NAIROBI, Kenya (AP) — Russia has suspended its part of a U.N.-brokered deal allowing Ukraine to export grain safely from its Black Sea ports during a monthslong war, saying it was not going to allow ships to travel. Ukraine said a dozen ships had sailed Monday after initially reporting that more than 200 vessels, many…
By Alex Lawler ABU DHABI (Reuters) – OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022…
LONDON (Reuters) – A New York judge has dismissed criminal charges against Tom Hayes, the British trader who became the face of the global Libor interest rate scandal. The former UBS and Citigroup trader served more than five years in prison in Britain for conspiring to rig Libor (London interbank offered rate) – a benchmark…
By Chris Taylor NEW YORK (Reuters) – Next time you are visiting the National Archives Museum in Washington, D.C., check out the 1297 copy of the Magna Carta, essentially the first written constitution in European history. It may have been drawn up under England’s King John, but these days it belongs to David M. Rubenstein….
FRANKFURT, Germany (AP) — Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping…
MILAN (Reuters) -Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, Campari has an option to buy the remaining 30% of the Kentucky-based producer of bourbon and rye whiskey in 2031. The…
BERLIN (Reuters) – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on Monday. The survey of some 7,000 businesses, conducted from Oct. 4 to 24, showed 7.5% felt their economic survival is threatened. “At the height of…
COPENHAGEN, Denmark (AP) — Denmark’s election on Tuesday is expected to change its political landscape, with new parties hoping to enter parliament and others seeing their support dwindle. A former prime minister who left his party to create a new one this year could end up as a kingmaker, with his votes being needed to…
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp said on Monday it will start building a new battery plant in Kansas in November and aims to begin mass production by March 2025, targeting North America’s fast-growing market for electric vehicles. The conglomerate’s energy unit, which supplies batteries to Tesla Inc, said in July it had picked Kansas…
KYIV, Ukraine (AP) — A massive barrage of Russian strikes hit critical infrastructure in Kyiv, Kharkiv and other Ukrainian cities on Monday morning, knocking out water and power supplies in apparent retaliation for what Moscow alleged was a Ukrainian attack on its Black Sea Fleet over the weekend. Russia has intensified its attacks on Ukraine’s…
