By Amanda Cooper LONDON (Reuters) -Global stocks rallied for a second day on Tuesday, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors. UK Finance Minister Kwasi Kwarteng on Monday announced the government would back down on reversing a…
LYMAN, Ukraine (AP) — The bodies of Russian soldiers were lying in the streets of a key eastern Ukrainian city on Tuesday, evidence of a hasty retreat that marked a new military defeat for Moscow as it struggles to hang on to areas it illegally annexed last week. Russia’s upper house of parliament rubber-stamped the…
By Alexander Marrow MOSCOW (Reuters) -Russia on Tuesday fined TikTok for failing to delete content that violates Russian laws on ‘LGBT propaganda’ and streaming service Twitch for hosting a video interview with a Ukrainian political figure that Moscow said contained ‘fake’ information. Neither company immediately responded to a Reuters request for comment. Interfax reported that…
(Reuters) – Workers at South Africa’s state-owned logistics firm Transnet will go on strike starting this Thursday over a wage dispute, two labour unions said, in a move that could halt the export of key minerals and other cargo. Transnet has been operating below capacity due to a shortage of locomotives, poor maintenance and vandalism…
Ukrainian President Volodymyr Zelenskyy has formally ruled out talks with Russia following its illegal annexation of Ukrainian territories. Zelenskyy’s decree released Tuesday declares that holding negotiations with Russian President Vladimir Putin has become impossible after his decision to annex four regions of Ukraine. The decree enacted a decision by Ukraine’s National Security and Defense Council…
LONDON (Reuters) – Trafigura has appointed Richard Holtum as its global head of a newly combined gas and power division, the commodities trading firm said on Tuesday. Holtum has also become the 11th member of the Geneva-based company’s management committee. He was previously Trafigura’s global head of gas and liquefied natural gas (LNG) trading. Julien…
By Sam Nussey TOKYO (Reuters) – Sony Group Corp’s gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up. “Further investments in areas that will strengthen the expansion on…
TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate hike was the fifth in a…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%. The Reserve Bank of Australia’s increase of a quarter percentage point to the cash rate was smaller than those at recent monthly meetings. The banks had hiked the rate by…
By Kevin Buckland TOKYO (Reuters) – Australia’s dollar sank on Tuesday after the nation’s central bank surprised markets with a smaller-than-expected interest rate hike while sterling extended its recovery a day after the British government’s about-face on controversial tax cuts. The Aussie slumped as much as 0.97% and was last trading 0.5% weaker at $0.6482….
