Wednesday, 26 Jun 2024

Asia

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‘Butcher of Beijing’ Li Peng dies at 90

Former Chinese Premier Li Peng, has died at the age of 90, state media have announced. Mr Li died on Monday evening in Beijing of an unspecified illness, state news agency Xinhua said. He served in several top positions in China in the 1980s and 1990s. But he was best known as the “Butcher of […]

Ivory from nearly 300 elephants seized in haul

Singapore authorities have seized 8.8 tonnes (8,800kg) of elephant ivory, its largest ever seizure to date. Authorities estimate that the tusks, valued at $12.9m (£10.4m), have come from nearly 300 African elephants. Some 11.9 tonnes of pangolin scales valued at $35.7m were also seized. It is believed to have belonged to about 2,000 of the […]

Upbeat earnings lift European shares, autos zoom

(Reuters) – European shares were set to rise for a third straight session on Tuesday, tracking rises on Wall Street and in Asia, with auto stocks leading the charge. Hopes that the European Central Bank will cut interest rates on Thursday by 10 basis points to boost economic growth also fed into the positive sentiment. […]

Santander to contest 100 million euro Orcel claim

MADRID/LONDON (Reuters) – Santander (SAN.MC) said it would fight a 100 million euro ($112 million) lawsuit being brought by Italian banker Andrea Orcel after it withdrew an offer to make him its chief executive earlier this year. Santander offered Orcel, one of Europe’s highest profile bankers, the role but then changed its mind in January, […]

Profile: Dokdo/Takeshima islands

The island grouping at the centre of a diplomatic dispute between South Korea and Japan is known by several names. South Korea calls it Dokdo, which means solitary islands. Japan calls it Takeshima, which means bamboo islands. And it has also been known as the Liancourt Rocks, named by French whalers after their ship in […]

Trump, seeking to mend relations, welcomes Pakistan PM Imran Khan

WASHINGTON (NYTIMES) – US President Donald Trump, who on Twitter last year accused Pakistan’s leaders of “nothing but lies & deceit”, welcomed the country’s prime minister to the White House on Monday (July 22) in an effort to mend relations and seek help in ending the war in neighbouring Afghanistan. Seated next to Prime Minister […]

Trump says China's Xi Jinping acted responsibly on Hong Kong protests

WASHINGTON (REUTERS) – US President Donald Trump said on Monday (July 22) he believed Chinese President Xi Jinping had acted “very responsibly” with the protests in Hong Kong over an extradition Bill that could see people from the territory sent to China for trial. “We’re working on trade deals right now. We’ll see what happens,” […]

Trump pick for Fed calls for sharp interest rate cut: report

WASHINGTON (Reuters) – An economist tapped by U.S. President Donald Trump for a governorship at the Federal Reserve called for a sharp interest rate cut at the central bank’s policy meeting next week, the Washington Post reported on Monday. Asked if she supported a 50-basis point cut in the Fed’s target range for its benchmark […]