World

8th February

Mexico opposes restart of U.S. ‘Remain in Mexico’ immigration policy

MEXICO CITY (Reuters) -The Mexican government said on Monday it is opposed to a possible restart of the U.S. immigration policy known as “Remain in Mexico” which required asylum seekers to wait for U.S. hearings...

Baidu to finish testing ChatGPT-style project ‘Ernie Bot’ in March

BEIJING (Reuters) – China’s Baidu Inc said on Tuesday it would complete internal testing of a ChatGPT-style project called “Ernie Bot” in March, joining a global race as interest in generative artificial intelligence (AI) gathers steam. Ernie,meaning “Enhanced Representation through Knowledge Integration,” is a large AI-powered language model introduced in 2019, Baidu said. It has...

Oil rises on supply concerns, China demand outlook brightens

(Reuters) – Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China, the world’s biggest importer, looks set to increase. Brent crude futures rose 40 cents, or 0.5%, to $81.39...

Philippine Jan annual inflation accelerates to 8.7%

MANILA (Reuters) – Philippine inflation accelerated to a fresh 14-year high in January, the statistics agency said on Tuesday, keeping the pressure on the central bank to tighten monetary policy. The consumer price index (CPI) rose 8.7% in January, way above the 7.7% forecast in a Reuters poll and topping the 8.1% rate in December....

France’s Macron faces third round of pension reform strikes

PARIS (Reuters) – President Emmanuel Macron and his government on Tuesday braced for a third wave of nationwide strikes and protests against plans to make the French work longer before retirement, as the bill started its bumpy passage through parliament. Rail services will be disrupted, school classes cancelled and refinery deliveries impacted as workers across...

Derailed train cars in Ohio drained of explosive chemical

(Reuters) -Crews in eastern Ohio conducted operations on Monday to drain and burn off an “unstable” toxic chemical cargo from five rail cars of a freight train that derailed in a fiery wreck three days earlier, prompting mass evacuations, authorities said. The “controlled release” of pressurized vinyl chloride, a highly flammable and carcinogenic gas, began...

South Korea unveils details of steps to broaden FX market

SEOUL (Reuters) – South Korea unveiled on Tuesday details of a long-touted plan to expand its currency spot and swap markets to offshore players as it strives to make its stock and bond markets more attractive to global investors. The inter-dealer market for the won will be open for an additional 10 hours, and offshore...

Illegal miners in Yanomami reservation seek Brazil government help to leave

BRASILIA (Reuters) – Illegal gold miners blamed for causing a humanitarian crisis on Brazil’s largest indigenous reservation are asking authorities to help them leave, one of their leaders and a Brazilian senator said on Monday. Aware of an imminent military enforcement operation to evict them, Jailson Mesquita, head of the Garimpo e Legal movement (Wildcat Mining Is...

In alliance reboot, Nissan to buy up to 15% stake in Renault EV unit

LONDON (Reuters) – Japanese car maker Nissan will buy a stake of up to 15% in Renault’s electric vehicle (EV) unit Ampere, the pair said on Monday, in a reboot of a long and sometimes contentious alliance that will also create more common car platforms. The agreement, which came after months of tense talks, includes...

7th February

Japan Dec real wages rebound on one-off bonuses, household spending falls

TOKYO (Reuters) -Japanese real wages rose for the first time in nine months thanks to robust temporary bonuses, but uncertainty remains on whether pay hikes will continue to sustain Japan’s economic recovery. Separate data showed household spending falling for a second month in December, as rising prices offset otherwise robust private consumption fuelled by the...

U.S. seeks Chinese balloon remnants, says approach to China will stay calm

WASHINGTON/BEIJING (Reuters) – The U.S. Coast Guard on Monday imposed a temporary security zone in waters off South Carolina during the military’s search for debris from a suspected Chinese spy balloon shot down by a U.S. fighter jet, and the White House said it would keep a calm approach to relations with Beijing. President Joe...

Chile battles deadliest wildfires on record as heatwave grips

SANTIAGO (Reuters) – Chilean firefighters were battling to hold back forest fires on Monday as authorities said hot and dry weather would continue this week, potentially exacerbating what are already the deadliest blazes in the country’s recent history. The fires, which have consumed 270,000 hectares (667,000 acres) of land, have killed 26 people so far...

Japan Dec real wages post first rise in 9 months on 26-year-high nominal growth

TOKYO (Reuters) – Japan’s real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses. The market closely watches wage trends in the world’s third largest economy as high pay growth to counter price increases is...

‘Call of Duty’ steers Activision sales in tough quarter for game makers

(Reuters) -Videogame publisher Activision Blizzard beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its “Call of Duty” franchise. A string of launches in October and November, including “Call of Duty: Modern Warfare II”, “Warzone 2.0” and “World of Warcraft: Dragonflight” from the fantastical world...

In Turkey, night fills with screams and crying as earthquake rescues go on

HATAY, Turkey/DAMASCUS (Reuters) – The screams of people still trapped in the rubble filled the night early on Tuesday and relatives wept for their loved ones as the death toll in Turkey and in neighbouring northwest Syria rose to more than 3,700. The magnitude 7.8 quake rippled through both countries early on Monday, toppling entire...

Pinterest fails to pique Wall Street interest with downbeat forecast 

(Reuters) -Image-sharing platform Pinterest Inc reported lower-than-expected quarterly revenue on Monday joining peers Alphabet Inc and Snap Inc in sounding the alarm on a still-weak ad market. Shares of the company, which projected tepid first-quarter sales growth, pared losses and were down 3% in extended trading after falling 15%. Advertisers have slashed their marketing budgets...

China issues heavy fog warnings, some shipping suspended

BEIJING (Reuters) – China issued dangerous heavy fog warnings for many regions and shipping was suspended in the Qiongzhou Strait, an important economic transport hub near Hainan, according to state and local media on Tuesday. Video footage and pictures from social and local media showed thick fog in several cities with visibility of less than...

Major earthquake kills 3,700 in Turkey and Syria, weather hits survivors

KAHRAMANMARAS, Turkey/DAMASCUS (Reuters) – A huge earthquake killed more than 3,700 people across a swathe of Turkey and northwest Syria on Monday, with freezing winter weather adding to the plight of the thousands left injured or homeless and hampering efforts to find survivors. The magnitude 7.8 quake brought down whole apartment blocks in Turkish cities...

U.S. senators question Meta on Chinese, other developers’ access to sensitive data

WASHINGTON (Reuters) – Senators Mark Warner and Marco Rubio, chair and vice chair of the U.S. Senate Select Committee on Intelligence, wrote to Facebook parent Meta Platforms on Monday about documents that show it knew developers in China and Russia had access to user data that could be used for espionage. “It appears from these...

Inspired by dream of flying, Cambodian man builds ‘airplane house’

SIEM REAP, Cambodia (Reuters) – A Cambodian man, inspired by a lifelong dream of flying, has built a home that is modelled on a plane, complete with a fuselage-like structure standing 6 metres (19.69 ft) above the ground housing his two bedrooms and bathrooms. The concrete construction, which has mock engines, wings and a tailplane,...

Deadly Turkey earthquake sends rescuers scrambling for survivors

DIYARBAKIR/ANKARA, Turkey (Reuters) -A major earthquake of magnitude 7.9 killed more than 50 people in southern Turkey on Monday and was felt in Cyprus, Lebanon and Syria, collapsing dozens of buildings and triggering a search for survivors under the rubble in snowy streets. Turkish authorities scrambled rescue teams and supply aircraft to the region around...

U.S. working to recover suspected Chinese spy balloon

(Reuters) – The United States is working to recover a suspected Chinese spy balloon that was shot down off the coast of South Carolina, according to a statement released by the Pentagon on Sunday. “Our U.S. Navy component is currently conducting recovery operations, with the U.S. Coast Guard assisting in securing the area and maintaining...

Turkey earthquake of magnitude 7.9 shakes central region, Syria

DIYARBAKIR, Turkey (Reuters) – A strong earthquake of magnitude 7.9 struck southern Turkey early on Monday and was felt in Cyprus, Lebanon and Syria, collapsing buildings and sending residents into the snowy streets, witnesses and broadcasters said. The German Research Centre for Geosciences (GFZ) said the quake struck at a depth of 10 km (6...

Landmark Hong Kong national security trial starts 2 years after arrests

HONG KONG (Reuters) – Sixteen Hong Kong pro-democracy figures face trial on Monday, more than two years after their arrest, in what some observers say is a landmark case for the city’s judicial independence under a national security law imposed by Beijing. The defendants are those who pleaded not guilty out of 47 arrested in...

Asia shares skid, dollar gains as yields spike

SYDNEY (Reuters) – Asian shares slipped on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer. Bond markets took a beating in the wake of stunning reports on jobs and...

Dollar on the front foot after robust U.S. jobs data, yen falters

SINGAPORE (Reuters) – The dollar extended its rally on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news the Bank of Japan’s Deputy Governor Masayoshi Amamiya was being sounded out to be the next governor. The Nikkei newspaper reported, citing anonymous...

At least 24 dead in Chile as wildfires spread, driving many to flee for safety

SANTIAGO (Reuters) -Firefighters battled dozens of raging wildfires in Chile on Sunday, seeking to gain control of one of the country’s worst natural disasters in years as the death toll rose to at least 24 with nearly 1,000 more injured. International help began arriving on Sunday from a handful of countries that have pledged resources,...

U.S. military says it is searching for remnants of Chinese spy balloon

WASHINGTON (Reuters) – The U.S. military said on Sunday it is searching for remnants of the suspected Chinese surveillance balloon it shot down the previous day, in a dramatic spy saga that has further strained American-Chinese relations. The U.S. Navy is working to recover the balloon and its payload and the Coast Guard is providing...

Oil prices edge higher as IEA’s Birol talks up China demand outlook

MELBOURNE (Reuters) – Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world’s top oil importer. Brent crude futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at...

6th February

Renault, Nissan to fill in the blanks on their rejiggered alliance

LONDON (Reuters) – Nissan and Renault on Monday are set to unveil details of their redesigned alliance and answer questions about Renault’s electric vehicle (EV) business and how it will sell off most of its stake in the Japanese carmaker. The two companies announced a sweeping remake of their two-decade-old automaking alliance last month, which...

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