Sunday, 26 May 2024

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Al Jazeera defends report on migrant arrests amid outrage in Malaysia

KUALA LUMPUR (REUTERS) – News broadcaster Al Jazeera has rejected allegations by Malaysian authorities that a documentary it aired last week about the arrest of undocumented migrants during the coronavirus pandemic was inaccurate, misleading and unfair. Malaysian police called in Al Jazeera’s reporters and staff for questioning on Friday (July 10) after several officials accused […]

India to invite Australia for naval drill, risking Beijing's ire

NEW DELHI (BLOOMBERG) – India plans to invite Australia to join the annual Malabar naval exercise that has so far included just Japan and the US, in a move that could risk China’s ire. The decision to include Australia in the drills – the first time all members of the regional grouping known as the […]

IMF, World Bank confirm plans for 'primarily virtual' annual meetings

WASHINGTON (Reuters) – The leaders of the International Monetary Fund and the World Bank on Thursday confirmed that they were preparing to hold their annual meetings in October largely online given the coronavirus pandemic. In a joint statement, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass said they were recommending the annual […]

Venezuela congress taps two U.S. firms to manage offshore funds

CARACAS (Reuters) – Venezuela’s congress on Thursday said it hired two U.S. firms to manage $80 million seized from President Nicolas Maduro’s government after Washington disavowed it and recognized opposition leader Juan Guaido as the country’s legitimate president. Opposition leaders are hoping to use some of the funds to provide stipends for doctors and nurses […]

Ireland's Donohoe takes Eurogroup helm during worst recession

BRUSSELS (Reuters) – The Eurogroup of euro zone finance ministers on Thursday elected Ireland’s Finance Minister Paschal Donohoe as its new chair, a job that will see him try to steer the group’s coronavirus-damaged economies out of their worst recession. Dubbed “Prudent Paschal” by some local media, the Dubliner eschewed demands for bigger tax cuts […]

Coronavirus records in Florida, Texas and California erode hopes of economic revival

(Reuters) – Record-breaking coronavirus cases and deaths in several U.S. states are dimming hopes of economic recovery, with cellphone data showing shoppers are staying away from stores in areas where cases are rising the most. In Arizona, Texas, Florida, Georgia and South Carolina, which were among the first states to reopen commerce in May, retail […]

U.S. Supreme Court to weigh FTC authority to seek ill-gotten gains

WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Thursday to decide whether the Federal Trade Commission can continue to require scam artists and firms that engaged in deceptive business practices to return money improperly obtained from consumers. The justices will hear the FTC’s appeal of a lower court’s 2019 ruling that the agency could […]

Seoul Mayor Park Won-soon found dead by police

Seoul mayor went missing on Thursday after leaving a voicemail that his daughter described as sounding like a will. The mayor of South Korea’s capital has been found dead, more than half a day after giving his daughter a will-like message and then leaving home, police said. The body of Park Won-soon was found at Mt […]

Man arrested for suspected involvement in sexual service scam

SINGAPORE – A 31-year-old man has been arrested for his suspected involvement in a sexual service scam. The police said that on June 21, they received a report from a man that he was a victim of a sexual service scam, after he responded to an advertisement offering sexual services posted on online classifieds website […]

U.S. Treasury chief supports more direct payments in next coronavirus aid bill

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday that he supports another round of direct payments to individuals as part of the next coronavirus legislation and is working to get it passed by Congress by the end of July. Mnuchin also told CNBC in an interview that not all of the airlines […]