THE HAGUE, Netherlands (AP) — Dutch flag carrier KLM announced Thursday it is repaying the last portion of loans it got from from the Netherlands government and banks to help it survive when the COVID-19 pandemic threw global aviation into a tailspin. The carrier is paying back 277 million euros ($290 million) to the government,…
LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations…
By Noah Browning LONDON (Reuters) -Oil prices were largely steady in volatile trading on Thursday as the market weighed concerns over global supply against a build in U.S. fuel product inventories. Brent crude futures for September, the more actively traded contract, were up 28 cents, or 0.3%, at $112.73 a barrel by 0911 GMT. The…
BERLIN (Reuters) -German unemployment rose in June, Labour Office figures showed on Thursday, as Ukrainian refugees are registering with the office in search of work. The Federal Labour Office said the number of people out of work grew by 133,000 in seasonally adjusted terms to 2.417 million. Analysts polled by Reuters had on average expected…
NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000 barrels per day in August still leaves the world…
By Francesco Zecchini and Francesca Landini MILAN (Reuters) – Italy’s De Nora family will be relieved that the electrode manufacturer managed to make it on to the Milan Stock Exchange on Thursday after previous attempts to list businesses were thwarted by external crises. “At the beginning of the century, we were on the brink of…
TOKYO (Reuters) – More than 20% of Toshiba Corp shareholders voted against a dissident external director and two board directors from activist hedge fund investors, final voting results showed on Thursday. Such a level of opposition to company-backed candidates remains rare in Japan, although cases of rejection are on the rise as shareholder activism has…
BANGKOK (AP) — Japanese beverage giant Kirin Holdings plans to sell its shares in Myanmar Brewery to the joint venture, giving its local partner Myanma Economic Holdings Plc. 100% control of the company. Kirin said the share buyback agreement took into account its employees and other stakeholders and would be the fastest way to exit…
TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with renewed waves of coronavirus outbreaks, soaring prices and the war in Ukraine….
BEIJING (AP) — China’s manufacturing activity improved in June after anti-virus controls that shut down Shanghai and other industrial centers were eased, a survey showed Thursday. The monthly purchasing managers’ index released by the national statistics bureau and an industry group rose to 50.2 from May’s 49.6 on a 100-point scale on which numbers above…
