Page 923 - Reuters

Japan reiterates plan to cut reliance on coal at G7 ministerial summit

A draft communique showed the group would consider committing to a phase-out of coal by 2030

Helped by weak yen, Japan remains top creditor as net external assets grow

Japan's net external assets hit a record amount in 2021, retaining its position as the top creditor for 31 years in a row, the Ministry of Finance (MOF) said

'Stop playing' with Russia, end war: Ukrainian Prez Zelenskyy tells West

"Ukraine will always be an independent state and it won't be broken," President Volodymyr Zelenskyy said

China's industrial profits slump in April as Covid curbs squeeze firms

Industrial output from the commercial hub of Shanghai, located at the heart of manufacturing in the Yangtze River Delta, nosedived 61.5% in April

Asia shares join global rebound as Fed hike fears ease, China tech boost

The swing in sentiment left the dollar wallowing at one-month lows, with the euro rising to its highest since April 25

Oil prices linger near two-month high amid global supply concerns

Oil prices hovered around a two-month high supported by the prospect of an EU ban on Russian oil and the coming summer driving season in the US

India Q1 GDP growth likely slowed for the third consecutive quarter: Poll

Growth in Asia's third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year ago in a Reuters poll of 46 economists

EY evaluating strategic options to improve audit quality, says CEO

London-based EY is one of the Big Four accounting firms along with Deloitte LLP, PricewaterhouseCoopers and KPMG that audits companies, which also pay fees for consulting and advisory work

Amazon opens first physical clothing store in Los Angeles: Report

Called Amazon Style, the shop is located in Glendale, California, near Los Angeles

Russian central bank slashes key rate to 11%, sees room to cut further

It announced the move at an extraordinary meeting after cutting the key rate to 14 per cent in April

UK imposes 25% energy windfall tax to help households as bills surge

It is the second emergency policy intervention to help with rising bills this year

Britain's regulator launches second probe into Google's ad practices

The Competition and Ma­rkets Authority's (CMA) latest probe follows its investigation into Google and Faceb­ook owner-Meta's "Jedi Blue" agreement earlier this year

Chinese tech firms forced into 'blood listings' as capital dries up

Public offerings at slashed valuations could translate into losses for venture capitalists in late funding rounds

India asks power producers to seek weekly payments to manage coal imports

By Sudarshan Varadhan

Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

By Scott DiSavino

Elon Musk sued by Twitter investors for delayed disclosure of stake

The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of Twitter by March 14

Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching

Taiwan has ramped up a campaign to counter illegal poaching by Chinese companies in what the island sees as a threat to its chip expertise

Wall Street surges over 1.5% on upbeat forecasts from retailers, Fed relief

Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed

'Thank God,' says Putin on exit of some foreign companies from Russia

Putin has cast the invasion of Ukraine as a turning point in Russian history: a revolt by Moscow against the United States, which he says has humiliated Russia since the 1991 fall of the Soviet Union

Shareholders re-elect McDonald's directors, Icahn loses board battle

Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.