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Asia Pacific

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Russia imprisons Australian for 13 years over fighting for Ukraine
Russia jails Australian man for 13 years as he fought on Ukraine side

MOSCOW, Russia: Russia has sentenced a 33-year-old Australian man to 13 years in a high-security prison for fighting with Ukrainian...

Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

JSMM Chairman alleges Punjabi military using Bilawal Bhutto as pawn against India
JSMM Chairman alleges Punjabi military using Bilawal Bhutto as pawn against India

Frankfurt [Germany], May 20 (ANI): In a strongly worded statement, Shafi Burfat, Chairman of the Jeay Sindh Muttahida Mahaz (JSMM),...

South Korea's auto exports to US drops in April (YoY) amid US tariffs: Report
South Korea's auto exports to US drops in April (YoY) amid US tariffs: Report

New Delhi [India], May 20 (ANI): South Korea's automobile exports declined in April year on year, largely due to a sharp drop in shipments...

Microgrids power China green energy transition
Microgrids power China green energy transition

NANJING, May 20 (Xinhua) -- At a new energy vehicle industrial park in the city of Xuzhou, east China's Jiangsu Province, a large digital...

Business

Section
Wall Street falters as America's credit rating is downgraded
Moody's AAA rating downgrade dents U.S. stock markets, dollar, bonds

NEW YORK, New York - U.S. stocks struggled on Monday as a further downgrading of U.S. debt by Moody's sent the dollar sliding and Treasury...

Richemont sales up 7% on strong jewelry demand
Cartier owner Richemont beats expectations as jewelry shines

PARIS, France: Richemont, the owner of luxury brands Cartier and Van Cleef & Arpels, posted a stronger-than-expected seven percent...

Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Summer could strain power supply in US, Canada, grid operator warns
Middle swath of North America at risk of power shortfalls this summer

WASHINGTON, D.C.: Parts of the U.S. and Canada may not have enough electricity this summer if hot weather causes more people to use...

Amid retail slowdown, Dick’s Sporting to acquire Foot Locker
Dick's Sporting to buy Foot Locker for $2.4 billion

CORAOPOLIS, Pennsylvania: Dick's Sporting Goods is set to acquire Foot Locker in a US$2.4 billion deal, marking the second major footwear...

Walmart warns shoppers of price hikes amid rising tariffs
Walmart shoppers to face price hikes as Trump tariffs hit

BENTONVILLE, Arkansas: Walmart shoppers are bracing for price hikes as the world's largest retailer prepares to pass on the impact...