BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four months, a survey showed on Thursday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 43.2 from 44.5 in…
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday amid a weak post-COVID recovery, as despondent young people rush to pray or gamble amid greater economic uncertainty. Data showed Chinese temple visits more than quadrupled this year compared with…
By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) – As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even betting against what many see as the beginning of a long-overdue era of profitability and returns. The Nikkei share average’s closed out its best month in…
By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to…
(Refiles to correct spelling of ‘dynamic’ in headline) By Farah Master HONG KONG (Reuters) – China’s Henan province has unveiled a 100-day plan to “dynamically clear” youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to graduate this year. The plan, to take place in colleges…
OSLO (Reuters) – NATO is prepared to deploy more troops to Kosovo to quell violence in the ethnically polarized north, the alliance’s chief Jens Stoltenberg said on Thursday, adding that the first 700 reinforcement troops are on the way there. “NATO will remain vigilant. We will be there to ensure a safe and secure environment,…
MOSCOW/KYIV (Reuters) -Russia said Ukrainian artillery hit a Russian town for a third time this week and drones struck two oil refineries in an uptick in attacks on Russian territory as Ukraine prepares a Western-backed push to end Moscow’s invasion. Inside Ukraine, Russian-installed officials said five people had been killed in Ukrainian army shelling of…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off, with growth woes and “sticky” inflation data prompting policymakers to tread more cautiously. All six of the central banks overseeing one…
By Joey Roulette and Steve Gorman WASHINGTON (Reuters) -Members of an independent NASA panel studying UFOs, or what the U.S. government now terms UAP for “unidentified anomalous phenomena,” said in their first public meeting on Wednesday that scant high-quality data and a lingering stigma pose the greatest barriers to unraveling such mysteries. The 16-member body,…
By Julie Zhu HONG KONG (Reuters) – Tesla Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. The source declined to provide details of the discussions. The previously unreported meeting followed meetings with China’s commerce and industry ministers earlier in the…
