By Mohammad Yunus Yawar KABUL (Reuters) – Monesa Mubarez is not going to give up the rights she and other Afghan women won during 20 years of Western-backed rule easily. Before the hardline Islamist Taliban movement swept back to power a year ago, the …
Volkswagen Mexico workers reject union’s 9% raise deal, as inflation climbs
By Daina Beth Solomon MEXICO CITY (Reuters) – Workers at Volkswagen AG’s main Mexico factory have rejected their own union’s deal with management for a 9% pay raise, setting the stage for further talks just as inflation hits a 22-year high. Volkswagen …
Biden signs bill to boost U.S. chips, compete with China
By David Shepardson and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more comp…
Ukraine halted oil flows to Europe over payment issue, Russia’s Transneft says
MOSCOW (Reuters) -Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. In…
France expects wine production rebound but drought threatens
PARIS (Reuters) – Wine production in France is expected to rebound this year from frost-hit output in 2021, although deepening drought may curb volumes, the country’s farm ministry said on Tuesday. Wine production is expected to rise by 13-21% to betwe…
Taiwanese foreign minister says China drills part of a game-plan for invasion
By Sarah Wu and Yimou Lee TAIPEI (Reuters) – Taiwan’s foreign minister said on Tuesday that China was using the military drills it launched in protest against U.S. House Speaker Nancy Pelosi’s visit as a game-plan to prepare for an invasion of the self…
Italy’s Generali, UnipolSai to appeal misconduct fine
MILAN (Reuters) -Italian insurers Generali and UnipolSai said on Tuesday they would appeal against the competition regulator’s decision to fine them 5 million euros ($5.1 million) each for unfair commercial practices. Italy’s AGCM watchdog said earlier…
Five injured as blasts rock Russian air base in annexed Crimea
MOSCOW (Reuters) – Blasts rocked a Russian air base near seaside resorts in the annexed Crimean peninsula on Thursday, injuring five people according to local authorities in what Moscow attributed to detonations in ammunition stories. Local witnesses t…
Tesla discloses lobbying effort to set up factory in Canada
(Reuters) – Tesla Inc is lobbying the Ontario government as part of an effort to set up an “advanced manufacturing facility” in Canada, a filing by the electric-vehicle maker to the province’s Office of the Integrity Commissioner showed. The company’s …
Dreaded ‘down rounds’ shave billions off startup valuations
By Manya Saini (Reuters) – Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valu…