By Emma Farge GENEVA (Reuters) -Major members of the World Trade Organization reached an initial deal on Thursday, winning over India which said it was confident more global accords could be achieved as negotiations on fishing, vaccines and food security entered their final hours. Ministers from more than 100 countries convened at the global trade…
By Toby Sterling AMSTERDAM (Reuters) -Amsterdam’s Schiphol Airport on Thursday set a cap on the number of passengers it will handle during the summer travel season, citing labour shortages. The move by one of Europe’s busiest airports means that airlines including KLM, the Dutch subsidiary of Air France-KLM, will have to cancel an unspecified number…
(Reuters) – Elon Musk addressed Twitter employees for the first time on Thursday, projecting a need for “rationalization of headcount” but offering few other new details about the $44 billion takeover of the social media company. Musk said he wants to raise the service’s user numbers to at least a billion people and said advertising…
KYIV (Reuters) – The European Central Bank will inevitably raise interest rates more slowly than the U.S. Federal Reserve given the different economic circumstance in the euro zone, Italian Prime Minister Mario Draghi said on Thursday. Speaking to reporters during a visit to Kyiv, Draghi, a former ECB president, said the U.S. had full employment…
LONDON (Reuters) -Russian President Vladimir Putin ordered his government on Thursday to come up with new measures to support the domestic car industry, which has seen sales crater since Moscow launched its invasion of Ukraine. Amid a crunch on demand from Russian buyers and severe logistics problems as a result of Western sanctions slapped on…
By Foo Yun Chee BRUSSELS (Reuters) -Meta, Alphabet unit Google, Twitter and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories including advertising bodies have committed to the updated…
By Koh Gui Qing and Danilo Masoni NEW YORK (Reuters) -World stocks resumed their slide on Thursday and government bonds hovered at multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession. Following a relief rally on Wednesday when investors cheered the…
NEW YORK (AP) — Cryptocurrency company Circle said Thursday that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month. It would be the first stablecoin in euros — the world’s second-most-important reserve currency after the U.S. dollar — backed by a large player in the industry and…
By Giulio Piovaccari and Nick Carey MARANELLO, Italy (Reuters) -Electric and hybrid models should make up 80% of Ferrari’s sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars as it leans on partners to make the costly shift to zero-emission driving. “Everything we do will always focus…
GENEVA (AP) — Talks went down to the wire Thursday as the World Trade Organization was set to wrap up its first ministerial-level meeting in more than four years, with no firm deal so far on issues like food security, the fight against overfishing in the seas, and efforts to broaden access to COVID-19 vaccines….
