Top Chinese envoy to visit Ukraine, Russia on ‘peace’ mission

BEIJING (Reuters) -A top Chinese envoy will begin a tour of Ukraine, Russia and other European countries on Monday in a trip Beijing says is aimed at discussing a “political settlement” to the Ukraine crisis. Li Hui, China’s special representative for Eurasian affairs and former ambassador to Russia, will also visit Poland, France, Germany on…

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Analysis-Consultancy firms in China tested limits before Beijing’s crackdown

By Engen Tham and James Pomfret SHANGHAI/HONG KONG (Reuters) – China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing’s patience to meet surging demand as China emerged from its COVID-lockdowns. These consultancies thrived by providing investors – from…

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Indonesia April trade surplus beats forecast; exports, imports fall

By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s April trade surplus came in slightly bigger than expected, even as exports and imports plunged amid declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia’s largest economy from pandemic lows has been fuelled by a global commodity boom,…

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Turkey faces runoff election with Erdogan leading

By Orhan Coskun, Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) -Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday’s election but fell short of an outright majority to extend his 20-year rule of the NATO-member country. Neither Erdogan nor Kilicdaroglu cleared the 50% threshold needed…

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China’s rising clout spotlighted at finance chief meetings before G7 summit

By Tetsushi Kajimoto TOKYO (Reuters) – The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China as a threat in their communique, but left signs the world’s second-largest economy will loom large at this week’s summit in Hiroshima. Efforts to grapple with China’s growing global presence…

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Thailand opposition crushes military parties in election rout

By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s opposition secured a stunning election win on Sunday after trouncing parties allied with the military, setting the stage for a flurry of deal-making over forming a government in a bid to end nearly a decade of conservative, army-backed rule. The liberal Move Forward party and the…

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