By Gleb Garanich KYIV (Reuters) -Russia launched missile and drone strikes on southern and eastern Ukraine overnight that damaged infrastructure in the Black Sea port of Odesa, Ukrainian officials said on Tuesday. The attack on Odesa, one of Ukraine’s main ports for exporting grain, followed a pledge of retaliation by Russia after a blast on…
By Clare Jim HONG KONG (Reuters) – China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for the past two years raises questions about the viability of its restructuring plan and operations, creditors and analysts said. A comment from Evergrande’s auditor that it did not express an opinion on the reports…
BEIJING (Reuters) – China’s next-generation crewed spacecraft, which can transport up to seven astronauts, may fly for the first time between 2027 and 2028, a veteran Chinese astronaut said. China’s manned space flights began in 2003 when former fighter pilot, Yang Liwei, was sent into orbit in a small bronze-coloured capsule, the Shenzhou-5, becoming China’s…
SEOUL (Reuters) – For the first time since the 1980s a U.S. nuclear-armed ballistic missile submarine (SSBN) is in South Korea, a senior U.S. official said on Tuesday, as the allies launched talks to coordinate responses in the event of a nuclear war with North Korea. White House Indo-Pacific coordinator Kurt Campbell announced the long-expected…
TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to go for “very small and reduced” cooperation between them with a deal to overhaul their long-standing alliance. “With the latest agreement, they’re trying to go for a mini alliance with a very reduced scope of…
TAIPEI (Reuters) – Taiwan is looking to buy National Advanced Surface-to-Air Missile Systems, or NASAMS, from the United States to upgrade its air defence capabilities having seen how well they work in Ukraine, the island’s defence minister said on Tuesday. China, which claims Taiwan as its own territory, has stepped up military and political pressure…
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the property sector. Data on Monday showed China’s economy grew 6.3% in the second quarter on a year-on-year basis, accelerating from 4.5% in the first three…
By Liliana Salgado PHOENIX (Reuters) -Asia, Europe and the United States baked under extreme heat on Monday as global temperatures soared toward alarming highs and U.S. leaders sought to reignite climate diplomacy with China. The United States was scorched by record-setting heat in the West and South, lashed with flood-triggering rain in the Northeast, and…
(Reuters) – France’s President Emmanuel Macron will visit Papua New Guinea next week, the latest world leader to visit the Pacific Islands nation which says it is “neutral ground” amid competition between China and the U.S. for influence in the region. Papua New Guinea’s Prime Minister James Marape said in a statement on Tuesday that…
By Andrea Shalal (Reuters) – World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank’s balance sheet and help countries tackle climate change and other challenges, but said a capital increase would still eventually be needed. Banga, a former Mastercard CEO who took over the helm of the World Bank on…
