Page 898 - Reuters

Google backs India's ShareChat in $300 mn funding round at $5 bn valuation

ShareChat counts Twitter and Snap as investors and if the bid by Tesla CEO Elon Musk to buy Twitter goes through, Musk will have potentially a stake of between 6% and 8% in ShareChat

Kremlin eyes political prize in rubble of Ukraine's Sievierodonetsk

Small east Ukrainian city now a focus of Russia's invasion; industrial town was previously a hub for Ukrainian military

Unlikely monkeypox outbreak will lead to pandemic, says WHO official

More than 300 suspected and confirmed cases of monkeypox, a usually mild illness that spreads through close contact causing flu-like symptoms and a distinctive rash, have been reported in May

Dollar resumes slide as global stock markets tentatively pick up

The dollar index - which tracks the greenback against six major rivals - is on track for its first monthly drop in five, as the safe haven currency loses steam after a breakneck start to the year.

Govt aims to cut power output from at least 81 coal-fired plants over 4 yrs

"The thermal power plants in future shall operate up to the technical minimum to accommodate cheaper renewable energy when it is available," the ministry said in the letter dated May 26.

Shanghai city to lift two-month Covid lockdown restrictions on June 1

Shanghai imposed a city-wide lockdown on its 25 mn residents on April 1 to combat the spread of Covid

How the Ukraine conflict is reshaping global oil markets: An analysis

Sanctions imposed on Moscow after the conflict in Ukraine kicked off in February, including a U.S. ban on its oil imports, have prompted Russia to pivot away from Europe

JSW Steel to sustain Europe shipments without passing on cost of export tax

JSW Steel Ltd, will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi's decision to impose an export tax, a senior company official said

How the Russia-Ukraine conflict is reshaping global oil markets

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanction

Toyota misses April global production target due to Covid, parts shortage

Japan's Toyota Motor Corp said it missed its global production target for April as Covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery

EU to pledge support for Ukraine, but not ready with new Russia sanctions

Over two days, leaders of the 27-nation bloc are to discuss how best to aid Ukraine four months into Russia's invasion and how to deal with the conflict's impacts

Having shipped artillery shells to Ukraine, Canada asks S Korea for more

Canada has asked South Korea to supply it with artillery rounds, Seoul said, apparently to "backfill" supplies that Ottawa has sent to Ukraine

China hosts Pacific islands meeting in Fiji, security ties in focus

China Foreign Minister Wang Yi holds a meeting with counterparts from 10 Pacific island nations in Fiji today

Ukrainian defenders hold out in Donbas city under heavy Russian fire

Constant Russian shelling has destroyed all of the critical infrastructure in Sievierodonetsk, the largest city Ukraine still controls in Luhansk, Ukrainian President said

Dollar value drifts toward monthly loss as Federal Reserve bets ease

Early in the Asia session the dollar was a fraction weaker on the euro at $1.0728, just above a five-week low, having dropped about 1.5% on the common currency last week

Gold prices strengthens in range-bound trade as dollar value dips

Spot gold was up 0.2% at $1,856.86 per ounce, as of 0152 GMT. U.S. gold futures edged 0.1% higher to $1,859.40

Oil climbs to two-month high ahead of EU meeting on Russia sanctions

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel

Russia mulls making international payments using cryptocurrency: Report

Discussions have been ongoing for months but no consensus has yet been reached

Shanghai to cancel several restrictions on companies to aid economy

Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed

Sri Lanka PM proposes to make president, cabinet answerable to parliament

Sri Lanka has been rocked by protests due to an unprecedented financial crisis, which culminated in the resignation of former Prime Minister Mahinda Rajapaksa and his cabinet this month