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On the reality television show “The Hills,” Spencer Pratt played something of a villain, blamed for spreading a salacious rumor and driving a wedge between his girlfriend and her best friend. Pratt is casting himself as a hero in his latest venture, a bid to be mayor of Los Angeles, in which he’s promising to rid the nation’s second most populous city of disorder and dysfunction. Originally greeted with bemusement, […]

By Stella Qiu and Alasdair Pal SYDNEY, May 13 – Australian Prime Minister Anthony Albanese’s move to wind back tax breaks for property investors has been welcomed by would-be homebuyers but criticised by investors, in what could be the defining policy of his second term as electoral power shifts to younger generations. The Labor government curbed tax deductions for investors and replaced a flat 50% discount on capital gains tax (CGT) for […]

A look at the day ahead in European and global markets from Gregor Stuart Hunter With the conflict in the Middle East still mired in a stalemate, Donald Trump is on his way to Beijing to see if Chinese President Xi Jinping proves more amenable to a deal. The U.S. president is due to arrive in China later today, saying he is seeking to “open up China”, accompanied by a string […]

May 13 (Reuters) – Dubai-based telecoms group Veon on Wednesday raised its 2026 revenue growth forecast to between 11% and 14% in U.S. dollar terms, up from a previous range of 9% to 12%, after it reported a 17% jump in first-quarter revenue to $1.2 billion. The group’s earnings before interest, taxes, depreciation and amortisation rose 17.7% from a year ago to $517 million, with the corresponding margin expanding to […]

BEIJING (AP) — As U.S. President Donald Trump is set to arrive in Beijing for a much-anticipated visit, daily life in the Chinese capital daily life is continuing as usual for most. Trump is scheduled to arrive Wednesday for a summit with President Xi Jinping that will run through Friday. The two leaders are expected to discuss a range of issues, from trade and Taiwan to the war in Iran, […]

TOKYO (AP) — Asian shares traded mixed early Wednesday, as fading enthusiasm over AI and other technology stocks gradually put the brakes on Wall Street’s record-setting run. Japan’s benchmark Nikkei 225 edged up less than 0.1% to 62,774.94. South Korea’s Kospi index gained 0.9% to 7,708.05, recouping some of its recent losses. The Kospi sank 2.3% earlier in the week from an all-time high after a senior figure in the […]

May 12 (Reuters) – JPMorgan Chase is set to reshuffle senior roles in its investment bank as part of a wider reorganization, the Financial Times reported on Tuesday, citing people familiar with the matter. As part of the reshuffle, coverage chief Dorothee Blessing, global head of capital markets Kevin Foley and global co-head of the financial institutions group Jared Kaye will be appointed co-heads of global investment banking, the report […]

By Scott Murdoch and Rajasik Mukherjee May 13 (Reuters) – Shares of Australia’s largest mortgage lender, Commonwealth Bank of Australia (CBA), dropped 9% on Wednesday after it set aside A$200 million more in provisions to prepare for risks linked to the Middle East conflict and investors reacted to housing tax changes in the federal government’s budget. CBA said cash net profit after tax stood at about A$2.7 billion ($1.95 billion) […]

By Lewis Jackson, Michael Martina and Laurie Chen BEIJING/WASHINGTON, May 13 (Reuters) – China and the U.S. are considering extending a truce on Chinese rare earth export curbs at a leaders’ summit this week, but Chinese customs data shows Beijing is still throttling shipments of the materials vital for defence and manufacturing. The resulting shortages and higher prices around the world underscore how controls imposed in retaliation for President Donald […]