Asia

  • Meghan rushed through dark market on royal visit to Fiji
    The_duchess_of_sussex_was_rushed_through_her_visit_to_an_indoor_market_in_fiji%e2%80%99s_capital 2018-10-24 01:36:12 UTC
    SUVA, Fiji (AP) — The Duchess of Sussex was rushed through her visit to an indoor market in Fiji’s capital over apparent concerns about the location’s security. Meghan on Wednesday visited the Suva Market with the intention of meeting some of the female vendors who have been involved in the U.N. Women’s project “Markets for Change.” But Meghan spent only about half of her allocated 15 minutes there. After chatting with one vendor, she was whisked through the market by security as throngs of people arrived to greet her in a location that was enclosed and relatively dark. Vendors were selling watermelons, pineapples and other fruit ...
  • UNHCR: 4 million refugee children can't go to school
    4_million_refugee_children_around_the_world_can't_go_to_school 2018-09-23 22:16:47 UTC
    Four million refugee children around the world are excluded from education, according to a United Nations report. A solution should be to allow refugees to attend regular schools, the UNHCR has demanded. With more and more children forced to leave their homes, the number of refugees out of education has topped four million, according to the UN's Refugee Agency (UNHCR). The figure represents more than half of all school-age refugees around the world, according to the report named "Turn the Tide: Refugee Education in Crisis." <blockquote><h2>Key takeaways from the report</h2><blockquote><I> • There are now 7.4 million school-age refu...
  • Toyota to invest about $500 million in Uber Technologies
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 2018-08-28 01:30:16 UTC
    (Reuters) - Toyota Motor Corp will invest about $500 million in Uber Technologies Inc [UBER.UL] to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter. Toyota and Uber were not immediately available for comment. <hr><I><strong>Reporting by Arunima Banerjee in Bengaluru; Editing by Shailesh Kuber</I></strong><hr>
  • Iran praises EU for their efforts to salvage 'Nuclear deal'
    Federica_mogherini_and_javad_zarif-_iran_praises_eu_for_their_efforts_to_salvage_'nuclear_deal' 2018-08-19 16:50:57 UTC
    LONDON (Reuters) - Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues despite fresh U.S. sanctions. “We are hopeful that the European countries can meet their commitments but even if they cannot, we are seeking solutions to sell our oil and transfer its revenues,” Eshaq Jahangiri was quoted as saying by the state news agency IRNA. In similar remarks, Iranian foreign minister praised the European signatories for their efforts to salvage the deal, especially for EU’s so-called blocking statute that aims to mitigate the impact of U.S. sanctions for European businesses. Howe...
  • China takes over project in world’s biggest natural gas reserves in Iran
    China_takes_over_project_in_world%e2%80%99s_biggest_natural_gas_reserves_in_iran 2018-08-11 18:21:26 UTC
    Reuters - China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, the Iranian state news agency IRNA reported on Saturday. Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion, marking the first major Western energy investment in the country after sanctions were lifted in 2016. South Pars has the world’s biggest natural gas reserves ever found in one place. But the French company had said it would pull out unless it secured a U.S. sanctions waiver, and Gholamreza Manouchehri, deputy head of ...
  • North Korea expects no progress as long as US pushes for sanctions
    North_korea_claims_the_latest_u.n._sanctions_are_an_act_of_war 2018-09-06 00:41:10 UTC
    SEOUL/WASHINGTON (Reuters) - North Korea accused the United States on Thursday of pushing for international sanctions despite goodwill moves by Pyongyang and said progress on denuclearization promises could not be expected if Washington continues to follow an “outdated acting script.” A foreign ministry spokesman said in a statement on state-run KCNA that North Korea was still willing to implement a broad agreement made at the landmark June 12 summit in Singapore between U.S. President Donald Trump and North Korean leader Kim Jong Un. The two sides vowed to work towards North Korea’s denuclearization but have struggled to reach a dea...
  • Iran tells North Korea that the US cannot be trusted
    Iran_tells_north_korea_that_the_us_cannot_be_trusted 2018-08-09 15:34:50 UTC
    SEOUL/BEIRUT (Reuters) - Iranian President Hassan Rouhani told North Korea’s foreign minister that the United States cannot be trusted, Tehran’s state media said, as the United States seeks a deal to rein in the North’s nuclear and missile programs. North Korea for its part denounced the United States for its “outdated acting script” in pressuring the North with continued sanctions, but said it was still prepared to meet its obligations after a historic North Korea-U.S. summit in Singapore in June. Iran dismissed a last-minute offer from Washington for talks this week, saying it could not negotiate after the Trump administration rene...
  • Impact of escalating trade tensions between US and China
    Impact_of_escalating_trade_tensions_between_us_and_china 2018-08-08 18:14:42 UTC
    (Reuters) - U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China. The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s imports. In the latest development, Washington slapped additional tariffs on $16 billion worth of China’s goods and Beijing followed suit. The following is a list of recent comments made by U.S. companies: ** Tesla Inc said higher import duties on Chinese components and unfavorable currency movements likely to cause negative pressures. Price hikes made to offset the tariffs will likely h...
  • China slaps additional tariffs of 25 percent on $16 billion US imports
    China_slaps_additional_tariffs_of_25_percent_on__16_billion_us_imports 2018-08-08 17:44:20 UTC
    BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same day that the United States plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods. The United States published its final list of goods subject to the new tariffs on Tuesday. China’s final list announced on Wednesday differs from an earlier draft it publishe...
  • Germany and China standing together against US protectionism
    Germany_and_china_standing_together_against_us_protectionism 2018-07-09 21:02:43 UTC
    BERLIN (Reuters) - Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States. The deals, involving German industrial giants including Siemens, Volkswagen and BASF, come with the two leading exporting powerhouses being forced into an unlikely alliance in defense of the open global trade on which both their economies depend. Speaking at a news conference alongside Chinese Premier Li Keqiang, Chancellor Angela Merkel said: “We both want to sustain the system...
  • Trade war: China accuses US of “opening fire”
    China_warns_us___n-korea_not_let_the_situation_get_to_an_irreversible_stage 2018-07-05 16:53:07 UTC
    BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in. U.S. President Donald Trump has threatened to further escalate the trade conflict between the world’s two largest economies with tariffs on as much as $450 billion worth of Chinese goods if China retaliates, as the initial round of tariffs take effect at 12:01 a.m. EDT (0401 GMT) on Friday. There was no evidence of any last-minute negotiations between U.S. and Chinese officials, business sources ...
  • Iran reopens nuclear plant in preparation to increase uranium enrichment
    Iran_reopens_nuclear_plant_in_preparation_to_increase_uranium_enrichment 2018-06-27 23:50:27 UTC
    LONDON (Reuters) - Iran has reopened a nuclear plant idle for nine years, its atomic energy agency (AEOI) said on Wednesday, as Tehran prepares to increase uranium enrichment capacity if a nuclear deal with world powers falls apart after the U.S. withdrawal. U.S.-Iranian tensions have resurged since President Donald Trump pulled Washington out of the 2015 nuclear accord, calling it deeply flawed. Under the deal, Iran restricted its enrichment program to ease concerns it could not be put to developing nuclear weapons and in return won relief from sanctions. European signatories are trying to save the accord, which they see as crucial ...
  • North Korea, U.S. leaders sign document after meeting
    North_korea__u.s._leaders_sign_document_after_meeting 2018-06-12 06:12:23 UTC
    SINGAPORE (Reuters) - U.S. President Donald Trump said a historic summit with North Korean leader Kim Jong Un on Tuesday had gone “better than anybody could have expected”, and they would sign a document following talks on ways to end a nuclear standoff on the Korean peninsula. Kim stood silently alongside Trump as he spoke to media during a post-lunch stroll through the gardens of the Singapore hotel where the summit was held, but the North Korean leader had earlier described their meeting as a “a good prelude to peace”. Both men walked to Trump’s limousine and looked in at the rear seat, with Trump apparently showing Kim something ...
  • Iran to attend June summit in China of Asian leaders
    Iran_president_to_attend_june_summit_in_china_of_asian_leaders 2018-05-28 16:57:06 UTC
    BEIJING (Reuters) - China will host Iranian President Hassan Rouhani next month at a regional summit aimed at avoiding disruption of joint projects, its foreign ministry said on Monday, as major powers scramble to save Iran’s nuclear deal after the United States pulled out. Rouhani will pay a working visit to China and attend the summit of the China and Russia-led security bloc the Shanghai Cooperation Organization, the ministry said. It did not give exact dates for his visit, but the summit is scheduled to be held on the second weekend of June in the northern Chinese city of Qingdao. Iran is currently an observer member of the Sh...
  • Will Trump offer Kim a deal like Iran got?
    Who_is_more_crazy__kim_jong-un_or_trump_ 2018-05-21 18:29:22 UTC
    Last week, North Korea canceled a meeting with South Korean officials and threatened to cancel a planned summit with US President Trump. Ostensibly, the cancellations were over the participation of U.S. B-52 bombers in a military exercise with South Korean troops — a show of force that was to occur at the same time North Korea was scheduled to bring journalists to watch the closure of its nuclear test site. But the slated meeting between Trump and Kim Jong Un raises lots of questions, like: Which national leader will be better prepared?<strong><i> <a href="http://www.dw.com/en">Germany's public international broadcaster-DW</a></i></strong...
  • North Korea threatens to cancel Kim-Trump summit
    North_korea_threatens_to_cancel_kim-trump_summit 2018-05-16 00:42:38 UTC
    SEOUL (Reuters) - North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and U.S. President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation and calling off high-level talks with Seoul. A report on North Korea’s official Korean Central News Agency angrily attacked the “Max Thunder” air combat drills, which it said involved U.S. stealth fighters and B-52 bombers, and appeared to mark a break in months of warming ties between North and South Korea and between Pyongyang and Washington. Any cancellation of the June ...
  • Emmanuel Macron unsure whether US will stick to Iran deal
    Emmanuel_macron_unsure_whether_us_will_stick_to_iran_deal 2018-05-02 06:08:29 UTC
    SYDNEY (Reuters) - French President Emmanuel Macron on Wednesday said he did not know whether U.S. President Donald Trump would stick to the 2015 Iran nuclear deal that many in the West see as the best hope of preventing Tehran from getting a nuclear bomb. Macron, followed by German Chancellor Angela Merkel, visited Washington last week in the hope of persuading Trump not to reimpose sanctions on Iran before a May 12 deadline and imperil the 2015 deal but the White House has sounded unconvinced. Under the accord, Tehran agreed to limit its nuclear program in return for relief from U.S. and other economic sanctions. The deal was struc...
  • North Korea's Kim Jong Un meets South Korea's President Moon Jae-in
    North_korea's_kim_jong_un_meets_south_korea's_president_moon_jae-in 2018-04-27 06:36:12 UTC
    SEOUL (Reuters) - Smiling and holding hands, North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the heavily fortified demilitarized zone between the countries on Friday in the first summit for the two Koreas in over a decade. Scenes of Moon and Kim joking and walking together marked a striking contrast to last year’s barrage of North Korean missile tests and its largest ever nuclear test that led to sweeping international sanctions and fears of a fresh conflict on the Korean peninsula. The dramatic meeting, aimed at ending their decades-long conflict, comes weeks before Kim is due to meet U.S. President Don...
  • China asks EU to stand together against US protectionism
    China_asks_eu_to_stand_together_against_us_protectionism 2018-04-17 17:12:37 UTC
    BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions. Some of the western diplomats involved in the meetings with Fu Ziying, who is also a vice-commerce minister, have viewed the approaches as a sign of how anxious Beijing is getting about the expanding conflict with Washington, the sources said. U.S. President Donald Trump has threatened to impose tariffs on $150 billion in Chinese imports to the U.S. to p...
  • Trump Flip Flops on TPP - Trans Pacific Partnership
    Trump's_new_national_security_strategy-_%22we_will_stand_up_for_ourselves%22 2018-04-12 23:35:17 UTC
    WASHINGTON (Reuters) - U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans Pacific Partnership, a multinational trade pact he withdrew the United States from last year, White House spokeswoman Lindsay Walters said. Republican senators met with Trump on Thursday and he told them that he has asked United States Trade Representative Robert Lighthizer and White House economic advisor Larry Kudlow to re-open negotiations. “The president has consistently said he would be open to a substantially better deal, including in his speech in Davos earlier this year,” Walters said. The TPP had aimed to cut...
  • China increased tariffs by up to 25 percent on 128 US goods
    China_increased_tariffs_by_up_to_25_percent_on_128_us_products 2018-04-02 06:29:23 UTC
    BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23 Soon after the announcement, an editorial in the widely read Chinese tabloid Global Times warned that if the U.S. had thought China would not retaliate or would only take symbo...
  • Trade Conflict Fears To Keep Markets On Edge
    Trade_conflict_fears_to_keep_markets_on_edge 2018-03-30 08:50:53 UTC
    BRUSSELS (Reuters) - A full-scale global trade war has not broken out yet - but that hasn’t stopped the market from fretting about one or analysts from warning about the potential cost. Whether such concerns remain a driving force for asset prices in the coming days depends largely on decisions, tweets and formal announcements from Washington and Beijing, but it seems certain that the uncertainty has at least another month to run. South Korea has cut a deal with the United States, agreeing to reduce its steel exports to avoid tariffs. The European Union, Canada, Mexico, Brazil, Australia and Argentina face a May 1 deadline to reach e...
  • China and US tussle at WTO over legality of Trump tariffs
    China_and_us_tussle_at_wto_over_legality_of_trump_tariffs 2018-03-27 17:39:35 UTC
    GENEVA (Reuters) - The United States sparred with China at the World Trade Organization (WTO) on Tuesday over the legality of U.S. tariffs in response to alleged theft of U.S. intellectual property. U.S. President Donald Trump signed a presidential memorandum last week proposing tariffs on up to $60 billion of Chinese goods over what his administration says is misappropriation of U.S. intellectual property. The tariffs would follow a 30-day consultation period that starts once a list of targets is published. Chinese officials raised the U.S. move at a meeting of the WTO’s dispute settlement body and indicated that China strongly oppo...
  • Trump sets China tariff plan, Dow plummets 720 points
    Trump_sets_china_tariff_plan__dow_plummets_720_points 2018-03-22 20:30:02 UTC
    WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points. The Dow and Nasdaq stock indexes had fallen as much as 2 percent while the benchmark S&P was down as much as 1.85 percent before midday, as investors fretted over the potential scale of U.S tariffs and possible impact on global trade. “It appears the market now sort of assumes the worst out of the president until they hear differently because he is just not a very good communicator,” said Craig Callahan, president of ICON Funds in Denver. Callahan said ...
  • Chinese carmaker Geely's profit more than doubled in 2017
    Chinese_carmaker_geely's_profit_more_than_doubled_in_2017 2018-03-21 07:58:51 UTC
    SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese city of Hangzhou, said in a stock exchange filing that 2017 net profit rose 108 percent to 10.6 billion yuan ($1.7 billion) from 5.1 billion yuan in 2016, slightly beating a forecast of 10 billion yuan from analysts polled by Reuters. Geely, which is making waves globally after a series of high-profile deals by its parent, saw revenue rise 73 perc...