Page 900 - 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

G7 reaches agreements to phase out coal power generation: German minister

The pledge would mark the first commitment from the G7 to quit coal-fuelled power - use of which needs to decrease if the world is to avoid the worst impacts of climate change

Google in talks to join India's open e-commerce network ONDC: Reports

The ONDC programme aims to join 30 million sellers and 10 million merchants online, and cover at least 100 cities and towns by August

Taiwan revises down 2022 GDP growth forecast hit by Covid, inflation

Gross domestic product (GDP) is expected to rise 3.91% this year, the Directorate General of Budget, Accounting and Statistics said, down from 4.42% growth forecast in February.

Japan aiming to 'drastically strengthen' military capability: Report

Japan aims to "drastically strengthen" its military capabilities, according to an economic policy draft, as officials worry that Russia's invasion of Ukraine could prompt instability in East Asia

Security Council split spells end of an era for US-led sanctions on N Korea

The two countries on Thursday vetoed a US-led push to impose more UN sanctions on North Korea over its renewed ballistic missile launches

High gas prices, energy security fears impede decarbonisation push

Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis

Russia-Ukraine conflict: Everything that you need to know right now

President Zelenskiy complained about divisions inside the European Union over more sanctions against Russia and asked why some nations were being allowed to block the plan

India has no plans to curb rice exports as local supplies surge: Report

India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year

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