Attacks on Saudi Oil Field Knock Out Half of Its Output
2019-09-15 07:21:05 UTC
RIYADH/DUBAI/LONDON (Reuters) - Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.
The attacks will cut the kingdom’s output by 5.7 million barrels per day (bpd), according to a statement from state-run oil company Saudi Aramco, or more than 5% of global oil supply.
The pre-dawn strikes follow earlier cross-border attacks on Saudi oil installations and on oil tankers in Gulf waters, but these were the most brazen yet, temporarily c...
Japan Eats Whale Despite Environmental Concerns
2019-06-24 04:59:19 UTC
MINAMIBOSO, Japan (Reuters) - Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs - and that's just a small sample of the ways Japan eats whale.
Though Japan's government maintains that eating whale is a cherished part of its food culture, nationwide consumption didn't really take off until after World War Two and peaked in the early 1960s before falling as other protein sources became cheaply available.
A 1986 global whaling moratorium made whale a pricey food that rarely appears on family tables or in ordinary supermarkets, with vendors rely...
Toyota Speeds Up Electric Vehicle Schedule
2019-06-07 15:52:16 UTC
TOKYO (Reuters) - Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars.
The change illustrates the breakneck growth in the electric vehicle (EV) market, which is transforming the auto industry, and is also an acknowledgment by Japan’s top car maker that it may not be able to meet demand for batteries on its own.
Toyota is now faced with a higher-than-expected demand for cars that use batteries, rather than gasoline, Executive Vice President Shigeki Terashi told a brief...
North Korea Tells US: Don't Try Our Patience
2019-06-05 06:06:46 UTC
SEOUL (Reuters) - North Korea warned the United States that agreements made between the two countries’ leaders in Singapore last year could be at risk, blaming the United States for undue pressure to denuclearize, state news agency KCNA said on Tuesday.
The statement comes as media reports indicated North Korea punished some members of its team that steered negotiations with the United States before a failed summit between North Korean leader Kim Jong Un and U.S. President Donald Trump in Hanoi in February.
Nearly a year after Trump and Kim first met in Singapore and signed a four-point joint statement pledging to work toward a new r...
Asia Shares Hit 4-Month Low on Risk of Endless Trade War
2019-05-23 05:34:55 UTC
SYDNEY (Reuters) - Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies.
Late Wednesday, Reuters reported the U.S. administration was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim minority, according to a person briefed on the matter.
After the United States placed Huawei Technologies on a trade blacklist last week, British chip designer ARM has halted relations with Huawei in order to comp...
Dutchman Travels Across 33 Countries on Electric Car
2019-04-18 22:49:36 UTC
Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles.
Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33 countries including Turkey, Iran, India, Myanmar, Malaysia and Indonesia, with the route determined by the offers he received on his website.
The trip started in the Netherlands and took just over three years. It was funded by public donations from around the globe, including electricity to charge the "Bandit," food and accommodation.
Chinese Company to Sell Popular Dating App Grindr
2019-03-27 17:54:06 UTC
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.
The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk, the two sources said.
CFIUS’ specific concerns and whether any attempt was made to mitigate them could not be learned. The United States has been increasingly scrutinizing app deve...
China's Chang'e-4 Probe Touched Down on Far Side of Moon
2019-01-06 05:35:05 UTC
China's Chang'e-4 probe touched down on the far side of the moon, state broadcaster CCTV reported on Thursday morning.
The successful "soft landing" marks a groundbreaking development in space exploration, being the first time that a spacecraft has landed on the side of the moon that faces away from Earth.
Chang'e-4, which is named after the Chinese goddess of the moon, entered its planned orbit to allow the landing on Sunday.
It landed in the Von Karman crater, which is in the lunar South Pole's Aitken Basin, at about 0226 UTC.
<strong>Lunar surface explorer</strong>
Chang'e-4 is set to release a rover to map contours and surface...
China’s Population to Reach 1.442 Billion in 2029
2019-01-06 05:03:07 UTC
SHANGHAI (Reuters) - China’s population is set to reach a peak of 1.442 billion in 2029 and start a long period of “unstoppable” decline in 2030, government scholars said in a research report published on Friday.
The world’s most populous country must now draw up policies to try to cope with a declining labor force and a rapidly ageing population, according to the summary of the latest edition of the “Green Book of Population and Labor” published by the China Academy of Social Sciences (CASS).
Growth in the working population had now stagnated, the report said, and the rising number of elderly people will have a far-reaching impact o...
Catastrophic Effects of Climate Change
2018-11-25 02:46:14 UTC
(Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate.
The congressionally mandated report, written with the help of more than a dozen U.S. government agencies and departments, outlined the projected impact of global warming on every corner of American society in a dire warning that is at odds with the Trump administration’s pro-fossil-fuels agenda.
“With continued growth in emissions at historic rates, annual losses in some economic secto...
Meghan rushed through dark market on royal visit to Fiji
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
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...
China lodges tariff case at WTO against the U.S.
2019-09-02 15:46:34 UTC
HONG KONG/GENEVA (Reuters) - China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the latest escalation in their trade war.
China did not release details of its legal case but said the U.S. tariffs affected $300 billion of Chinese exports.
The latest tariff actions violated the consensus reached by leaders of China and the United States in a meeting in Osaka, the Commerce Ministry said in t...
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.
China takes over project in world’s 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
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
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
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
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
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”
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
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
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
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?
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...