Tech News

France threatens to break refinery blockades in strike standoff

The French government on Tuesday threatened to forcibly break blockades of refineries and oil depots, which have been paralysed by striking workers, as motorists continued to besiege petrol stations in the hope of filling their tanks.. Government ministers and President Emmanuel Macron have urged a negotiated resolution to the crisis, but on Tuesday government spokesman Olivier Veran threatened force to end the blockades which have paralysed several of France's refineries and oil depots.

Tue, Oct 11, 2022 2 mins read

Tech News

Silicon Valley billionaire Milner renounces Russian citizenship

Billionaire Silicon Valley investor Yuri Milner said Monday he had renounced his Russian citizenship.. And this summer, we officially completed the process of renouncing our Russian citizenship," the Moscow-born Milner tweeted.

Tue, Oct 11, 2022 1 mins read

Tech News

BoE widens action on 'UK financial stability' fears

The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned over risks to the nation's financial stability.. "Dysfunction in this market, and the prospect of self-reinforcing 'fire sale' dynamics pose a material risk to UK financial stability," it added.

Tue, Oct 11, 2022 2 mins read

Tech News

Asian chipmakers plunge after US unveils China export controls

Chipmakers plunged in Asian trade Tuesday over new US measures to limit China's access to high-end semiconductors with military uses, a move that wiped billions from companies' valuations worldwide.. Taipei, Seoul and Tokyo markets were closed for holidays on Monday, and when trading resumed Tuesday, chipmakers sank.

Tue, Oct 11, 2022 1 mins read

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Hong Kong leader says he 'laughs off' US sanctions

Hong Kong's leader laughed off US sanctions against him Tuesday as he defended his government's decision not to act against a superyacht reportedly owned by a Kremlin ally.. When asked about the impact of US sanctions against him on Tuesday, Lee told reporters: "It is a very barbaric act and I am not going to comment on the effect of such barbaric act." 

Tue, Oct 11, 2022 1 mins read

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Asian markets swing on recession fears as inflation data looms

Most markets fluctuated in Asian trade Tuesday as traders grow increasingly fearful that more big interest rate hikes will tip economies into deep recessions, with the mood also darkened by the worsening Ukraine war and worries over China's outlook.. And JP Morgan boss Jamie Dimon told CNBC that while the US economy was holding up now, it faced several headwinds including rising rates, surging inflation, Fed tightening and the Ukraine war.

Mon, Oct 10, 2022 3 mins read

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'Dream come true': Japan reopens to tourists

Japan reopened its doors to tourists Tuesday after two-and-a-half years of tough Covid restrictions, with officials hoping an influx of travellers enticed by a weak yen will boost the economy.. But tough Covid restrictions in China make it unlikely visitors from there will be flocking back to Japan anytime soon. mac/sah/qan

Mon, Oct 10, 2022 2 mins read

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Top Democrat urges US block on weapons sales to Riyadh

A powerful US senator called Monday for Washington to freeze all cooperation with Saudi Arabia over its decision to "underwrite" Russia's war in Ukraine by slashing oil production.. "The United States must immediately freeze all aspects of our cooperation with Saudi Arabia, including any arms sales and security cooperation beyond what is absolutely necessary to defend US personnel and interests," Menendez said.

Mon, Oct 10, 2022 2 mins read

Tech News

US airport websites hit by suspected pro-Russian cyberattacks

The websites for a number of major US airports were briefly taken offline Monday after a cyberattack promoted by a pro-Russian hacking group.. The airport websites were targeted after the pro-Russian hacking group known as "KillNet" published a list of sites and encouraged its followers to attack them.

Mon, Oct 10, 2022 1 mins read

Tech News

Greece, Turkey set tensions aside for direct maritime link

Setting aside longstanding strategic rivalry, Greece and Turkey on Monday inaugurated a "friendship line" ferry link between Thessalonika in northern Greece and the western Turkish port of Izmir.. The ferry firm has over the past three years invested a reported 16 million euros in the three-times weekly route, the first direct major link between continental Greece and Turkey.

Mon, Oct 10, 2022 1 mins read