By Juliette Portala (Reuters) – The world’s largest financial institutions increased their backing of companies in the agriculture, forestry and land use sectors most responsible for deforestation in 2021, a new study showed on Tuesday. Issued by the Forests & Finance Coalition of NGOs, which looks to improve transparency, policies, systems and regulations in the…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation outpaced expectations in the third quarter and remains at historically high levels amid widespread price pressures. Annual inflation rose 7.2% in the third quarter, slowing from a 7.3% gain in the second quarter and sits just below three-decade highs, Statistics New Zealand said in a…
WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday it had issued an order denying export privileges to Russian carrier Ural Airlines, citing what it said were ongoing export violations. The order terminates the right of Ural to participate in transactions subject to U.S. export regulations. The Biden administration has stepped up its crackdown…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which lifted optimism about the corporate earnings season. Britain named Jeremy Hunt finance minister,…
By John Revill and Oliver Hirt ZURICH (Reuters) -Credit Suisse Group AG has approached at least one Middle Eastern sovereign wealth fund for a capital injection, a source said, while some funds are looking at the scandal-hit Swiss bank’s businesses as potential investment opportunities. Abu Dhabi and Saudi Arabia were weighing up, through their sovereign…
By William Schomberg, Kylie MacLellan and Elizabeth Piper LONDON (Reuters) – Britain’s new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan and scaled back her vast energy support scheme on Monday, making a historic policy U-turn to try to stem a dramatic loss of investor confidence. Truss’s spokesman denied that Hunt was…
They are precise, small in size, able to engage a target in relatively large numbers like a swarm of wasps and above all, they’re cheap. In Russia’s invasion of Ukraine, drones have cemented their reputation as a potent, hard-to-stop and cost-effective weapon to seek out and destroy targets while simultaneously spreading the kind of terror…
BERLIN (AP) — German Chancellor Olaf Scholz ordered ministers Monday to prepare to keep all of the country’s three remaining nuclear plants running until mid-April, putting his foot down on an issue that had threatened to split his three-party government. The decision comes as Germany tries to prevent a possible energy crunch due to cuts…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which…
By Arunima Kumar and Ruhi Soni (Reuters) -Continental Resources Inc said on Monday it had agreed to a higher offer from billionaire-founder Harold Hamm to take the U.S. shale producer private at a valuation of about $27 billion. Hamm, a legendary oilman who once called the Organization of the Petroleum Exporting Countries a “toothless tiger”,…
