By Sergio Goncalves LISBON (Reuters) – Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer travel at Portugal’s main airports since Friday, data from national airports operator ANA showed. Employees of handling company Portway are demanding better holiday…
ROME (AP) — Italian authorities scrambled on Sunday to relieve overcrowding in shelters after scores of boats carrying a total of about 1,000 migrants reached Italy’s southern shores and two of its tiny islands over the weekend. Nearly 50 boats arrived between Friday night and Saturday on Lampedusa island off Sicily, according to state radio…
SLOVIANSK, Ukraine (AP) — Russia and Ukraine traded claims of rocket and artillery strikes at or near Europe’s largest nuclear power plant on Sunday, intensifying fears that the fighting could cause a massive radiation leak. Ukraine’s atomic energy agency painted an ominous picture of the threat Sunday by issuing a map forecasting where radiation could…
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the U.S. economy into recession. “Do you know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I am very worried that…
By Howard Schneider, Ann Saphir and Cynthia Kim JACKSON HOLE, Wyo./SEOUL (Reuters) -The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the U.S. Federal Reserve, Governor Rhee Chang-yong said on Saturday. In an interview with…
By David Randall NEW YORK (Reuters) -The 10.7% rally in the S&P 500 from its June lows is stumbling as it runs into what has historically been the toughest month for the U.S. stock market, sparking nerves among some fund managers of a broad sell-off in September. The S&P has been in a bear market…
By Tatiana Bautzer and Aluisio Alves SAO PAULO (Reuters) – A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football’s biggest source of talent, a change that could see Brazilian teams rival Europe’s top tier. The surge of fresh, mostly…
(Reuters) – China Petroleum and Chemical Corp, or Sinopec Corp, reported interim net income surged 10.4% to a record 43.53 billion yuan ($6.33 billion), thanks to strong oil and gas prices despite weakened domestic fuel sales. Sinopec, the world’s largest refiner by capacity, reported revenues of 1.61 trillion yuan for the six months, up 27.9%…
By Howard Schneider, Ann Saphir and Cynthia Kim JACKSON HOLE, Wyo./SEOUL (Reuters) – Bank of Korea Gov. Rhee Chang-yong said Saturday interest rates would need to continue increasing until inflation is in decline, but the country likely could not call a halt to its tightening cycle before the U.S. Federal Reserve. Dollar appreciation driven by…
By Marek Strzelecki and Kuba Stezycki WARSAW/BOGDANKA (Reuters) – In Poland’s late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times. Artur, 57, a pensioner,…
