SEOUL, South Korea (AP) — South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world. The Seoul Southern District Prosecutor’s Office said Wednesday it plans to summon them for…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe told Parliament the South Asian country is “facing a far more…
ANKARA, Turkey (AP) — Turkey and Saudi Arabia on Wednesday declared their determination to start a “new era of cooperation” during a visit by Saudi Crown Prince Mohammed bin Salman, as they set aside years of acrimony following the brutal slaying of a Saudi columnist. The Turkish fiancée of the slain journalist meanwhile, decried the…
MOSCOW (Reuters) – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia’s trade surplus. At 0734 GMT, the rouble was 1.4% stronger against the dollar at 53.07, earlier strengthening to 52.80, its strongest mark since June…
BEIJING (AP) — Asian stock markets were mixed Thursday after Wall Street edged lower amid fears higher interest rates will chill global economic growth. Shanghai and Hong Kong advanced, while Tokyo and Seoul declined. Oil prices fell more than $2 per barrel to near $100. Federal Reserve Chair Jerome Powell, talking to members of Congress,…
LONDON (AP) — Britain’s inflation rate hit a new 40-year high of 9.1% in the 12 months to May, figures showed Wednesday, as Russia’s war in Ukraine drove food and fuel prices ever higher. The Office for National Statistics said consumer price inflation rose slightly from 9% in April, itself the highest level since 1982….
JUBA, South Sudan (AP) — Some young girls are still auctioned off into marriage for cows in South Sudan — one of the social challenges that activists had hoped to highlight during Pope Francis’ now-postponed visit. The price of a daughter, determined in negotiations between her father and would-be husband, is typically 50 to 100…
MADRID (AP) — Extended drought conditions in several Mediterranean countries, a heat wave last week that reached northern Germany and high fuel costs for aircraft needed to fight wildfires have heightened concerns across Europe this summer. And it’s only June. “Much of the continent is in drought,” said Cathelijne Stoof, an environmental science professor at…
LONDON (Reuters) -Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1%, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch. The reading, up from 9.0% in April, matched the consensus of a Reuters poll of economists. Historical records…
TAIPEI (Reuters) – The United States should “urgently” start talks with Taiwan on a free trade agreement with the aim to present a completed text for passage next year, the American Chamber of Commerce in Taiwan said in an annual policy paper published on Wednesday. Taiwan has long campaigned for such a deal, in what…
