By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas…
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines. President Gotabaya Rajapaksa’s government has come under growing pressure for its…
LONDON (Reuters) – British employers are offering annual pay settlements worth an average increase of 2.8% to staff, well below the rate of inflation, a survey showed on Monday. The Chartered Management Institute said many businesses were wary of offering pay rises when other costs were soaring and some feared that consumer demand would soon…
By Simon Jessop LONDON (Reuters) – Global Citizen, an international non-profit aiming to help end poverty, said on Monday it plans to launch six funds of up to $1 billion each focused on generating environmental and social impact in the developing world. The Global Citizen Impact Funds aim to help plug a large gap in…
DETROIT (AP) — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has…
NEW DELHI (Reuters) – The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said in a statement on Sunday. Without specifying the ratio of the stock split, it said the meeting on May 3 would consider a sub-division…
BEIJING (Reuters) -China Eastern Airlines has started putting its Boeing 737-800 jetliners back in use for commercial flights less than a month since a crash killed 132 people and led the company to ground 223 of the aircraft, the carrier said on Sunday. The airline said it had conducted systematic tests, structural checkups and verified…
BEIJING (Reuters) – China Eastern Airlines has restarted using Boeing 737-800 jetliners for commercial flights less than a month after a crash that killed 132 people on board and grounded over 200 of its aircraft, data from a tracking website showed on Sunday. China Eastern flight MU5843, operated by a three-year-old Boeing 737-800 aircraft, took…
MEXICO CITY (Reuters) -Mexican state oil company Pemex said on Saturday that it had brought under control a fire at its Salina Cruz refinery in the southern Oaxaca state without any injuries to personnel. The fire, which started on Friday, had engulfed a gasoline storage tank, sending a dense plume of black smoke billowing from…
By Kevin Yao BEIJING (Reuters) – China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year. Data on Monday is expected to show gross domestic product (GDP)…
