WARSAW, Poland (AP) — Polish soldiers began laying razor wire Wednesday along Poland’s border with the Russian exclave of Kaliningrad after the government ordered the construction of a barrier to prevent what it fears could become another migration crisis. Defense Minister Mariusz Blaszczak said a recent decision by Russia’s aviation authority to launch flights from…
COPENHAGEN, Denmark (AP) — Despite finishing first in Denmark’s election, Prime Minister Mette Frederiksen decided to step down along with her Social Democratic government Wednesday in an attempt to build a broader coalition across the political divide. Frederiksen’s announcement came after a dramatic vote count in which the center-left bloc that has backed her since…
TOKYO (Reuters) – Mitsubishi Motors Corp, a junior partner in the Nissan Motor Co and Renault alliance, has not made a decision yet on whether to invest in the French automaker’s electric vehicle company, a top executive said on Wednesday. “It’s necessary to gain the full understanding of our shareholders and board members, and for…
(Reuters) – European shares opened higher on Wednesday on a boost from Danish drugmaker Novo Nordisk, while hopes grew that the U.S. Federal Reserve would signal a slowdown in its aggressive policy tightening cycle later in the day. The pan-European STOXX 600 index rose 0.3% by 0812 GMT, with Novo Nordisk jumping 4.5% as it…
By Isabel Kua SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a surprise drop in U.S. crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent crude rose 54 cents, or 0.6%, to $95.19 a barrel by 0723 GMT, while U.S. West Texas Intermediate (WTI) crude…
BEIJING (AP) — Access to an industrial zone in the central Chinese city of Zhengzhou was suspended Wednesday after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks. The announcement did not say whether the isolation of the Zhengzhou Airport Economic Zone was…
BEIJING (AP) — Asian stock markets tumbled Thursday after the Federal Reserve added to recession fears by saying it wasn’t finished raising U.S. interest rates to cool inflation. Hong Kong’s benchmark lost 3.1%. Shanghai, Seoul and Sydney also followed Wall Street lower after the Fed on Wednesday raised its key rate to the highest level…
(Reuters) – Swiss dental implants maker Straumann on Wednesday raised its 2022 organic sales growth outlook, citing post-pandemic recovery momentum. The company, which specialises in tooth replacement and orthodontic solutions, expects its revenue to grow in the mid-teens percentage range organically, against its earlier forecast for low-double-digit percentage growth. Straumann’s third-quarter organic sales came in…
HONG KONG (AP) — Chinese regulators downplayed China’s real estate slump and slowing economic growth while Hong Kong’s top leader pitched Hong Kong as a unique link to the rest of China at a high-profile investment summit Wednesday. About 200 global financial executives gathered to network and discuss issues such as global risks and sustainable…
By Stella Qiu SYDNEY (Reuters) – Asian shares climbed on Wednesday, led by Chinese stocks on reopening hopes, while the dollar sagged as investors braced for the U.S. Federal Reserve’s policy decision later in the day, with many hoping for signs of a slowdown in future rate hikes. European markets looked set to extend the…
