China’s Tumbling Industrial Profits Deepens Economic Gloom

BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery. The 18.8% year-on-year slump in profits came on top of the 20.6% contraction in January-April, and added to evidence of…

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South Korea unveils sanctions on Russian national over North’s weapons programmes

SEOUL (Reuters) – South Korea on Wednesday announced new sanctions on two individuals and two entities over their alleged involvement in North Korea’s weapons programmes, Seoul’s foreign ministry said. The sanctions target Choi Chon Gon, a former South Korean national who acquired Russian citizenship, two companies Choi owns and a North Korean who supported Choi,…

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East Europe NATO allies say Wagner troops in Belarus spell trouble

By Anthony Deutsch THE HAGUE (Reuters) – Eastern European NATO countries on Tuesday warned that a move of Wagner’s Russian mercenary troops to Belarus would create greater regional instability, but NATO Secretary General Jens Stoltenberg said the alliance is ready to defend itself against any threat. “If Wagner deploys its serial killers in Belarus, all neighbouring countries…

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Bolsonaro’s political hopes wither as key judge votes to bar him from office

By Ricardo Brito BRASILIA (Reuters) -Former Brazilian President Jair Bolsonaro was staring into the political abyss on Tuesday when a federal electoral court (TSE) justice voted to bar him from office until 2030 for anti-democratic abuse of power during last year’s fraught election. The vote by Benedito Goncalves, the lead justice in the case against…

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Ex-Trump lawyer Giuliani interviewed in US special counsel’s election probe -CNN

(Reuters) -Rudy Giuliani, an ex-lawyer of former U.S. President Donald Trump, has been interviewed as part of a probe by Special Counsel Jack Smith into interference in the 2020 presidential election, CNN reported on Tuesday, citing unnamed sources. Smith is investigating accusations that Trump sought to overturn the results of the 2020 election that he…

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