Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe haven dollar near a six-week top against major currencies. Chinese stock indexes played catch-up when reopening after a week-long break. Gains came as the commerce ministry said retail earnings during the Lunar New Year holiday jumped 8.5 percent from the period last year, even though growth in the world's second largest economy is slowing. China's blue-chip index surged 1.6 percent while Shanghai's SSE Composite climbed 1.2 percent. Australian stocks recouped some losses to end 0.2 percent lower while South Korea's KOSPI index was up 0.2 percent. Indonesian and Indian benchmarks were in the red. That left MSCI's broadest index of Asia-Pacific shares outside Japan were slightly firmer after it was toppled from a four-month top on Friday. Trading volumes were generally light, with Japan on public holiday. "Ranges have been on … [Read more...] about Asian shares search for direction as U.S.-China trade talks begin
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By Natasha Singer and Prashant S. Rao, New York Times Published 8:00 am, Tuesday, May 29, 2018 Photo: DANIEL LEAL-OLIVAS /AFP /Getty Images Image 1of/1 CaptionClose Image 1 of 1 Protestors from the pressure group Avaaz demonstrate outside Portcullis house where Facebook's Chief Technology Officer Mike Schroepfer is to be questioned by members of parliament in London on April 26, 2018. The New York Time’s decided to conduct a privacy experiment: Request our data in both Britain and the United States, to get a sense of how easy it will be for people in Europe to access their personal information compared with people in the United States. less Protestors from the pressure group Avaaz demonstrate outside Portcullis house where Facebook's Chief Technology Officer Mike Schroepfer is to be questioned by members of parliament in London on April 26, 2018. ... more … [Read more...] about U.S. vs. Britain: a test of getting your personal data
The U.S. Supreme Court on Monday agreed to hear an appeal by the state of Oklahoma regarding where the state has jurisdiction in criminal cases involving Muscogee (Creek) Nation tribal members.The case involves Patrick Dwayne Murphy, 49, who successfully challenged his conviction and death sentence in a 1999 McIntosh County murder on the grounds that the state of Oklahoma did not have the jurisdiction to prosecute him.Both state and federal officials say the August ruling by the 10th Circuit Court of Appeals in Denver, which determined that Congress had never disestablished the Muscogee (Creek) Nation’s tribal boundaries, has far-reaching implications beyond the Murphy case.“Oklahoma stands on the brink of the most radical jurisdictional shift since statehood,” attorneys for the state of Oklahoma argue in a reply brief filed April 23 with the Supreme Court.“The State could lose jurisdiction over all crimes involving Native Americans in the eastern half of the … [Read more...] about U.S. Supreme Court to hear Oklahoma case on criminal jurisdiction involving tribal members
By Jonathan Landay and Rupam Jain WASHINGTON/KABUL (Reuters) – U.S. President Donald Trump’s decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan’s economy, endangering a key goal of the U.S. strategy to end America’s longest war. The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for land-locked Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour. Building Afghanistan’s economy would also slash Kabul’s dependence on foreign aid and put a major dent in the illicit opium trade, the Taliban’s main revenue source. But Trump’s decision to re-impose sanctions on Iran and penalize financial institutions for doing business with Tehran is clouding Chabahar’s viability as banks, nervous they could be hit … [Read more...] about U.S. sanctions on Iran threaten vital Afghanistan trade project
World China U.S. navy South China Sea Every year on April 23, China’s People Liberation Army (PLA) Navy Day commemorates the founding of the service in 1949. This year’s celebrations have special significance as a chance to display the hardware that will help define the country’s future place among the world's great powers. China is preparing to launch its first domestically produced aircraft carrier—the steam-powered Type 001A—for sea trials. Naval operations are scheduled from April 20 to 28 in the Bohai and Yellow seas, and Chinese experts believe the Type 001A could be put to sea in this window. China has two particularly pressing strategic concerns in East Asia: the continued independence of Taiwan and the dispute over territorial claims in the South China Sea. Type 001A, China's second aircraft carrier, is transferred from the dry dock into the water during a launch ceremony at Dalian shipyard in Dalian, northeast China's … [Read more...] about How Does China’s Navy Compare to the U.S?