba overhauls e-commerce businesses, names new CFO Read More »
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 …
BoE’s Broadbent sees inflation above 5%, price pressure from jobs market Read More »
BERLIN (Reuters) – Tesla did not want to wait for European authorities to make a decision on state funding for its planned battery factory before going ahead with the construction of its site in Germany, outgoing German Economy Minister Peter Altmaier told reporters in Berlin on Monday. As a foreign company, Tesla would have been …
Tesla did not want to wait on EU aid – German economy minister Read More »
NEW DELHI (Reuters) – Chief ministers of two Indian border states on Monday called for the withdrawal of a law that gives armed forces special powers to operate in some northeastern regions affected by insurgencies. The push to repeal the Armed Forces (Special Powers) Act, 1958, known as the AFSPA, came after Indian security forces …
Killings expose special powers of Indian security forces Read More »
NEW DELHI (Reuters) – Chief ministers of two Indian border states on Monday called for the withdrawal of a law that gives armed forces special powers to operate in some northeastern regions affected by insurgencies. The push to repeal the Armed Forces (Special Powers) Act, 1958, known as the AFSPA, came after Indian security forces …
Killings expose special powers of Indian security forces Read More »
By Karolina Tagaris and Philip Pullella ATHENS (Reuters) – Pope Francis heard from young people including children of migrants who have fled war or poverty at a school in Athens on Monday, as he wrapped up a trip to the Mediterranean in which he defended the rights of refugees and condemned those who exploit their …
Pope ends Mediterranean trip defending refugee rights Read More »
