UK housing market seen facing further ‘mini-budget’ fallout

LONDON, Nov 28 (Reuters) – British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and a cost-of-living crisis, a survey released on Monday shown. Zoopla’s house price index said the October slowdown was in part due to the economic … Read more

Morning Bid: China crisis brewing

Nov 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the key economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets in … Read more

Protests in Shanghai and Beijing as anger over China’s COVID curbs mounts

SHANGHAI/BEIJING, Nov 27 (Reuters) – Protests in China against heavy COVID-19 curbs spread to Shanghai on Sunday, with demonstrators also gathering at one of Beijing’s most prestigious universities after a deadly fire in the country’s far west sparked widespread anger. The wave of civil disobedience, which has included protests in Urumqi where the fire occurred … Read more

Kim Jong Un says North Korea’s goal is for the world’s strongest nuclear force

SEOUL, Nov 27 (Reuters) – North Korean leader Kim Jong Un said his country’s ultimate goal is to possess the world’s most powerful nuclear force, as he promoted dozens of military officers involved in the recent launch of North Korea’s largest ballistic missile, state media reported on Sunday. The announcement comes after Kim inspected a … Read more

Ghana plans to buy oil with gold instead of US dollars

ACCRA, Nov 24 (Reuters) – Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local … Read more

US Black Friday online sales hit record $9 billion despite high inflation – Adobe Analytics

Nov 26 (Reuters) – US shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc’s (ADBE.O) data and insights arm Adobe Analytics said, … Read more

Vatican says China violated pact on bishops, wants explanation

VATICAN CITY, Nov 26 (Reuters) – The Vatican on Saturday accused Chinese authorities of violating a bilateral pact on the appointment of bishops by installing one in a diocese not recognized by the Holy See. A statement said the Vatican learned with “surprise and regret” that the bishop of another district had been installed as … Read more

Ukraine remembers Stalin-era famine as Russia war rages

KYIV, Nov 26 (Reuters) – Ukraine accused the Kremlin on Saturday of reviving the “genocidal” tactics of Josef Stalin as Kyiv commemorated a Soviet-era famine that killed millions of Ukrainians in the winter of 1932-33. The remembrance day for the “Holodomor” comes as Ukraine is battling to repel invading Russian forces and deal with sweeping … Read more

Taiwan president quits as party head after China threat fails to win votes

TAIPEI, Nov 26 (Reuters) – Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party (DPP) on Saturday after her strategy to frame local elections as showing defiance to China’s rising bellicosity failed to pay off and win public support . The elections for mayors, county chiefs and local councilors are ostensibly … Read more

Exclusive: Poland seeking German support to sanction Russian Druzhba oil pipeline

WARSAW, Nov 25 (Reuters) – Poland is seeking German support to slap EU sanctions on the Polish-German section of the Druzhba crude pipeline so Warsaw can abandon a deal to buy Russian oil next year without paying penalties, two sources familiar with the talks said. The sources also said the pair were nearing an agreement … Read more