Australia’s Treasury Wine warns of demand hit from inflation

By Navya Mittal and Echha Jain (Reuters) -Australia’s Treasury Wine Estates warned on Thursday that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs, sending its shares nearly 8% lower. The country’s biggest winemaker flagged challenging market conditions and consumption outlook for commercial wine, especially in Australia and the United Kingdom,…

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Russia says it said from the start that Ukraine was behind Kremlin drone attack

MOSCOW (Reuters) – President Vladimir Putin’s spokesman said Russia had said from the start that Ukraine was behind a drone attack on the Kremlin in early May, after the New York Times reported that U.S. spy agencies assessed one of Ukraine’s special military or intelligence units probably orchestrated it. Ukrainian President Volodymyr Zelenskiy denied at…

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Chinese hackers spying on US critical infrastructure, Western intelligence says

By Zeba Siddiqui and Christopher Bing (Reuters) -A state-sponsored Chinese hacking group has been spying on a wide range of U.S. critical infrastructure organizations, from telecommunications to transportation hubs, Western intelligence agencies and Microsoft said on Wednesday. The espionage has also targeted the U.S. island territory of Guam, home to strategically important American military bases,…

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Cathay needs to boost staff morale, union says, after “blanket-carpet” furore

By Farah Master HONG KONG (Reuters) -Cathay Pacific needs to address staff and resource shortages and raise pay to boost morale, its flight attendant union said, after three staff were fired for allegedly mocking passengers who could not speak English. A passenger on the CX987 flight from the southwestern Chinese city of Chengdu to Hong…

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Factbox-Russian gold shipments to the UAE, China and Turkey

By Peter Hobson LONDON (Reuters) – The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. The records, which contain details of nearly a thousand gold shipments between Feb. 24, 2022 and March 3 this year, reveal…

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PwC to remove staff involved in Australia tax leak scandal from govt work

By Lewis Jackson and Renju Jose SYDNEY (Reuters) -PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday. The accounting firm is embroiled in a national scandal over its use of confidential information about…

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