SEVASTOPOL (Reuters) -Rail traffic has been suspended between Simferopol, capital of the Crimean peninsula, and the city of Sevastopol, after a freight train carrying grain derailed, the region’s Russian-installed leader said on Thursday. The derailment was caused by “interference by outsiders”, Crimean railways said in a statement. In a statement posted on Telegram, Sergei Aksyonov…
SYDNEY (Reuters) – Australian police have launched an investigation after a 95-year-old woman was injured during an “interaction” with police at an old people’s home. Media said police had tazered the great-grandmother, who has dementia, on Wednesday at the care home in the town of Cooma, about 300 km southwest of Sydney. “A critical incident…
By Claudia Greco and Crispian Balmer BOLOGNA, Italy (Reuters) -Nine people died and thousands were evacuated from their homes as torrential rain battered Italy’s northern Emilia-Romagna region, triggering floods and landslides, officials said on Wednesday. Civil Protection Minister Nello Musumeci said some areas had received half their average annual rainfall in just 36 hours, causing…
By Clare Jim and Xie Yu HONG KONG (Reuters) – A shrinking land bank and sluggish property demand are likely to hamper the plans of a growing number of private Chinese developers who have defaulted on their debt and are restructuring it to win breathing room to revive their fortunes. Those hurdles could hinder the…
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year, buoyed by China’s reopening and a post-pandemic recovery-led earnings rebound, investors and strategists said. Liquidity from easing monetary and fiscal policy, along with Asian central banks’ early victory on inflation, is expected to defend against…
By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -The leader of the progressive Move Forward Party that delivered a surprise victory in Thailand’s election said on Thursday he was confident he could muster additional support from rivals to back his alliance and form a stable government. Move Forward, which won most seats after it capitalised…
By Susan Heavey, Doina Chiacu, Andrea Shalal WASHINGTON (Reuters) -President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default. After a monthslong standoff, the Democratic president and the speaker of…
TOKYO (Reuters) – Toyota Motor Corp and two allied automakers unveiled a micro-sized electric van targeted at Japan’s delivery industry on the sidelines of the Group of Seven (G7) summit in Hiroshima on Thursday. The small electric commercial van will run on a battery electric vehicle (BEV) system that Toyota is jointly developing with minivehicle…
By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) – China’s heavily managed yuan has dropped to multi-month lows and breached the closely watched 7-per-dollar level, and analysts who are predicting more weakness point to the U.S. Federal Reserve’s policy as being the bigger driver than economic weakness at home. The yuan, also referred to as…
By David Shepardson (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to protect residents from alleged intelligence gathering by China, making it the first U.S. state to ban the popular short video app. Montana will make it unlawful for Google and Apple’s app stores…
