By Nyasha Chingono HARARE (Reuters) – Inside a grimy, poorly lit room in Mbare, one of Zimbabwe’s most populous townships, a 45-year-old man sits on a makeshift stool as he pours a brownish liquid into small bottles. An alcoholic stench fills the room. The Mbare resident is one of Zimbabwe “backyard brewers” who are making…
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criticism of central banks’ increasing involvement in the fight against climate change, calling the issue a “must have” focus. “Climate-related risks are clearly among the long-term risks to which financial institutions are exposed: monitoring these risks is…
TOKYO (Reuters) -Japan is considering expanding the areas in which skilled foreign workers can receive long-term work visas to 12 from three, possibly including the food service industry, the Nikkei newspaper reported on Monday. Rapidly-ageing Japan suffers from an increasingly severe shortage of labour in a number of sectors but remains reluctant to allow a…
By Kanishka Singh (Reuters) – A 45-foot tall Disneyland dragon burst into flames after catching fire late on Saturday during a show in Anaheim, California, causing those in attendance to flee, local media and officials said, adding no injuries or deaths were reported. “The dragon’s head started to glow, and I see fire and kind…
By Hyunsu Yim SEOUL (Reuters) – Throngs of people have been milling seemingly aimlessly around the forecourt of a museum in central Seoul, brushing silently past each other with heads bent toward smartphones while fingers frantically tap screens – in the latest money-making trend. Walking 10,000 steps, completing tasks such as subscribing to social media,…
(Reuters) – A former prosecutor who led the Manhattan district attorney’s criminal probe into former U.S. President Donald Trump will go ahead with testimony in May before a congressional committee after an effort to block his appearance was dropped, the panel said on Friday. Former Manhattan prosecutor Mark Pomerantz will testify May 12, a spokesperson…
By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much better than expected first-quarter results and said it had set aside 575 million euros ($631 million) related to lawsuits over its recall of respiratory devices. Amsterdam-based Philips has been grappling with the fallout of the…
HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson. The wealth market in Asia has been undergoing a shakeup as some rich clients fled Credit Suisse amid a banker exodus…
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s economy is still seen growing at 3.6% this year, driven by tourism and domestic consumption, the central bank chief said on Monday, in spite of turbulence in the first half of the year and global financial uncertainty. As the country’s economic recovery remains intact, there…
TOKYO (Reuters) – Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, hit by hefty restructuring costs and difficulty in procuring semiconductors and other components. The loss of 24.3 billion yen ($181.01 million) for the January-March quarter compared to an average estimate for a 11.75 billion yen…
