MOGADISHU, Somalia (AP) — No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one. Now she cradles her frail and squalling 3-year-old, Ali Osman, whom she carried on a 90-kilometer (55-mile) walk from her village…
PARIS (Reuters) -French spirits group Pernod Ricard said on Wednesday it was banking on digital initiatives, notably the use of data, and its portfolio of high-end brands to accelerate sales growth over the mid-term. The world’s second-biggest spirits group behind Diageo, Pernod said it would aim to deliver annual organic sales growth at the upper…
By Bernadette Christina and Gayatri Suroyo JAKARTA (Reuters) – South Korea’s LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company’s $9.8 billion investment in the country to produce electric vehicle batteries. The company will build a $3.5 billion smelter with the capacity to produce 150,000 tonnes…
BEIJING (Reuters) -China will make port operations more efficient and hold more online trade fairs as part of a suite of new measures to ease pressure on the country’s foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday. Export growth in the world’s second-largest economy slowed to single digits in April, the weakest in…
By Florence Tan SINGAPORE (Reuters) – Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support. Brent crude futures for August had risen 21 cents, or 0.2%, to $120.79 a barrel by 0413 GMT after closing on Tuesday…
By Joan Faus BARCELONA (Reuters) – Volkswagen’s Spanish brand CUPRA will launch three electric models by 2025, including what would be its first fully electric vehicle to be made in Spain, CUPRA said on Tuesday. Volkswagen delivered 452,000 all-electric vehicles last year and is aiming for half of its global output to be all-electric by…
TOKYO (AP) — The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday. The world’s third-largest economy contracted at an annual rate of 0.5%, according to Cabinet Office data. That was smaller than the 1.0% contraction in the preliminary estimate for Japan’s real gross domestic…
By Selena Li HONG KONG (Reuters) – Asia stocks rose on Wednesday, encouraged by a rally on Wall Street, but gains were kept in check by worries that aggressive central bank policy tightening will stifle global growth and raise the risks of stagflation. The World Bank on Tuesday slashed its global growth forecast by nearly…
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has no concrete plans for building factories in Europe at present, chairman Mark Liu said on Wednesday, adding customers in that region were fewer than in other parts of the world. The company is continuing to asses expansion plans in various regions, with the primary factor…
(Reuters) – Australia’s competition regulator on Wednesday said it had initiated proceedings against Airbnb Inc in the country’s Federal Court for allegedly misleading consumers on pricing for accommodation in the country. Between January, 2018 and August, 2021, the U.S.-based vacation rental company misled consumers in Australia by displaying prices for accommodation using only the ‘$’…
