Ukraine forces kill up to five rebels; Russia starts drill near border

1:59am BST

SLAVIANSK, Ukraine/ST PETERSBURG, Russia - Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east, and Russia launched army drills near the border in response, raising fears its troops would invade. | Video

EU court to rule on UK challenge to transaction tax

1:44am BST

LONDON - Britain may lose its challenge to stop plans by 11 euro zone countries to tax financial transactions when the European Union's top court rules next week, lawyers said on Thursday.

Palestinians hold national flags as they celebrate after an announcement of a reconciliation agreement in Gaza City April 23, 2014. REUTERS/Ibraheem Abu Mustafa

Abbas seeks legitimacy in Palestinian strategy

RAMALLAH, West Bank - Rather than keep his cards close to his chest, President Mahmoud Abbas is playing them all at once in a confusing effort to advance Palestinian statehood and bolster his own fragile legitimacy.  Full Article 

Cargo vessels pass the waters outside Sentosa island in Singapore April 22, 2014.  REUTERS/Edgar Su

Global shipping fleet exposed to hacking threat

SINGAPORE - The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet.  Full Article 

A model stands next to a Jaguar F Type S convertible model, winner of the 2013 World Car Awards World Car Design of the Year during a press preview at the 2013 New York International Auto Show in New York, March 28, 2013.   REUTERS/Mike Segar

UK car manufacturers grow again in March

British car production returned to growth in March after some automakers completed retooling to make new models, an industry body says, in another sign of momentum in the country's manufacturing sector.  Full Article 

Screen shot from Reuters video

Israeli company reinvents the wheel

An Israeli company has developed a technology that allows wheelchairs and bicycles to travel more comfortably over bumps and down stairs. Softwheel says its suspension system could be adapted to suit any vehicle. Jim Drury reports.  Video 

Mount Everest (C), the world highest peak, and other peaks of the Himalayan range are seen from air during a mountain flight from Kathmandu April 24, 2010. REUTERS/Tim Chong

Nepal's Everest season in jeopardy

KATHMANDU - Several foreign climbing expeditions have called off attempts to scale Everest following an avalanche that killed at least 13 local guides, meaning Nepal faces an entire season without a single ascent of the mountain for the first time in decades.  Full Article 

Screen shot from Reuters video

Chinese with cash chase the American dream

Construction projects across the U.S. receive a fresh source of funds from Chinese eager for a green card in exchange. Jane Lanhee Lee looks at the rising popularity of a once-obscure visa scheme.  Video 

Liverpool's Raheem Sterling (C) celebrates his goal against Norwich City with teammates Lucas Leiva (L) and Luis Suarez during their English Premier League soccer match at Carrow Road in Norwich April 20, 2014. REUTERS/Stefan Wermuth

Liverpool aim knockout blow at Chelsea

Liverpool can eliminate one of their two rivals from the Premier League title race by beating Chelsea on Sunday and might even have one hand on the trophy by the end of the weekend.  Full Article 

Ian Campbell

London gives BoE an emerging economy problem

Foreign capital inflows are supporting a housing bubble in London, and have helped push up sterling - even though the UK’s trade position is almost dire. An unbalanced economy is getting worse. As pre-crisis emerging markets learned, this is a problem with no easy solution.  Commentary 

Edward Hadas

Inheritance can be less unequal

Family is a big part of destiny, even when opportunities are supposed to be equal. Since children tend to take after their parents, the elite tend to be self-perpetuating, and poor kids will tend to become poor adults. Still, there are ways to soften the injustices of birth.  Commentary 

John Lloyd

The UK’s paradox of faith

The Church of England, long past any power to enforce its faith on anyone, is actually the best guarantee to other faiths that they will find a place in the state and have leave to prosper.   Commentary 

Nicholas Wapshott

Putin learning what U.S. didn’t

In his stealth occupation of Crimea and eastern Ukraine, Vladimir Putin appears to have learned the lessons of both the U.S. in Vietnam and the Soviets in Afghanistan.  Commentary 

Anatole Kaletsky

Time to stop following defunct economic policies

The economic models studied in universities and published in leading academic journals have nothing to say about lending or borrowing, ignore the existence of banks and treat bankruptcies as unimportant.  Commentary 

John Foley

Graft purges don’t hurt shareholders – insiders do

The sacking of China Resources’ chairman will worry other state company bosses. But shareholders in Chinese groups have less to fear from government crackdowns on powerful individuals than the culture of treating outside investors as an afterthought. This remains unaddressed.  Commentary