Footage from body cameras worn by Minneapolis police officers during their Memorial Day encounter with George Floyd reveals new details of the incident, which escalated quickly and resulted in the killing of Mr. Floyd. Photo: Minneapolis Police Department
Despite a rebound on Monday, many bearish strategists believe there are mounting risks to the market rally.
The increase in China's defence spending is concerning given its economy is "failing", the head of the U.S. Indo-Pacific Command said on Tuesday. Speaking to reporters in Tokyo, Admiral John Aquilino said China's economy had been battered by turmoil in its real estate sector and asserted that its official growth rates were "not real". He also said China was spending "drastically more" on its military than the 7.2% increase it declared last month.
Pro-Palestinian encampments have started on at least a dozen campuses
A $8 billion defense package approved by the U.S. House of Representatives over the weekend will “strengthen the deterrence against authoritarianism in the West Pacific ally chain,” Taiwan’s President-elect Lai Ching-te said Tuesday, in a reference to key rival China. The funding will also “help ensure peace and stability across the Taiwan Strait and also boost confidence in the region” Lai, currently Taiwan’s vice president, told visiting Michigan Representatives Lisa McClain, a Republican, and Democrat Dan Kildee at a meeting at the Presidential Office Building in the capital Taipei.
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Asian markets mostly rose Tuesday and London hit a fresh record, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.London rose again, having closed at a record high Monday with the Bank of England tipped to slash interest rates soon thanks to cooling inflation.
Australia’s Prime Minister called Elon Musk, owner of X and self-styled free-speech champion, an “arrogant billionaire.”
Elon Musk on Tuesday vowed to challenge Australian demands that his social media platform X take down videos of a recent Sydney church stabbing.Video of the bloody attack, which spread widely on social media platforms, has been blamed by Australian authorities for feeding tensions in the community.
Columbia University faces a seventh day of tense pro-Palestinian demonstrations as solidarity protests have rippled to other colleges and prompted arrests at NYU and Yale.
North Korea claims it tested a new nuclear weapons command-and-control system Monday, with the firing of projectiles carrying simulated nuclear warheads from multiple rocket launcher units.
Six of the largest tech companies are expected to see earnings growth slow over the next year, leaving room for other companies to lead the next leg of the stock market rally, UBS analysts say.
Australia and Papua New Guinea’s prime ministers on Tuesday began trekking into the South Pacific island nation’s mountainous interior to commemorate a pivotal World War II campaign and to underscore their current security alliance, which faces challenges from China's growing regional influence. Australian Prime Minister Anthony Albanese received an elaborate traditional welcome when he arrived by helicopter at Kokoda Village with his Papua New Guinean counterpart James Marape. The pair will walk 15 kilometers (9 miles) over two days along the rugged Kokoda Track where the Japanese army’s advance toward what is now the national capital, Port Moresby, was halted in 1942 in the wilds of the Owen Stanley Range.
A man who works for a German lawmaker in the European Parliament has been arrested on suspicion of spying for China, German prosecutors said Tuesday. The suspect, identified only as Jian G. in line with German privacy rules, was arrested Monday in Dresden, federal prosecutors said in a statement. The statement didn't specify which lawmaker employed him, but German public broadcaster ARD and magazine Der Spiegel reported that he works for Maximilian Krah of the far-right Alternative for Germany, who is that party's top candidate in the European Parliament election in early June.
Satellite photos analyzed by The Associated Press appear to show a new compound of tents being built near Khan Younis in the Gaza Strip as the Israeli military continues to signal it plans an offensive targeting the city of Rafah. The tent construction is near Khan Younis, which has been targeted by repeated Israeli military operations over recent weeks. Israel has said it plans to evacuate civilians from Rafah during an anticipated offensive on the southern city, where hundreds of thousands of people have taken refuge during the war, now in its seventh month, but the military said it was involved in the tent construction.
TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market. The company's fourth-quarter operating loss was 6.17 billion yen ($40 million), undershooting an average estimate for a 21.48 billion yen profit in a survey of eight analysts by LSEG. Nidec has sought to tap a growing share of the battery-powered vehicle market globally through developing and making an e-axle traction motor that combines an EV's gear, motor and power-control electronics.
The World Bank has suspended funding for a tourism project in Tanzania that caused the suffering of tens of thousands of villagers, according to a U.S.-based rights group that has long urged the global lender to take such action. The World Bank's decision to suspend the $150 million project, which aims to improve the management of natural resources and tourism assets in a remote part of southern Tanzanian, was “long overdue,” the Oakland Institute said in a statement Tuesday, charging that the bank's "failure to take immediate action resulted in serious harms for the local communities.” The suspension of World Bank financing took effect April 18.
More than 100,000 people have been evacuated due to heavy rain and fatal floods in southern China, with the government issuing its highest-level rainstorm warning for the affected area on Tuesday.On Tuesday, the megacity of Shenzhen was among the areas listed as experiencing "heavy to very heavy downpours", the city's meteorological observatory said, adding the risk of flash floods was "very high".
Venice will this week begin charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism.The aim of the tickets is to persuade day trippers to come during quieter periods, to try to thin out the worst of the crowds.
Major North Korean hacking groups have mounted "all-out" cyber attacks against South Korean defence companies for more than a year, breaching the firms' internal networks and stealing technical data, South Korea's police said on Tuesday. Hacking teams linked to North Korea's intelligence apparatus and known as Lazarus, Kimsuky and Andariel planted malicious codes in data systems of the defence companies either directly or through contractors working with them, the police said. The police, working with a team of national spy agency and private sector experts, traced the hacks to the groups, identifying them by the source IP addresses, the re-routing architecture of the signals and the signatures of the malwares used, it said.
An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.
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