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Malaysia airport privatisation deal clouded by protests over Gaza war May 24, 2024 05:56AM

By Yantoultra Ngui

SINGAPORE (Reuters) - A group of prominent Malaysian civil society bodies have started a protest against a bid by a consortium including BlackRock Inc to take the country's airport operator private amid boycott campaigns against some U.S. firms over the Gaza war.

Around 22 organisations have issued a joint statement urging the government to reconsider and block BlackRock's participation in the deal worth about $2.6... (continue reading...)


Japan's Nidec corrects past results after some sales were 'inflated' May 24, 2024 05:54AM

TOKYO (Reuters) - Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an inflated manner" at a subsidiary.

Nidec said it had amended its financial results for the year ended in March 2023 and the year that ended in March 2024, after finding errors in its consolidation adjustment at subsidiary Nidec Drive Technology.

It... (continue reading...)


Taiwanese people, markets stay calm despite Chinese drills around island May 24, 2024 05:49AM

KAOHSIUNG, Taiwan (Reuters) - As China staged a second day of "punishment" drills on Friday in response to Taiwan's new President Lai Ching-te, some residents of the democratically governed island told Reuters they would carry on with their normal lives despite Beijing's pressure.

China staged mock missile strikes in waters east of Taiwan and dispatched fighter jets carrying live missiles, state media reported, as Beijing tested its ability to "seize... (continue reading...)


Romanian prosecutors arrest suspect accused of spying for Russia May 24, 2024 05:48AM

BUCHAREST (Reuters) - Romanian prosecutors said on Friday they have opened a criminal investigation against a Romanian citizen accused of treason and spying for Russia for more than two years.

The country's anti-organised crime prosecuting unit DIICOT said in a statement the suspect surveilled Romanian or NATO military objectives near the southeastern Romanian county of Tulcea – near the country's border with Ukraine - beginning in 2022.

... (continue reading...)
German tourists, Spanish waitress and Senegalese man killed in Mallorca collapse May 24, 2024 05:46AM

MADRID (Reuters) - Two German tourists, a Spanish waitress and a Senegalese man were killed when a two-storey restaurant building collapsed on the beach in Palma de Mallorca on Thursday, a spokesperson for the city council said.

The accident, which police said was possibly caused by excessive weight on the terrace of the Medusa Beach Club, comes as Spain's Mediterranean Balearic islands prepare for a summer tourism season expected to bring millions of... (continue reading...)


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