Reuters

WARSAW (Reuters) - Polish Prime Minister Donald Tusk announced a cabinet reshuffle on Friday, with the coordinator of special services Tomasz Siemoniak taking on the additional post of interior minister.

The reshuffle was forced as four ministers in the pro-European coalition government led by Tusk's Civic Coalition (KO) are stepping down to run in European Parliament elections in June. Tusk said a major task of his government was to make state-owned... (continue reading...)

LONDON (Reuters) - The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months.

Lidl said on Friday it would raise pay for staff across Britain to 12.40 pounds per hour from 12 pounds per hour, while London-based staff would receive 13.65 pounds per hour, up from 13.55.

Pay rises at big employers like Lidl, which employs 32,000 people across... (continue reading...)

By Tetsushi Kajimoto

TOKYO (Reuters) - Japan's economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll showed, which will probably set back Bank of Japan efforts to raise interest rates.

Cabinet Office data due out at 8:50 a.m. on May 16 (2350 GMT on May 15) is expected to show the economy's contraction would be equivalent to monthly decline... (continue reading...)

BEIJING (Reuters) - China firmly opposes the abuse of export control tools such as the U.S. entity list, a foreign ministry spokesperson said on Friday, after the U.S. added 37 Chinese firms to a trade restriction list over national security concerns.

Some of the entities were added to the list for making drones to be used by the Chinese military and others for shipping controlled items to Russia.

China and Russia have the right to carry... (continue reading...)

(Reuters) - U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB), the country's third-biggest lender by assets, for allegedly enabling a "massive fraud" that caused "monumental losses" for Porch.

Porch and its units accused the Chinese lender of conspiring with employees of the now bankrupt Israeli insurance firm Vesttoo to issue dozens of fake reinsurance letters of credit that guaranteed... (continue reading...)