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July 5, 2022

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Inflation at 24-yr high adds to strains in South Korea’s economy

Reuters
A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall......

S.Korea to lift nuclear power share of energy mix to 30% by 2030

Reuters
SEOUL, July 5 (Reuters) – South Korea plans to increase the contribution of nuclear power in the country’s power source mix to 30% or more by 2030 from 27.4% in 2021, the industry ministry said on Tuesday. South Korea’s new president, Yoon Suk-yeol, has rejected the idea of phasing out......

U.S. drug distributors prevail in $2.5 bln West Virginia opioid case

Reuters
Tablets of the opioid-based Hydrocodone at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File Photo Register now for FREE unlimited access to Reuters.com Register July 4 (Reuters) – Major U.S. drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health Inc (CAH.N) are not responsible for fueling......

Canadian inflation expectations bolster case for supersize rate hike

Reuters
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, July 4 (Reuters) – Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over......

Rooftop shooter kills 6 at July 4 parade in Chicago suburb of Highland Park

Reuters
HIGHLAND PARK, Ill., July 4 (Reuters) – Six people were killed and at least two dozen injured when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of......

Norway oil and gas workers to strike on Tuesday, cutting output

Reuters
Strike to start midnight local time (2200 GMT on Monday) Gas output could be cut by near 25% by Saturday, oil by 15% Government can intervene in special circumstances Union workers want higher pay rise than in negotiated deal OSLO, July 4 (Reuters) – Norwegian offshore workers will likely go......

Ukraine PM: Rich Russians should pay the bill to rebuild

Reuters
Swiss conference on Ukrainian recovery gets under way Ukrainian premier says effort may cost $750 billion Britain’s Liz Truss says Russia should be held accountable LUGANO, Switzerland, July 4 (Reuters) – The cost of rebuilding Ukraine following Russia’s invasion could reach $750 billion and rich Russians should help pay the......

Germany to overhaul law to bail out energy firms stricken by Russia woes – draft

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Government could present proposals to parliament this week Government may acquire stake in Uniper: sources Possible Uniper bailout......

EasyJet’s chief operating officer resigns after flight cancellations

Reuters
LONDON, July 4 (Reuters) – EasyJet’s chief operating officer (COO) has stepped down after the airline cancelled thousands of flights this summer to try to limit the disruption caused to passengers from staff shortages in the air and on the ground. Peter Bellew resigned on Friday to pursue other opportunities,......

Wimbledon turning into indoor event for late starters-Djokovic

Reuters
Tennis – Wimbledon – All England Lawn Tennis and Croquet Club, London, Britain – July 3, 2022 General view of Serbia’s Novak Djokovic in action during his fourth round match against Netherlands’ Tim van Rijthoven REUTERS/Hannah Mckay Register now for FREE unlimited access to Reuters.com Register LONDON, July 4 (Reuters)......

Ireland to boost budget package on projected 2022 surplus – source

Reuters
People hold signs and flags during a protest about the rising cost of living, in the city centre of Dublin, Ireland, June 18, 2022. REUTERS/Clodagh Kilcoyne/File Photo Register now for FREE unlimited access to Reuters.com Register DUBLIN, July 4 (Reuters) – Ireland will forecast that it will run a small......

Ukraine war to shift to Donetsk after fall of Luhansk; Russia claims major victory

Reuters
City was last Ukrainian stronghold in Luhansk region Russia says has “liberated” Luhansk region Zelenskiy vows to regain control with long-range weapons Blasts hit Russia’s Belgorod, southern Ukraine base -officials KYIV, July 4 (Reuters) – Russian forces in Ukraine will focus on trying to seize all of the Donetsk region,......

UN rights mission finds ‘probable’ mass graves in Libya

Reuters
UN mission finds three sites thought to hold mass graves Hundreds of bodies already found in Tarhouna Investigative mission up for renewal this week GENEVA, July 4 (Reuters) – A U.N.-appointed mission to Libya said on Monday there are “probable mass graves” yet to be investigated, possibly as many as......

Tens of thousands of Sydney residents told to evacuate as rains flood suburbs

Reuters
Third major flood this year for some Sydney suburbs 30,000 New South Wales residents face evacuations Rescue of ship crew underway, military helping stranded families SYDNEY, July 4 (Reuters) – Fresh evacuation orders were issued for tens of thousands of Sydney residents on Monday after relentless rains triggered floods for......

Heavy rain to hit parts of China in wake of Typhoon Chaba

Reuters
Pedestrians wade through floodwaters on a street amid heavy rainfall as Typhoon Chaba hits Sanya in Hainan province, China July 2, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, July 4 (Reuters) – Heavy rain is expected to hit central and southern China over......

Indonesia sovereign wealth fund, China fund sign $3 bln investment deal

Reuters
JAKARTA, July 4 (Reuters) – Indonesia’s sovereign wealth fund and China’s Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement. The investment scope under the......

Several eastern Chinese areas in mass COVID testing to curb new waves of infections

Reuters
A worker in a protective suit disinfects following the coronavirus disease (COVID-19) outbreak, under a surveillance camera on street in Shanghai, China July 1, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 4 (Reuters) – Parts of eastern China are running fresh rounds of......

Malaysia central bank to hike rates again in July and September- Reuters Poll

Reuters
A man walks past the entrance of Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur, Malaysia, July 31, 2019. REUTERS/Lim Huey Teng Register now for FREE unlimited access to Reuters.com Register All economists expect BNM to raise rates to 2.25% Decision due at 0700 GMT on Wednesday, July......

Texas, Ohio top courts allow abortion bans to take effect

Reuters
July 1 (Reuters) – The top courts in Texas and Ohio on Friday allowed the Republican-led states to enforce restrictions and bans on abortions after the U.S. Supreme Court last week overturned the nationwide constitutional right to abortion. The Texas Supreme Court late on Friday allowed a nearly century-old abortion......

New York bans guns in many public places after Supreme Court ruling

Reuters
NEW YORK, July 1 (Reuters) – New York state passed a law on Friday banning guns from many public places, including Times Square, and requiring gun-license applicants to prove their shooting proficiency and submit their social media accounts for review by government officials. The law, passed in an emergency legislative......

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