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HONG KONG (AP) — Asian stocks retreated and oil prices rose on Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities. U.S. futures rose despite the latest flaring in the conflict. Investors are closely watching the war situation as negotiations between the U.S. and Iran to end the war make limited progress. Tehran said Thursday that […]

DUBAI, United Arab Emirates (AP) — The United Arab Emirates’ Ministry of Defense announced that the country’s air defenses are “actively engaging” with a missile and drone attack early Friday as the Iran war’s shaky ceasefire was again challenged. The ministry advised residents not to approach, photograph or touch “any debris or fragments that have fallen as a result of successful air interceptions.” Hours earlier, the U.S. military said it […]

MELBOURNE, Australia (AP) — Three Australian women were charged on Friday with slavery and terrorism offenses after they arrived home from Syria with another 10 others whom police allege are linked to the Islamic State group. The four women and nine children, who have spent years in Roj Camp in the Syrian desert, landed on two Qatar Airways flights from Doha on Thursday despite the Australian government warning they would […]

SEOUL, South Korea (AP) — North Korea said Friday it will deploy new long-range artillery systems this year that are capable of striking South Korea’s capital region and will commission its first naval destroyer in coming weeks. The announcement comes days after South Korea said North Korea’s newly revised constitution drops all references to Korean unification, in line with leader Kim Jong Un’s vows to terminate ties with South Korea […]

By Lucia Mutikani WASHINGTON, May 8 (Reuters) – U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%. The Labor Department’s closely watched employment report on Friday is also projected to show wage growth picking up last […]

By Laurie Chen and Michael Martina BEIJING/WASHINGTON, May 8 (Reuters) – The White House has invited a scaled-back CEO delegation to accompany President Donald Trump to Beijing next week, five sources briefed on preparations said, reflecting divisions in the administration on economic policy toward China and limited expectations for the summit. Unlike Trump’s 2017 China visit when he was accompanied by 29 high-profile executives, the White House and Treasury considered […]

TAIPEI, May 8 (Reuters) – Paraguay “deeply values” its relations with Taiwan and will continue to offer support, President Santiago Pena said on Friday as he was formally welcomed in Taipei by President Lai Ching-te. Paraguay is one of only 12 countries that maintain formal diplomatic relations with Taiwan and Pena’s visit comes as China steps up efforts to draw the South American country away from Taipei. China on Thursday […]

By Mikhail Flores CEBU, Philippines, May 8 (Reuters) – Leaders of Southeast Asian countries holding a summit on Friday are expected to thrash out a coordinated response to the impacts of the Middle East crisis, as they aim to ease pressure from an energy shock that has rattled their oil import-reliant economies. Meeting on the Philippine island of Cebu, leaders of the Association of Southeast Asian Nations are expected to […]

By Laurie Chen BEIJING, May 8 (Reuters) – A cross-party delegation of British lawmakers will visit China this month for the first time since 2019, two sources familiar with the preparations said, in a sign of warming ties since a visit in January by Prime Minister Keir Starmer. The five-day trip by 12 Labour and Conservative MPs in mid-May is organised by the Great Britain-China Centre, an NGO funded by […]