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LONDON, May 27 (Reuters) – Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. But the conflict has boosted other assets, especially oil, and the dollar’s credentials as a safe-haven. Here’s a look at some stand-out winners and losers. OIL’S WIDER IMPACT Oil’s roughly 40% jump has upended the outlook for […]

BUDAPEST, May 27 (Reuters) – Hungary’s parliament on Wednesday approved legislation to keep the country’s membership of the International Criminal Court, reversing a decision taken in 2025 by the former government of Viktor Orban to quit the court. Orban’s government decided to withdraw from the ICC saying the court had become “political”. Prime Minister Peter Magyar, who ousted Orban in elections last month, pledged to keep Hungary in the ICC. […]

SEOUL, May 27 (Reuters) – South Korea’s Foreign Ministry said on Wednesday that an attack on a cargo ship operated by local shipper HMM in the Strait of Hormuz earlier this month likely involved an Iranian anti-ship missile. The Iranian embassy in Seoul did not immediately respond to a request for comment. The ministry made the assessment at a briefing to announce the outcome of a government investigation into the […]

President Donald Trump is on a winning streak in Republican primaries, most recently endorsing Ken Paxton ahead of his Tuesday runoff victory over Sen. John Cornyn in Texas. But Trump’s tightening grip on his party could make it harder to win in the November midterms, when Republicans face a broader electorate that has soured on the president’s second term and the economy. The risk is compounded, Republican operatives say, by […]

MELBOURNE, Australia (AP) — An Australian state police force has worked to form a heavily armed rapid response team since gunmen killed 15 people and wounded three police officers armed only with handguns at a Sydney Hanukkah celebration in December, a government inquiry heard Wednesday. Testifying before the Royal Commission on Antisemitism and Social Cohesion, which is investigating the spread of antisemitism in Australia ahead of the Dec. 14 attack […]

BERLIN (AP) — An alleged accomplice of a man who was convicted of stabbing and seriously wounding a Spanish tourist at Berlin’s Holocaust Memorial last year was arrested in the German capital on Wednesday. The Syrian national, identified only as Khalaf A. in line with German privacy rules, is suspected of being an accessory to attempted murder and bodily harm, federal prosecutors said in a statement. They said that he […]

DEIR AL-BALAH, Gaza Strip (AP) — Israel said Wednesday that it targeted and killed the new leader of Hamas’ military wing during airstrikes in Gaza City less than two weeks after it killed his predecessor. Israel’s Defense Minister Israel Katz and the Israeli military said the strikes, which were carried out on Tuesday, killed Mohammed Odeh. Family members of a man called Mohammed Odeh said he was killed in the […]

May 27 (Reuters) – Australia’s drug regulator said on Wednesday it was notified by biopharmaceutical giant CSL’s unit Seqirus that it will be discontinuing all strengths of their Benpen injection products progressively due to commercial reasons. Benzylpenicillin sodium, the active ingredient in Benpen, is an injectable antibiotic widely used to treat bacterial infections following surgery and other medical procedures. CSL’s vaccine arm notified Australia’s Therapeutic Goods Administration that the discontinuation will […]

HONG KONG, May 27 (Reuters) – China is willing to work with the Czech Republic to improve ties and revive a traditional friendship, Foreign Minister Wang Yi told Czech counterpart Petr Macinka, state broadcaster CCTV said on Wednesday. Like most nations, the Czech Republic formally recognises only Beijing and not Taiwan, which is claimed by China, but it has grown closer to the semiconductor powerhouse in recent years, and has […]