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Macron to Lebanese leaders: reform swiftly or face consequences

BEIRUT/PARIS (Reuters) – French President Emmanuel Macron on Tuesday gave Lebanese politicians until the end of October to start delivering on reforms, saying financial aid would be withheld and sanctions imposed further down the line if corruption gets in the... More »

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Telcos get 10 years to pay India dues, pain not over for Vodafone

NEW DELHI (Reuters) – Heavily indebted Indian telecoms firm Vodafone Idea (VODA.NS) won some reprieve on Tuesday as the country’s top court gave mobile carriers 10 years to settle government dues, but the company’s longer-term problems are not over. Vodafone I... More »

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Macron marks Lebanon’s centenary as nation teeters on brink

BEIRUT (Reuters) – French President Emmanuel Macron marked Lebanon’s centenary on Tuesday by planting a cedar tree, the emblem of the Middle East country that is collapsing under the weight of a crippling economic crisis. In his second trip to Lebanon in less ... More »

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Turkey detains senior Islamic State figure, minister says

ISTANBUL (Reuters) – Turkish police have arrested the Islamic State militant group’s top figure in Turkey, Interior Minister Suleyman Soylu said on Tuesday. Soylu said on Twitter “important plans” had been seized along with the militant. No further details wer... More »

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Osaka keen to spread awareness about racial injustice

NEW YORK (Reuters) – Japan’s Naomi Osaka says she wants to spread awareness about racial injustice after the former U.S. Open champion walked onto court with a mask bearing the name of Breonna Taylor on Monday. Osaka, who moved to the United States as a three-... More »

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Osaka allays injury fears in three-set win over Doi

NEW YORK (Reuters) – Japan’s Naomi Osaka showed no signs of discomfort from the injury that forced her to miss a final on Saturday but the former U.S. Open champion had to dig deep to beat compatriot Misaki Doi 6-2 5-7 6-2 in her opener at Flushing Meadows. A ... More »

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Mainland China reports 10 new COVID-19 cases vs 17 a day earlier

BEIJING (Reuters) – Mainland China reported 10 new COVID-19 cases on Aug. 31, down from 17 reported a day earlier, the country’s health authority said on Tuesday. The National Health Commission said in a statement that all new cases were imported infections in... More »

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Mexico records 3,719 new coronavirus cases, 256 more deaths

MEXICO CITY (Reuters) – Mexico’s health ministry on Monday reported 3,719 new confirmed cases of coronavirus infections and 256 additional fatalities, bringing the total in the country to 599,560 cases and 64,414 deaths. The government has said the real number... More »

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Algeria approves more measures to ease coronavirus lockdown

ALGIERS (Reuters) – Algerian authorities said on Monday they will carry out further measures to ease a coronavirus lockdown from Sept. 1, including lifting a ban on some cultural activities such as reopening museums and libraries. Nurseries would also be reope... More »

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Indians seek out fortune tellers to fight COVID-19 blues

NEW DELHI (Reuters) – In his golden-hued office, decked out with peacock feathers and crystal balls, Indian mystic healer and astrologer Sanjay Sharma is busy offering his clients a peek into their future as the COVID-19 pandemic has muddied their present. “Ri... More »

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Factbox: Quotes from court hearings for New Zealand mosque shooter

WELLINGTON (Reuters) – The gunman who killed 51 Muslim worshippers in New Zealand’s worst mass shooting faces a life prison term, possibly without parole, with multi-day sentencing hearings taking place this week. Brenton Tarrant, an Australian, has pleaded gu... More »

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In China, a Trump wax statue maker laments virus impact

SHANGHAI (Reuters) – For Zeng Sheng, the manager at Shanghai Maiyi Arts, this autumn should have been a boon for business: with the U.S. presidential election, demand for the centre’s wax replicas of Donald Trump should have been off the charts. Instead, the s... More »

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Comedian mocks Zimbabwe’s government, despite fear of reprisal

HARARE (Reuters) – Victor Mpofu is using satire to shine a light on Zimbabwe’s political problems, reaching a growing audience despite living in fear of retribution from President Emmerson Mnangagwa’s government. Mpofu, aka Doc Vikela, has seen his followers o... More »

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New Zealand’s Ardern postpones election as coronavirus flares up

WELLINGTON (Reuters) – New Zealand’s prime minister postponed the country’s general election on Monday by a month to Oct. 17 as the city of Auckland remains in lockdown due to a growing coronavirus outbreak. Jacinda Ardern bowed to pressure to delay the polls ... More »

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Russia reports nearly 5,000 new coronavirus cases

MOSCOW (Reuters) – Russia reported 4,892 new cases of the novel coronavirus on Monday, pushing its tally so far to 927,745, the fourth largest in the world. Authorities said 55 people had died across the country in the last 24 hours, increasing Russia’s offici... More »

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Facebook faces heat from Indian lawmakers on content practices

NEW DELHI (Reuters) – Indian politicians are trading barbs over a media report that Facebook Inc’s (FB.O) content policies favoured Prime Minister Narendra Modi’s party, putting the social network at the centre of a political storm in its biggest market by use... More »

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Czech reported coronavirus cases exceed 20,000

PRAGUE (Reuters) – The Czech Republic’s overall number of coronavirus cases rose above 20,000, as the country tries to contain regional hotspots of the virus. As of Aug. 16, there were 20,012 cases in the country of 10.7 million, with 121 new cases found on Su... More »

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Asia shares push ahead as China markets jump

SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »

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Take Five: Impasse!

1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »

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Factbox: Oil refiners shut plants as demand losses seen continuing

(Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses. The pandemic initially cut... More »

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New Zealand new wage subsidy scheme expected to cost $333 million

WELLINGTON (Reuters) – New Zealand’s Finance Minister Grant Robertson said on Monday that the new wage subsidy scheme is forecast to cost about NZ$510 million ($333.80 million) and cover 470,000 jobs. The scheme was announced last week after New Zealand locked... More »

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Mexican judge suspended after outcry over child abuse case

MEXICO CITY (Reuters) – A judge in Mexico’s Jalisco state who rejected prosecutors’ calls for harsher charges against a police official accused of sexually abusing a 10-year-old girl has been suspended after widespread outrage over the case. According to Sandr... More »

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El Al Israel Airlines chairman steps down for medical reasons

JERUSALEM (Reuters) – The chairman of El Al Israel Airlines (ELAL.TA), Eli Defes, is stepping down immediately because of an undisclosed medical condition, he said on Sunday. Defes joined El Al’s board in 2015 and became chairman in 2017. It was not immediatel... More »

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Stocks dip on lukewarm data- oil falls

NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »

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U.S. equity funds post $5.6 billion weekly inflow: Lipper

(Reuters) – U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. U.S. equity funds registered $5.6 billion in inflows in the week ended on Wednesday, according t... More »

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China sends fighter jets as U.S. health chief visits Taiwan

TAIPEI (Reuters) – Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.... More »

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Russia fines Google for not blocking banned content – Ifax

MOSCOW (Reuters) – A Russian court on Monday fined Google 1.5 million roubles ($20,350) after finding it guilty of failing to block content banned in Russia, the Interfax news agency reported. Source: https://www.reuters.com/article/us-russia-alphabet-lawsuit/... More »

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Iran says Beirut blast should not be politicised

DUBAI (Reuters) – Iran said on Monday that countries should refrain from politicising the massive blast in Beirut last week, and that the United States should lift sanctions against Lebanon. “The blast should not be used as an excuse for political aims … the c... More »

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China ex-regulator warns on bank funding risk as NCD issues boom

SHANGHAI (Reuters) – The former head of China’s securities regulator has raised concern about banks addressing funding shortages by ramping up issues of short-term interbank debt instruments that have in the past attracted regulatory scrutiny. Xiao Gang, forme... More »

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Russia reports more than 5,100 new coronavirus cases

MOSCOW (Reuters) – Russian authorities confirmed 5,118 new cases of the novel coronavirus on Monday, pushing the national case tally to 892,654, the fourth largest in the world. The official death toll rose to 15,001 after authorities said in their daily coron... More »

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Saudi Aramco’s profit plunges, sees signs of oil market recovery

DUBAI (Reuters) – State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter. But the company stuck with plans to pay $... More »

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Hyundai Motor shares rise as much as 10% on Ioniq EV plan

SEOUL (Reuters) – Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker... More »

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China reports 49 new coronavirus cases in mainland on August 9

SHANGHAI (Reuters) – China reported on Monday 49 new coronavirus cases in the mainland for August 9, compared with 23 cases a day earlier, the health authority said. The National Health Commission said in a statement 35 of the new infections were imported case... More »

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Saudi information security firm Elm to acquire Tabadul

DUBAI (Reuters) – Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a statement on Sunday. The Public Investment Fund (PIF) also owns Elm and was considering an initial ... More »

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Abu Dhabi’s Tawazun to build satellite centre with Airbus

DUBAI (Reuters) – Abu Dhabi state defence and security entity Tawazun is to build a satellite assembly, integration and testing centre with Airbus in the United Arab Emirates’ oasis city of Al Ain, state news agency WAM reported on Wednesday. The centre also i... More »

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Microsoft talks to buy TikTok’s U.S. operations spark ire in China

BEIJING/HONG KONG (Reuters) – A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Monday on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. te... More »

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Flash floods kill two in Thailand, storm heads for Myanmar

BANGKOK (Reuters) – Flash floods killed at least two people and swept through hundreds of houses in northern Thailand, authorities said after tropical storm Sinlaku dumped heavy rains on 18 provinces over the weekend. Muddy, waist-high waters poured into homes... More »

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Islamic State storm Afghan jail, freeing hundreds of prisoners

KABUL (Reuters) – More than 300 prisoners were at large on Monday after an attack by Islamic State on an Afghan prison, the governor’s spokesman said on Monday, as clashes continued between prisoners and security forces. The assault began on Sunday night on th... More »

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Brazil’s central bank says Whatsapp payment tests have begun

RIO DE JANEIRO (Reuters) – Brazil’s central bank said on Monday that tests had begun to trial payments via Facebook Inc’s messaging service WhatsApp in the country, calling them an “important advance.” In a statement, the bank said that the tests involve no re... More »

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Summer mood swings: markets turn higher on hopes of virus aid

LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »

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Vietnam says early August ‘decisive’ in containing coronavirus

HANOI (Reuters) – Vietnam is in the midst of a “decisive” fight against the novel coronavirus, its premier said on Monday, focusing on the city of Danang where infections have appeared in four factories with a combined workforce of 3,700. Vietnam, widely prais... More »

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There may never be a ‘silver bullet’ for COVID-19, WHO warns

GENEVA (Reuters) – The World Health Organization warned on Monday that, despite strong hopes for a vaccine, there might never be a “silver bullet” for COVID-19, and the road to normality would be long. More than 18.14 million people around the world are report... More »

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Vietnam says it has no plans for widespread lockdown

HANOI (Reuters) – Vietnam has no plans for a widespread lockdown and will only put areas considered epicentres under strict quarantine, the government’s spokesperson said on Monday. “We will only implement social distancing in areas considered virus epicentres... More »

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Vietnam reports 21 new coronavirus infections

HANOI (Reuters) – Vietnam reported 21 more novel coronavirus infections late on Monday, bringing the total number of cases in the country to 642. All of the new cases are linked to Danang, the new coronavirus epicentre where Vietnam more than a week ago detect... More »

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Russia to scrap Cyprus tax deal after talks fail: finance ministry

MOSCOW (Reuters) – Russia’s finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, and that legal changes would make it more profitable for people to transfer money back ... More »

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Russia is raising oil output as OPEC+ cuts ease: source

MOSCOW (Reuters) – Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday. The Energy ... More »

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Greek Sakkari was ready to swap racket for track spikes

(Reuters) – Greek tennis player Maria Sakkari says she was so desperate for competition during the COVID-19 shutdown that she considered running in the 100m at the national athletics championships. The 25-year-old is seeded third at the WTA’s Palermo Ladies Op... More »

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U.S. stock funds shed $1.05 billion in week: Lipper

(Reuters) – U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper. Taxable bond funds attracted $9.37 billion, the sixteenth straight weekly inflow, while U.S. money market funds shed $17.44 billion in the la... More »

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Hundreds jam airport as evacuations from Vietnam’s Danang begin

HANOI (Reuters) – The airport in the central Vietnamese tourism hotspot of Danang was packed on Monday after three residents tested positive for the coronavirus and the evacuation of 80,000 people began. The Southeast Asian country is back on high alert after ... More »

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Exchange of fire across Israel-Lebanon border, Israeli media reports

JERUSALEM (Reuters) – The Israeli military said a there has been a “security incident” on Israel’s northern border with Lebanon on Monday and ordered residents in the area to remain indoors. Israel’s N12 TV News reported an exchange of fire between Israeli for... More »

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Full ceasefire takes effect in eastern Ukraine

KYIV (Reuters) – A full and comprehensive ceasefire between Ukrainian government forces and pro-Russian separatists has entered into force in eastern Ukraine, opening the prospect of an end to military and civilian casualties, the two sides said on Monday. Ukr... More »

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Gold roars to record high, dollar dives again

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

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Kenya’s Cheruiyot ready to hunt for glory on the track again

NAIROBI (Reuters) – Kenya’s Timothy Cheruiyot, the 1,500 metres world champion, is hoping to return to competitive running next month after a hiatus caused by the coronavirus crisis. Cheruiyot, a three-time Diamond League winner, has targeted the Aug. 14 Monac... More »