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Stocks slump on fresh inflation, China COVID worries
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Oil falls on Beijing’s COVID-19 warning and inflation concerns
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Factbox-Impact of strike by South Korean truckers on autos, steel, others
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What next? Ukraine’s allies divided over Russia endgame
Global nuclear arsenal to grow for first time since Cold War – think-tank
Date: June 13, 2022
STOCKHOLM (Reuters) – The global nuclear arsenal is expected to grow in the coming years for the first time since the Cold War while the risk of such weapons being used is the greatest in decades, a leading conflict and armaments think-tank said on Monday. Russia’s invasion of Ukraine and Western support for Kyiv has...
K-pop group BTS promotes new album with New York pop-up shop
Date: June 11, 2022
(Reuters) – South Korean K-pop boy band BTS are promoting the release of their new album with pop-up shops in New York City and Los Angeles. Fans lined up from 7am on Friday to be among the first to purchase exclusive items created just for New York. “It’s hardly ever in New York, it’s mostly...
Britain’s Tesco raises price it pays milk suppliers again
Date: June 10, 2022
LONDON (Reuters) – Britain’s biggest supermarket group Tesco will hike the price it pays for all its fresh milk for a second time in three months as suppliers battle unprecedented levels of on-farm inflation, it said on Friday. The group, which has an over 27% share of Britain’s grocery market, said the more than 500...
Former coal hub Nottingham aims to become Britain’s first net zero city
Date: June 10, 2022
By Samuel Baugh NOTTINGHAM, England (Thomson Reuters Foundation) – The smoking towers of Ratcliffe-on-Soar coal power station loom outside the English city of Nottingham, a fitting beacon for an area long known as a hub of a once-thriving coal industry. Now local leaders are betting on a green industrial revolution, pledging to go carbon neutral...
The sea mines floating between Ukraine’s grain stocks and the world
Date: June 10, 2022
By Jonathan Saul LONDON (Reuters) -As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement. The Black Sea is crucial for shipment...
U.S. annual inflation posts largest gain in nearly 41 years as food, gasoline prices soar
Date: June 10, 2022
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared, leading to the largest annual increase in nearly 40-1/2 years, suggesting that the Federal Reserve could continue with its 50 basis points interest rate hikes through September to combat inflation. The...