ASXPAC

Musk says he would reverse Twitter ban on Donald Trump

Musk says he would reverse Twitter ban on Donald Trump

May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …

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Wall Street dips while treasury yields, oil prices drop

Wall Street dips while treasury yields, oil prices drop

NEW YORK, May 10 (Reuters) – Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth. US Treasuries rallied, with the yield on the benchmark 10-year note …

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Ukraine hails 'turning point' after Germany toughens stance on Russia

Ukraine hails ‘turning point’ after Germany toughens stance on Russia

KYIV, Ukraine, May 10 (Reuters) – Ukraine welcomed what it called an “historical turning point” as German Foreign Minister Annalena Baerbock visited Kyiv on Tuesday backing Ukraine’s bid for full European Union membership and cutting energy ties to Russia. Baerbock is the highest-ranking German government official to visit Ukraine since Russia’s invasion began on Feb. …

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South Korea's Yoon suggests 'bold' economic plan if North Korea abandons nukes

South Korea’s Yoon suggests ‘bold’ economic plan if North Korea abandons nukes

South Korea’s new president inaugurated on Tuesday Yoon made remarks after being sworn in Yoon has signaled a tougher line on North Korea But speech shows willingness to reopen denuclearization talks SEOUL, May 10 (Reuters) – South Korea’s new president, Yoon Suk-yeol, said on Tuesday that North Korea’s weapons programs pose a threat but that …

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Russia downed satellite internet in Ukraine, officials say

Russia downed satellite internet in Ukraine, officials say

Figurines with computers and smartphones are seen in front of the words “Cyber ​​Attack”, binary codes and the Ukrainian flag, in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Britain: UK, US intelligence suggests Russia behind attack EU: Attack on Viasat had ‘significant impact’ on communications …

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Protests break out as Philippines election returns a Marcos to presidency

Protests break out as Philippines election returns a Marcos to presidency

Marcos leads unofficial tally by wide margin over rivals Philippine stocks fall, but peso up following election About 400 anti-Marcos protesters rally outside poll commission Poll body dismisses appeals seeking to disqualify Marcos MANILA, May 10 (Reuters) – The Philippines woke to a new but familiar political landscape on Tuesday, after an election triumph by …

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'Like a prison': Shanghai, Beijing ratchet up COVID curbs

‘Like a prison’: Shanghai, Beijing ratchet up COVID curbs

Shanghai tells some to stay home, not receive deliveries Part of push to eliminate infections by late May -sources Chinese capital Beijing imposes tightest curbs so far Lawyers question legality of tough measures as anger grows China export growth weakest in two years SHANGHAI/BEIJING, May 9 (Reuters) – China’s two largest cities tightened COVID-19 curbs …

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Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks …

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Russian attacks on rail system fail to cripple 'lifeline of Ukraine'

Russian attacks on rail system fail to cripple ‘lifeline of Ukraine’

FASTIV, Ukraine, May 8 (Reuters) – A salvo of missiles brought the Kremlin’s war on Ukraine to Fastiv, a quiet town abounding with flowering cherry trees and set in sweeping farmland hundreds of kilometers from the front lines. The strike on April 28, which injured two people, hit an electrical substation that feeds power to …

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