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Australia commits to Pacific islands defence training as China plans rival meet
ECB to drain cash in offset to new yield-capping scheme -sources
Date: June 28, 2022
By Francesco Canepa SINTRA, Portugal (Reuters) – The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters. Bond yields for Italy and other debt-laden countries have surged since the ECB unveiled plans to stop...
G7 commits $5 billion to tackling global food insecurity – U.S. official
Date: June 28, 2022
By Thomas Escritt and Sarah Marsh GARMISCH-PARTENKIRCHEN, Germany (Reuters) -The Group of Seven rich democracies will commit up to $5 billion to improve global food security, a senior U.S. official said, as the group responds to worries in developing nations about the threat of hunger triggered by war in Ukraine. On the final day of...
Africa’s dream of feeding China hits hard reality
Date: June 28, 2022
By Duncan Miriri and Joe Bavier THIKA, Kenya (Reuters) – Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels in the thought some might soon go to the crown jewel of emerging consumer markets: China. Taking advantage of Beijing’s deeper focus on trade...
Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%
Date: June 28, 2022
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp, giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $44 million, Berkshire said in a regulatory filing. The share purchases come...
Tokyo June heatwave worst since 1875 as power supply creaks under strain
Date: June 28, 2022
By Kantaro Komiya and Elaine Lies TOKYO (Reuters) -Japan baked under scorching temperatures for a fourth successive day on Tuesday, as the capital’s heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise the spectre of cuts. The heatwave comes less than two weeks before a national election...
Factbox-What’s changed – or stayed the same – since Hong Kong returned to China
Date: June 28, 2022
By Jessie Pang HONG KONG (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. China promised the city wide-ranging freedoms denied to those in mainland China for 50 years, although some say China has reneged on those promises, especially since 2020 under a new national security paradigm. Here’s...