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By Jatindra Dash and Krishna N. Das NEW DELHI, July 27 (Reuters) – Indian authorities have suspended a policeman for firing rounds in the air from an assault rifle to disperse student protesters in an eastern state over the weekend, the latest flashpoint in a wave of youth protests that forced the federal education minister to resign. Police have been accused of using excessive force at the protests, including beating […]

HONG KONG, July 27 (Reuters) – Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge. The loss and other financial details were revealed for the first time in its draft prospectus filed with the Hong Kong stock exchange on Sunday as part of the company’s much-awaited initial […]

HANOI, Vietnam (AP) — Across seven countries, seven people woke up to days that no longer looked the way they once did. The war in Iran began months ago and thousands of miles away. But its effects quickly ricocheted across the world — oil markets first, sending fuel prices higher. Then the shock moved outward — into farms, factories and family budgets. Into the fabric of life. The global economy […]

LEGE-CAP FERRET, France (AP) — French President Emmanuel Macron called a crisis meeting Monday focusing on monster, uncontrolled wildfires that have forced more than 250,000 people to flee their homes, amid a first glimmer of hope that the spread of the largest blaze may have slowed. In the Gironde region of southwest France, where flames have burned an area four times the size of Paris, the prefecture said the situation […]

SEOUL, South Korea (AP) — Former South Korean President President Yoon Suk Yeol was convicted of making false statements during his presidential campaign in the latest verdict after he was removed from office last year over his brief imposition of martial law. Yoon denied the charges, and his lawyers plan to appeal, arguing that the verdict was based on a misinterpretation of the facts and election law. If upheld by […]

BANGKOK (AP) — Shares were mostly higher Monday in Asia as oil prices slipped more than 4% after the U.S. and Iran refrained from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal. Shares in Chinese memory chipmaker CXMT soared about 470% as they began trading on Shanghai’s technology board. The company jumped to become China’s most valuable listed company with an estimated market capitalization of […]

July 27 (Reuters) – AstraZeneca said on Monday its rare disease drug Ultomiris failed a late-stage trial in patients with a blood vessel complication following a stem cell transplant, the latest in a series of setbacks this year that have fuelled concerns about the drugmaker’s pipeline. Here are some details: • Ultomiris did not achieve statistical significance for event-free survival at 26 weeks in patients with haematopoietic stem cell transplant-associated […]

HASSELFELDE, Germany (AP) — Immo Feldmer carefully tipped smoldering charcoal into a tall mound of earth to kick off the ancient tradition of coal burning. The inside of the mound was tightly stacked with beech wood which smolders for weeks until it’s been turned into charcoal — a craft that’s been practiced in the Harz mountain region in eastern Germany for hundreds of years. “We are making charcoal in traditional […]

HONG KONG (AP) — Shares of CXMT, China’s largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 472% and were trading up 462% by early afternoon. It has become the most valuable company listed on a mainland Chinese exchange, with a market capitalization of about 3.3 trillion yuan (more than $487 billion). But its […]