NEW YORK (AP) — When the Ford Foundation took the unprecedented step in June 2020 of issuing $1 billion in debt to help stabilize other nonprofits, it delighted investors and inspired several other large foundations to follow suit. Two years later, the foundations all stand by their decisions to take on long term debt, allowing…
LISBON, Portugal (AP) — European authorities are considering a liquefied natural gas pipeline from Spain to Italy as a way of getting around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe, Portugal’s prime minister said Friday. Portugal and Spain could send a lot of the liquefied natural…
BEIJING (AP) — Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. PetroChina Ltd., China Life Insurance Ltd. and China Petroleum & Chemical Co….
By Carolyn Cohn LONDON (Reuters) – U.S. stock index futures were indicating a positive start to Wall Street on Friday and world stocks headed for a fourth straight week of gains as investors scaled back views on how far U.S. interest rates and inflation can climb. Oil lost some shine on Friday but has still…
THE HAGUE, Netherlands (AP) — Amsterdam’s Schiphol Airport has launched a compensation program for travelers who missed their flights because of lengthy delays that have plagued the busy European hub for months. Schiphol’s announcement Thursday night heads off a possible mass claim for compensation by passengers who saw their holiday plans evaporate amid hourslong queues…
SHANGHAI/HONG KONG (Reuters) -Several Chinese state-owned companies including China Life Insurance and oil giant Sinopec announced plans on Friday to delist from the U.S. stock market. The companies, which also include Aluminium Corporation of China (Chalco) and PetroChina, said in separate statements that they would apply for delistings of their American Depository Shares from the…
KYIV, Ukraine (AP) — A ship approached Ukraine on Friday to pick up wheat for hungry people in Ethiopia, in the first food delivery to Africa under a U.N.-brokered plan to unblock grain trapped by Russia’s war on Ukraine and bring relief to some of the millions worldwide on the brink of starvation. For months,…
LONDON (AP) — The United Kingdom’s economy shrank in the three months to June, figures released Friday showed — a smaller-than-expected contraction that nevertheless added to jitters about the rocky months ahead. The Office for National Statistics said Britain’s gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the…
BERLIN (AP) — Former German leader Gerhard Schroeder is suing to restore the perks he enjoyed as ex-chancellor after he was stripped of them by parliament following criticism over his ties with Russia. Schroeder, who was chancellor from 1998 to 2005, has long had a close relationship with Russian energy companies and President Vladimir Putin….
BEIJING (AP) — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Revenue fell 5.9% from a year earlier to 301.6 billion yuan ($44.8 billion) in the six months through…
