By Philip Blenkinsop and Emma Farge GENEVA (Reuters) – World Trade Organization members entered a tense final day of negotiations on Wednesday, with no certainty they would find consensus on any change to global trade rules and India adamant it would not yield on food, fisheries and vaccines. During its June 12-15 ministerial conference, its…
By Tom Wilson LONDON (Reuters) – Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up. The world’s largest cryptocurrency fell as much as 6.3% to $20,715.69, its lowest since December 2020. Bitcoin has lost around 28%…
GENEVA (AP) — Switzerland reopened its airspace Wednesday after a brief closure for safety reasons because of an unspecified “technical malfunction,” authorities said. Skyguide, the air navigation service, initially said the closure would be in effect “until further notice” after the malfunction early in the morning. A few hours later, it said the airspace closure…
By Shadia Nasralla and Ahmad Ghaddar LONDON (Reuters) – Drivers around the world are tolerating record-high prices for road fuels, as mobility wins out for now over other spending in squeezed household budgets, data showed. The high prices have not yet breached the pain threshold for drivers in major demand centres. But that might change…
NAIROBI, Kenya (AP) — A new study has found that Facebook has failed to catch Islamic State group and al-Shabab extremist content in posts aimed at East Africa as the region remains under threat from violent attacks and Kenya prepares to vote in a closely contested national election. An Associated Press series last year, drawing…
TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation. Wall Street rallied Wednesday after the Fed’s hike, the biggest since 1994, as investors took heart from Chair Jerome Powell’s comments suggesting future rate…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
STOCKHOLM (Reuters) -Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Wednesday an increase in March through May sales that was bigger than expected. Net sales were up 17% year-on-year, or 12% measured in local currencies, at 54.5 billion Swedish crowns ($5.37 billion), it said in a statement. Analysts polled by Refinitiv had on average…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
By Lewis Krauskopf NEW YORK (Reuters) – Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging inflation and an aggressive Federal Reserve continue to pressure asset prices. The market’s losses have been steep. The 21.3% year-to-date decline in…
