Pharma stocks survive market rout on tariff exemption, but uncertainty continues
LONDON/BENGALURU -Drugmaker stocks gained a temporary reprieve on Thursday as U.S. President Donald Trump spared pharmaceutical products from reciprocal tariffs, but executives and analysts warned it was premature to celebrate as tariffs were still likely to come. Trump imposed a…
Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds
WASHINGTON – President Donald Trump’s approval rating fell to 43%, the lowest since his return to office, as Americans soured on his tariff moves and his administration’s handling of information about a military strike in Yemen, a Reuters/Ipsos poll found….
US Army withholds report on key helicopter safety system use, senators say
WASHINGTON -The U.S. Army has refused to turn over a 2024 report detailing why it has routinely failed to use a safety system known as ADS-B on helicopter flights around Reagan Washington National Airport, Republican and Democratic senators said on…
UK, French and Ukrainian military leadership to meet in coming days, UK says
LONDON – British, French and Ukrainian military leaders will meet in the coming days to discuss the next steps to ensure Ukraine’s security for the long term, a spokesperson for British Prime Minister Keir Starmer said on Monday. “A meeting…
Russia pounds Kharkiv for second night in row, Ukraine says
Russia bombed the city of Kharkiv in northeastern Ukraine for the second night in row, injuring two people, sparking fires and damaging a kindergarten and private houses, Ukrainian officials said early on Monday. The attacks on Kharkiv, Ukraine’s second-largest city,…
Hundreds of thousands of eastern Canadians face power outages due to ice storm
TORONTO -Over 300,000 Canadians faced power outages in parts of Ontario on Sunday as an ice storm pummeled the region over the weekend, according to electricity provider Hydro One. Environment Canada issued winter storm warnings for freezing rain in Ottawa,…
Heartthrob actor Richard Chamberlain, star of ‘Thorn Birds’, dies aged 90
NEW YORK – Richard Chamberlain, the Emmy-nominated actor and 1960s heartthrob who rocketed to fame in the TV medical drama “Dr. Kildare” and starred in the mini-series “Shogun” and “The Thorn Birds” has died at the age of 90, publicist…
German startup’s space rocket explodes seconds after takeoff from Norway
OSLO -A test rocket aimed at kickstarting satellite launches from Europe fell to the ground and exploded 40 seconds after takeoff from a Norwegian space port on Sunday, in what German startup Isar Aerospace had described as an initial test….
What to know about Australia’s upcoming election
SYDNEY – Australia will hold a general election on May 3, Prime Minister Anthony Albanese announced on Friday. Opinion polls indicate it will be a neck-and-neck race between Albanese’s ruling centre-left Labor party and the conservative Liberal-National coalition led by…
Trump Organization eyes multi-billion-dollar projects in Vietnam amid tariff risks
HANOI – The Trump Organization and its partner in Vietnam are working on multiple investments worth billions of dollars in golf courses, hotels and real estate projects in the Southeast Asian country, a spokesman for the consortium told Reuters. The…
Australia pours billions into missile procurement amidst global shortages
Australia -The Ukraine war and increased European defence spending are likely to slow Australia’s plans to develop its own missile components’ capability as it pushes ahead with a multibillion-dollar effort to acquire long-range strike missiles. Prime Minister Anthony Albanese pledged…
China, France to hold high-level strategic and economic dialogues this year
BEIJING -China and France will hold three high-level dialogues on strategic, economic, financial and cultural issues this year, Foreign Minister Wang Yi said after meeting with his French counterpart in Beijing on Thursday. In a meeting Wang described as “constructive”…
University of Michigan shuts DEI office, citing Trump orders and funding warning
WASHINGTON – The University of Michigan – long seen as a bastion of diversity, equity and inclusion programs – said on Thursday it was closing its DEI office, citing executive orders from President Donald Trump and a warning from the…
Rubio voices US concerns to Turkey after arrest of Istanbul mayor
MIAMI – U.S. Secretary of State Marco Rubio said on Thursday he expressed concern to Turkish Foreign Minister Hakan Fidan over protests and detentions in Turkey following the arrest of Ekrem Imamoglu, the mayor of Istanbul. Sunday’s arrest of President…
Nippon, U.S. Steel offer increased investment to Trump officials to close deal, Semafor reports
Nippon Steel and U.S. Steel are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday. In recent meetings…
Fed’s Collins says it is clear tariffs will drive inflation up near term
Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up U.S. inflation but it is unclear how persistent that upward pressure will be. “It looks inevitable that tariffs are going to increase…
RBA to hold rates steady in April, but cut again in May
BENGALURU – The Reserve Bank of Australia will keep its cash rate unchanged on Tuesday as it waits for concrete signs of easing inflation, according to a Reuters poll of economists, who mostly still expect two rate cuts this year…
South Korea exports to rise for second month on chip boost; tariff risks loom: Reuters poll
SEOUL – South Korea’s exports likely rose in March for a second straight month on a growth in chip sales, a Reuters poll found on Friday, but economists warned of weakening momentum due to U.S. tariffs. Outbound shipments from Asia’s…
Core inflation in Japan’s capital accelerates, stays above BOJ target
TOKYO -Core consumer inflation in Japan’s capital stayed above the central bank’s target and accelerated in March on steady gains in food costs, data showed on Friday, keeping alive market expectations of a near-term interest rate hike. Service-sector inflation also…
BOJ board at loggerheads over inflation, US tariff risks, March summary shows
TOKYO -Bank of Japan policymakers were at loggerheads this month over how soon they should raise interest rates again as some focused on domestic inflationary pressure and others on uncertainty over U.S. tariff policy, a summary of opinions at its…