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Malaysia to disburse nearly $400 million to aid households over food prices
KUALA LUMPUR (Reuters) - Malaysia will distribute a total of 1.74 billion ringgit ($395.19 million) in cash aid to low-income households from this month to help them cope with rising living and food c...
Syndicated Content Jun 22, 2022
BoE will ‘act forcefully’ to stem inflation, says Britain’s Sunak
LONDON (Reuters) - The Bank of England will "act forcefully" to combat rising prices, British finance minister Rishi Sunak said on Wednesday, as data showed UK inflation had hit a new 40-year high of ...
Syndicated Content Jun 22, 2022
German union demands 9.5% pay rise for Lufthansa ground staff
BERLIN (Reuters) -German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) per month more over 12 months, for Lufthansa ground staff to cushion the effects of soaring infla...
Syndicated Content Jun 22, 2022
Crypto giant Tether to launch sterling-pegged stablecoin
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) - Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London dra...
Syndicated Content Jun 22, 2022
EU court dismisses Ryanair challenge against Finnair state aid
BRUSSELS (Reuters) - Europe's second-highest court on Wednesday dismissed Ryanair's challenge against EU approval for millions of euros in state aid granted to rival Finnair. "The action seeking annul...
Syndicated Content Jun 22, 2022
Biden will ask Congress on Wednesday to pause gas tax amid record pump prices
By Jarrett Renshaw (Reuters) - U.S. President Joe Biden on Wednesday will call on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices, according to ...
Syndicated Content Jun 22, 2022
Umicore’s ‘all in’ bet on battery materials knocks shares
By Olivier Sorgho (Reuters) -Belgium's Umicore plans to invest around 5 billion euros ($5.25 billion) by 2026 to capitalise on the shift towards electric vehicles, the maker of chemicals and battery m...
Syndicated Content Jun 22, 2022
In Italy, a glimmer of resurrection for art damaged in 2016 quakes
By Philip Pullella SAN SEVERINO MARCHE, Italy (Reuters) - At the opening of a new museum in the picturesque Italian town of San Severino Marche, the guests of honour did not dress up. They were fireme...
Syndicated Content Jun 22, 2022
Boeing expects supply chain problems to last through most of 2023
DOHA (Reuters) -Boeing expects supply chain problems to persist almost until the end of 2023, led by labour shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return o...
Syndicated Content Jun 22, 2022
Swedish court upholds ban on Huawei sale of 5G gear
STOCKHOLM (Reuters) - A Swedish appeals court on Wednesday upheld a ruling by a lower court that bans Chinese telecoms company Huawei from selling 5G equipment in the Nordic country. In 2020, Swedish ...
Syndicated Content Jun 22, 2022
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