ADDIS ABABA, Ethiopia (AP) — A convoy of trucks carrying food aid entered territory controlled by fighters loyal to the fugitive leaders of Ethiopia’s Tigray region on Friday, the first humanitarian convoy to do so since Dec. 14, the U.N. World Food Program said. The arrival of the trucks came eight days after Ethiopia’s federal…
By Anthony Boadle BRASILIA (Reuters) -Toronto-based Brazil Potash Corp has laid out for Brazilian President Jair Bolsonaro this week its plans to reduce his country’s dependence on fertilizer imports disrupted by the Ukraine war by opening a potash mine in the Amazon. The company’s owner, investment banker Stan Bharti, met with Bolsonaro on Monday to…
By Maytaal Angel LONDON (Reuters) – Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation. Russia needed sugar imports this year after two successive shortfalls in…
LONDON (AP) — The British government said Friday that a criminal investigation has begun into P&O Ferries after the company fired almost 800 U.K.-based crew without warning so they could be replaced by cheaper contract staff. Business Secretary Kwasi Kwarteng said the Insolvency Service had opened ”formal criminal and civil investigations.” The Dubai-owned company has…
LIMA (Reuters) – Peru’s inflation hit in March its highest level in more than two decades, the government said on Friday, driven by rising global fuel and food prices amid the conflict between Russia and Ukraine. The Andean country’s consumer prices rose 1.48% last month, the highest since the 1.53% seen in February 1996, according…
By Yoruk Bahceli (Reuters) – Companies raced to bond markets last month, undeterred by the Ukraine war as they tried to lock in relatively cheap borrowing, though the March rush did not prevent first-quarter sales in the euro market from slumping to a four-year low. Bond markets globally endured immense volatility in the January-March quarter,…
By Jesús Aguado MADRID (Reuters) -The chairman of Spanish bank Santander on Friday called for the European Union to define what kind of lending is considered consistent with a net zero energy policy, to help hasten moves to reduce dependence on Russian oil and gas. The EU, which was already targeting a shift towards green…
CITLUK, Serbia (AP) — An accident Friday in a coal mine in central Serbia killed eight miners and wounded 18 others, authorities said, adding that the workers apparently suffocated from too much methane gas. The accident in the Soko coal mine, located 200 kilometers (125 miles) southeast of Belgrade, the capital, occurred shortly after 4…
BERLIN (AP) — Russian officials said their demand for “unfriendly” countries to pay for natural gas in rubles does not mean supplies will be immediately interrupted. Gas used for heating and electricity was still flowing from Russia to Europe on Friday. “Payments on shipments in progress right now must be made not this very day,…
By Doyinsola Oladipo and Nivedita Balu (Reuters) – Organized labor supporters at an Amazon.com facility in New York City’s Staten Island held the lead in a contest to form a union as U.S. regulators continued to tally votes on Friday. When voting concluded for the day on Thursday, those workers who favored establishing the Amazon…
