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May 24, 2022

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Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

Quad countries, including India, shared Ukraine concerns, Japan’s Kishida says

Reuters
TOKYO, May 24 (Reuters) – Leaders of the Quad grouping of countries, including India’s Narendra Modi, shared concerns over the situation in Ukraine at their meeting in Tokyo, Japanese Prime Minister Fumio Kishida said on Tuesday. “The four leaders had candid discussion on the impact of the Ukraine situation on......

India says ‘substantive outcomes’ from Biden, Modi talks

Reuters
TOKYO/NEW DELHI, May 24 (Reuters) – Indian Prime Minister Narendra Modi and U.S. President Joe Biden reached “substantive outcomes” on Tuesday in talks to strengthen their trade and defence ties, India said, though Modi refrained from condemning Russia for its invasion of Ukraine. The leaders were in Tokyo for a......

Exclusive: Petrobras warned of diesel shortages before CEO ouster

Reuters
May 24 (Reuters) – Brazil’s Petrobras alerted the government last week that diesel pumps could run dry this year if the oil company does not sell fuels at market prices, according to four people close to discussions and an internal presentation seen by Reuters. Just days later, President Jair Bolsonaro......

Sri Lanka increases fuel prices to address economic crisis

Reuters
COLOMBO, May 24 (Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a......

Quad leaders vow free and open Indo-Pacific, action on climate

Reuters
TOKYO, May 24 (Reuters) – The four leaders of the “Quad” group of countries vowed on Tuesday to work together for a free and open Indo-Pacific region and to fight climate change, as they met for talks aimed at standing up to an increasingly assertive China. U.S. President Joe Biden,......

EXCLUSIVE Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Reuters
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register COLOMBO/LONDON, May 23 (Reuters) – Sri Lanka has hired heavyweight......

India’s Mahindra to explore more partnerships for EV parts -CEO

Reuters
Anish Shah, Chief Executive Officer (CEO) of India’s Mahindra Group, poses for a picture after an interview with Reuters ahead of the World Economic Forum (WEF) at the Alpine resort of Davos, Switzerland May 22, 2022. REUTERS/Aditya Kalra Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May......

Indonesia policy uncertainty hampers resumption of palm oil exports

Reuters
Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, May 23 (Reuters) –......

Australia swears in new Labor PM ahead of Quad meeting

Reuters
Anthony Albanese, leader of Australia’s Labor Party, addresses supporters after incumbent Prime Minister and Liberal Party leader Scott Morrison conceded defeat in the country’s general election, in Sydney, Australia May 21, 2022. REUTERS/Jaimi Joy Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 23 (Reuters) – Australia’s Labor Party leader......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’

Reuters
Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector,......

In-form Pujara back in India squad for England test

Reuters
Cricket – Third Test – South Africa v India – Newlands Cricket Ground, Cape Town, South Africa – January 11, 2022 India’s Cheteshwar Pujara in action REUTERS/Sumaya Hisham/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 22 (Reuters) – Batsman Cheteshwar Pujara’s red-hot form for......

Exclusive: India considering spending additional $26 billion to fight inflation

Reuters
Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 22 (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion......

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports

Reuters
A worker pushes a wheelbarrow of fresh fruit bunches of oil palm tree during harvest at a palm oil plantation in Kuala Selangor, Selangor, Malaysia April 26, 2022. REUTERS/Hasnoor Hussain Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, May 22 (Reuters) – Indonesia’s resumption of palm oil......

Factbox: Key members of Australia’s incoming Labor government

Reuters
Anthony Albanese, leader of Australia’s Labor Party, addresses supporters after incumbent Prime Minister and Liberal Party leader Scott Morrison conceded defeat in the country’s general election, in Sydney, Australia May 21, 2022. REUTERS/Jaimi Joy Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 22 (Reuters) – Australia’s Labor Party ousted......

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China, Financial Times reports

Reuters
Fishing boats with Chinese national flags are seen at a harbour in Tanmen, Hainan province, April 5, 2016. REUTERS/Megha Rajagopalan Register now for FREE unlimited access to Reuters.com Register May 21 (Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to......

WHO calls emergency meeting as monkeypox cases top 100 in Europe

Reuters
A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register Cases in nine......

WHO calls emergency meeting as monkeypox cases cross 100 in Europe

Reuters
Rare outbreak of viral disease outside Africa Cases in UK, Spain, Belgium France and North America Cause still unclear WHO holds emergency meeting to discuss cases As cases exceed 100, Germany says biggest ever in Europe LONDON, May 20 (Reuters) – The World Health Organization was due to hold an......

Britons party for the Queen – but not the monarchy

Reuters
LONDON, May 20 (Reuters) – Practising Bollywood dance moves at his school gym in central England, 12-year-old Momin Rashid is excited to be one of the 10,000 performers who will take part in a pageant to honour Queen Elizabeth’s 70 years on the throne. The event will conclude four days......

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