PARIS (Reuters) -The United States plans to rejoin the UNESCO organisation from this July onwards, UNESCO announced on Monday. The United States withdrew from the U.N. cultural agency in December 2018 under President Donald Trump over accusations of anti-Israel bias and mismanagement. “It is a strong act of confidence in UNESCO and in multilateralism”, UNESCO…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -Germany’s DAX index led gains among its European peers on Monday, boosted by Adidas shares after an analyst upgrade, while investor focus was largely on major central bank policy meetings scheduled through the week. The pan-European STOXX 600 index closed 0.2% higher, with the DAX up 0.9%….
By Blake Brittain (Reuters) – The U.S. Supreme Court handed brand owners a win against parody products on Thursday when it ruled that “Bad Spaniels” dog toys resembling Jack Daniel’s whiskey bottles are not shielded by the U.S. Constitution from the liquor maker’s trademark lawsuit. The decision is likely to force companies to toe a…
WASHINGTON (Reuters) – A White House meeting between Joe Biden and NATO Secretary-General Jens Stoltenberg that had been set to take place on Monday has been rescheduled to Tuesday, the White House said, after announcing the U.S. president would undergo an unscheduled root canal. (Reporting by Trevor Hunnicutt; writing by Rami Ayyub; editing by Tim…
By Sybille de La Hamaide PARIS (Reuters) – French Finance Minister Bruno Le Maire said last week he had secured a pledge from 75 top food companies to cut prices on hundreds of products next month to reflect a fall in raw material costs. Supply disruptions exacerbated by Russia’s invasion of Ukraine last year boosted…
By Clara Denina LONDON (Reuters) -Glencore on Monday offered to buy Teck Resources’ steelmaking coal business as a standalone unit, after the Canadian miner twice rebuffed its $22.5 billon offer to combine the two companies. Teck Resources said on June 6 it had received several proposals for its coal business, as it reworks a plan…
By Max Hunder KHERSON, Ukraine (Reuters) – For Kherson resident Iryna Radetska, the catastrophic flooding of her city after the giant Kakhovka dam was destroyed is the latest chapter in more than a year of wartime suffering. “They say a new love kills the old one. Maybe it’s the same with tragedy,” said 52-year-old Radetska,…
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television revenue by 2028. GroupM, the world’s biggest media buyer, said it expects advertising revenue from retail media channels will grow 9.9% to reach…
By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd, but costly livestock regulations, flagging demand and spreading swine disease point instead to a long-term decline in the European Union, the world’s top pork exporter. “We’re flying blind,” Joliff, who farms in France’s pig-breeding heartland…
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies’ currencies in the face of a dollar that is set to remain strong. “We upgrade our stance on EM local currency bonds to bullish, where…
