(Reuters) -Cheerios cereal maker General Mills Inc raised its full-year forecast after beating quarterly profit estimates on Wednesday, banking on higher prices and resilient demand for its breakfast cereals, snack bars and pet food. Packaged food makers have been steadily raising prices on everything from cereals to beef jerky as they look to insulate their…
CAGUAS, Puerto Rico (AP) — More than a half million people in Puerto Rico remained without water service three days after Hurricane Fiona slammed into the U.S. territory, and many spent hours in lines Wednesday to fill jugs from water trucks while others scooped water from mountain runoff. Sweat rolled down the faces of people…
By Kirsti Knolle and Anne Kauranen BERLIN/HELSINKI (Reuters) -Germany confirmed struggling gas importer Uniper’s nationalisation on Wednesday, adding another 8 billion euros ($7.9 billion) to its rescue as Berlin scrambles to secure power for Europe’s largest economy after Russian supply cuts. Nationalising Germany’s largest importer of Russian gas is the second move in a week…
THE HAGUE, Netherlands (AP) — The United States on Wednesday urged the International Court of Justice to throw out a case brought by Iran seeking to claw back around $2 billion worth of frozen Iranian assets that the U.S. Supreme Court awarded to victims of a 1983 bombing in Lebanon and other attacks linked to…
WASHINGTON (AP) — The CEOs of the nation’s biggest banks appeared in front of Congress Wednesday and gave a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing. JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser and other chief executives said the U.S. consumer is in good shape but…
(Corrects order of surname and given name in second paragraph) By Summer Zhen HONG KONG (Reuters) -Asia macro hedge fund managers, many of whom posted strong returns this year, are betting the Japanese yen’s unrelenting slide will end soon and some are even priming for a possible tumble in Japanese government bonds. Veteran Japan investor…
CANBERRA, Australia (AP) — Indigenous traditional owners on Wednesday won a court challenge that prevents an energy company from drilling for gas off Australia’s north coast. The Federal Court decision against Australian oil and gas company Santos Ltd. was a major win for Indigenous rights in the nation. Dennis Murphy Tipakalippa, who was described in…
NOVOMYKOLAIVKA, Ukraine (AP) — An unexploded rocket sticks out of a field, and another is embedded in the ground of the farm compound. Workers found a cluster bomb while clearing weeds, and there’s a gaping hole in the roof of the shrapnel-scarred livestock barn. All work has halted on this large eastern Ukrainian farm, whose…
By Kate Abnett BRUSSELS (Reuters) -The United States may be able to avoid the European Union’s plan to slap tariffs on imports of polluting goods based on its similar climate targets, the head of EU climate change policy said on Tuesday. The 27-country EU is negotiating a plan to introduce the world’s first carbon border…
LONDON (AP) — Britain’s government said Wednesday it will cap wholesale energy bills for businesses this winter to ensure companies don’t go bust amid soaring energy prices. Authorities said the government will pick up nearly half of all business energy bills for six months starting Oct. 1 to ensure companies “are able to get through…
