Wednesday, 9 Jul 2025

Asia

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Fed's Kaplan says he's 'agnostic' on next Fed rate move

DALLAS (Reuters) – U.S. interest-rates are “for the moment” at the correct setting for the economy, Dallas Fed President Robert Kaplan said on Thursday, but rising trade tensions and mounting inflationary pressures make it difficult to know whether the Fed’s next move will be a rate hike or a rate cut. “I’m agnostic at this […]

Fed: U.S. households see slight economic improvement over last year

WASHINGTON (Reuters) – Three quarters of Americans surveyed by the Federal Reserve last year said they were living comfortably or doing OK in 2018, roughly unchanged from the year before and continuing a six-year trend that has reflected the ongoing economic recovery and falling unemployment, the Fed reported on Thursday. The Fed’s latest Survey of […]

13 dead in Taliban attack on police HQ in northern Afghanistan

The Taliban assault killed 13 and wounded more than 50 police and civilians in Pul-e-Khumri city. Taliban fighters stormed a police headquarters in Afghanistan’s northern Baghlan province on Sunday killing at least 13 police with more than 50 people wounded, including 20 civilians, the interior ministry said.  The assault began when a Taliban fighter driving a […]

DoorDash valued at $12.6 billion after latest funding round

(Reuters) – Food delivery company DoorDash said on Thursday it raised $600 million in its latest round of funding, valuing the California-based startup at $12.6 billion. DoorDash, which has partnered with Chipotle Mexican Grill Inc and burger chain Wendy’s Co to deliver hot food ordered on its smartphone app, said here its business grew more […]

What is Modi’s record in office?

Following another convincing win at the polls, India’s Prime Minister Narendra Modi says he wants to continue his mission to transform the country. So what has his government already achieved since it came into office in 2014? BBC Reality Check has taken a look at how the BJP government has matched up to its promises […]

Prime Minister Lee Hsien Loong congratulates India's Narendra Modi on re-election

SINGAPORE – Prime Minister Lee Hsien Loong has congratulated India’s Narendra Modi on his re-election after a landslide election result, according to a Ministry of Foreign Affairs press statement issued on Thursday (May 23). “The strong mandate reflects the results of your first term and the consequent trust that the people of India repose in […]

'Belligerent' NTU professor sentenced to jail after road rage incident

SINGAPORE – A university professor who vented his fury at a fellow motorist in a road rage incident has received a lecture of his own in a district court. Wang Jianliang – an associate professor at Nanyang Technological University (NTU ) – was branded “belligerent” by a judge, who heard how the 57-year-old had braked […]

China says US must show 'sincerity' for trade talks to continue

BEIJING (AFP) – China warned the United States on Thursday (May 23) that it must show “sincerity” if trade talks are to continue between the world’s top two economies, stressing that Beijing would “not yield” on major principles. “If the US wants to continue to talk, it should show sincerity and correct its mistaken actions. […]