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IN THE NEWS

Asian stocks retreat on fears of recession from Covid damage

Asian stocks retreat on fears of recession from Covid damage

Asian equities retreated Monday following last week's temporary rally on Wall Street due to fears of surging inflation and supply chain woes inflicted by Beijing's punishing zero-Covid policy.

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North Korea's Kim slams officials over pandemic response, deploys army

North Korea's Kim slams officials over pandemic response, deploys army

North Korea's Kim Jong Un criticised "irresponsible" officials over the country's pandemic response and ordered the army to help distribute medicine, state media said on Monday, as Seoul offered Covid-19 aid.

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Shell-shocked families refuse evacuation from Ukraine front

Shell-shocked families refuse evacuation from Ukraine front

The giant policeman in military fatigues and combat helmet was losing patience with the tiny woman staring at his chest and flatly refusing to evacuate from the Ukrainian front.

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Adani in $10.5bn deal for Holcim India cement business

Adani in $10.5bn deal for Holcim India cement business

Indian billionaire Gautam Adani struck a $10.5 billion deal to buy Swiss cement giant Holcim's local business, the companies said, betting on a construction boom predicted in coming decades.

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Renault hands Russian assets to Moscow

Renault hands Russian assets to Moscow

French automaker Renault has handed over its Russian assets to the Russian government, both parties announced Monday, marking the first major nationalisation since the onset of sanctions over Moscow's military campaign in Ukraine.

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Mathews closes in on 150 despite Nayeem's double strike

Mathews closes in on 150 despite Nayeem's double strike

Angelo Mathews remained unbeaten on 147 as Sri Lanka reached lunch at 327-6 on day two of the second Test Monday after Bangladesh spinner Nayeem Hasan struck twice in one over.

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Indian badminton heroics knock even cricket off front pages

Indian badminton heroics knock even cricket off front pages

India's historic first Thomas Cup crown was splashed across front pages Monday with some people saying it can be a turning point for badminton much like the country's maiden cricket World Cup title in 1983.

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Ryanair slashes annual loss as lockdowns lifted

Ryanair slashes annual loss as lockdowns lifted

Irish no-frills carrier Ryanair on Monday announced a large reduction in annual net losses as the aviation sector recovered from pandemic lockdowns.

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China's retail sales slump as lockdowns cause chaos

China's retail sales slump as lockdowns cause chaos

China's retail sales and factory output slumped to their lowest levels in around two years, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-Covid policy.

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One dead, four critically injured in California church shooting

One dead, four critically injured in California church shooting

One person was dead and four others in critical condition after a shooting at a church near Los Angeles, law enforcement said Sunday, just one day after a gunman killed 10 people at a grocery store in New York state.

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