Updated - Squid Business

Japan pledges financial support to help ASEAN decarbonise

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan pledged financial and technological support on Saturday to help ASEAN countries accelerate their efforts to decarbonise their economies and combat climate change. Energy-poor Japan hopes to become the world’s leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as coal and oil. As …

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Russia close to encircling Ukraine’s Bakhmut after months of fighting

By Leonardo Bennasatto and Lisi Niesner CHASIV YAR, Ukraine (Reuters) -Russian artillery pounded the last routes out of Bakhmut on Friday, aiming to complete the encirclement of the besieged Ukrainian city and bring Moscow closer to its first major victory in half a year after the bloodiest battle of the war. The head of Russia’s …

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Fire at Indonesia’s Pertamina fuel storage station kills 17

By Yuddy Cahya Budiman JAKARTA (Reuters) -At least 17 people were killed when a fire broke out on Friday at a fuel storage station operated by Indonesia’s state energy company Pertamina in the capital Jakarta, an official at the city’s main firefighting unit said. The fire, which started after 8 p.m. local time (1300 GMT), …

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Families of Greece train crash victims grieve as protests grow

By Alexandros Avramidis, Stelios Misinas KATERINI, Greece/ATHENS (Reuters) -Families and friends, dressed in black, clung to each other, in tears, as the coffin of a 34-year-old mother killed in Greece’s deadliest train crash was lifted up the stairs of a church on Friday. The first known funeral after Tuesday night’s accident, which killed at least …

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SoftBank’s Arm rebuffs London by choosing U.S. listing

By Paul Sandle LONDON (Reuters) -Arm, the chip designer owned by Japan’s SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government’s hopes that the tech giant would return to the London stock market. The company did not completely rule out an eventual London listing, saying it intended to …

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TSX snaps weekly losing streak as investors cheer Chinese data

By Johann M Cherian and Fergal Smith (Reuters) – Canada’s commodity-heavy main stock index rose on Friday to its highest closing level in more than two weeks as encouraging economic data from major energy importer China allayed fears of a global economic slowdown. Activity in China’s services sector expanded at the fastest pace in six …

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Biden, Scholz vow to punish Russia for war in Ukraine

By Andrea Shalal, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -U.S. President Joe Biden and German Chancellor Olaf Scholz vowed on Friday to keep imposing costs on Russia for its war in Ukraine, now in its second year, as an EU official said any arms provided by China to Russia would trigger sanctions. Biden and …

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Wall Street closes sharply higher, notches weekly gains as Treasury yields ease

By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. All three major U.S. stock …

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South Carolina attorney Murdaugh sentenced to life for murdering wife and son

By Nathan Layne (Reuters) -Richard “Alex” Murdaugh, the disgraced lawyer and member of a powerful South Carolina family, was sentenced to life on Friday for killing his wife and son in what prosecutors said was an attempt to hide his drug addiction and theft of millions of dollars. Murdaugh, 54, was found guilty on Thursday …

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Wall Street stocks power higher as Treasury yields and dollar ease

By Lawrence Delevingne and Elizabeth Howcroft (Reuters) – Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip …

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