ISTANBUL (AP) — Turkey’s president highlighted the activities of the Kurdistan Workers’ Party as part of his country’s objections to Sweden and Finland joining NATO and said both nations doing so would carry security risks for Turkey. The group known as PKK has waged a 38-year insurgency against Turkey that has led to tens of…
(Reuters) – Russian energy giant Gazprom said on Tuesday it has fully cut off gas supplies to Dutch gas trader GasTerra after it had failed to make payments for gas delivered in April, making good on its promise to shut down deliveries over payment issues. Russia has already cut off gas supplies to Poland, Bulgaria…
(Reuters) -Unilever named Nelson Peltz as a board member on Tuesday, as it engages in talks about strategy with the American activist investor who now holds a roughly 1.5% stake in the consumer goods giant. London-listed Unilever said Peltz will join as a non-executive director from July and serve as a member of the board’s…
(Reuters) – British drugmaker GSK said on Tuesday it would pay up to $3.3 billion to acquire privately held biopharmaceutical firm Affinivax, as it seeks to bolster its vaccine pipeline. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber)
By Rachel Savage and Leigh Thomas LONDON/PARIS (Reuters) – China’s lack of experience with tricky debt restructurings and slow coordination among its public lenders is holding up debt relief for Zambia, a test case for the top emerging market creditor, three sources familiar with the matter said. Zambia became in 2020 the first country to…
BEIJING (AP) — Chinese manufacturing activity started to rebound in May after the government eased anti-virus restrictions that shut down Shanghai and other industrial centers, an official survey showed Tuesday. The monthly purchasing managers’ index of the national statistics agency and an industry group, the China Federal of Logistics and purchasing, improved to 49.6% from…
PARIS (Reuters) – Despite incremental improvement from some sector leaders, the fashion industry’s 30 largest listed companies risk falling short of social and environmental targets of the Paris climate agreement and UN Sustainable Development Goals, a report from the Business of Fashion showed Tuesday. “You’ve got some front runners making small steps of progress but…
SINGAPORE (Reuters) -Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead of peak U.S. and European summer driving season. Brent crude for July, which expires on Tuesday, rose $1.13 to a fresh two-month top…
BEIJING (Reuters) -China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs were relaxed, but movement controls continued to weigh on demand and production, raising doubts about economic growth in the second quarter. The official manufacturing purchasing managers’ index (PMI) rose to 49.6 in May from 47.4 in…
MEXICO CITY (Reuters) – Mexico’s Economy Ministry has accepted a U.S. request to probe alleged labor abuses at a Panasonic auto parts plant in the northern border city of Reynosa, it said on Monday. The request from the U.S. Trade Representative (USTR) earlier this month marked the third U.S. labor complaint under a new trade…
