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Taiwan president slams 'irresponsible' China military drills
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
TAIPEI, April 11 (Reuters) - China's military exercises have caused instability in Taiwan and the region and are irresponsible acts for a major country, Taiwan President Tsai Ing-wen wrote on Facebook after Beijing ended three days of drills around the island. China began the war games on Saturday after Tsai returned to Taipei following a meeting in Los Angeles with U.S. House of Representatives Speaker Kevin McCarthy. "However, China used this to launch military exercises, causing instability in Taiwan and the region. China simulated precision attacks and blockades of Taiwan during the drills, sending up dozens of fighter jets and bombers. "Although China's military exercises have come to an end, the nation's military and national security team will continue to stick to their posts and defend the country," she added.
U.S. officials have said some giving battlefield casualty estimates from Ukraine appeared to have been altered to understate Russian losses. Ukraine said its president and top security officials met on Friday to discuss ways to prevent leaks. The Pentagon said that over the weekend, U.S. officials spoke with allies and had notified the relevant congressional committee about the leak. Some of the most sensitive information is purportedly related to Ukraine's military capabilities and shortcomings. Michael Mulroy, a former senior Pentagon official, played down the lasting impact of the leak.
For years, Chinese fishermen trawling for fish, shrimp and crab have played cat and mouse with Taiwanese authorities as they closely track boats that near the median line of the Taiwan Strait. MEDIAN LINEOn Saturday, Taipei said more than 40 Chinese planes crossed the Taiwan Strait's "median line", which Beijing does not recognise. Deteriorating relations have made Chinese fishermen more afraid of approaching the line. Several times last year, Taiwan's coast guard detained Chinese fishing crew members, citing illegal trawling, according to official statements. ($1 = 6.8681 Chinese yuan renminbi)Reporting by Josh Arslan and Thomas Peter; Writing by Ella Cao and Ryan Woo.
City's Haaland on the same level as Messi, Ronaldo - Guardiola
  + stars: | 2023-04-09 | by ( ) www.reuters.com   time to read: +1 min
SOUTHAMPTON, England, April 9 (Reuters) - Manchester City manager Pep Guardiola said striker Erling Haaland is of the same calibre as Lionel Messi and Cristiano Ronaldo after the Norwegian international scored twice in Saturday's 4-1 Premier League victory at Southampton. Haaland scored on a header and remarkable bicycle kick, taking his tally to 44 goals in all competitions this season, with 30 of those coming in the Premier League. His total is now tied for the most ever by a Premier League player in all competitions in a single campaign, equalling Ruud van Nistelrooy in 2002-03 and Mohamed Salah in 2017-18. "We have lived two incredible decades with Cristiano Ronaldo and Lionel Messi, but he is on that level," Guardiola told the BBC on Saturday. The 22-year-old, who joined City from Borussia Dortmund, is now four short of the record of 34 goals in a Premier League season set by Alan Shearer and Andy Cole.
Foreign ministers of Iran, Saudi meet in China
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
CAIRO, April 6 (Reuters) - The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most senior diplomats in more than seven years, Saudi state-run Al Ekhbariya television said, under a deal to revive ties between the regional powers. Saudi Arabia cut ties with Iran in 2016 after its embassy in Tehran was stormed during a dispute between the two countries over Riyadh's execution of a Shi'ite Muslim cleric. The relationship began worsening a year earlier, after Saudi Arabia and the United Arab Emirates intervened in the Yemen war, where the Iran-aligned Houthi movement ousted a Saudi-backed government and took over the capital, Sanaa. For Saudi Arabia, the deal could mean improved security. The kingdom has blamed Iran for arming the Houthis, who carried out missile and drone attacks on its cities and oil facilities.
Factbox: In Middle East, once improbable ententes set new tone
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +6 min
Some U.S. allies had concluded their interests are not best served by a highly polarised Middle East, he added. The agreement between leading Sunni Arab power Saudi Arabia and the Shi'ite Islamist government in Tehran could defuse tensions and conflicts such as the Yemen war. Saudi Arabia has turned to China at a time of strain in its historic alliance with the United States. Saudi Arabia took the lead in rebuilding ties in 2021, declaring an end to the boycott of Qatar. Sources say Syria and Saudi Arabia have agreed to reopen embassies.
[1/5] Delivery trucks are parked at a parking area along the highway in Chiba, east of Tokyo, Japan April 6, 2023. On April 1, 2024, the government will limit truck drivers' annual overtime to 960 hours, among other reforms officials say are meant to improve the job's notoriously gruelling conditions and make it more attractive. The global consultancy Roland Berger expects a 20% decline in the number of Japanese truck drivers in the decade to 2030. Fierce competition and high fuel prices mean truck drivers are squeezed too despite an acute labour shortage. That would make it difficult for small companies to hire to make up for the lower number of legal working hours per driver.
[1/2] French President Emmanuel Macron delivers a speech to inaugurate the Festival Croisements at the Red Brick Museum in Beijing, China, April 5, 2023. For Macron's visit at least, there are high expectations in Beijing. "In other words, not everyone wants to see Macron's visit to China go smoothly and successfully." Later in the afternoon, Macron and von der Leyen will separately hold talks with President Xi Jinping before all three hold trilateral talks in the evening. "Three-quarters of the delegation are business leaders: the goal is first and foremost to sign contracts," left-wing MEP Raphael Glucksmann wrote on Twitter ahead of Macron's visit.
CAIRO, April 4 (Reuters) - Iran said on Tuesday it had appointed an ambassador to the United Arab Emirates for the first time since 2016, amid a realignment of relations between Gulf states and Iran. The move comes after the UAE in August moved to upgrade ties and said it was returning its ambassador to Tehran. The UAE downgraded relations with Iran after Saudi Arabia severed ties with Iran in January 2016 after Iranian protesters stormed the Saudi embassy in Tehran following Riyadh's execution of a prominent Shi'ite cleric. The UAE, which has business and trade ties with Iran stretching back more than a century, started re-engaging with Tehran in 2019 after attacks in Gulf waters and on Saudi energy sites. Iran's newly appointed ambassador Reza Ameri had served as the director general of the Iranian expatriates office in the foreign ministry, Iranian state media said.
Companies United States of America FollowApril 5 (Reuters) - Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set by the OPEC+ producer alliance. The rises came as an industry report showed U.S. crude stocks fell by about 4.3 million barrels in the week ended March 31. However, weak manufacturing activity in the U.S. and China - the two biggest oil consumers - have kept oil prices from moving up further, despite the prospect of tighter supply following the OPEC+ cuts. Traders will be looking for cues on broader economic trends from the U.S. non-farm payrolls data due later this week, analysts say. Reporting by Laila Kearney in New York; Editing by Gerry Doyle and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
April 4 (Reuters) - Wisconsin voters on Tuesday elected liberal Janet Protasiewicz to the state Supreme Court, flipping control to a liberal majority ahead of rulings on an abortion ban and other matters that could play a role in the 2024 presidential election. But it was abortion that dominated the campaign, with the court expected in the coming months to decide whether to uphold the state's 1849 abortion ban. Protasiewicz put abortion at the center of her campaign, saying in one advertisement that she supports "a woman's freedom to make her own decision on abortion." [1/9] Wisconsin Supreme Court candidate Janet Protasiewicz celebrates after the race was called for her during her election night watch party in Milwaukee, Wisconsin, U.S., April 4, 2023. In addition, the court may revisit the state's congressional and legislative maps, which Republicans have drawn to maximize their political advantage.
Companies United States of America FollowApril 5 (Reuters) - Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+'s latest output cut targets. Gasoline inventories fell by about 4 million barrels, while distillate stocks fell by about 3.7 million barrels, according to the sources, who spoke on condition of anonymity because they were not authorised to speak to the media. The latest targets set by the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, also helped oil prices. Keeping oil prices from moving higher were concerns about demand, with U.S. job openings in February falling to the lowest level in nearly two years and U.S. manufacturing activity in March slumping. Weak manufacturing activity in China last month also added to crude oil demand concerns.
TAIPEI, April 5 (Reuters) - Taiwan President Tsai Ing-wen met with senior security officials on Tuesday to discuss the "regional situation" ahead of her meeting with U.S. House Speaker Kevin McCarthy in California, which China has demanded not take place. China, which claims Taiwan as its own territory, has threatened unspecified retaliation if the get-together, scheduled for Wednesday, happens. After then-House Speaker Nancy Pelosi visited Taipei in August, China staged war games around Taiwan. Tsai "listened to a briefing on the overall regional situation", her office said in a statement. Taiwan has no far not reported any unusual Chinese military movements ahead of the McCarthy meeting.
[1/2] The logo of Chinese-owned video app TikTok is seen on a smartphone in front of an image of the Australian national flag in this illustration picture taken April 4, 2023. REUTERS/Tingshu Wang/IllustrationSYDNEY, April 4 (Reuters) - Australia banned TikTok on Tuesday from all federal government-owned devices over security concerns, becoming the latest U.S.-allied country to take action against the Chinese-owned video app. TikTok's Australia and New Zealand General Manager Lee Hunter said TikTok should not be singled out. "Things are going well, but of course, it'll take some time to turn this ship around," Trade Minister Don Farrell told Sky News, referring to prospects for improving trade relations. TikTok has said the administration of President Joe Biden demanded its Chinese owners divest their stakes or face a potential U.S. ban.
Andrew Shearer, the director-general of the Office of National Intelligence, said the balance of power in the Indo-Pacific region was starting to "shift away from the United States and its allies, undermining deterrence". "We are seeing our longstanding technological edge start to erode, and in some cases that edge is totally gone," he added. Schmidt, who has advised United States Department of Defense on artificial intelligence, said China is organised around drones, hypersonic and automation technology, and this should influence Australia's military spending decisions. Although it was likely there would be decoupling between China and Western allies in critical technology, China was not an enemy and the could work together in other areas, he added. He criticised the U.S. government for restricting Chinese researchers from moving to the United States to work on technologies like quantum computing.
The assessment of China's military said China's fleet of six Jin-class ballistic missile submarines were operating "near-continuous" patrols from Hainan Island into the South China Sea. Equipped with a new, longer-range ballistic missile, they can hit the continental United States, analysts say. Communications are crucial and complex for ballistic missile subs, which must remain hidden as part of their mission. The Chinese military has emphasised that the Central Military Commission, headed by President Xi Jinping, is the only nuclear command authority. Russia is thought to keep most of its 11 ballistic missile submarines largely in bastions off its Arctic coasts, while U.S., French and British boats roam more widely, three analysts said.
[1/2] Crews are seen on the flight deck of the USS Nimitz, off the coast of Busan, South Korea, 27 March 2023. Jeon Heon-Kyun/Pool via REUTERSSEOUL, April 3 (Reuters) - The navies of South Korea, the U.S. and Japan will hold two days of anti-submarine exercises starting Monday to better counter North Korea's evolving nuclear and missile capabilities, South Korea's defence ministry said. The trilateral drills come as North Korea unveiled last week new, smaller nuclear warheads, vowed to produce more weapons-grade nuclear materials to expand its arsenal, and boasted of what it called a nuclear-capable underwater attack drone. This week's exercises will use a mobile anti-submarine warfare training target to improve the capabilities needed to detect, track and destroy North Korean underwater threats, the ministry said. The three countries last held trilateral anti-submarine drills in September - the first time in five years - amid tension over North Korea's unprecedented number of missile tests.
[1/6] People gather ahead of an event of NASA to announce the crew of the Artemis II space mission to the moon and back in Houston, Texas, U.S., April 3, 2023. REUTERS/Go NakamuraApril 3 (Reuters) - NASA plans on Monday to introduce the four astronauts for its Artemis II lunar flyby mission, set for launch as early as next year in what would be the first crewed voyage around the moon since the end of the Apollo era more than 50 years ago. The newly introduced crew will include the first Canadian astronaut for a moon mission, as well as three Americans from a pool of 18 NASA astronauts - nine women and nine men - selected for the Artemis program in 2020. They were the last of 12 NASA astronauts who walked on the moon during six Apollo missions starting in 1969 with Neil Armstrong and Edwin "Buzz" Aldrin. If Artemis II is a success, NASA plans to follow up a few years later with the programs' first lunar landing of astronauts, one of them a woman, on Artemis III, then continue with additional crewed missions about once a year.
RIYADH, April 2 (Reuters) - Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its currency and bolster a faltering economy. The trip also comes amid a major diplomatic realignment in the region, with moves by Saudi Arabia and Egypt to ease tensions with Syria, Iran and Turkey. Other Saudi and Egyptian officials, including Saudi national security adviser Musaad bin Mohammed al-Aiban and Egypt's intelligence chief Abbas Kamel, attended the meeting, it added. Saudi Arabia and its Gulf allies have repeatedly come to Egypt's help since Sisi led the ouster of Mohamed Mursi of the Muslim Brotherhood a decade ago. When Egypt's financial difficulties were exposed and exacerbated by the fallout from the war in Ukraine last year, Saudi Arabia, the United Arab Emirates and Qatar made deposits in Egypt's central bank and pledged major new investments.
Europe-wide inflation data is due at 0900GMT. French inflation data on Friday also came in a whisker above expectations, and Dutch inflation also rose. "Inflation data in the eurozone will be an important driver, (for the euro)" said Francsco Pesole, FX strategist at ING, who expects the euro to reach $1.10 some time next week, after consolidating today. The dollar has also been dragged back as the focus on the U.S. banking sector in March caused U.S. interest rate markets to dramatically reprice the outlook. Both currencies found support from expanding Chinese manufacturing activity, though data on Friday showed the pace was slowing down.
BEIJING, March 31 (Reuters) - Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data to be released later in the day. U.S. West Texas Intermediate (WTI) crude fell by 22 cents, or -0.3%, to $74.15, having gained about 8% this week. Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar. "Disappointing data may cause concerns about Fed policy again and cap the recent gains," she added. The U.S. Energy Information Administration said U.S. crude oil stockpiles fell unexpectedly in the week to March 24 to a two-year low.
BEIJING, March 31 (Reuters) - Oil prices were very slightly down in Asian morning trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data on Friday. Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar. Industrial activity in China has become a key determinant of prices in recent weeks after its ending of coronavirus-related restrictions, amid weaker global demand. Oil prices are set to cap a second straight week of gains after the largest bank failure after the 2008 financial crisis spooked traders and roiled markets. The U.S. Energy Information Administration said U.S. crude oil stockpiles fell unexpectedly in the week to March 24 to a two-year low.
Dollar to log quarterly drop as rate hike bets recede
  + stars: | 2023-03-31 | by ( Tom Westbrook | ) www.reuters.com   time to read: +3 min
The euro rose 0.5% overnight after stronger-than-expected German inflation figures reinforced expectations that there are a few more rate increases left in the Euro zone. Through March, U.S. interest rate markets dramatically repriced the outlook and now see a roughly 40% chance that the Federal Reserve is finished with rate increases. On Friday the New Zealand dollar broke above its 50-day moving average and stood at a nearly two-week high of $0.6296. The Australian dollar nudged 0.2% higher to $0.6721 and is close to testing its 200-day moving average. Euro zone inflation data and U.S. core personal consumption expenditure - the Fed's preferred inflation gauge - are due later in the day.
[1/2] Rescuers conduct an operation at a roof collapse site in Indore, India March 31, 2023 in this still image from video. ANI/Reuters TV via REUTERSLUCKNOW, India, March 31 (Reuters) - Rescuers used cranes and ropes to look for survivors a day after the roof of a well collapsed in a temple complex in central India killing 36 people and injuring 16, a government official said on Friday. Stampedes and accidents in religious places are not uncommon in India, where lack of crowd control and cramped spaces can spell danger. Prime Minister Narendra Modi expressed condolences and announced compensation for the dead and injured in the incident. Reporting by Saurabh Sharma; writing by Shilpa Jamkhandikar; Editing by Stephen Coates, Gerry Doyle, William MacleanOur Standards: The Thomson Reuters Trust Principles.
[1/2] The general view of Hong Kong Stadium during the first day of the Hong Kong Sevens tournament in Hong Kong, China November 4, 2022. The Hong Kong leg of British music festival Creamfields is also taking place on April 1-2. The Chinese special administrative region has hosted financial summits in the past two weeks as well as Art Basel Hong Kong, one of Asia's leading contemporary art fairs. Scores of events were cancelled, postponed or taken to other Asian cities such as Singapore, Bangkok and Seoul because of Hong Kong's rigid coronavirus rules. "Over 20% of tickets purchased in the public sale are coming from overseas audiences, signalling Hong Kong’s return is in full swing."
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