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PRAGUE/WARSAW (Reuters) – Officials in Central Europe voiced concern on Sunday that they were reaching capacity to comfortably house some of the nearly 3.5 million refugees who have fled Ukraine since Russia’s invasion and are now camped in temporary accommodation.
More than 2 million Ukrainians have crossed into Poland since the invasion by Russia, which it says is a “special operation” aimed at demilitarising Ukraine, began on Feb. 24. Ukraine and the West say Russian President Vladimir Putin launched an aggressive war of choice.
Warsaw officials say this has increased the Polish capital’s population of 1.8 million by 17%.
At the Medyka crossing, Poland’s busiest along the country’s some 500-km (310-mile) border with Ukraine, aid groups were preparing for a surge of refugees if humanitarian corridors allowed Ukrainians in areas under siege to escape.
“It becomes scary, panic starts, and you want to run away somewhere,” Strelcova added.
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2022-03-20T15:16:46Z
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Flow of Ukrainian refugees testing limits of central Europe’s capacity | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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KRAKOW, Poland (Reuters) – It’s 11:30 a.m. at Krakow Main Station and Ruslana Shtuka is desperate for some fresh air.
Volunteering with Ukrainians has made Wyka reflect on how her government treated refugees in the past. Most recently, the evacuees came from countries like Iraq and Afghanistan, and got stranded in the border area between Poland and Belarus last year in a stand-off between Minsk and the European Union. Rights groups criticised Poland’s nationalist government for forcing migrants back into Belarus. Poland said it was respecting its international obligations while trying to stem the flow of people.
As night wears on, more refugees gather around the office, where a few metres away women and children sit on highlighter green and blue benches and lean against a souvenir shop that sells novelty t-shirts that read “I LOVE KRAKOW”.
“Show them our house,” Anya says. Her mother opens her new, donated phone to show an image of a charred apartment block in Bucha, a town 25 kilometres from Kyiv that has come under heavy bombardment since the start of the war.
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2022-03-20T15:16:53Z
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In Krakow rail station, Ukraine war refugees find care amid chaos | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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https://www.oann.com/in-krakow-rail-station-ukraine-war-refugees-find-care-amid-chaos/?utm_source=rss&utm_medium=rss&utm_campaign=in-krakow-rail-station-ukraine-war-refugees-find-care-amid-chaos
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FILE PHOTO: Golf - The 147th Open Championship - Carnoustie, Britain - July 21, 2018 South Africa's Shaun Norris during the third round REUTERS/Andrew Yates
(Reuters) – Shaun Norris overcame a poor start to his final round to card a 70 and win the DP World Tour’s Steyn City Championship with 25 under par on Sunday, his first victory on the European circuit.
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2022-03-20T16:48:01Z
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Golf-Norris overcomes poor start to claim Steyn City Championship | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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https://www.oann.com/golf-norris-overcomes-poor-start-to-claim-steyn-city-championship/?utm_source=rss&utm_medium=rss&utm_campaign=golf-norris-overcomes-poor-start-to-claim-steyn-city-championship
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PARIS (Reuters) – French far-left presidential candidate Jean-Luc Melenchon, who may yet challenge for a place in the April election’s crucial runoff, on Sunday promised to lower the age of retirement, hike the minimum wage and freeze food and fuel prices.
The 70-year-old’s campaign received a boost this month when left-winger and feminist icon Christiane Taubira exited the race. With the traditional centre-left Parti Socialiste (Socialist Party) verging on irrelevance and the Greens struggling to galvanise a wide support base, Melenchon appealed to undecided voters and those who might abstain to back him.
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2022-03-20T18:19:15Z
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Melenchon, running third in French election race, promises to tame capitalism | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: NFL Football - Houston Texans v Jacksonville Jaguars - NFL International Series - Wembley Stadium, London, Britain - November 3, 2019 Houston Texans' Deshaun Watson at the end of the match Action Images via Reuters/Andrew Boyers
(Reuters) – The Cleveland Browns have acquired quarterback Deshaun Watson from the Houston Texans, saying on Sunday they had done their due diligence in signing the 26-year-old who has been accused of sexual assault and inappropriate conduct.
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2022-03-20T18:19:30Z
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www.oann.com
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NFL-Browns acquire quarterback Watson from Texans | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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https://www.oann.com/nfl-browns-acquire-quarterback-watson-from-texans/?utm_source=rss&utm_medium=rss&utm_campaign=nfl-browns-acquire-quarterback-watson-from-texans
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FILE PHOTO: Chevron Corp's refinery is shown in Richmond, California August 7, 2012. REUTERS/Robert Galbraith
(Reuters) – The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 a.m. on Monday barring agreement on a new labor contract.
The United Steelworkers union at the 245,000 barrel-per-day plant outside of San Francisco said in a notice to members that it has canceled a contract extension, “offered the company a safe and orderly shutdown,” and was awaiting a reply from Chevron.
However, the San Ramon, California-based company “is prepared to continue normal operations safely and reliably to provide the energy products that are needed by consumers,” the spokesperson said.
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2022-03-20T19:51:07Z
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Union workers at Chevron refinery prepare for strike on Monday | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Britain's Prince William and Catherine, Duchess of Cambridge greet people during a visit to the Garifuna community on the second day of their tour of the Caribbean, Hopkins, Belize, March 20, 2022. REUTERS/Toby Melville
BELIZE CITY (Reuters) – Prince William and his wife Kate were due to visit a chocolate business in Belize on Sunday a day after arriving in the country for a weeklong Caribbean tour that spurred a local protest even before they left Britain.
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2022-03-20T21:21:52Z
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British royals to visit chocolate business in Belize after protest nearby | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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NOTTINGHAM, England (Reuters) – Diogo Jota’s late winner earned Liverpool a 1-0 victory at a spirited Nottingham Forest on Sunday to book an FA Cup semi-final clash with Premier League title rivals Manchester City.
It was anything but a deserved victory for Liverpool, who were restricted to mostly efforts from distance by Forest, but Jota’s clinical finish at the crucial moment made all the difference, meaning they remain in with a shot of winning four trophies this season.
“They gave us a proper challenge and their fans were outstanding. But we are in the semi-finals. It (City) is another tough game. One more. There are still a lot of games before then.”
The visitors took the lead in the 12th minute when Raheem Sterling’s first-time effort took a deflection off Tino Livramento to beat goalkeeper Fraser Forster.
The Premier League leaders went ahead again after 62 minutes when Gabriel Jesus was brought down by Mohammed Salisu and Kevin de Bruyne’s penalty crept under Forster’s outstretched arm, before substitute Phil Foden lashed home from the edge of the area 15 minutes from time and Riyad Mahrez completed the rout.
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2022-03-20T22:53:37Z
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Soccer-Jota fires late winner as fortunate Liverpool down Forest in FA Cup | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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U.S. fighters say they felt calling to join Ukraine’s cause
BROVARY, Ukraine (Reuters) – Three U.S. volunteer fighters who have risked their lives alongside Ukrainian soldiers said they had joined the struggle against Russian forces to stop civilians suffering and in the name of freedom.
Red Taylor, from Tennessee, said that the Ukrainian with them spoke good English and spotted the landmine but that the group “could not even count a second between the time he said there are landmines everywhere and the ‘boom'”.
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2022-03-20T22:53:45Z
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www.oann.com
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U.S. fighters say they felt calling to join Ukraine’s cause | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Motor racing-Red Bull say double retirement is ‘worst nightmare’
MANAMA (Reuters) – The dream turned into a nightmare for Formula One world champion Max Verstappen in Bahrain on Sunday when Red Bull’s challenge for victory in the season-opening race ended in double retirement.
The Dutch driver took the fight to Ferrari’s eventual race winner Charles Leclerc early on but his hopes died when he retired from second place three laps from the end.
Team boss Christian Horner said it had been a “brutal finish” and the double retirement was the team’s “worst nightmare”.
Verstappen explained his car’s brakes were overheating early on and then there was a problem with its balance and steering before what finally appeared to be a fuel system issue.
“It was just almost impossible to steer and the faster I was going, it felt also like there was a delay,” he told Sky Sports television. “So every time I was turning right it took a while before something was happening.
“It was very hard out there, a lot of different issues we had to deal with.”
“We already lost a lot of points again in one race weekend so that’s really not good. Of course I know that with one retirement it’s not over but I would have preferred to have at last 18 points,” he added.
Horner said it looked like both cars had suffered a similar issue at the end, while Verstappen’s steering problem stemmed from the car being dropped at a pitstop.
“The negatives are zero points, that’s a brutal start. The positives are we’ve got a great car, we’ve got a car that’s qualified on the front row and that’s fought with Charles for the win,” he said.
“We’ve got to get this behind us and get stuck into the next event.”
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2022-03-21T00:24:43Z
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Motor racing-Red Bull say double retirement is ‘worst nightmare’ | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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LONDON (Reuters) – Striker Son Heung-min scored twice as Tottenham Hotspur rose to fifth in the Premier League table with a 3-1 win over West Ham United on Sunday that left them three points off the top four and the chance of Champions League football next season.
(Reporting by Philip O’Connor; editing by Clare Fallon and Toby Davis)
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2022-03-21T00:24:59Z
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Soccer-Son double shoots Spurs into fifth with 3-1 win over West Ham | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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SYDNEY (Reuters) – Italian luxury yacht maker Ferretti S.p.A launched a Hong Kong initial public offering (IPO) on Monday to raise up to $301 million, a term sheet seen by Reuters showed, despite ongoing volatility in global equities markets.
Hong Kong’s Hang Seng Index has see-sawed in the past week but remains down nearly 9% for the year.
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2022-03-21T01:56:19Z
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Ferretti launches Hong Kong IPO to raise up to $301 million – term sheet | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Private equity firm Thoma Bravo to buy Anaplan for $10.7 billion – WSJ
(Reuters) – Private equity firm Thoma Bravo LP has struck a deal to buy software maker Anaplan Inc for $10.7 billion, the Wall Street Journal reported https://on.wsj.com/3KYCmiq on Sunday, citing people familiar with the matter.
The deal comes close on the heels of software company Citrix Systems being taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners in January.
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2022-03-21T01:56:34Z
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Private equity firm Thoma Bravo to buy Anaplan for $10.7 billion – WSJ | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: New Zealand Prime Minister Jacinda Ardern participates in a televised debate with National leader Judith Collins at TVNZ in Auckland, New Zealand, September 22, 2020. Fiona Goodall/Pool via REUTERS/File Photo
WELLINGTON (Reuters) – New Zealand said on Monday it will provide Ukraine with a further NZ$5 million ($3.46 million) in funds and non-lethal military assistance including some surplus equipment.
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2022-03-21T03:27:47Z
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New Zealand to provide Ukraine with non-lethal military assistance | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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German resort’s rift over Russian oligarch resonates across country
FRANKFURT (Reuters) – A German politician who mobilized a protest against a now-sanctioned Russian resident of his resort town has attracted a following, but also angry emails and a threatening phone call.
This mirrors Germany’s ambivalence to becoming a sanctuary for wealth in a culture that cherishes privacy but that critics say has allowed the mega-rich to squirrel away assets in secrecy.
And while Britain, France, Italy and Spain have seized yachts and other property since Russia’s invasion of Ukraine and the subsequent imposition of sanctions on influential Russians, Germany appears to have sat on its hands.
“For years, Germany has been a magnet for dirty money from all over the world. For too long, we did not look closely enough, and now we are suffering the consequences,” Lisa Paus, a member of Germany’s parliament, said.
Germany’s uneasy relationship with oligarchs has shone an uncomfortable spotlight on the Bavarian lakeside community around Tegernsee, where locals and officials say at least three homes belong to Uzbekistan-born businessman Alisher Usmanov.
Usmanov, who has interests in mining and telecommunications and a net worth that Britain estimates at more than $18 billion, was described by the European Union as a “pro-Kremlin oligarch with particularly close ties to Russian President Vladimir Putin” when it imposed sanctions on him.
His holding company USM, whose website describes Usmanov as an entrepreneur, investor and “one of the world’s most generous philanthropists”, did not respond to requests for comment. Two other companies he owns did not respond.
Thomas Tomaschek, a member of the council of Rottach-Egern on Tegernsee’s southern tip, this month called a demonstration to say Usmanov was no longer welcome, even though restaurants, carpenters and hoteliers had profited from his presence.
Tomaschek says he received an email saying “shame on you” for demonstrating “against a Russian who clearly lives as a private person in Rottach-Egern”. Another wrote: “Should anyone who has shaken Putin’s hand be deprived of assets in Germany?”
A caller screamed “Nazi pig” down the phone, prompting him to file a complaint and to remove an axe for chopping wood from his doorstep in case someone violent appeared. The local police confirmed it was investigating.
‘SAFE HAVEN’
Angry grass roots activists are now drawing attention to Germany’s impotence when it comes to seizing assets.
“The whole history of Germany over the last few years has been one of unenthusiastic enforcement,” Lohaus said.
There has been no confiscation of the yacht, a spokesperson for Hamburg’s economics ministry said last week.
“Germany offers them all a safe haven for their dirty money. This has to stop now!” the Finanzwende petition reads. The finance ministry said in an emailed response to Reuters that it has been working on measures to clamp down.
Part of Germany’s problem with enforcement has been bureaucracy, with responsibility spread across ministries.
Hartmut Baeumer, a former judge and now chair of Transparency International Germany, said Germans are risk-averse when it comes to confronting legal issues, while a belief in strong protection of an individual’s rights runs deep.
“We Germans are still working through the consequences of the Nazi era. The pendulum has swung very far in the direction of privacy and individual freedoms,” Baeumer said.
‘A BILLIONAIRES’ PLACE’
German and international elites have long sought refuge in the rolling hills around Tegernsee, which sits between Munich and the Alps, and Rottach-Egern markets itself as home to Europe’s first beauty farm and “first-class and elegant” hotels.
“Tegernsee is a billionaires’ place,” one prominent local businessman said on condition of anonymity.
Gerhard Hofmann, Rottach-Egern’s city manager, said he had never witnessed such uproar in his native town.
Usmanov “just wanted to have his peace”, Hofmann said, adding that the oligarch had helped the local economy by employing local architects and companies.
“As a town, we are neutral,” he added.
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2022-03-21T08:01:27Z
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German resort’s rift over Russian oligarch resonates across country | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay
BERLIN (Reuters) – German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday.
The February figures continued a stretch of record increases since the office began compiling numbers, topping December and January’s figures of 24.2% and 25% respectively.
February’s producer prices did not take into account the effects of Russia’s attack on Ukraine.
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2022-03-21T09:32:56Z
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German producer prices jump by record 25.9% | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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BEIJING (Reuters) – Chinese President Xi Jinping called for “all-out” efforts to organise search and rescue for passengers on the Eastern Airlines jet crash on Monday, state television reported.
Expressing “shock” at hearing the news of the crash, Xi instructed officials to the launch an emergency response immediately and to investigate the cause of the crash as soon as possible，according to state television CCTV.
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2022-03-21T11:04:18Z
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China’s President Xi calls for ‘all-out efforts’ to find Eastern jet crash survivors | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Expect ECB, Fed to be out of sync: ECB’s Lagarde
PARIS (Reuters) – The world’s two top central banks will move out of sync in the foreseeable future, as the war in Ukraine has vastly different effects on their economies, European Central Bank President Christine Lagarde said on Monday.
“Our two economies are in a different place in the economic cycle, even before the war in Ukraine,” Lagarde told a financial conference. “For geographical reasons, Europe is way more exposed (to the war) than the U.S..”
Soaring energy costs have already pushed euro zone inflation to a record-high 5.9% last month and the rate could hit 7% in the months ahead, well above the ECB’s 2% target.
Lagarde said the U.S. economy is less reliant than Europe’s on commodity imports and its trade will also be less affected, so that the two central banks will need to move out of sync.
“In the short, medium term, it will be of an inflationary nature. Whereas in the long term, forces on prices will be rather deflationary, she said.
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2022-03-21T11:04:26Z
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www.oann.com
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Expect ECB, Fed to be out of sync: ECB’s Lagarde | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Ivory Coast’s ‘Real Boys’ address drug use, violence through dance
ABIDJAN (Reuters) – On a dimly lit stage in Abidjan one member of the dance group lies motionless on the floor, legs splayed, while seven others dance around him in an intense hip-hop routine meant to warn about the dangers of drug use and gang violence in Ivory Coast.
But the dances also incorporate serious themes, and in one they use knives to highlight the dangers facing young people, he said. The inspiration for their show “Ghetto” came from observing people on the streets in their neighbourhoods and suburbs of Abidjan.
“In this show they transmit a very good message because at the present time in Africa young people are very much focused on alcohol and cigarettes and this is what is called basically the ghetto,” said Jean-Marc Kouassi, a member of the audience at Real Boys’ show at MASA. “Denouncing this behaviour, I think it’s a very good message for Africa.”
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2022-03-21T11:04:33Z
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Ivory Coast’s ‘Real Boys’ address drug use, violence through dance | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Boeing Co shares fell 8% before the bell on Monday as its aircraft belonging to China Eastern Airlines, with 132 people on board, crashed in the mountains of southern China.
Shares of Boeing were trading lower at $177.40, while China Eastern’s American Depositary Receipts were down at $15.89.
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2022-03-21T12:35:24Z
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Boeing shares fall after 737 plane crashes in Southern China | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Carlos Sainz said he had plenty of catching up to do even as he celebrated a stunning one-two finish behind Ferrari team mate Charles Leclerc in Formula One’s Bahrain Grand Prix season-opener.
“For me it’s been a very tricky weekend, I’m not going to lie. I didn’t have the pace today. But I managed to hold in there and bring the one-two for the team,” he said on Sunday night after Ferrari’s first win since 2019.
“I have some homework to do over these next few days and I’m sure I will come back stronger.”
“In FP1, FP2 and FP3 (free practice) I was very far behind, the most far that I’ve been ever in Ferrari and that’s why even with a one-two that we scored I’m not entirely happy with the weekend,” he told reporters.
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2022-03-21T12:36:02Z
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Motor racing-Sainz celebrates but knows he has work to do | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Tunisia's President Kais Saied holds a news conference on gives a statement on the coronavirus disease (COVID-19) vaccination, during a European Union - African Union summit, in Brussels, Belgium February 18, 2022. REUTERS/Johanna Geron/Pool
TUNIS (Reuters) -Tunisia’s president said on Monday there would be a national dialogue about the country’s political system as he moves to rewrite the constitution after establishing one-man rule, but he gave no details on how it would take place.
“Consultation is the first stage of national dialogue… the national dialogue will take place after considering the results of the consultation,” he said in a video recording released online.
His critics viewed the online consultation about the constitution as a means to bypass dialogue with the country’s other main players. When it ended on Sunday, only 500,000 Tunisians had taken part from a population of 12 million.
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2022-03-21T12:36:18Z
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Kohl’s says board reviewing multiple buyout offers
FILE PHOTO: The Kohl’s label is seen on a shopping cart in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid
(Reuters) -U.S. department store Kohl’s Corp said on Monday it was reviewing multiple preliminary offers to acquire the company as part of an ongoing review of the sale of its business.
Canadian department store chain Hudson’s Bay Co is bidding for Kohl’s, a source familiar with the matter told Reuters last week.
Kohl’s, which is facing pressure from activist investors to sell itself, said the proposals received are non-binding and without committed financing.
Activist hedge fund Macellum Advisors, which owns roughly 5% of Kohl’s stock, said in February it is seeking to take control of the company’s board and has nominated 10 directors while criticizing the retailer for not doing enough to improve its business.
Kohl’s, in a letter to shareholders on Monday, urged them to vote for in favor of all its nominees and believes Macellum’s efforts to take control of the company are “unjustified and unwarranted and highly concerning.”
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2022-03-21T14:06:46Z
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WASHINGTON (Reuters) -The United States formally determined that Myanmar’s army committed genocide and crimes against humanity in its violence against the Rohingya minority, U.S. Secretary of State Antony Blinken said on Monday, warning that as long as the junta was in power nobody in the country would be safe.
“The U.S. government should couple its condemnations of Myanmar’s military with action,” said John Sifton, Asia advocacy director at Human Rights Watch. “For too long, the U.S. and other countries have allowed Myanmar’s generals to commit atrocities with few real consequences.”
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2022-03-21T15:38:17Z
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U.S. formally declares Myanmar army committed genocide against Rohingya | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Brazil's former President Luiz Inacio Lula da Silva attends an event of the Workers Party (PT), in Curitiba, Brazil, March 18, 2022. REUTERS/Rodolfo Buhrer/File Photo
BRASILIA (Reuters) – Former leftist President Luiz Inacio Lula da Silva holds a comfortable lead in the run-up to Brazil’s October election while voters blame incumbent far-right President Jair Bolsonaro for surging fuel prices, a poll showed on Monday.
Lula’s 14-point lead widens to 19 percentage points in a run-off between the two main contenders, said the poll, which was commissioned by investment bank BTG Pactual.
Bolsonaro’s rejection rate is the highest among all potential candidates, with 59% of those surveyed saying they would never vote for him, followed by Sao Paulo Governor Joao Doria, who is trailing with just 2% of voter support.
“I don’t believe in polls, but the guy who practically destroyed Brazil is ahead,” he said in a radio interview. “Either the surveys are fraudulent or people are not well informed.”
(Reporting by Anthony Boadle, additional reporting by Lisandra Paraguassu.; Editing by Paul Simao and Jonathan Oatis)
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2022-03-21T15:38:24Z
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Brazilian leftist Lula leads Bolsonaro ahead of October election, poll shows | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) -Russian grandmaster Sergey Karjakin has been banned from competition for six months because of his support for Russia’s invasion of Ukraine, the International Chess Federation (FIDE) said on Monday.
Karjakin, who was born in Crimea and represented Ukraine until 2009, said: “An expected, but no less shameful decision by FIDE. All sports selections have been trampled, the basic principle that sport is out of politics has been trampled.”
“I made the hardest selection through the World Cup in the Candidates Tournament. Winning that would have put me in a match for the world championship. Alas, FIDE embarrassed themselves, not me,” Karjakin added on Telegram.
“And most importantly, first of all I am a patriot of my country and only second of all I am an athlete. If I thought back to the situation when I supported the president of Russia, the people and the army I would have done the same thing! I don’t regret anything.”
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2022-03-21T15:38:32Z
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FILE PHOTO: Models present creations by British designer Sarah Burton as part of her Fall/Winter 2019-2020 women's ready-to-wear collection show for fashion house Alexander McQueen during Paris Fashion Week, in Paris, France, March 4, 2019. REUTERS/Regis Duvignau/File Photo
PARIS (Reuters) – French luxury goods company Kering named Gianfilippo Testa on Monday as the new CEO of Alexander McQueen, tapping an executive from its star Gucci label for the role.
Testa will be tasked with “accelerating expansion of the British luxury house to tap its full potential,” Kering said in a statement.
The group has invested in expanding the McQueen label’s network of stores as part of efforts to raise the profile of Kering’s smaller brands, which also include Balenciaga and Bottega Veneta.
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2022-03-21T15:38:40Z
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Kering names Gianfilippo Testa as CEO of Alexander McQueen | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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GUANGZHOU, China (Reuters) – A China Eastern Airlines Boeing 737-800 with 132 people on board crashed in mountains in southern China on a domestic flight on Monday after a sudden descent from cruising altitude. Media said there were no signs of survivors.
“Boeing is in contact with the U.S. National Transportation Safety Board and our technical experts are prepared to assist with the investigation led by the Civil Aviation Administration of China,” the company said.
A person familiar with the matter told Reuters that Boeing has canceled a meeting of its senior executives scheduled for this week in Miami to focus on assisting the investigation and China Eastern Airlines.
Shares in Boeing were down 4% at 19:15 GMT. Shares in China Eastern Airlines in Hong Kong closed down 6.5% after news of the crash emerged, while its U.S.-listed shares slumped 17% in premarket trading.
China’s aviation safety record, while good, is less transparent than in countries like the U.S. and Australia where regulators release detailed reports on non-fatal incidents, said Greg Waldron, Asia managing editor at industry publication Flightglobal.
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2022-03-21T20:12:16Z
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FILE PHOTO: Baked bread from Bethel Brothers Bakery is seen on a street vendor's stall in Accra, Ghana, March 8, 2022. REUTERS/Francis Kokoroko
ACCRA (Reuters) – Ghana’s central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa’s largest economies.
It is the largest increase in Ghana’s history, according to government records, more than double the 100-basis-point rise predicted by a Reuters poll of 10 economists last week.
“The uncertainty surrounding price development and its impact on economic activity is weighing down business and consumer confidence,” the bank’s governor, Ernest Addison, told a news conference. “The risks to inflation are on the upside.”
Restaurants and bakeries have downsized menus and laid off staff. The national taxi drivers union has threatened to strike over spiralling fuel costs. [L5N2VD7O1]
Meanwhile, Ghana’s cedi has weakened by about 20% against the dollar this year, making it the second-weakest currency after the Russian rouble in a list of some 20 emerging market units tracked by Reuters.
Addison blamed that in part on recent downgrades by credit ratings agencies Moody’s and Fitch, which he said shook investor confidence.
Ghana’s total public debt stands at $50.8 billion (351.8 billion Ghanaian cedi), according to central bank figures, about 80% of the country’s gross domestic product.
The central bank has made efforts to improve the situation. Monday’s rate hike marks the first time it has increased the prime rate twice within one year since 2015, after a previous one in November.
Economists have warned the fiscal deficit may spark a full-on debt crisis if more money doesn’t come in.
Ghana’s ruling party says the solution lies in a 1.75% tax on all electronic payments, locally known as the ‘e-levy’, a proposal so detested by the opposition that it caused a brawl in parliament last year.
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2022-03-21T20:12:24Z
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Ghana imposes record interest rate hike to slow inflation | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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SANTA LUCIA, Mexico (Reuters) -Mexican President Andres Manuel Lopez Obrador on Monday opened a new Mexico City airport, over three years after he rattled investors by scrapping a $13 billion hub partly built by the previous government that he cast as corrupt.
“We set off at 7 a.m. and it took two hours” to get to the airport, she said. “Because we got the maps going, and it sent us out onto dirt roads.”
(Additional reporting by Dave Graham and Diego Ore; Editing by Rosalba O’Brien and Bill Berkrot)
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2022-03-21T20:12:32Z
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Mexican president opens new airport three years after ditching alternative | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Tokyo 2020 Olympics - The Tokyo 2020 Olympics Closing Ceremony - Olympic Stadium, Tokyo, Japan - August 8, 2021. The Olympic torch and cauldron are seen with Paris 2024 displayed on the big screen during the closing ceremony REUTERS/Toby Melville
PARIS (Reuters) – Organisers of the Paris 2024 Olympics are hoping to sell a record 10 million tickets for the sporting extravaganza with an additional 3.4 million available for the Paralympic Games, the boss of the organising committee said.
“We will have 13.4 million tickets up for sale. Ten million for the Olympics and 3.4 for the Paralympics. This is a unique amount of tickets,” Paris 2024 chief Tony Estanguet said.
“The ticketing programme represents one-third of our revenue. So it’s really important for us to maximise this programme.”
Estanguet said the cheapest tickets for the Olympics would cost 24 euros ($26.53) and 15 euros for the Paralympics.
“We wanted to have a ticketing programme starting with tickets at 24 euros for all sports. It will represent over one million tickets at this price,” he said.
“This is a very strong promise. To give access to all Olympic sports. Half of the tickets will be under 50 euros.”
(Reporting by Julien Pretot; Editing by Toby Davis and Clare Fallon)
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2022-03-21T20:12:40Z
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Polish central bank’s programme to allow Ukrainians to convert cash to start on Friday
FILE PHOTO: Ukrainian hryvnia banknotes are seen in a photo illustration shot in Kiev, Ukraine, August 6, 2014. REUTERS/Konstantin Chernichkin/Illustration
WARSAW (Reuters) – Poland’s central bank signed an agreement with the National Bank of Ukraine that will allow every adult Ukrainian refugee to convert up to 10,000 hryvnias ($341.88) to Polish zloty starting from March 25, it said on Monday.
“The exchange will be possible at a rounded, official … exchange rate,” the bank said in a statement.
Last week the bank said it was cooperating with the country’s largest lender, PKO BP, to allow refugees who have fled Ukraine for Poland to convert hryvnia.
(Reporting by Anna Koper; Editing by Chris Reese)
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2022-03-21T20:12:47Z
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Polish central bank’s programme to allow Ukrainians to convert cash to start on Friday | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Erika Lorena Aifan, judge of Guatemala's high-risk court, poses for a picture at her office on the 14th floor of the towering judicial building in Guatemala City, Guatemala February 22, 2022. REUTERS/Luis Echeverria/File Photo
GUATEMALA CITY (Reuters) – One of Guatemala’s top judges, a key figure in the fight against corruption, said on Monday that she had resigned amid threats and pressure related to her work, in a blow to the stuttering fight against impunity in the Central American country.
“The resignation of the judge is a blow to those who defend the rule of law. The U.S. and the European Union should impose sanctions on those who undermined her independence,” said Juan Pappier, a Human Rights Watch researcher.
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2022-03-21T21:43:38Z
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FILE PHOTO: A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in Manhattan in New York City, New York, U.S., March 18, 2022. REUTERS/Mike Segar
(Reuters) -Apple Inc said all its services, including the App Store, Apple TV and Apple Music, have resumed following an outage that started late afternoon on Monday.
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(Reuters) – The U.S. Federal Trade Commission has sought additional data from Activision Blizzard Inc and Microsoft Corp related to the antitrust review of their deal, the games developer said in a regulatory filing on Monday.
Microsoft in January agreed to acquire the “Call of Duty” maker for $68.7 billion in the biggest gaming industry deal in history.
Microsoft will file for approval of the deal in 17 jurisdictions, the company’s president, Brad Smith, told reporters last month.
With the Activision deal, Microsoft will take on industry leaders Tencent Holdings Ltd and Sony Group Corp. Sony Interactive Entertainment recently said it would buy Bungie Inc, creator of the “Halo” videogame, in a deal valued at $3.6 billion.
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2022-03-21T23:15:08Z
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WASHINGTON (Reuters) – The Federal Communications Commission (FCC) said on Monday that it will open an auction of 2.5 GHz band licenses for 5G wireless services for bidding on July 29.
The new mid-band spectrum auction will offer approximately 8,000 new flexible-use, county-based licenses — in mostly rural parts of the country.
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2022-03-21T23:15:30Z
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U.S. will launch 2.5 GHz wireless spectrum auction bidding July 29 | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it upsized its share buyback programme to $25 billion from $15 billion, the second time in the past year.
“The upsized share buyback underscores our confidence in Alibaba’s long-term, sustainable growth potential and value creation,” said Alibaba Group’s Deputy Chief Financial Officer Toby Xu.
“Alibaba’s stock price does not fairly reflect the company’s value given our robust financial health and expansion plans,” said Xu.
The company also appointed Weijian Shan, the executive chairman of investment group PAG, as an independent director to its board, and said Borje Ekholm, the chief executive officer of Ericsson, will retire from Alibaba’s board on March 31.
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2022-03-22T02:17:43Z
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Alibaba increases share buyback to $25 billion from $15 billion | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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The rear window of a Waymo Chrysler Pacifica robotaxi is seen while parked at a Target store in Tempe, Arizona, U.S., August 31, 2021. Picture taken August 31, 2021. REUTERS/Paresh Dave
SAN FRANCISCO (Reuters) -Alphabet Inc’s Waymo unit said on Monday that it is ready to remove safety drivers from its autonomous vehicles in San Francisco, without elaborating on the timeframe for launching fully driverless services.
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2022-03-22T02:17:50Z
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Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued demolition order on, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 7, 2022. Picture taken with a drone. REUTERS/Aly Song
HONG KONG (Reuters) – China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules, as audit work has not yet been completed.
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2022-03-22T02:18:13Z
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China Evergrande, units say unable to publish annual results by March 31 | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Andy Warhol's "Shot Sage Blue Marilyn", a painting of Marilyn Monroe, is pictured on display at Christie's Auction House in advance of the piece going up for auction in the Manhattan borough of New York City, New York, U.S., March 21, 2022. REUTERS/Carlo Allegri
NEW YORK (Reuters) – A portrait of actress Marilyn Monroe by 1960s pop icon Andy Warhol will go up for auction in May with an estimated value of $200 million, which would set a record, Christie’s announced on Monday.
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2022-03-22T02:18:29Z
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Warhol painting of Marilyn Monroe expected to fetch $200 million at auction | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Prince William and Catherine, Duchess of Cambridge drink a toast to the Queen during a special reception in celebration of the Queen's Platinum Jubilee, hosted by the Governor General of Belize Froyla Tzalam, on the third day of their tour of the Caribbean, at the Mayan ruins at Cahal Pech, Belize, March 21, 2022. Jane Barlow/Pool via REUTERS
CARACOL, Belize (Reuters) -Britain’s Prince William on Monday paid tribute to Ukrainians struggling for survival in their homeland after he and wife Kate visited a British military training camp in the jungles of Belize during their week-long tour of the Caribbean.
Before the royal couple had even left Britain, a protest by a few dozen villagers at a planned Belize tour stop prompted organisers to change Sunday’s itinerary in the country which was known until 1973 as British Honduras.
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2022-03-22T03:49:10Z
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Britain’s Prince William pledges ‘solidarity’ with Ukraine on tour of Caribbean | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Russia’s payment on another bond is processed by U.S. bank -source
NEW YORK (Reuters) -Russia’s coupon payment on a sovereign bond maturing in 2029 was processed by correspondent bank JPMorgan Chase & Co, a source said on Monday, the second time in recent days the country appears to have averted default.
The country’s next test is a $102 million payment on March 28 and after that on March 31 there is a $447 million payment that must be made in dollars. Its biggest payment of the year — and its first full repayment of “principal”, of $2 billion — is due on April 4.
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2022-03-22T03:49:33Z
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Russia’s payment on another bond is processed by U.S. bank -source | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Exclusive-Chinese regulators ask some U.S.-listed firms to prepare for audit disclosures – sources
HONG KONG/BEIJING (Reuters) – Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York.
This comes as China’s regulators are considering a proposal to allow their U.S. counterparts to inspect audit working papers of some Chinese firms that do not gather sensitive data, two of the sources said.
They were asked to prepare audit documents for the 2021 financial year keeping in mind U.S. regulators’ requests for more disclosure, said the sources, who declined to be named as they were not allowed to discuss details of the meeting.
The companies should better seek Chinese regulators’ advice if they are “uncertain about anything” during the whole process the first source said, which includes auditing and communications with U.S. regulators.
The latest step by the Chinese regulators shows Beijing’s willingness to make some concessions to resolve a long-running Sino-U.S. audit stand-off that has put hundreds of billions of dollars of U.S. investments in Chinese companies at stake.
The U.S. authorities are moving towards kicking Chinese companies off American stock exchanges, if the companies’ audit records are unavailable for their inspection for three years in a row.
Describing the SEC move as “normal procedure”, CSRC said it was confident it would reach an agreement with U.S. counterparts to solve the dispute.
Chinese regulators’ deliberations with the New York-listed domestic companies on more audit disclosure were ongoing, three of the sources said.
A map on the website https://pcaobus.org/oversight/international of the Public Company Accounting Oversight Board (PCAOB), an auditor oversight body tasked to help keep publicly traded companies in the United States in check, showed China as the only jurisdiction that denied the organisation “necessary access to conduct oversight”.
Goldman Sachs estimated on March 11 that U.S. institutional investors held around $200 billion of exposure to Chinese companies’ American depositary receipts (ADRs).
In an attempt to calm investor fears, China’s Vice Premier Liu He said last week talks between Chinese and U.S. regulators on companies listed in the United States have made progress and both sides are working on specific cooperation plans.
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2022-03-22T11:26:13Z
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Exclusive-Chinese regulators ask some U.S.-listed firms to prepare for audit disclosures – sources | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Gas Flaring is seen behind homes near the Dos Bocas maritime terminal in Tabasco, Mexico, October 20, 2021. REUTERS/Edgard Garrido
MEXICO CITY (Reuters) – Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose despite government pledges to reduce such activity, research by a leading team of scientists showed.
“Flaring peaked in early 2021 but remained high enough throughout the year to beat 2020, which was already a record high,” Sparks said.
Pemex, the world’s most indebted state oil company, has been under pressure to meet ambitious oil production targets under President Andres Manuel Lopez Obrador, an energy nationalist, with little or no private investment
“Gas is a valuable commodity particularly under the current high price environment,” Medina said. “It could help strengthen Mexico’s energy security.”
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2022-03-22T11:26:21Z
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Exclusive-Mexico flared record levels of gas in 2021 -study | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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German fiscal policy to stave off stagflation – Lindner
BERLIN (Reuters) – The German government will tailor its public spending plans to avoid stagflation in Europe’s biggest economy and keep at bay the risk of sliding into a cycle of rising prices and anemic growth, Finance Minister Christian Lindner said on Tuesday.
“The goal of the federal government is to support growth in Germany and mitigate the impact of inflationary risks,” Lindner said in a speech at the Bundestag lower house.
“A development in the direction of stagflation would be a threat. People and the economy can rely on the government to apply its fiscal tools to avoid stagflation,” he added in a speech to present his 2022 budget plans.
“The American Federal Reserve has already raised its key interest rates, the European Central Bank has announced a tightening of its monetary policy. This underlines the fact that the ECB sees the risks of inflation and is preparing for them.”
“This shows that we cannot rely on the central bank to organise growth and the state to finance it permanently with low interest rates,” he said.
“We have to make self-sustaining growth possible in this country and at the same time lead the state out of debt.”
(Reporting by Joseph Nasr and Paul Carrel; Editing by Madeline Chambers)
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2022-03-22T11:26:28Z
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German fiscal policy to stave off stagflation – Lindner | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Investors say U.S. SEC climate disclosure rule to clarify ‘mixed bag’ of data
FILE PHOTO: Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility as the spread of the coronavirus disease (COVID-19) continues in this aerial photo taken over Ocotillo, California, U.S., May 29, 2020. REUTERS/Bing Guan/File Photo/File Photo
BOSTON (Reuters) – Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it would standardize reports that now are voluntary and vary widely in quality and breadth.
The investors said the U.S. Securities and Exchange Commission’s draft regulation, if finalized, would make it easier for money managers to judge how different companies and industries are handling the challenges and opportunities of a warming planet.
“Right now you have a lot of disparate information coming from different places. This should streamline how all investors, not just those focused on ESG investing, can look at the data,” said Sarah Bratton Hughes, head of ESG and sustainable investing for American Century Investments in Kansas City.
“It’s going to give us additional material to work with in terms of how management not only sees the risks of climate change, but how they are seizing the opportunity,” he said.
Gensler cited a report that found 65% of Russell 1000 companies published “sustainability reports” in 2019. But the report, by the Governance & Accountability Institute, found only around half of companies in some sectors like communications and finance published those reports, which companies organized using a range of frameworks.
“The reporting right now is all voluntary, so you have companies that don’t do any reporting, or they’re doing more communications or marketing reports than comparable, reliable investor-grade material,” said Gary Levante, senior vice president of corporate responsibility at Berkshire Bank.
“A ‘mixed bag’ is the best way to describe it,” he said.
The proposed rule was advanced by a vote of 3-1, with the dissent coming from the commission’s lone Republican Hester Peirce. The Chamber of Commerce, the largest U.S. business lobby, called the proposal too prescriptive.
“It’s a reasonable rule. Scope 3 is very difficult to measure, but for some sectors, like the food sector, it’s where their emissions lie,” said Leslie Samuelrich, president of Green Century Capital Management.
The Investment Company Institute, which represents global investors, broadly welcomed the rule but said it will “carefully study” the Scope 3 requirements.
“I’m not worried,” he said.
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2022-03-22T11:26:36Z
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Investors say U.S. SEC climate disclosure rule to clarify ‘mixed bag’ of data | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – The Kremlin said on Tuesday the International Chess Federation (FIDE) should stay out of politics and demanded it annul its decision to ban Russian grandmaster Sergey Karjakin from competition for six months over his stance on Ukraine.
The FIDE announced its decision on Monday. The 32-year-old Karjakin, who challenged Magnus Carlsen for the world title in 2016, has defended his country’s actions on social media in recent weeks, drawing intense criticism from the chess world.
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2022-03-22T11:26:44Z
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Kremlin says chess federation should stay out of politics, overturn ban | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Saudi Arabia wants to add MotoGP to the list of world championship motorsport events it already hosts, the country’s sports minister Prince Abdulaziz Bin Turki al Faisal said on Tuesday.
The prince said ticket sales for this year’s race were strong, with much greater demand from international fans.
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2022-03-22T11:26:51Z
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VARNA, Bulgaria/MOSTAR, Bosnia (Reuters) – Sports clubs in Bulgaria and Bosnia are providing refuge, training and competition for athletes escaping war in another show of global solidarity for Ukraine.
“We travelled for four days, … with long stays on the borders. It was so difficult,” said Varvara Koltsova, who arrived with her three-year-old son.
“I feel little guilty because I’m safe and they are not.”
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2022-03-22T12:57:49Z
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Fleeing Ukrainian athletes welcomed by clubs in Bosnia, Bulgaria | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Eclipse, a superyacht linked to sanctioned Russian oligarch Roman Abramovich, is docked in Marmaris, Turkey March 22, 2022. REUTERS/Yoruk Isik
ISTANBUL (Reuters) -A superyacht linked to Russian billionaire Roman Abramovich docked in the Turkish tourist resort of Marmaris on Tuesday, a port source said, a day after another of his yachts arrived in nearby Bodrum, also in the county’s southwest.
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2022-03-22T12:58:05Z
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Second superyacht linked to Russian oligarch Abramovich docks in Turkey | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) – General Motors Co said Tuesday it will recall 740,000 U.S. sport utility vehicles to address a headlight glare problems after U.S. regulators rejected its request to avoid calling them back.
Earlier this month, the National Highway Traffic Safety Administration denied GM’s 2019 petition to declare the issue inconsequential for GMC Terrain vehicles from the 2010 through 2017 model years. GM said the issue has been corrected in replacement parts and does not affect current generation vehicles. The automaker says it is still developing a fix.
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2022-03-22T14:29:03Z
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GM recalls 740,000 U.S. SUVs over headlight glare issue | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Oscar favorite “The Power of the Dog” leads the field with 12 nominations ahead of Sunday’s awards show, signaling a revival of the Western, the genre that has nurtured Hollywood since its infancy.
“It’s looking at a particular trope of the masculine and undoing it and examining it in light of the author’s circumstance and that of his family,” Cumberbatch said. “So it’s based on a truth. It’s not the truth. There is no singular truth about the Western or the Western experience or the West.”
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2022-03-22T14:29:43Z
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Westerns revived as ‘The Power of the Dog’ leads Oscar nods | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Germany’s Sunfire to provide equipment for Finland’s green hydrogen plant
HELSINKI (Reuters) – Sunfire, a German clean technology company, will provide electrolysis equipment for Finland’s first industrial-scale green hydrogen plant, its Finnish operator P2X Solutions said on Tuesday.
At P2X’s plant the hydrogen will be separated from water in a completely emission-free process by electrolysis using renewable electricity, the company said.
“Our goal is to build 1,000 MW of electrolysis capacity over the next 10 years, and the design of subsequent plants has already begun,” P2X Solutions Chief Executive Herkko Plit said in a statement.
The Harjavalta plant will reduce Finland’s CO2 emissions by about 40,000 tonnes a year, the company said. Finland’s total greenhouse gas emissions in 2020 amounted to 47.8 million tonnes of carbon dioxide equivalents, latest data from Statistics Finland shows.
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2022-03-22T16:00:27Z
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Germany’s Sunfire to provide equipment for Finland’s green hydrogen plant | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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U.N. chief says time to end Russia’s ‘absurd war’ in Ukraine
UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres on Tuesday urged an end to the “absurd war” started by Russia’s invasion of Ukraine one month ago, warning that the conflict is “going nowhere, fast” and that the Ukrainian people are “enduring a living hell.”
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2022-03-22T16:00:51Z
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U.N. chief says time to end Russia’s ‘absurd war’ in Ukraine | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Golf - The 2020 Ryder Cup - Whistling Straits, Sheboygan, Wisconsin, U.S. - September 26, 2021 Team USA's Collin Morikawa reacts as he misses a putt on the 16th hole during the Singles REUTERS/Brian Snyder
(Reuters) – Collin Morikawa may be struggling with consistency on the greens but the British Open champion, with the Masters just two weeks away, said on Tuesday he is not about to panic or overhaul his putting stroke.
“What I have to realise is like I have a couple bad weeks, I’m not going to go search for something. I’m not going to go change my grip.
“I’ve got to stick to my strengths of what I can do. Look, there are guys that have hit cuts there that have won, so it’s possible.”
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2022-03-22T17:31:47Z
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LAUSANNE (Reuters) – Executives from the world’s largest trading houses and mining companies are at the FT Commodities Global Summit this week, discussing market trends, cyber security and the impact of Russia’s Ukraine invasion.
MARCO DUNAND, CEO OF MERCURIA”How do you price forward natural gas if you don’t have a view about how things are going to react or what the EU will do on sanctions. It’s hard to price anything right now,” Dunand said.
On the longer term economic outlook, he said: “From economic perspective, Russia will be a loser … they cannot sustain a long period of sanctions. Europe won’t do particularly well either with a refugee crisis at the same time we have to pay higher commodity prices. On a relative basis, we will suffer a lot more than in the United States.
“Chinese are very uneasy with this conflict. They would rather have a strong rather than a weak Russia … The big winner is going to be the GCC (Mid-East Gulf countries). They’re going to be a power broker in this.”
“From our perspective, we’re back to normality … Banks assisted in the process.”
“The diesel market is extremely tight and we’re possibly heading to stockouts,” he said, referring to exhausted inventory.
“Europe can probably afford to pay. The problem is what happens to Africa and Latin America. We’re very concerned about the stockouts due to take place in Africa, which relies heavily on diesel for power generation.”
Tornqvist said the natural gas market was broken and that Dutch TTF wholesale gas futures – used as a European benchmark – are no longer fit to be used for the growing liquefied natural gas (LNG) market.
“The tradeability of gas has exploded over the last five years and a proper benchmark to absorb that kind of volume was shown not to be there,” he said.
“The whole thing is paralysed now. We are in the middle of a storm.”
“The shock of the Russian invasion to commodities is enormous. People have reduced activity in futures, there’s less open interest in oil markets which increases price volatility,” Hardy said.
“The longer the war goes on, the greater the chance of an economic recession.”
“If the Russian oil dislocation extends to 2-3 million barrel per day mark, it will be difficult to cope … we expect higher prices and that will crimp demand and we expect more stock releases.”
“We’re seeing some demand destruction already.”
“If you go up to 10%, it’s still considered gas. We were the first to deliver these blends to existing customers to test what happened in their factories.”
“The ceiling is about a 20% blend otherwise you have to change end-user appliances. That’s a way to create immediate demand and the opposite of what happened with solar and wind, where we had to wait 15 years for costs to fall.”
“We’ve seen in increase in cyber attacks over the years. We monitor closely. It was stable until the beginning of February when there was an attack against several oil companies in Europe and you could see another ramp up the day before the invasion of Ukraine.”
“We are definitely encountering more cyber attacks than before and we’re looking at any kind of event or pattern like someone trying to connect via remote working.”
“There is opportunity for disruption within our industry. We give them the opportunity to be impactful unlike in bigger organisations. Two thirds of our revenue is from gas, power and carbon … and they want to be part of that energy transition.”
(Reporting by Julia Payne; Editing by David Goodman)
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2022-03-22T17:31:55Z
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Top trading houses speak at commodities conference | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: British Secretary of State for International Trade Anne-Marie Trevelyan walks outside Downing Street in London, Britain February 8, 2022. REUTERS/Tom Nicholson
BALTIMORE (Reuters) – Britain’s trade minister, Anne-Marie Trevelyan, said she will meet with U.S. Commerce Secretary Gina Raimondo later on Tuesday to discuss resolving the U.S.-UK steel tariff dispute.
“We’ve been making good progress,” Trevelyan told reporters at an event in Baltimore of the steel talks. “We’ll see where we get to.”
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2022-03-22T17:32:10Z
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UK trade chief says will meet with U.S. Commerce chief on steel talks | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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STOCKHOLM (Reuters) – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.
“Volvo Cars’ expectation has been to grow its sales volumes for the full year 2022,” the company said in a statement. “The disturbance means the company now expects marginal growth in deliveries for the full year 2022, compared to 2021.”
Volvo, majority owned by China’s Geely Holding, said the problems were not related to the war in Ukraine, but that fighting there had resulted in increasing costs for raw material, energy and freight.
“Volvo Cars continue to work with pricing to mitigate the effects,” it said.
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2022-03-22T17:32:18Z
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Volvo Cars cuts 2022 sales volume forecast due to chip shortage | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Florida Governor Ron DeSantis signed a proclamation on Tuesday acknowledging Emma Weyant as the winner of a women’s college swimming event after her recent loss to a transgender athlete and accused the NCAA of destroying opportunities for women.
According to DeSantis, the NCAA is making a mockery of its championship given the organisation’s stance on transgender athletes’ participation.
“We need to stop allowing organisations like the NCAA to perpetuate frauds of the public. And that’s exactly what they are doing,” said DeSantis.
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2022-03-22T19:01:30Z
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Florida Governor declares Weyant winner over transgender athlete | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Federal Reserve officials are doing little to downplay rising market expectations the U.S. central bank will raise interest rates by half a percentage point in May to curb the surge in inflation, but they also are not dispelling fears the tightening cycle could blow a hole in the economy and labor market.
“The Fed needs to move aggressively to keep inflation under control,” St. Louis Fed President James Bullard told Bloomberg TV on Tuesday, repeating his call for the central bank to raise its benchmark overnight interest rate above 3% this year. “Faster is better,” he said.
Bullard, who dissented on the Fed’s decision last week to raise the federal funds rate by just a quarter of a percentage point from the near-zero level, has made this same point before. But his view appears to be gaining traction.
On Monday, Fed Chair Jerome Powell said the central bank must move “expeditiously” to raise rates. When asked what would prevent the central bank raising rates by half a percentage point at the May 3-4 policy meeting, he responded: “Nothing.”
Those comments prompted a flood of bets in futures markets on half-point interest rate increases in May and June. Traders now see the federal funds rate rising to the 2.25%-2.5% range by the end of the year – short of Bullard’s view but higher than the 1.9% suggested by Fed forecasts last week.
“The fixed income market squarely does not believe Powell’s economic optimism: It is telling us that a soft landing, if the Fed goes down Powell’s path, will not only be challenging – it will be impossible,” wrote Roberto Perli, an economist at Piper Sandler.
‘HAWKISH PIVOT’
It’s shaping up to be a rocky start for the Fed’s first round of rate hikes in three years, and particularly for the way its policymakers are communicating it.
Ahead of last week’s interest rate increase, Powell had said the Fed would proceed “carefully” due to high uncertainty about the impact on the U.S. economy of the Russian invasion of Ukraine.
In his news conference following the release of the Federal Open Market Committee (FOMC) policy statement and projections, Powell said the Fed must be “nimble” in responding to the evolving outlook.
And this week the Fed chief downplayed worries over the potential dent to economic growth and focused far more sharply on the likelihood the war in Ukraine could worsen U.S. inflation, which has hit a 40-year high and is about three times the central bank’s 2% target.
The changes, wrote NatWest economist Kevin Cummins, could reflect Powell’s ongoing personal “hawkish pivot” that began in late 2021.
“In the near-term, Powell’s comments are obviously not the last word as for the size of the expected rate hike in May, especially since the May FOMC meeting is not for another six weeks and Fed actions will be driven by the data,” Cummins wrote.
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2022-03-22T20:35:02Z
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FILE PHOTO: The flags of the United States and the United Kingdom stand after bi-lateral photo between U.S. Secretary of State Rex Tillerson and British Foreign Minister Boris Johnson was cancelled at the State Department in Washington, U.S. March 22, 2017. REUTERS/Joshua Roberts
WASHINGTON (Reuters) – The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with the deal said.
The deal requires the steel to be “melted and poured” in Britain and will remove Britain’s retaliatory tariffs on iconic U.S. products, including Harley-Davidson motorcycles, bourbon whiskey and Levi’s blue jeans, the sources told Reuters on condition of anonymity because the deal has not yet been made public.
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2022-03-22T20:35:17Z
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U.S. to grant Britain duty-free steel quota of over 500,000 metric tons annually | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WTO trade talks in disarray amid Ukraine tensions – sources
GENEVA (Reuters) – Western countries are refusing to engage with Russia at the World Trade Organization (WTO) in Geneva in a coordinated move that has already led to negotiations seizing up across a number of sectors, trade sources told Reuters.
Russia’s invasion of Ukraine and the ensuing economic isolation as a result of Western sanctions are the latest setback to WTO efforts to restore rules-based trade against a tide of growing protectionism.
“There are WTO members who do not want to negotiate with Russia,” said Hamid Mamdouh, an ex-WTO official and trade lawyer in Geneva. “The longer the war drags on, the more disruptive it will be to the work of the WTO.”
Washington and G7 partners have already announced they are revoking Russia’s “most favoured nation” status, under which countries agree to treat each other as equal trading partners, and are withdrawing support for the eventual accession of Belarus, Moscow’s close ally.
Russia in turn has accused the West of “a complete dismantling” of the world’s trading system.
Beneath the barbed exchanges, tensions have affected the trade watchdog’s nuts-and-bolts business.
“We refuse to engage bilaterally or in the context of smaller groups,” the source said.
“Many governments have raised objections to what is happening in Ukraine and these objections have manifested themselves in a lack of engagement with the member concerned,” WTO spokesperson Keith Rockwell said.
Well before Russia’s actions in Ukraine, the 27-year old body was already under pressure to prove its relevance.
The new date was fixed a day before Russia’s invasion.
“The cumulative effect (of the problems) could lead the WTO to a breaking point,” said Mamdouh.
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2022-03-22T20:35:26Z
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WTO trade talks in disarray amid Ukraine tensions – sources | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Cristiana Chamorro talks to the media outside the Interior Ministry, where she was notified of an investigation against her due to inconsistencies in the financial reports of the Violeta Barrios de Chamorro Foundation, in Managua, Nicaragua May 20, 2021. REUTERS/Carlos Herrera/File Photo
MANAGUA (Reuters) – A judge late on Monday sentenced former Nicaraguan presidential candidate Cristiana Chamorro to eight years of detention for money laundering and misuse of funds, in a case that government opponents argue was politically motivated.
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2022-03-22T22:35:57Z
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NEW YORK (Reuters) – Starbucks workers in a cafe in Seattle, the coffee chain’s hometown, voted 9 to 0 in favor of joining a labor union, according to a tally of ballots on Tuesday.
It is the first location in the company’s own backyard to join Workers United. Baristas at more than 150 U.S. locations have petitioned a federal labor board for union elections since August, when the union drive went public.
“For a company that depends on a strong brand and customer loyalty, where people have an option to go somewhere else very easily, reputation is critical,” said Jonas Kron, chief advocacy officer at Trillium Asset Management.
Schultz “has a long history of not wanting to see Starbucks unionized,” Kron said. “But it is worth at least giving him an opportunity to make a pivot or to do a reset.”
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2022-03-22T22:36:10Z
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FILE PHOTO: A GameStop is pictured in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo
(Reuters) – Billionaire Ryan Cohen’s investment company bought 100,000 shares of GameStop Corp, according to a regulatory filing on Tuesday, sending the videogame retailer’s shares 16% higher in extended trading.
The purchase takes Cohen’s stake in the company marginally higher to 11.9%, with the total number of share owned at 9.1 million.
Cohen, who co-founded online pet products retailer Chewy and is GameStop’s chairman, earlier this month said he now owns nearly 10% of Bed Bath & Beyond and wants the home goods retailer to explore alternatives including a full sale of the company.
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2022-03-23T00:05:20Z
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MEXICO CITY (Reuters) – Uber is working with Mexican authorities to bring service to and from the capital’s newest airport, which formally opened Monday with just a few flights and lacking key transportation to the infamously traffic-plagued megacity.
The ride-hailing giant’s Mexican unit said in a statement to Reuters that it hopes to offer service “in the near future” to the Felipe Angeles International Airport, approximately 45 km (28 miles) north of Mexico City’s long-standing international hub.
The airport is the first of Mexican President Andres Manuel Lopez Obrador’s signature infrastructure projects to be completed, three years after he scrapped a $13-billion, partially built airport that he argued was riddled with the previous administration’s corruption.
Lopez Obrador set off for the airport’s inauguration around 5 a.m. Monday, local outlets reported, after saying he would arrive from the city’s densely packed downtown in just 40 minutes.
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2022-03-23T00:05:28Z
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British International Trade Secretary Anne-Marie Trevelyan walks outside Downing Street in London, Britain March 8, 2022. REUTERS/Peter Nicholls/Files
BALTIMORE/WASHINGTON (Reuters) -The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from U.S. motorcycles, whiskey and other products.
Under the deal, Britain will receive a duty-free import quota of over 500,000 tonnes of steel “melted and poured” in the country annually. It also sets smelt and cast requirements on aluminum.
The agreement requires any U.K. steel company owned by a Chinese entity to audit their financial records to assess influence from the People’s Republic of China government, and then share them with the United States, the statement said. The requirement will initially apply to British Steel, acquired by China’s Jingye Group, in 2020.
Britain is a relatively small supplier of steel to the United States. Its 500,000-tonne quota for finished steel exceeds average UK shipments to the United States in 2018 and 2019 and is considerably smaller than the EU quota of about 4 million tons and Japan’s quota of 1.25 million tons.
(Reporting by Andrea Shalal in Baltimore, David Lawder and David Shepardson in Washington and Elizabeth Piper in London; writing by David Lawder and Andrea Shalal; editing by Alexander Smith, Jonathan Oatis, David Gregorio and Aurora Ellis)
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2022-03-23T00:05:35Z
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HONG KONG (Reuters) – Cash-strapped Chinese developer Kaisa Group said a lockdown in Shenzhen had meant audit work has not been completed and it would not be able to publish its financial results by March 31, sending its shares tumbling.
Due to the delay, its shares will be suspended from trade from April 1 as required by the Hong Kong Stock Exchange’s listing rules, it said in a filing late on Tuesday.
Kaisa, the second-largest dollar bond issuer among China’s property developers after China Evergrande Group, is restructuring its $12 billion offshore debt after defaulting on some bonds last year.
In the filing, the firm said it has been working with its legal and financial advisors in the past few months to formulate a solution “for the benefit of all stakeholders” and ease its current liquidity issues.
It has also entered into “constructive dialogue” with its creditors, it added.
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2022-03-23T03:12:14Z
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China developer Kaisa says earnings results delayed due to lockdown, shares slide | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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U.S. judge rules in favor of China’s ZTE, ending probation
(Reuters) -A U.S. judge on Tuesday ruled that China’s ZTE Corp, a top telecommunications equipment maker, should be allowed to end its five-year probation from a 2017 guilty plea.
The ruling came on the final day of the company’s probation for illegally shipping U.S. technology to Iran and North Korea.
Trading in ZTE shares was suspended before markets opened in Shenzhen and Hong Kong on request from the company pending an announcement, after the decision by U.S. District Judge Ed Kinkeade in Texas. The company’s shares declined earlier this month after word of a possible probation violation surfaced.
While ZTE has not been charged in the visa case, which is pending in Atlanta, Georgia, Kinkeade held a hearing in Dallas last week on the fraud allegation as a possible violation of ZTE’s probation.
The judge took action in 2018 over the false statements too, extending ZTE’s probation and court-appointed monitor from three to five years.
He said he considered ZTE’s compliance a mitigating factor, but that its record of compliance could be summarized in one word: “sometimes.”
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2022-03-23T03:13:01Z
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(Reuters) – Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for sharper interest rate hikes to combat inflation weighed on market sentiment.
Spot gold may fall into a range of $1,891-$1,903 per ounce, as the downtrend from the March 8 high of $2,069.89 seems to have continued, according to Reuters’ technical analyst Wang Tao. [TECH/C]
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2022-03-23T04:43:26Z
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Gold steady as Ukraine worries counter bets on Fed rate hikes | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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TOKYO (Reuters) – Japan lifted a power-supply warning for Tokyo and surrounding areas on Wednesday as supply stabilised, a day after the government had warned of possible blackouts in the aftermath of an earthquake last week.
“We weren’t achieving the (energy-saving) targets between 08:00 to 15:00 and we felt the situation was risky. That was why we asked for help from the trade ministry and asked for the minister to call on further energy-saving measures,” a Tepco official said on Wednesday.
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2022-03-23T04:43:34Z
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Japan lifts power-supply warning for Tokyo and surrounding areas | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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NEW YORK (Reuters) – Risk appetite has rebounded on Wall Street after a brutal start to the year, but some strategists warn the lull in volatility may be brief and urge investors to guard against more stock market gyrations.
The Cboe Volatility Index – an options-based measure of expected 30-day volatility for U.S. stocks that some call Wall Street’s fear gauge – fell to a five-week low of 22.81 on Tuesday, just two weeks after closing at a one-year high.
The move has coincided with a rally in the S&P 500 index, which has halved its year-to-date losses, fueled in part by the Fed’s assurances that the U.S. economy is strong enough to withstand more aggressive monetary policy tightening as the central bank fights to tamp down surging inflation. The index is still down about 5% for the year after confirming a correction last month.
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2022-03-23T06:14:02Z
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Analysis-Options mavens see stock rebound as chance to pick up downside protection | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Costa Rica’s Chaves leads polls ahead of tight run-off election
FILE PHOTO: Rodrigo Chaves, presidential candidate of the Social Democratic Progress Party (PPSD), speaks to the media during a news conference after he advanced to the second electoral round, in San Jose, Costa Rica, February 7, 2022. REUTERS/Mayela Lopez/File Photo
SAN JOSE (Reuters) – Rodrigo Chaves, the finance minister in Costa Rica’s outgoing government, was in pole position to win a run-off for the presidency in less than two weeks time, a voter survey showed on Tuesday, though the race remained too tight to call.
The winner of the April 3 run-off will replace Carlos Alvarado Quesada, with the transfer of power set for May 8. Costa Rica’s constitution bars presidents from holding two consecutive terms.
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2022-03-23T06:14:09Z
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Costa Rica’s Chaves leads polls ahead of tight run-off election | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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HONG KONG (Reuters) – Hong Kong is looking to amend its coronavirus travel restrictions that have largely sealed off the international business and tourism hub for two years to the growing anger of residents and businesses, the city leader said on Wednesday.
The city’s flagship carrier, Cathay Pacific, said on Tuesday it would only operate one flight every two weeks from popular destinations including the United States and Britain because of the rule, compounding a feeling of isolation that many frustrated residents feel.
A ban on flights from nine countries – Canada, India, Pakistan, Nepal, Britain, the United States, France, Australia and the Philippines, would be lifted on April 1 but it is not clear if airlines will face the two-week ban if they bring in infected people.
Hong Kong’s “dynamic zero” coronavirus strategy, which aims to stamp out outbreaks as they occur with contact tracing, testing and isolation, largely protected it from the virus for until the beginning of this year.
Since the pandemic began in 2020, Hong Kong has recorded more than 1 million infections and more than 6,300 deaths – most of them in the past month.
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2022-03-23T06:14:22Z
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Hong Kong hopes to ‘resolve’ coronavirus flight-ban rule as frustration grows | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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JAKARTA (Reuters) – Russian President Vladimir Putin intends to attend a G20 summit being hosted by Indonesia later this year, Russia’s ambassador in Jakarta said on Wednesday, following calls by some members for the country to be barred from the group.
“Not only G20, many organisations are trying to expel Russia….the reaction of the West is absolutely disproportional,” ambassador Lyudmila Vorobyova told a news conference on Wednesday.
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2022-03-23T06:14:46Z
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Russia’s ambassador in Indonesia says Putin plans to attend G20 summit | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Oasis also voted against the Japanese industrial conglomerate’s plan to break itself up, said the source, who was not authorised to speak to media and declined to be identified.
Singapore-based 3D Investment Partners, Toshiba’s second-largest shareholder, submitted the proposal – a motion that also has the support of its top shareholder Effissimo Capital Management and No. 3 shareholder Farallon Capital Management.
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2022-03-23T07:47:24Z
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Exclusive-Activist fund Oasis backs call for Toshiba to solicit buyout offers -source | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A slide is seen near a damaged building after a military strike, as Russia's invasion of Ukraine continues, in Mykolaiv, Ukraine, March 21, 2022. REUTERS/Nacho Doce/File Photo
LVIV (Reuters) – The war in Ukraine has killed 121 children so far, the office of the prosecutor general said on Wednesday in a message on the Telegram app, adding that the number of wounded children stood at 167.
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2022-03-23T07:47:52Z
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Ukraine prosecutor’s office says 121 children killed in war | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: The logo of ING bank is pictured at the entrance of the group's main office in Brussels, Belgium September 5, 2017. REUTERS/Francois Lenoir
LONDON (Reuters) – ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.
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2022-03-23T09:18:45Z
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FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song
BARCELONA (Reuters) – Volkswagen’s planned battery cell plant in Spain will be located in Sagunto, on the outskirts of Valencia, and will have around 3,000 employees and a production of 40 gigawatt hours (GWh) a year, the carmaker said on Wednesday.
The German group has embarked in an ambitious plan to build six large battery factories across Europe with partners by the end of the decade as it aims to become the world’s leaders in electric vehicles (EV).
(Reporting by Joan Faus, editing by Inti Landauro)
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2022-03-23T09:19:39Z
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CHICAGO(Reuters) – Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages.
The decree said the nation’s planted areas have fallen 0.2% since August due to rising fertilizer prices, and that the volume of grain Peru imports for animal feed has likewise declined over cost concerns. The government is now drafting a plan to increase the country’s food supply. DOUBLE WHAMMY Global fertilizer prices were already high prior to Russia’s Feb. 24 invasion of its neighbor, as record natural gas and coal prices forced some fertilizer makers to cut output in that energy-hungry sector. Ukraine’s cities have been besieged by missiles, tanks and troops in what Moscow has dubbed a “special operation” to demilitarize the country. Russia denies targeting civilians in the conflict.
“If we don’t resolve the problem of fertilizer, and trade of fertilizers doesn’t continue, then we’ll have a very serious problem of [food] supply next year,” Torero told Reuters. BRAZIL AT RISK Brazil, the world’s biggest soybean exporter, relies heavily on imported fertilizers such as potash, which accounted for 38% of the crop nutrients it used last year. Russia and Belarus were the source of half of those shipments.
It’s the same in rural Kenya. Farmer Mary Kamau said she, too, has slashed purchases of commercial fertilizer and is using manure to nourish the coffee and avocados she grows on 12 acres in Murang’a County. She worries about the consequences for her family. “If I don’t get a good harvest, I don’t get good prices. And that will affect me for the next two years – it’s not just this season,” Kamau said.
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2022-03-23T12:20:30Z
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As sanctions bite Russia, fertilizer shortage imperils world food supply | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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WASHINGTON (Reuters) – U.S. President Joe Biden has few appealing policy options to get record high U.S. gasoline prices under control ahead of the critical summer driving season, when millions of Americans fill their tanks and hit the road for vacations.
“The President and our national security team and our economic team are working overtime right now to evaluate and examine a range of domestic options,” White House spokeswoman Jen Psaki said on Tuesday.
Privately, officials say all the options are politically complicated and none of them may actually lower gas prices much, according to two sources familiar with the administration’s thinking.
U.S. pump prices reached all-time highs last week following Russia’s invasion of Ukraine, threatening to upend the economy. While fuel prices are soaring around the world, Republicans in the U.S. Congress have blamed Biden’s energy policies. Many think it can boost their chances during midterm elections in November.
Biden “is faced with an angry electorate who sees the price of the pump more frequently than the suffering of the Ukrainians,” said Ed Hirs, an energy economist at the University of Houston.
Most states impose a higher gas tax such as Pennsylvania’s 57.6-cent-a-gallon, the highest in the nation and California’s 53.3 cents per-gallon. Several states, such as Florida and Maryland, are moving to suspend their gas taxes.
“We are telling them that it will not have a large impact on gasoline prices. … to lower gas prices, it starts with lowering oil prices,” said a top official at a U.S. refiner.
Asked about E15 gasoline, Psaki responded only that it was “in the menu of options.”
“There is no way the White House does this,” said one refining source. “There’s a history of lifting this during supply concerns, that’s not the problem.”
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2022-03-23T12:20:32Z
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FILE PHOTO: Microphones are seen on a table before the start of a news conference in Sochi, Russia, July 2, 2018. REUTERS/Hannah McKay/File Photo
(Reuters) – The Kremlin said on Wednesday that it was vital to apply a new law which could see journalists jailed for up to 15 years for deliberately spreading false information, after investigators opened a criminal case against a prominent reporter.
But when asked about Nevzorov’s case, Peskov said the new law had to be applied because of what he described as an acute information war being waged against Russia.
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2022-03-23T12:20:51Z
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Kremlin defends new media law after investigators probe journalist over Ukraine conflict | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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BRUSSELS (Reuters) – NATO nations’ leaders will agree at a summit on Thursday to agree on bolstering forces on the alliance’s eastern flank, with the deployment of four new battle groups in Bulgaria, Hungary, Romania, Slovakia, NATO’s secretary-general said.
“I expect leaders will agree to strengthen NATO’s posture in all domains, with major increases in the eastern part of the alliance on land, in the air and at sea,” Jens Stoltenberg told a news conference ahead of the summit in Brussels on the Russian invasion of Ukraine.
He said that with the new battle groups and existing forces in the Baltic countries and Poland, NATO would have eight multinational groups along the alliance’s eastern flank.
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2022-03-23T13:51:56Z
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NATO to agree at summit on ‘major increases’ of forces on eastern flank | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Wall Street bonus jumps 20% in 2021 – NY state comptroller
(Reuters) – The average bonus paid to employees in New York City’s securities industry in 2021 jumped by 20% to $257,500, a top New York state financial regulator said on Wednesday.
“Wall Street’s soaring profits continued to beat expectations in 2021 and drove record bonuses,” New York State Comptroller Thomas DiNapoli said in a statement.
“But recent events are likely to drive near-term profitability and bonuses lower,” he added, citing sluggish recovery in other sectors and Russia’s invasion of Ukraine.
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2022-03-23T13:52:11Z
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Wall Street bonus jumps 20% in 2021 – NY state comptroller | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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NEW DELHI (Reuters) – India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges seeking to tap into the country’s tech boom.
Even before Paytm’s rout, U.S. venture capitalists such as Tiger Global and Sequoia Capital had lobbied Prime Minister Narendra Modi to allow Indian firms to list abroad to achieve better valuations, Reuters has reported.
Two industry sources briefed by government officials also said they had been told the plan was on hold, which also marks a setback for exchanges in New York and London, which had been vying for a slice of India’s rapidly growing start-up economy.
A source with direct knowledge told Reuters on Wednesday that representatives of Swadeshi Jagran Manch lobbied India’s Finance Minister in a closed-door meeting in January to not proceed with the policy announcement.
“Some (investor) funds may want Indian companies to register outside the country,” the executive said, adding that such a move could allow them to list overseas more easily.
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2022-03-23T15:23:26Z
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LONDON (Reuters) -Anatoly Chubais, the architect of Russia’s post-Soviet economic reforms, has quit his post as a Kremlin special envoy and left the country due to the war in Ukraine, two sources told Reuters, the highest profile protest by a Russian figure against the invasion.
Chubais, who once served as former President Boris Yeltsin’s chief of staff, left his post as Vladimir Putin’s special representative for ties with international organisations, one of the sources familiar with the matter told Reuters.
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2022-03-23T15:23:42Z
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Russia’s Chubais resigns as Putin’s special representative due to war – sources | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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MADRID (Reuters) – When Russian bombs began falling on Kharkiv, Anna Kharazii knew she had to get out. After a harrowing voyage across Europe with her young daughter, mother and mother-in-law, the family is building a new life in Spain.
“We came here with nothing, just hand luggage, and they have given us everything,” Kharazii, 37, told Reuters at Madrid’s Isabel Zendal hospital, converted into an administrative centre for Ukrainian refugees.
“You have to switch off the light so that they do not drop the bomb on us,” three-year old Kira said in a cellphone video filmed just before their escape, dressed in a rainbow-coloured tutu and head torch and clutching a stuffed pink unicorn.
“We had just bought it and were planning to rent it and we said ‘That’s it, the four of them are coming here!'” Angoitia said, explaining that friends and neighbours helped furnish the house with beds, a television and a microwave.
“All of it was a lie.”
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2022-03-23T15:23:58Z
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Three generations of women flee war in Ukraine for Spain | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Indonesia’s annual holiday exodus to go ahead this year as COVID cases ease
FILE PHOTO: People wearing protective masks enjoy a pedestrian bridge during the dusk amid of the coronavirus disease (COVID-19) pandemic in Jakarta, Indonesia, March 15, 2022. REUTERS/Willy Kurniawan/File Photo
JAKARTA (Reuters) – Indonesia will lift a ban on domestic travel during the Muslim holiday season of Eid al-Fitr in early May, President Joko Widodo said on Wednesday, after banning the annual tradition for two years during the pandemic.
The decision to allow the annual exodus after the holy month of Ramadan is the latest in a series of measures aimed at easing COVID-19 restrictions and reviving Southeast Asia’s largest economy.
Indonesia, a country of 270 million, banned the mass travel known locally as ‘mudik’ in early 2020 as it scrambled to contain the spread of coronavirus along with the rest of the world.
“The improving COVID situation has brought optimism as the Ramadan holy month is upon us,” the president, commonly known as Jokowi, told a news conference.
“People who want to go on ‘mudik’ are now allowed.”
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2022-03-23T16:54:26Z
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Indonesia’s annual holiday exodus to go ahead this year as COVID cases ease | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/
HOUSTON (Reuters) -U.S. oil producer Occidental Petroleum on Wednesday outlined plans to advance its energy transition business, including spending between $800 million and $1 billion on a facility to remove carbon dioxide (CO2) from the air.
The proposed facility, the world’s largest direct air capture (DAC) project, is set to begin construction in the second half of this year in the U.S. Permian basin, with a start in 2024.
This year’s investments in the company’s low carbon business is set at $275 million. The company expects to generate more money to investors with the decarbonization business than with its current chemical operations, Hollub said.
“There’s just not going to be enough other alternatives for CO2 offsets,” Hollub said. “So this is a sure opportunity”.
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2022-03-23T16:54:42Z
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Occidental plans up to $1 billion for facility to capture carbon from air | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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LONDON (Reuters) – Dark Western “The Power of the Dog” is expected to seal its winning streak at Sunday’s Academy Awards but “CODA”, a coming-of-age story about the only hearing member of a deaf family, is closing in for the best film prize, according to bookmakers.
Will Smith is favourite to win best actor for playing the father of tennis champions Venus and Serena Williams in “King Richard”.
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2022-03-23T16:54:58Z
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‘The Power of the Dog’ or ‘CODA’? The bets are on ahead of Oscars | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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ECB’s Visco says no need for restrictive policy in Europe
FILE PHOTO: European Central Bank Governing Council member Ignazio Visco gestures as he speaks during an interview with Reuters, in Rome, Italy, May 31, 2021. REUTERS/Guglielmo Mangiapane
MILAN (Reuters) – The European Central Bank can keep its accommodative policy stance if euro zone governments act to offset higher prices, including by supporting households in order to avoid wage increases, a top policymaker said.
ECB Governing Council member Ignazio Visco told Bloomberg’s Italy Capital Markets Forum on Wednesday that there was no sign in Europe of “second round” price effects which are linked to wage increases or inflation expectations becoming unchained.
The situation is very different from the United States where households’ disposable income has gone sharply up and “monetary policy can only be restrictive.”
“There is no demand shock in Europe, there is a supply shock,” Visco said. “Inflation expectations are well anchored at around 2%,” he added.
The ECB on its part had to avoid “surprising (markets) too much” and “talking too much”, adding he was already making an exception to that rule.
“The world we need to move into is a world without negative real interest rates,” he said.
“We don’t know what the new normality will be … we have to be careful, we have to remain open,” Visco said.
“If there are second-round effects then it’s the central bank’s responsibility to stop those,” he added.
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2022-03-23T18:25:46Z
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ECB’s Visco says no need for restrictive policy in Europe | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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KINGSTON (Reuters) – Jamaican Prime Minister Andrew Holness on Wednesday told Britain’s Prince William and his wife Kate that his country wants to be “independent” and to address “unresolved” issues, a day after protesters called on the United Kingdom to pay reparations for slavery.
Jamaica’s government last year said it will ask Britain for compensation for forcibly transporting an estimated 600,000 Africans to work on sugar cane and banana plantations that created fortunes for British slave holders.
(Reporting by Kate Chappell in Kingston and Brian Ellsworth in Miami; Editing by Bill Berkrot)
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2022-03-23T18:26:01Z
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Jamaica PM tells British royals island nation wants to be independent | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo
(Reuters) – St. Louis Federal Reserve Bank President James Bullard on Wednesday said U.S. policymakers need to think “bigger” and act “faster” on raising interest rates, given that inflation is “way over” where it ought to be.
Accelerating inflation over the last several months “has necessitated, I think, all of us to think more about how fast they’re going to have to go in order to keep inflation under control,” Bullard told the Mid-Size Bank Coalition of America, referring to his fellow Fed policymakers. He said he expects inflation to rise further this spring, but could be brought under control by next year.
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2022-03-23T19:57:10Z
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Bullard: High inflation means Fed must think bigger, faster | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: Russian and U.S. state flags fly near a factory of Ford Sollers, a joint venture of U.S. carmaker Ford with Russian partners, in Vsevolozhsk, Leningrad Region, Russia March 27, 2019. REUTERS/Anton Vaganov
(Reuters) -Russia told the United States on Wednesday it would throw out an unspecified number of American diplomats in response to a U.S. move to expel Russian staff from the permanent U.N. mission, Interfax news agency said.
Existing restrictions on the number of U.S. diplomats allowed to work in Moscow mean “there is not much to give in terms of our ability to continue with a functioning embassy … (if) there are further personnel limits”, he said.
(Reporting by David Ljunggren and Rami AyyubEditing by Gareth Jones)
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2022-03-23T19:57:38Z
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Russia to expel a number of U.S. diplomats in tit-for-tat move -Interfax | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Naomi Osaka was cheered on to a 6-3 6-4 first-round win over Australia’s Astra Sharma at the Miami Open on Wednesday, still stung by the heckling she received in a second round loss at Indian Wells.
A four-times Grand Slam champion, the Japanese former world number one has seen her ranking fall to 77 coming into the tournament after she took a break from tennis following last year’s U.S. Open to prioritise her mental health.
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2022-03-23T21:29:13Z
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SAN FRANCISCO (Reuters) – Japan’s Toyota Motor and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two safety operators and no passenger on board, Aurora said on Tuesday.
Toyota’s Sienna minivans, retrofitted with Aurora’s self-driving system, will be tested on highways and suburban streets in the Dallas-Fort-Worth area, with the operation including trips enroute to an airport.
“The route showcases Aurora’s ability to safely operate at highway speeds, a key technical differentiator that allows it to prioritize popular and lucrative rides,” the U.S. company said in a statement.
Aurora’s rival Waymo charges passengers of its driverless minivans for rides in limited suburban areas in Phoenix, and airport pickups are not available https://www.reuters.com/article/alphabet-waymo-idCNL1N2R80CD.
Aurora, led by Chris Urmson, a former head of Google’s self-driving car project that has since become Waymo, said it plans to continue adding vehicles to the fleet in preparation for commercial launch on ride-hailing networks such as Uber.
Aurora bought Uber’s autonomous vehicle unit ATG https://www.reuters.com/article/us-uber-atg-idUKKBN28H2RXin 2020 while the ride-hailing giant had acquired a 26% ownership interest in Aurora.
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2022-03-23T21:29:14Z
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Toyota, Aurora test-drive autonomous ride-hailing fleet in Texas | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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FILE PHOTO: A model of Boeing 737 Max airliner is seen displayed at the China International Aviation and Aerospace Exhibition, or Airshow China, in Zhuhai, Guangdong province, China September 28, 2021. REUTERS/Aly Song/File Photo
(Reuters) -A jury in Texas on Wednesday found a former chief technical pilot for Boeing accused of deceiving federal regulators evaluating the company’s 737 MAX jet not guilty, court records showed.
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2022-03-24T00:31:50Z
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U.S. jury finds former Boeing 737 MAX pilot not guilty in fraud case | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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(Reuters) – Australia and New Zealand Banking Group said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint a digital asset linked to the country’s currency.
ANZ said it has delivered the Australian dollar stablecoin, which it calls A$DC, to a private wealth management firm for digital assets – Victor Smorgon Group – through digital asset investment platform Zerocap.
The company’s move to mint digital assets linked to the Australian dollar comes after the Reserve Bank of Australia (RBA) said last year the growth of digital wallets could allow the exchange of tokens or digital forms of money that could be backed by the RBA, even as the central bank remains sceptical of the digital currency.
ANZ, the country’s number three lender, said it has minted 30 million of A$DC using a smart contract and the coins were transferred between the parties and later redeemed back into Fiat currency.
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2022-03-24T02:02:46Z
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ANZ becomes first Australian bank to mint stablecoin | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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Brazil’s attorney general asks for inquiry into education minister’s funding decisions
FILE PHOTO: Brazil's President Jair Bolsonaro speaks with Milton Ribeiro during a signing ceremony to authorise a salary increase for teachers, at the Planalto Palace in Brasilia, Brazil February 4, 2022. REUTERS/Adriano Machado/File Photo
BRASILIA, Mar 23 (Reuters) – Brazil’s attorney general on Wednesday asked the Supreme Court to investigate funding decisions made by the country’s education minister – a move which comes after media reports that some projects negotiated by two pastors were given priority.
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2022-03-24T03:34:08Z
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Brazil’s attorney general asks for inquiry into education minister’s funding decisions | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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SYDNEY (Reuters) – A powerful government-ordered inquiry has found Australian casino operator Crown Resorts Ltd unfit for a gambling licence in the state of Western Australia, the state’s racing and gaming minister said on Thursday.
“The royal commission found that the Crown entities are presently not suitable to continue to hold a gaming licence for the Perth Casino,” Western Australia gaming minister Tony Buti told reporters.
A similar finding in New South Wales, Australia’s most populous state, resulted in Crown having its licence suspended just before it opened a A$2.2 billion ($1.65 billion) resort on the Sydney waterfront in December 2020. It remains suspended.
Crown in a statement on Thursday acknowledged the Western Australian inquiry’s recommendations and said it would “work cooperatively and constructively with the Western Australian government” to satisfy them.
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2022-03-24T03:34:15Z
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Crown Resorts found unfit for Western Australia gambling licence | One America News Network One America News Network - Breaking News Updates | Latest News Headlines | Photos and News Videos
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