By Lewis Jackson SYDNEY (Reuters) – Australia will encourage businesses diversify their trade into new and emerging markets, Trade Minister Don Farrell will say in a speech on Thursday, even as ties heal with China, its largest trading partner. “It’s why this government has spent the last year working to diversify our trading relationships,” he…
HAMBURG (Reuters) – Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker’s biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage have eased, a senior executive said. Imelda Labbe, who is part of the management board of the Volkswagen brand, said in an internal interview…
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said on Wednesday, as its monthly indicator declined sharply in May. The figure for this month slumped to 91 points from 101.5 in April, falling below the 100 reading that signals…
BERLIN (Reuters) – A global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing countries disproportionately, the International Labour Organisation (ILO) said on Wednesday. It urged nations to offer global financial support on job creation and social protection to help narrow the gap. While global unemployment is expected to…
VILNIUS (Reuters) – Latvia’s parliament has elected long-serving Foreign Minister Edgars Rinkevics as the country’s next president, Prime Minister Krisjanis Karins said on Wednesday. Rinkevics will represent Latvia, a European Union and NATO member nation, at NATO’s Vilnius summit in July. Rinkevics, 49, takes the largely ceremonial role after serving as Latvia’s foreign minister since…
By Janina Nuno Rios MEXICO CITY (Reuters) – Usain Bolt said he is desperate to play a role in reviving the sport that made him a global superstar but has experienced something of a decline since his retirement six years ago. The Jamaican, who dominated men’s sprinting for nearly a decade after the 2008 Beijing…
MOSCOW (Reuters) – Russia’s defence ministry said on Wednesday that its forces had destroyed what it described as Ukraine’s “last warship” two days ago in the port of Odesa in a missile strike. Ukraine’s navy declined to comment. “The last warship of the Ukrainian navy, the Yuriy Olefirenko, was destroyed at a warship mooring in…
By Seun Sanni and Richa Naidu ALAYIDE, Nigeria (Reuters) – Busari Kasali once lived with the fear that his cassava – a staple crop in his native Nigeria – would spoil before it got to market. Today, the 76-year-old says his main concern is keeping up with growing demand from consumer goods giant Unilever. “Things…
LULEA, Sweden (Reuters) – New anti-terrorism legislation which comes into force this week should pave the way for Sweden to join NATO in coming weeks and overcome a Turkish veto, Swedish Foreign Minister Tobias Billstrom said on Wednesday. Sweden and Finland applied for NATO membership following Russia’s invasion of Ukraine in 2022. While Finland joined…
By Burcu Karakas, Ece Toksabay, Huseyin Hayatsever and Maya Gebeily ANKARA (Reuters) – President Tayyip Erdogan played up his plans to repatriate a million Syrian refugees as he rode a wave of nationalism to his third decade in power, but he could struggle to make good on the promise as conflict lingers on in neighbouring…
