NAIROBI, Kenya (AP) — A new study has found that Facebook has failed to catch Islamic State group and al-Shabab extremist content in posts aimed at East Africa as the region remains under threat from violent attacks and Kenya prepares to vote in a closely contested national election. An Associated Press series last year, drawing…
TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation. Wall Street rallied Wednesday after the Fed’s hike, the biggest since 1994, as investors took heart from Chair Jerome Powell’s comments suggesting future rate…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
STOCKHOLM (Reuters) -Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Wednesday an increase in March through May sales that was bigger than expected. Net sales were up 17% year-on-year, or 12% measured in local currencies, at 54.5 billion Swedish crowns ($5.37 billion), it said in a statement. Analysts polled by Refinitiv had on average…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
By Lewis Krauskopf NEW YORK (Reuters) – Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging inflation and an aggressive Federal Reserve continue to pressure asset prices. The market’s losses have been steep. The 21.3% year-to-date decline in…
By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and underlined the challenge for policymakers amid the persistent drag from strict COVID curbs. The data, however, provides a path to revitalise…
BEIJING (AP) — China’s factory output rebounded in May, adding to a recovery from the latest COVID-induced economic slump after controls that shut down Shanghai and other industrial centers eased. Industrial production rose 0.7% over a year earlier, recovering from April’s 2.9% contraction, government data showed. Consumer spending edged up compared with April but was…
By Hadeel Al Sayegh and Saeed Azhar DUBAI (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all the shots. For years, Prince Alwaleed bin Talal, Saudi Arabia’s self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber…
BEIJING (Reuters) – China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and underlined the challenge for policymakers amid the persistent drag from strict COVID curbs. The data, however, provides a path to revitalise growth in the world’s second-biggest economy…
