German consumer morale brightens heading into October – GfK
BERLIN, Sept 28 (Reuters) – The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer sentiment index, based on […]
Tunisia leader picks first woman as PM at moment of crisis
TUNIS, Sept 29 (Reuters) – Tunisian President Kais Saied named Najla Bouden Romdhane, a little-known university engineer with World Bank experience, as prime minister on Wednesday nearly two months after he seized most powers in a move his foes call a coup. Romdhane, Tunisia’s first woman prime minister, will take office at a moment of […]
German SPD says talks with kingmakers will not start this week
BERLIN, Sept 29 (Reuters) – Germany’s Social Democrats (SPD), who narrowly won Sunday’s national election, will not start talks with the Greens and the Free Democrats (FDP) about forming a three-way government until next week, a senior SPD politician said on Wednesday. The Greens and the liberal FDP, who are far apart on many issues, […]
Vale rescues all 39 workers trapped in Canadian mine
SAO PAULO, Sept 29 (Reuters) – Vale (VALE3.SA) has successfully rescued all 39 of its employees who were trapped in its Totten copper, nickel and precious metals mine in Sudbury, Ontario, Canada, the Brazilian miner said on Wednesday. All workers are in good health, Vale said. They were trapped on Sunday when a vehicle transporting the employees […]
Myanmar currency drops 60% in weeks as economy tanks since February coup
Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive […]
British army to start driving tankers as queues for fuel continue
LONDON, Sept 29 (Reuters) – British soldiers will start driving tankers to replenish empty pumps, as drivers queued again for fuel after days of shortages, despite Prime Minister Boris Johnson saying the situation was improving. Britain has been gripped by a rush of panic-buying for almost a week that has left pumps dry across major cities, […]
Yen sinks, Aussie climbs as Evergrande contagion fears recede
TOKYO, Sept 27 (Reuters) – The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an almost one-month low, as fears of widespread contagion from China Evergrande Group (3333. HK) receded. The yen also fell as higher U.S. yields attracted Japanese investor money while rising […]
Deutsche Boerse says relocation of euro clearing from London inevitable
LONDON, Sept 27 (Reuters) – Euro derivatives clearing was shifting from London to Frankfurt, showing how ending a heavy reliance on Britain after Brexit is feasible, a senior Deutsche Boerse official said on Monday. The European Union is due to decide by year-end on how to shift clearing in euro-denominated swaps to Frankfurt from the […]
Erdogan says Turkey plans to buy more Russian defense systems
WASHINGTON, Sept 26 (Reuters) – President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that could deepen a rift with NATO ally Washington and trigger new U.S. sanctions. Washington says the S-400s pose a threat to its F-35 fighter jets and to NATO’s […]
Revenue Surge in the Food Flavors Market
With each passing day, the cost of organic and natural flavoring ingredients rises in the market. On Tuesday, shares of Dutch flavorings and preservatives maker Corbion (CORB.AS) fell as much as 9% after higher freight and raw material prices forced the company to lower its 2021 EBITDA margin (The EBITDA margin is a measure of […]
