BERLIN (AP) — Swiss retailer Migros said Tuesday that it is launching a coffeemaking system designed to replace capsules that produce thousands of tons of waste worldwide each year. The cooperative said its spherical capsules — described as “coffee balls” — are fully compostable, unlike the plastic and aluminum containers popularized by its rival Nestle…
By Ron Bousso LONDON (Reuters) – Shell and Exxon Mobil have put up for sale one of Europe’s largest and oldest natural gas production ventures, betting on soaring energy prices amid tensions with Russia to attract buyers, according to a document and industry sources. The top two Western energy giants could raise over $1 billion…
BERLIN (AP) — Israel’s president addressed Germany’s parliament on Tuesday about atrocities committed during the Third Reich, while at the same time praising the close and friendly relations that have emerged between the two countries since the end of the Holocaust. Six million European Jews were murdered by Germany’s Nazis and their henchmen during World…
THE HAGUE, Netherlands (AP) — The Dutch agriculture minister has unexpectedly resigned, telling reporters he wasn’t the right person for the job following a tumultuous summer of protests by farmers over pollution regulations. Henk Staghouwer, who held the position for only nine months, announced his decision Monday night. He had just returned from Brussels, where…
DALLAS (AP) — With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall. Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to pre-pandemic levels — even topping 2019 numbers over the Labor Day weekend….
TOKYO (AP) — Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Shares fell in early trading in Tokyo, Sydney, South Korea and Hong Kong, but were little changed in Shanghai. Oil prices fell, while the Japanese yen continued to…
FRANKFURT (Reuters) – German airline Lufthansa said it would make an improved offer to pilots on Tuesday in a bid to stop an escalation of a wage dispute after the union said it would go on strike again this week. The announcement by the Vereinigung Cockpit (VC) pilots’ union follows a strike last week that…
By Summer Zhen HONG KONG (Reuters) -Some of Asia’s large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore Chinese assets. Beijing’s clampdown on technology companies, a real estate debt crisis, Sino-U.S. audit tensions and disruptions from zero-COVID policies,…
BERLIN (AP) — A union representing pilots at Lufthansa on Tuesday called off a planned two-day strike after a last-minute agreement with Germany’s biggest airline in a pay dispute. The Vereinigung Cockpit union had announced plans for a walkout on Wednesday and Thursday, calling on the company to make a “serious” offer in talks over…
By Rae Wee SINGAPORE (Reuters) – The dollar took a breather on Tuesday after a sweeping rally but notched a fresh 24-year high against the rate-sensitive Japanese yen, as U.S. monetary policy tightening gathers pace and widens the gap with Japan’s stubbornly low interest rates. The yen bottomed at 140.97, the lowest since 1998, and…
