Reuters

Reuters

As Uber IPO nears, Indian cab drivers talk of shattered dreams

In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall.

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China building its largest aircraft carrier, show images! Will “outclass any warship from any Asian country”

That suggests a vessel, which China has dubbed Type 002, somewhat smaller than 100,000-tonne U.S. carriers but larger than France's 42,500-tonne Charles de Gaulle, analysts say.

China navy warship image News

White House defies Congress on Don McGahn subpoena as Donald Trump battles Democrats

Separately, the Justice Department on Tuesday also threatened to advise Trump to invoke executive privilege over the entire unredacted Mueller report if House Democrats did not back down from a plan to hold Barr in contempt.

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Yen edges up to highest since late March on growing trade worries

On Wednesday, the dollar index against a basket of six key rivals was last a shade lower at 97.560, having ended the previous session with a gain of 0.1 percent.

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Seeking to avert higher tariffs, China dispatches top negotiator Liu He to US

The higher tariffs are scheduled to take effect at 12:01 a.m. EDT (0401 GMT) on Friday, a spokesman for the U.S. Trade Representative's office said.

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Donald Trump tax returns from 1985-94 show $1 billion in losses, says report

The White House did not immediately respond to a request for comment.

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Oil prices firm amid US sanctions on crude exporters Iran, Venezuela

"The tight and price-supportive fundamental outlook has not gone away," said Ole Hansen, head of commodity strategy at Denmark's Saxo Bank.

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Gold firms as Sino-US trade concerns dampen risk appetite

Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered

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Global markets: Stocks slip, bonds rally as US-China trade fears grow

Global stocks had a rocky start to the week after Washington on Monday accused Beijing of backtracking from commitments made during trade negotiations.

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China envoy hails British speaker’s Brexit style as model for WTO

"I think perhaps we should consider having similar rules to ensure the quality of our discussions," Zhang added.

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Japan’s labour shortage eats away at back-breaking work culture

"We needed to cut unnecessary jobs and focus on core business. We needed to make sure our employees had time to learn new skills and innovate."

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Italy accuses EU of prejudice after grim economic forecasts

Rome has forecast growth of 0.2 percent this year and 0.8 percent in 2020, 0.1 percentage points above the Commission for each year, but after the first quarter data Economy Minister Giovanni Tria said he thought this year's

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Auschwitz museum threatens to shun Italy book fair over neo-fascist presence

The fair runs from May 9-13 and the museum had been planning to hold a panel at the event on Thursday with Holocaust survivor and writer Halina Birenbaum.

World News

China will keep calm in face of trade talk challenges -People’s Daily

In a separate commentary, the official Xinhua news agency called the U.S. approach "regrettable" and said consultation was the "correct way" to solve trade issues.

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Canada will accept garbage containers wrongly sent to Philippines, says Manila

The containers - labeled as plastics to be recycled in Manila - were actually filled with diapers, newspapers and water bottles. A Philippine court ruled in 2016 that the garbage should be returned to Canada.

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Google plans new browser tools on privacy, ad transparency

The tool would enable users of Google's Chrome browser to delete cookies, which are virtual tracking chips that some companies use to document browsing behavior, without having to also remove cookies that enable easy log-ins

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Colorado shooting: At least seven wounded in school shooting, two suspects in custody

The Denver Post reported that all schools in the area where placed on a security lockdown while police and fire crews responded to the scene.

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Roger Federer makes triumphant return to clay in Madrid, Djokovic advances

"I would have always felt regrets not being on the clay in 2019 because my knee problem is far enough away now. I grew up on this surface, so I feel comfortable on it," the 37-year-old Federer told reporters.

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Syrian security defuse chemical laden car bomb in city of Homs – State TV

It said the car laden with C4 chemicals had been planted in the Zahra district of the city. The news flash gave no further details.

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Donald Trump stonewalls U.S. House Democrats on multiple probes

Democratic lawmakers have asked Capital One's chief executive for documents related to potential conflicts of interest tied to Trump's hotel in downtown Washington and other business interests.

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Siemens spins off struggling gas and power in smart digital shift

Siemens is targeting cost cuts of 2.2 billion by 2023 by cutting 10,400 jobs - mainly administration and support roles - at its remaining core units, including 3,000 at Smart Infrastructure and 4,900 at Digital Industries. Th

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Sudan’s military council wants Islamic Sharia law to be source of legislation

Sudan's Transitional Military Council (TMC) said on Tuesday it agreed on the general structure proposed by protest leaders and opposition groups but wanted the system to be based on Islamic Sharia laws

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Naomi Osaka survives test to reach last 16 in Madrid along with Halep

Osaka was broken to love in the second set, one of three service games she lost, but came roaring back in the decider to set up a last-16 meeting with Aliaksandra Sasnovich of Belarus.

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Armed teenager releases four hostages in southern France, Police source says

The 17-year-old, who was arrested at a yellow vest protest in December, had made no demands before releasing the women, the source said.

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Aviation body convenes multi-agency board to review Boeing software fix on grounded 737 MAX

Boeing, the world’s largest planemaker, facing its worst crisis in years and the worldwide grounding of its top-selling jetliner

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Top Democrat in US Senate wants hearings before any impeachment proceedings against Donald Trump

Battles between the White House and congressional Democrats over documents and testimony related to the Mueller investigation showed no signs of abating.

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Facebook Cambridge Analytica Scandal: Exec meeting with lawmakers ahead of FTC settlement

Facebook Chief Operating Officer Sheryl Sandberg is meeting with U.S. lawmakers on Capitol Hill on Tuesday ahead of an expected settlement with the FTC

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