DAKAR (Reuters) -A 48-hour strike by air traffic controllers in West and Central Africa has been suspended, their union said on Saturday. The strike, which started on Friday, has disrupted flights across the region and left hundreds of passengers stranded at airports on Saturday. The Union of Air Traffic Controllers’ Unions (USYCAA), which called the…
By Scott Murdoch HONG KONG (Reuters) – Credit Suisse’s top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations. The memo sent by Chairman Axel Lehmann and Chief…
By Christopher Walljasper CHICAGO (Reuters) – Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago’s North Side in August. Throughout the COVID-19 pandemic, she used food stamps issued by the federal government to buy groceries while out of work for a knee injury. But this summer, the food stamps couldn’t…
By David Randall NEW YORK (Reuters) -A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another…
By Herbert Lash, Amanda Cooper and Tommy Wilkes NEW YORK/LONDON (Reuters) – U.S. and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central bank prescription of raising interest rates to tame inflation will drag major economies into recession. The Dow narrowly missed…
SAN DIEGO (AP) — A fugitive defense contractor nicknamed “Fat Leonard” who claims to have incriminating sex photos of U.S. Navy brass could become the latest bargaining chip in Venezuelan President Nicolas Maduro’s efforts to win official recognition from the Biden administration, according to experts. But it’s unclear how hard the U.S. government will fight…
(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of…
(Reuters) – Reuters is withdrawing a Sept. 8 article that compared carbon emissions from U.S. ethanol plants and oil refineries because of its flawed interpretation of data on ethanol-plant pollution and fuel-production capacity. That led to inaccurate estimates of carbon emissions for individual ethanol plants named in the story. STORY_NUMBER: L8N30E5AE STORY_DATE: 08/09/2022 STORY_TIME: 1000…
By Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday agreed to deepen cooperation on critical minerals used in electric vehicles (EVs) batteries as both countries seek to cut emissions to fight climate change. Yoon visited London for the funeral of Queen Elizabeth, and then New…
WASHINGTON (AP) — World Bank President David Malpass said Friday he won’t resign after coming under criticism for his remarks earlier this week regarding climate change. At an event sponsored by The New York Times on Tuesday, Malpass wouldn’t answer directly when asked whether the burning of fossil fuels has contributed to global warming. Instead,…
