‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

Biggest relaxation of curbs since the pandemic began Cities urge citizens to stay vigilant Analysts say China ill-prepared for big spike in cases BEIJING, Dec 8 (Reuters) – As many Chinese embraced new found freedoms on Thursday after the country dropped key parts of its tough zero-COVID regime, some cities warned residents to maintain vigilance … Read more

UK airports face Christmas disruption as border staff to strike

UK airports face Christmas disruption as border staff to strike

LONDON, Dec 7 (Reuters) – Border Force workers at several major British airports including the country’s busiest, Heathrow, will go on strike for eight days this month in a dispute over pay, threatening disruption to Christmas travel. The PCS trade union said staff employed by Britain’s interior ministry in passport booths would take action at … Read more

Supreme Court leans towards limiting judicial scrutiny of US elections

Supreme Court leans towards limiting judicial scrutiny of US elections

Justice debate “independent state legislature” doctrine Liberal justices decry threat to “checks and balances” Conservative-dominated court to rule by end of June WASHINGTON, Dec 7 (Reuters) – The US Supreme Court’s conservative majority on Wednesday appeared to be ready to limit judicial power to overrule voting policies crafted by state politicians but might not go … Read more

Putin acknowledges Russia’s war in Ukraine could be a long one

Putin acknowledges Russia’s war in Ukraine could be a long one

Nuclear weapons threat risen but ‘we haven’t gone mad’ – Putin Russia fired over 1,000 times at Ukraine power grid – report LONDON/KYIV, Dec 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long time, but for now there will be no second call-up of … Read more

Analysis: Peru markets take in political drama as investors focus on fundamentals

NEW YORK, Dec 7 (Reuters) – On a day of high drama for Peruvian politics that saw the president threaten to dissolve Congress before himself being ousted, the Andean country’s financial markets absorbed the punch. The Peruvian sol currency and dollar bond prices recovered early losses after President Pedro Castillo was removed in an impeachment … Read more

China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at US censorship

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi … Read more

Putin says Russia may be fighting in Ukraine for a long time

Putin warns of “long process” in Ukraine The risk of nuclear war is growing, he tells the rights council Russia won’t recklessly “brandish” nuclear weapons No need for a new round of mobilization LONDON, Dec 7 (Reuters) – Russian President Vladimir Putin said on Wednesday that his army could be fighting in Ukraine for a … Read more

Sister of Iran’s leader condemns his rule, urges Guards to disarm – letter

DUBAI, Dec 7 (Reuters) – A sister of Iran’s Supreme Leader Ayatollah Ali Khamenei has condemned his crackdown on nationwide protests and called on the widely-feared Revolutionary Guards to lay down their weapons, according to a letter published by her France-based son . Iran has been gripped by unrest since the death of 22-year-old Kurdish … Read more

California offshore wind auction bids top $460 mln on day two

Dec 7 (Reuters) – The first ever auction of offshore wind development rights off the coast of California entered its second day on Wednesday, with high bids topping $460 million. The Biden administration’s sale is a major milestone in its goal to put turbines along every US coastline and a critical test of developer appetite … Read more

VIEW Bank of Canada increases rates by 50 bps, says hikes may be over

TORONTO, Dec 7 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signaled the tightening campaign was near an end. STORY: read more MARKET REACTION: CAD/ LINK:https://www.bankofcanada.ca/2022/12/fad-press-release-2022-12-07/ COMMENTS ROYCE MENDES, DIRECTOR & HEAD OF MACRO STRATEGY … Read more