GENEVA (AP) — The World Trade Organization predicted Tuesday that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine. In the latest grim economic outlook to emerge, the Geneva-based trade body pointed to multiple uncertainties in…
KIAMBU COUNTY, Kenya (AP) — Monica Kariuki is about ready to give up on farming. What is driving her off her 10 acres of land outside Nairobi isn’t bad weather, pests or blight — the traditional agricultural curses — but fertilizer: It costs too much. Despite thousands of miles separating her from the battlefields of…
By Josh Ye HONG KONG (Reuters) – China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent, made major adjustments to their business practices and due to the ban’s economic fallout, industry sources and analysts said. The watchdog of the $47 billion video games market, the world’s largest, stopped issuing publishing…
(Reuters) – U.S. stock futures extended gains on Tuesday as Treasury yields backed off after data showed consumer prices rose largely in line with estimates in March, taking some pressure off markets concerned about aggressive interest rate hikes. At 08:38 a.m. ET, Dow e-minis were up 124 points, or 0.36%, S&P 500 e-minis were up…
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH (Reuters) -Proxy adviser Glass Lewis recommended shareholders vote against providing Credit Suisse’s board and management a discharge for 2020 at the Swiss bank’s annual general meeting. It said shareholders “could reasonably hold the board and executives accountable for the identified deficiencies in the Company’s risk and control…
By Emma Farge GENEVA (Reuters) -The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3% from 4.7% due to the impact of the Russia-Ukraine war and warned of a potential food crisis caused by surging prices. The report from the global trade watchdog said the conflict…
TAIPEI (Reuters) -Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the government’s strict COVID-19 protocols. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to control the country’s…
By Mimosa Spencer, Valentina Za and Francesco Zecchini PARIS/MILAN (Reuters) – European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia’s invasion of Ukraine adds further disruptions to the supply chains for beauty products, driving prices higher amid robust demand. Like the food industry, the $500 billion global cosmetics sector…
BERLIN (Reuters) – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the outlook for Europe’s largest economy. The ZEW economic research institute said its economic sentiment index fell to -41.0 points from -39.3 in March. A…
DUBAI, United Arab Emirates (AP) — Dubai’s Water and Electricity Authority, known as DEWA, began trading for the first time on Tuesday, after raising just over $6 billion during its initial public offering, making it the second largest offering ever in the Middle East. While that figure still trails far below the record $29.4 billion…
