By David Stanway SINGAPORE (Reuters) – Volunteers in dozens of countries were set to plant trees, clean up trash and urge governments to do more to combat climate change to mark Earth Day, as scientists warn of more extreme weather and record temperatures this year. The run-up to the 54th annual celebration of the environment,…
ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Friday that interest rates will fall as long as he is in power, and that inflation will decline with them, repeating his unorthodox views. Erdogan was speaking in Istanbul weeks before a presidential election on May 14. Some anticipate a shift to more orthodox policies after…
N’DJANEMA (Reuters) – Chad has recalled its ambassador to neighbouring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy. Chad said in a statement late on Thursday that the president of the landlocked Central African state decided to recall its…
(Reuters) – A conflict raging in Sudan is rattling neighbouring countries and worrying the United States and others for reasons ranging from concern about shared Nile waters and oil pipelines to the shape of a new government and a new humanitarian crisis in the making. Sudan, which relies heavily on foreign aid, is no stranger…
PARIS (Reuters) – French Finance Minister Bruno Le Maire pledged on Friday to take action against food retailers if they do not pass on lower wholesale prices to consumers struggling to cope with the rising cost of living. Global wholesale food prices have been falling but French food retailers and their suppliers agreed a 10%…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
BERLIN (Reuters) – Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding financial details were not disclosed. Nestle’s pizza business across Europe has an annual turnover of around CHF 400 million ($448.38 million), it said….
LONDON (Reuters) – British Deputy Prime Minister Dominic Raab resigned on Friday following an independent investigation into allegations that he bullied colleagues. WHAT DOES THE BULLYING INVESTIGATION REPORT SAY? A 48-page report by lawyer Adam Tolley lays out the findings into more than a dozen complaints about Raab’s behaviour. Tolley’s conclusions focus on three sets…
(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million…
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears…
