Author: Reuters

Floods kill at least 22 in Indi

BENGALURU/MUMBAI: At least 22 people have died in the southern Indian state of Kerala after torrential monsoon rains caused landslides and flooding that cut off some areas, authorities said yesterday. Seasonal monsoon rains from June to September cause deaths and mass displacement across South Asia every year but they also

China’s tax cuts hit local govt coffers

BEIJING: China’s $300 billion in tax cuts aimed at stimulating its slowing economy are starting to hurt the revenues of debt-ridden provincial governments, with poor western regions suffering the most from squeezed budgets, a Reuters analysis showed. Increased fiscal strains on provinces and municipalities will likely hamper their ability to

Drug smuggling worsens, even as hangings rise: Singapore

SINGAPORE: Drug trafficking into Singapore, which has some of the world’s toughest drugs laws, has risen recently, the law minister said on Wednesday, and he defended capital punishment for serious drug crime as reflecting public support. Rights group Lawyers for Liberty warned of an “execution binge” after it said a

Global oil market in glut, but not a big enough one for Opec

LONDON/DUBAI: Opec has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Ever since the Organisation of the Petroleum Exporting Countries and allies led by Russia —

Powell seen as wild card for market

NEW YORK: US Federal Reserve chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market this week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade. Investors are betting that the Fed

S’pore opposition fears use of fake news law in election

SINGAPORE: The leader of a new Singapore opposition party said yesterday he was concerned that an anti-fake news law, which rights groups fear could stifle free speech, may be used in upcoming elections. The city-state, which has been ruled by the People’s Action Party (PAP) since independence over half a

Northeast Asian sea a flashpoint

The wedge of sea between Japan, Russia, and the Korean peninsula became a new flashpoint this week, with a regional airspace dispute, a seized fishing boat, and missile tests by North Korea aggravating longstanding tensions. The patch of ocean is commonly known as the Sea of Japan, but South Korea

Ledecky illness shocks world championships

GWANGJU: Katie Ledecky’s withdrawal from the 200 and 1,500 metres freestyle put a huge dampener on the third day of the world swimming championships in Gwangju with a major question mark now hanging over the unwell American for the rest of the meet. Ledecky had been gunning for four individual

Asean leaders to talk on pressing issues

BANGKOK: Southeast Asian leaders met yesterday for a second day of a summit in Bangkok, where they were expected to discuss pressing regional issues including the plight of Myanmar’s fleeing Rohingyas and the South China Sea dispute. Leaders of the 10 countries on Saturday adopted a joint declaration against marine

US wants military cooperation pact with Sri Lanka

COLOMBO: The United States wants a special forces cooperation agreement with Sri Lanka to sidestep bureaucracy and has no intention of setting up a military base in the country, the American ambassador to the island nation said in a television interview. The comments represent the latest attempt by ambassador Alaina