Oil prices dip as Russia warns of gradual production increase

By Henning Gloystein SINGAPORE, May 25 : Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017. Brent crude futures were at $78.69 per barrel at 0208 GMT, down 10 cents from their last close, and more than 2.2 percent […]

UN chief sets out disarmament vision, from hand grenades to H-bombs

By Tom Miles GENEVA, May 24 : U.N. Secretary-General Antonio Guterres unveiled a global disarmament strategy on Thursday just as U.S. President Donald Trump cancelled a summit on nuclear disarmament with North Korea’s leader. U.N. officials billed the speech as the first ever push for comprehensive arms control by a leader of the world body […]

Republicans in US Congress slam Trump probe of auto imports

By Richard Cowan and Susan Cornwell WASHINGTON, May 24 : Some of President Donald Trump’s fellow Republicans in the U.S. Congress said on Thursday that his administration’s national security investigation of car and truck imports amid a trade spat with China is being pursued under false pretenses and could hurt U.S. consumers. Trump said on […]

US raises concerns about Vietnam’s proposed cybersecurity law

By Mai Nguyen and James Pearson HANOI, May 24 : The United States has raised concerns with Vietnam about its proposed cybersecurity law, the U.S. Embassy said on Thursday, amid activists’ fears the new legislation will cause economic harm and crackdown on online dissent in the communist-ruled country. The concerns were conveyed by Deputy U.S. […]

EU nears deal on banking capital rules, risk of delay over Italy

By Francesco Guarascio BRUSSELS, May 24 : European Union finance ministers are likely to agree on Friday to new banking capital rules in a major step toward enhancing EU financial stability, but the deal could be delayed because Italy’s political crisis, EU officials said. The potential delay could be seen as a first sign of […]

Norway worried by intensified Russian naval activity

By Jonathan Saul LONDON, May 24 : Russia has increased its naval activity in international waters close to Norway and its military capabilities are a growing concern, Norway’s navy chief said on Thursday. Norway has an Arctic border with Russia and its economy is highly reliant on its free access to the seas. Rear Admiral […]