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TOKYO (AP) — Asian shares mostly rose Monday and oil prices plunged after U.S. President Donald Trump said talks on ending the war with Iran are progressing. Japan’s benchmark Nikkei 225 surged 3.1% in morning trading to 65,321.56. Australia’s S&P/ASX 200 added 0.4% to 8,692.70. The Shanghai Composite edged up 0.4% to 4,127.53. Trading was closed in South Korea and Hong Kong for holidays marking Buddha’s birthday. Trading will be […]

May 25 (Reuters) – Secretary of State Marco Rubio said on Monday the U.S. will either have a good agreement with Iran or deal with the country “another way.”  The U.S. will give diplomacy every chance to succeed before exploring the “alternatives,” Rubio told reporters in New Delhi. There is a “pretty solid thing on the table in terms of their ability to open up the strait, get the strait […]

By Stefica Bikesh and Cordelia Hsu SYDNEY, May 25 (Reuters) – Australian activists detained by Israel while on a flotilla attempting to deliver aid to Gaza have returned home, with organisers alleging abuse, sexual assault, and beatings, that left some detainees in hospital. Israel’s prison service has denied the allegations, which Reuters could not independently verify. Eleven Australians were among the 430 volunteers on 50 boats intercepted in international waters […]

By Jay Ereno and Lorenzo Lesaba ANGELES, Philippines, May 25 (Reuters) – Rescuers pulled two people from the rubble of a collapsed building under construction in the Philippines, bringing the death toll to three, officials said on Monday, as crews continued search and rescue operations after overnight scans detected signs of life beneath the debris. One of the two victims had a pulse when he was retrieved, but later died, […]

LAS VEGAS (AP) — The Vegas Golden Knights thought they had cut Colorado’s lead in half in the first period Sunday, but a disputed no-goal call helped result in a two-goal swing and give the Avalanche a 3-0 lead that could loom large in Game 3 of the Western Conference Final. That was a potentially critical sequence as the Avalanche look to fight back from a 2-0 series deficit. Vegas […]

ABOARD THE RFA LYME BAY (AP) — Aboard the RFA Lyme Bay docked off the coast of Gibraltar, hundreds of British sailors are waiting to be deployed for a mine-clearing mission to the Strait of Hormuz that is still in doubt. U.S. President Donald Trump has lashed out at allies for not doing more to support the United States’ war effort in Iran, whose chokehold on the strait has crippled international shipping and sent […]

TOKYO, May 25 (Reuters) – Seven & I Holdings said on Monday that former chairman Toshifumi Suzuki died on May 18 at the age of 93. Known as the father of Japan’s convenience store industry, Suzuki set up Seven-Eleven Japan in 1973, and expanded the franchise model and transformed Japan’s retail sector. (Reporting by Mariko Katsumura; Editing by Christian Schmollinger) Brought to you by www.srnnews.com

May 25 (Reuters) – Hong Kong-based conglomerate Jardine Matheson said on Monday that it will acquire Australian medical imaging firm I-MED Radiology Network (I-MED) for an enterprise value of A$3.4 billion ($2.43 billion). The 190-year-old conglomerate, whose businesses span property, retail, and automotive sectors, said it will purchase a 100% stake in I-MED from funds advised by private equity firm Permira and other shareholders. The acquisition also includes I-MED’s minority […]

By Che Pan, Eduardo Baptista and Casey Hall SHANGHAI/BEIJING, May 25 (Reuters) – China’s Huawei Technologies expects to design high-end chips by 2031 with transistor density equivalent to 1.4-nanometre processes, despite U.S. sanctions that have made it hard for China to build the world’s most advanced chips. The projection, made by Huawei on Monday in a statement, was the most eye-catching claim of what the company calls the Tau Scaling […]