US believes Russians in Ukraine have suffered 100,000 casualties in 5 months

By Steve Holland and Katharine Jackson WASHINGTON (Reuters) -The White House on Monday estimated that Russia’s military has suffered 100,000 casualties in the last five months in fighting in the Bakhmut region and other areas of Ukraine. White House national security spokesperson John Kirby told reporters the figure, based on U.S. intelligence estimates, included more …

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Factbox-Long-serving Qantas executive Vanessa Hudson named as next CEO

SYDNEY (Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named its finance chief Vanessa Hudson to serve as its new chief executive starting in November, making her the first woman to lead the century-old airline. Here are key facts about the Australian businesswoman. *Hudson is a trained accountant who has worked at Qantas …

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South Korea, Indonesia central banks agree to promote local currency transactions

SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, such as current account transactions and direct investment. The cooperation will help businesses reduce their transaction costs and exposure to exchange rate risks by enabling …

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Bank of Korea sees rapid pace of inflation easing for awhile

SEOUL (Reuters) – South Korea’s central bank said on Tuesday inflation would keep easing at a rapid pace through the middle of this year, although core inflation would ease at a slower pace. (Reporting by Choonsik Yoo; Editing by Kim Coghill)

South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI

SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global demand conditions that continue to undercut the domestic economic recovery. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean manufacturers …

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China’s exit bans multiply as political control tightens under Xi

By James Pomfret and Angel Woo HONG KONG (Reuters) -China is increasingly barring people from leaving the country, including foreign executives, a jarring message as the authorities say the country is open for business after three years of tight COVID-19 restrictions. Scores of Chinese and foreigners have been ensnared by exit bans, according to a …

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US World Bank nominee Banga set for vote on Wednesday after 4-hour interview

WASHINGTON (Reuters) – The World Bank’s 25-member executive board is set to vote on the U.S. nominee to run the World Bank, Ajay Banga, on Wednesday after completing a four-hour interview with the ex-Mastercard CEO on Monday, sources familiar with the process said. Banga, 63, the sole contender to replace departing president David Malpass, is …

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