Tokyo stocks open lower on yen’s rise, investors lock in profits

Tokyo, June 1 : Tokyo stocks opened lower on Wednesday as the yen’s appreciation against the US dollar saw investors opt to secure gains made following the market’s recent bullish run. As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 147.73 points, or 0.86 percent, from Tuesday to 17,087.25. The broader Topix index of […]

EU hate speech deal shows mounting pressures over internet content blocking

By Yasmeen Abutaleb SAN FRANCISCO, Jun 1 : An agreement by four major US internet companies to block illegal hate speech from their services in Europe within 24 hours shows the tight corner the companies find themselves in as they face mounting pressure to monitor and control content. The new European Union “code of conduct […]

Australia economy outpaces global peers, rates seen on hold

By Ian Chua SYDNEY, Jun 1 : Australia’s economic growth boomed past expectations in the first quarter with the annual pace speeding to its fastest in three years, a result that could keep the central bank on hold at its policy meeting next week. Wednesday’s data from the Bureau of Statistics showed gross domestic product […]

Venezuela’s Maduro rooting for ‘revolutionary friend’ Sanders in US campaign

By Girish Gupta and Corina Pons CARACAS, Jun 1 : Venezuela’s embattled president, Nicolas Maduro, said night he supported Bernie Sanders in the US presidential race, adding that the candidate, who describes himself as a democratic socialist, would win if the vote were “free.” Maduro, a socialist who sees himself as the political heir to […]

Thousands fleeing as battle for Fallujah continues: UN

United Nations, June 1 : Nearly 3,700 people, or 624 families, have fled Fallujah over the past week amid a new offensive by Iraqi forces to retake the besieged city from the Islamic State (IS), the UN said on Tuesday. Meanwhile, humanitarian officials also reported that those civilians left behind risk being used as “human […]

Trump says he gave $5.6 million to veterans groups

Washington, June 1 : Presumptive Republican presidential nominee Donald Trump said on Tuesday that he donated $5.6 million to veterans associations and criticised the members of the press, whom he said “should be ashamed of themselves” for having doubted that he would keep the promise he made in January to make the donations. “I have […]