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Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries.But Washington's recent vow to go after financial institutions that help Moscow fund the conflict has tested the boundaries of Beijing's bonhomie -- and left its banks fearful of getting cut off themselves.
The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai's government, announced revenues of $33 billion, compared to $29.3 billion the year before. “Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results,” Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates said in a statement.
Lithuanian President Gitanas Nausėda won the most votes in a weekend presidential election, officials said Monday, but he still faces a runoff in two weeks against Prime Minister Ingrida Šimonytė. Nausėda won 44% of the votes and Šimonytė nearly 20%, according to preliminary results published by Lithuania's Central Electoral Commission. It asked whether the constitution should be amended to allow dual citizenship, a decision that would have affected hundreds of thousands of Lithuanians living abroad.
South Africans will vote in a national election on May 29 with an unprecedented sense of uncertainty about the outcome, as polls suggest the African National Congress will lose its majority after 30 years in power. With coalition government looking like a possibility for the first time since the end of apartheid, a dizzying array of 70 parties from Marxists to social democrats to free marketeers are vying for voters' attention in the last weeks of campaigning. The following are the key issues that matter to voters who will elect a new National Assembly that will then choose the next president.
Millions of Indians across 96 constituencies began casting their ballots on Monday as the country's gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament. Monday’s polling in the fourth round of multi-phase national elections across nine states and one union territory will be pivotal for Modi’s Hindu nationalist Bharatiya Janata Party, as it includes some of its strongholds in states like Uttar Pradesh and Madhya Pradesh.
Two passengers and a pilot emerged unscathed from a small plane after it was forced to land without landing gear following a mechanical failure at Newcastle Airport in Australia’s New South Wales.
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S. electric vehicles that cost three times as much. Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, and it likely would sell for more than 12 grand if imported.
A Chinese citizen journalist who has been behind bars for four years over her reporting on the initial Covid-19 outbreak in Wuhan is due to be released Monday after serving her sentence, according to supporters and a court verdict.
Indonesia's Ibu volcano erupted on Monday morning, spewing thick columns of grey ash several kilometres into the sky, the country's volcanology agency said. The volcano on the remote island of Halmahera erupted at 9.12 a.m. (0012 GMT) for about five minutes, projecting ash into the sky as high as 5 km (3.1 miles), officials said.
Greek Prime Minister Kyriakos Mitsotakis will visit Turkey on Monday for talks with Turkish President Tayyip Erdogan aimed at maintaining the positive momentum achieved in bilateral ties in recent months despite lingering problems between the neighbours. Turkey and Greece, NATO allies and historic foes, have long been at odds over issues including maritime boundaries, energy resources in the eastern Mediterranean, flights over the Aegean Sea, and ethnically split Cyprus. After years of tensions that brought the two to the brink of conflict, Ankara and Athens started taking high profile steps to improve their ties in recent years, notably last year after both leaders were re-elected.
Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S. government plans to raise tariffs on a raft of Chinese exports were weighing on sentiment.
Dylan Dreyer celebrated Mother's Day and her son's First Communion this weekend. See her adorable photos.
Russian President Vladimir Putin has replaced his defense minister and close ally Sergei Shoigu with a civilian economist, a major reshuffle of military leadership more than two-years after Moscow’s grinding war against Ukraine has sent defense spending soaring.
Whether competition between the world’s superpowers stymies overall progress on AI and quantum—or pushes each to accelerate these technologies—could have far-reaching consequences.
When Erdina Laca goes grocery shopping in Eichsfeld these days, she pulls out a special payment card that’s for asylum-seekers only. Laca, 45, came from Albania with her husband and three children and applied for asylum in Germany last September. The family lives in the county of Eichsfeld in the eastern state of Thuringia and has been one of the first in the country to receive half of their government benefits in the form of cashless payments on a plastic card.
India's six-week election resumed Monday including in Kashmir, where voters are expected to show their discontent with Prime Minister Narendra Modi's cancellation of their disputed territory's semi-autonomy and the security crackdown that followed."What we're telling voters now is that you have to make your voice heard," said former chief minister Omar Abdullah, whose National Conference party is campaigning for the restoration of Kashmir's former semi-autonomy.
At least 37 people have been killed, and more than a dozen injured on the Indonesian island of Sumatra after heavy rains triggered flash flooding and a cold lava flow from an active volcano, search and rescue officials said on Sunday.
The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. Deeply moved by the devastation of World War I, he wanted the collection to be a reserve for Denmark, fearing another war.
The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president. Michael Cohen, Trump's former lawyer and personal fixer, is by far the Manhattan district attorney's most important witness in the case and his expected appearance signals that the trial is entering its final stretch. Cohen is expected to testify about his role in arranging hush money payments on Trump's behalf during his first presidential campaign, including to porn actor Stormy Daniels, who told jurors last week that the $130,000 that she received in 2016 was meant to prevent her from going public about a sexual encounter she says she had with Trump in a hotel suite a decade earlier.
The far-flung coastal town of Santa Ana in the northeastern tip of the Philippine mainland has long been known by tourists mostly for its beaches, waterfalls, fireflies and a few casinos. The United States and the Philippines, which are longtime treaty allies, have identified Santa Ana in northern Cagayan province as one of nine mostly rural areas where rotating batches of American forces could encamp indefinitely and store their weapons and equipment on local military bases under the Enhanced Defense Cooperation Agreement. Thousands of U.S. forces withdrew from two huge Navy and Air Force bases in the Philippines in the early 1990s at the end of the Cold War, ending nearly a century of American military presence in the country.
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