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Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

Published Sat, 22 Feb 2025 04:02:55 GMT

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing. Tokyo and Hong Kong rose while Shanghai and Sydney declined. Oil prices retreated.Wall Street’s benchmark S&P 500 index lost 0.2% on Monday after an industry group’s index of activity in construction, hospitality and other services fell to a three-year low in May. That conflicted with hopes raised by data last week that showed unexpectedly strong hiring in May, suggesting a potential U.S. recession brought on by interest rate hikes might be farther away.“Weakness is emerging and that should be more noticeable in the coming months,” Edward Moya of Oanda said in a report.Australia’s central bank lifted its benchmark interest rate Tuesday for a 12th consecutive time to 4.1% and warned further rises could follow. The Reserve Bank of Australia boosted the cash rate by a quarter of a p...

Brother of gay American attacked on Sydney cliff in 1988 says defendant deserves no leniency

Published Sat, 22 Feb 2025 04:02:55 GMT

SYDNEY (AP) — A man who admitted killing American mathematician Scott Johnson by punching him from a cliff top at a gay meeting place in Sydney in 1988 deserves no leniency and should face the longest time in jail, the victim’s brother said Tuesday.Scott Phillip White, 52, appeared in the New South Wales state Supreme Court for a sentencing hearing after pleading guilty to manslaughter. White had pleaded guilty to murder last year, but changed his mind and had that conviction overturned on appeal.Johnson’s older brother Steve Johnson said White had lost the family’s sympathy by withdrawing his confession to murder.He and his wife Rosemary “felt some compassion because of his generous plea. Today I have no sympathy,” Steve Johnson said in a victim impact statement read out to the court.Any gratitude the family felt was undone after White’s conviction and jail sentence were overturned on appeal, he told reporters after the hearing.“So I am hoping the judge will give him the stiffest s...

Hong Kong government seeks court injunction to ban ‘Glory to Hong Kong’ protest song

Published Sat, 22 Feb 2025 04:02:55 GMT

HONG KONG (AP) — Hong Kong’s government said Tuesday it is seeking a court order to prohibit people from broadcasting or distributing the protest song “Glory to Hong Kong” after it was mistakenly played as the city’s anthem at several international sporting events in the past year.In a statement, the Department of Justice said it had applied for an injunction Monday to prohibit unlawful acts relating to the song, which became an unofficial anthem for the 2019 pro-democracy protests. It is awaiting court direction and for a hearing date to be fixed.The government said the lyrics of the song contain slogans that have been ruled by the court as “constituting secession” and that it is highly likely that the song will continue to be widely used given that it had been mistakenly played as Hong Kong’s anthem instead of China’s national anthem, “March of the Volunteers.”In 2020, the government outlawed the protest slogan “Liberate Hong Kong, revolution of our times” for being secessionist a...

Senior US, Chinese diplomats hold ‘candid’ talks to avoid escalation of tensions

Published Sat, 22 Feb 2025 04:02:55 GMT

TAIPEI, Taiwan (AP) — Senior U.S. and Chinese diplomats held “candid and productive” talks in Beijing and agreed to keep open lines of communication to avoid tensions from spiraling into conflict, officials said Tuesday. Daniel Kritenbrink, assistant U.S. secretary of state for East Asian and Pacific affairs, was the most senior U.S. official confirmed to have visited China on Monday since tensions between Washington and Beijing soared over the shooting down of a Chinese spy balloon over the U.S. in early February. U.S. Secretary of State Antony Blinken at the time postponed a planned trip to China, and Beijing has since largely rebuffed attempts at official exchanges, though two top U.S. and Chinese defense officials briefly interacted at a forum in Singapore over the weekend.China’s Foreign Ministry said Kritenbrink and Vice Foreign Minister Ma Zhaoxu “had candid, constructive and fruitful communication on promoting the improvement of China-U.S. relations and properly managing dif...

Ukraine to open hearings in case against Russia at top UN court

Published Sat, 22 Feb 2025 04:02:55 GMT

THE HAGUE, Netherlands (AP) — Hearings open Tuesday at the United Nations’ highest court in a case brought by Ukraine against Russia linked to Moscow’s 2014 annexation of Crimea and arming of rebels in eastern Ukraine in the years before Russia’s full-scale invasion in February 2022. Kyiv wants the International Court of Justice to order Moscow to pay reparations for attacks in the regions, including for the downing of Malaysia Airlines flight MH17 that was shot down by Russia-backed rebels on July 17, 2014, killing all 298 passengers and crew.Four days of hearings in the court’s ornate, wood-paneled Great Hall of Justice are opening against a backdrop of Europe’s deadliest conflict since World War II raging on in Ukraine. Ukraine on Tuesday accused Russian forces of blowing up a major dam and hydroelectric power station in a part of in a part of the country Moscow controls, threatening a massive flood.Lawyers for Kyiv will present legal arguments to su...

Australian central bank boosts cash rate to 4.1% with 12th hike

Published Sat, 22 Feb 2025 04:02:55 GMT

CANBERRA, Australia: (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a 12th consecutive time, to 4.1%, and warned further rises could follow.The Reserve Bank of Australia boosted the cash rate by a quarter of a percentage point at its latest monthly meeting. That followed a higher-than-expected 6.8% annual inflation rate reported for the January-March quarter.Reserve Bank Governor Philip Lowe said it would take time for inflation to fall to the target range of 2% to 3%.“This further increase in interest rates is to provide greater confidence that inflation will return to target within a reasonable timeframe,” Lowe said in a statement.The cash rate is now at its highest level since April 2012.The bank first started jacking up interest rates in June 2022. Lowe said further increases might be needed. “The board will continue to pay close attention to developments in the global economy, trends in household spending, and the outlook for inflation and the...

Son Jun-ho selected for South Korean soccer team despite being detained in China

Published Sat, 22 Feb 2025 04:02:55 GMT

The selection of Son Jun-ho despite his detention in China took the focus off Premier League star Son Heung-min for once when South Korea’s soccer roster was unveiled.Son Jun-ho, who plays for Shandong Taishan and won the 2021 Chinese championship with the Jinan-based club, has been held by Chinese authorities for almost four weeks since he was detained at Shanghai Airport last month.Yet he was picked by South Korea’s head coach Jurgen Klinsmann this week for two international friendlies against Peru and El Salvador on June 16 and 20. Chinese Foreign Affairs Ministry spokesman Wang Wenbin said Son, who represented South Korea at the World Cup last year in Qatar, was being investigated on suspicion of taking bribes.Hong Kong newspaper South China Morning Post last month reported that the bribery allegations concerned suspected match-fixing involving coach Hao Wei.The Korea Football Association (KFA) said despite visits by officials to China, it has collected little information about ...

Normandy marks D-Day’s 79th anniversary, honors WWII veterans

Published Sat, 22 Feb 2025 04:02:55 GMT

ON OMAHA BEACH, France (AP) — An overwhelming sound of gunfire and men’s screams. That’s how World War II veteran Marie Scott described D-Day as ceremonies were to honor those who fought for freedom in the largest naval, air and land operation in history.On Tuesday, the whistling sound of the wind accompanied many reenactors who came at dawn on Omaha Beach to mark the 79th anniversary of the assault that led to the liberation of France and Western Europe from Nazi control. Some brought a bunch of flowers, others waved American flags.Scott lived it all through her ears. She was just 17 when she was posted as communication operator in Portsmouth, Britain. Her job was to pass on messages between men on the ground and Gen. Dwight D. Eisenhower and senior officers who were supervising the operation.“I was in the war. I could hear gunfire, machine guns, bombing aircraft, men screaming, shouting, men giving orders,” she recalled.“After a few moments of horror, I realised what was happening...

Russian police arrest more than 100 Navalny supporters, group says

Published Sat, 22 Feb 2025 04:02:55 GMT

Russian police on Sunday (4 June) arrested more than 100 people who had taken to the streets to mark the 47th birthday of Alexei Navalny, Russia's most prominent opposition leader, a protest monitoring group said.OVD-Info said in a statement that 109 people had been detained in 23 cities as of 10:42 p.m. Moscow time (1942 GMT). Authorities have clamped down heavily on signs of dissent since Russia's invasion of Ukraine in February 2022 and in most cities, only a handful of people were held.Navalny is serving combined sentences of 11-1/2 years for fraud and contempt of court on charges that he said were trumped up to silence him.Footage from Moscow and St Petersburg, Russia's two largest cities, showed police arresting individual demonstrators. One man could be seen briefly holding up a sign before Moscow police ushered him away, bent over, as he groaned in pain.Another man, who held up a sign in English that read "Free Navalny", was also arrested in Moscow.In St Petersburg, a woman ...

Former KTVU anchor Frank Somerville arrested after getting into fight with family member

Published Sat, 22 Feb 2025 04:02:55 GMT

BERKELEY – Ex-KTVU anchor Frank Somerville was arrested Monday night in Berkeley after getting into a fight with a family member, according to jail records and media reports.Officers were called around 6:30 p.m. to a home in the 800 block of Indian Rock Avenue, where Somerville’s brother was restraining Somerville, the San Francisco Chronicle reported.A spokesperson for the Berkeley Police Department told the newspaper Somerville had arrived at the residence intoxicated. He then got into a dispute that quickly escalated, police said.Somerville, 65, was being held at the Berkeley City Jail on misdemeanor charges of battery, criminal threats and disorderly conduct, according to jail records. His bail was set at $27,500.Somerville is set to be arraigned Thursday at the Wiley M. Manuel Courthouse in Oakland.The police spokesperson did not immediately return messages seeking details about the arrest.Somerville’s 31-year career at KTVU ended on Jan. 31, 2022, when his contract expired and...