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HONG KONG (AP) — The Hong Kong government on Monday proposed legislation that would allow the city’s leader to designate certain criminal acts as national security offenses, stepping up its efforts to stamp out challenges to its rules in the city where critics say freedoms have been eroding. After massive democracy protests rocked the Asian financial hub in 2019, Beijing imposed a national security law that has been used to […]

LOS ANGELES (AP) — A federal arson trial begins Monday for the man accused of sparking last year’s deadly Palisades Fire as the area struggles to rebuild and the aftermath reverberates through the Los Angeles mayor’s race. Jonathan Rinderknecht, 29, has pleaded not guilty to starting what became one of the most destructive wildfires in California history. Prosecutors say Rinderknecht started a fire on Jan. 1, 2025, and it burned […]

BEIJING, June 8 (Reuters) – China’s export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war, alongside sustained global demand for semiconductors and AI-related components. Exports from the world’s second-largest economy are forecast to have risen 15% year-on-year in dollar terms, according to 32 economists in a Reuters poll, up from the 14.1% growth recorded […]

June 8 (Reuters) – Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it said on Friday, citing stronger economic activity and job growth after a robust payrolls report. The brokerage now expects rate cuts in June and December 2027, instead of the 25-basis-point reductions it had forecast for December 2026 and March 2027. The change followed a stronger-than-expected U.S. […]

June 8 (Reuters) – The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran’s ambassador to Moscow was quoted as saying on Monday. The U.S.-Israeli war on Iran has largely cut oil flows via the strait, which before the conflict saw one-fifth of the world’s oil pass through. Several tankers have managed to leave the Gulf recently, […]

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a more than 8% fall in South Korea’s KOSPI triggering circuit breakers. The moves followed that of last week’s shakeout on Wall Street, after a blowout U.S. jobs report ramped up expectations for Federal […]

By Gregor Stuart Hunter and Ankur Banerjee SINGAPORE, June 8 (Reuters) – Sam Konrad’s stocks are having a fantastic year, thanks to AI-fueled rallies in Taiwan and South Korea, but his fund is so top heavy with winners, he now needs to ditch his best performers. “We have been forced sellers of TSMC, Samsung and MediaTek,” said Konrad, investment manager for Asia Equity Income at Jupiter Asset Management, of the […]

PHOENIX (AP) — The Arizona Diamondbacks have signed outfielder Max Kepler, who is still serving an 80-game suspension for testing positive for performance-enhancing drugs. Terms of the deal announced on Sunday were not available. Kepler will not be able to report to the team until June 25, when his suspension ends. He will remain on the restricted list and not count against Arizona’s 40-man roster until then. Kepler tested positive […]

Israel struck Iran on Monday after being targeted by missiles, while a U. S. military base in Saudi Arabia came under fire in the most serious exchange of hostilities since an April ceasefire, raising the possibility of a return to heavy fighting and complicating mediation efforts to end the war. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating. Earlier, Iran […]