WASHINGTON (Reuters) – The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico’s urgent need for liquified natural gas (LNG) after Hurricane Fiona. The Homeland Security Department issued a waiver of the Jones Act, a century-old law that requires goods moved between U.S. ports to be carried by…
By Joyce Lee SEOUL (Reuters) -Shares of South Korea’s Kakao Corp plunged on Monday after a widespread outage in the country’s largest mobile chat app triggered a sharp political backlash and calls for increased scrutiny on the company’s market dominance. The outage was caused by a fire at a data centre south of Seoul on…
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Monday he would pick the most appropriate person to take up the governorship of the central bank next April, suggesting the decision could wait until just before the current governor’s term ends on April 8. Kishida, speaking in parliament, mentioned no names and gave no…
By Wayne Cole SYDNEY (Reuters) – Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for further drastic tightening in global financial conditions, with all the risks of recession that brings. Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the…
TOKYO (Reuters) – Japan would firmly respond to any excessive currency fluctuations, its top currency diplomat Masato Kanda said, following the yen’s sharp fall to a 32-year low to the dollar. Each country would respond appropriately to an agreement on foreign exchange market moves by the Group of Seven (G7) and G20 meetings last week,…
(Reuters) – Australian health insurer Medibank Private Ltd said on Monday normal business operations had resumed after an attempted ransomware attack and reaffirmed that there was no evidence that customer data had been removed from the network. Medibank said last Thursday it would isolate and remove access to some customer-facing systems after it detected unusual…
RIYADH (Reuters) – Saudi King Salman said on Sunday the kingdom was working hard to support stability and balance in oil markets, including by establishing and maintaining the agreement of the OPEC+ alliance. King Salman bin Abdulaziz said in an address to the kingdom’s advisory Shura Council that his country was a mediator of peace…
By Mike Scarcella (Reuters) – The U.S. Justice Department on Sunday moved to dismiss an antitrust indictment against two former Pilgrim’s Pride Corp executives who were the remaining defendants in a conspiracy prosecution that has failed to secure any convictions. Federal prosecutors asked U.S. District Judge Daniel Domenico to dismiss the case against Jason McGuire,…
ADDIS ABABA, Ethiopia (AP) — Diplomats are calling on Ethiopia ’s federal authorities and their rivals in the northern region of Tigray to agree to a cease-fire as heavy fighting raises growing humanitarian fears. African Union Commission Chairman Moussa Faki Mahamat expressed “grave concern” in a statement Sunday over the fighting and called for an…
BUENOS AIRES (Reuters) – Argentina’s Economy Minister Sergio Massa said on Sunday the government will give workers tax relief from November by raising the threshold at which income tax is charged, as the country battles with soaring inflation. “It will take effect from Nov. 1, it will be above 330,000 pesos ($2,176),” Massa said in…
