China strategy is about rules-based order, not ‘new Cold War,’ Blinken says

China strategy is about rules-based order, not ‘new Cold War,’ Blinken says

Blinken calls China the most serious challenge to global order In response, China says both stand to gain from cooperation WASHINGTON, May 26 (Reuters) – The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited … Read more

Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS / Thomas Peter Register now for FREE unlimited access to Reuters.com Register Q4 adjusted profit 7.95 yuan / share vs estimate 7.31 yuan / share Q4 revenue up 9% to 204.05 bln yuan vs estimate 199.25 bln yuan … Read more

UK imposes 25% energy windfall tax to help households as bills surge

Energy producers making extraordinary profits, says Sunak Five billion pound tax offsets 15 billion pound support plan High inflation causing acute distress for Britons – Sunak LONDON, May 26 (Reuters) – Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion pound ($ 18.9 billion) package of … Read more

Exclusive: US and Ukraine discuss danger of escalation as new arms extend Kyiv’s reach

WASHINGTON, May 26 (Reuters) – As the United States and its allies provide Ukraine with increasingly sophisticated arms, Washington has held discussions with Kyiv about the danger of escalation if it strikes deep inside Russia, US and diplomatic officials tell Reuters. The behind-the-scenes discussions, which are highly sensitive and have not been previously reported, do … Read more

China, Australia vie for Pacific influence with dueling visits

Chinese Foreign Minister Wang Yi poses for a picture prior to meeting US Secretary of State Antony Blinken on the sidelines of the G20 summit in Rome, Italy October 31, 2021. Tiziana Fabi / Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 26 (Reuters) – China and Australia launched … Read more

Ukraine says Russia shells more than 40 towns in Donbas push

Russian forces shell 40 towns in eastern Ukraine – military Mass graves for civilians killed – Luhansk governor 8,000 Ukrainian POWs in Luhansk and Donetsk – Tass KYIV, May 26 (Reuters) – Russian forces shelled more than 40 towns in Ukraine’s eastern Donbas region, forcing Ukrainians to bury civilians killed in mass graves, as Tass … Read more

Boris Johnson takes responsibility but will not quit over lockdown parties

Official report blames senior leadership failures Time to go, Labor leader tells UK prime minister LONDON, May 25 (Reuters) – Boris Johnson said he was humbled and took responsibility but refused to quit after a damning official report on Wednesday detailed a series of illegal lockdown parties at the British leader’s Downing Street office. Opposition … Read more

Wall Street rallies as Fed minutes meet expectations

Fed minutes: future 50-bp rate hikes ‘likely’ Nordstrom climbs after raising profit outlook Nvidia Q2 revenue forecast falls short of expectations Indexes up: Dow 0.60%, S&P 0.95%, Nasdaq 1.51% NEW YORK, May 25 (Reuters) – Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt … Read more

Ukraine’s embattled farmers running on empty as world faces food crisis

More than 20 million tonnes of grain stuck in silos Farmers waiting weeks for diesel deliveries Ukraine seeks other export routes as ports blocked PARIS / LONDON, May 25 (Reuters) – After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – … Read more

S&P 500, Nasdaq slide as weak economic data, dire outlooks stoke recession fears

Snap Inc tumbles, profit fears hit rival social media cos Abercrombie & Fitch slumps after lowering revenue outlook Indexes: Dow up 0.15%, S&P down 0.81%, Nasdaq slides 2.35% NEW YORK, May 24 (Reuters) – The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation … Read more