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Solar cold storage helps African farmers cut losses and reach global markets

NAIROBI, Kenya (AP) - Kenyan farmer Yvonne Anyonyi Mumiah walks in the early morning between rows of rosemary, basil and other crops destined for European supermarkets. She once worried that transport delays or extreme heat could spoil much of her harvest, but now relies ...
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Iran war is a ‘wake-up call’ for Southeast Asia’s energy sector, report says

BANGKOK (AP) - The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on ...
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GM in talks to supply weapons parts to Lockheed Martin, WSJ reports

June 15 (Reuters) - General Motors is in talks with Lockheed Martin about making parts for the defense contractor's weapons, the Wall Street Journal reported on Monday, citing sources. Reuters could not immediately verify the report. (Reporting by Mrinmay Dey in Mexico City; Editing by ...
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Global EV registrations rise 3% globally in May, BMI data shows

By Mathias de Rozario June 16 (Reuters) - Global demand for electric vehicles rose for a third straight month in May, as subsidies and high petrol prices continued to drive the transition away from combustion-engine cars, data from consultancy Benchmark Mineral Intelligence showed on Wednesday. ...
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Oil prices fall to lowest level since March after US announces Iran deal

(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.West Texas Intermediate futures price, the benchmark index for U.S. trading, registered at about $80.40. That figure, which amounted ...
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Target taps designer Isaac Mizrahi for new role as creative director at large

NEW YORK (AP) - Target is tapping designer and TV personality Isaac Mizrahi for a newly created role as creative director at large as the discounter aims to reclaim its reputation for stylish clothing on a budget. In Mizrahi's new role, the fashion designer, who ...
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IMF chief says no global slowdown in sight yet, but risks are high

WASHINGTON, June 15 (Reuters) - The world economy is so far weathering the shock of the war in the Middle East despite a surge in commodity prices, higher inflation and strains in financial conditions, with no signs yet of a global slowdown, IMF chief ...
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Analysis-Why an Iran peace deal won’t pull the yen back from the brink

By Tom Westbrook and Junko Fujita TOKYO, June 15 (Reuters) - War in the Middle East pushed the yen to the brink of multi-decade lows and prompted the government to prop it up - a peace deal, however, won't pull it back from the precipice. Stocks ...
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Scandal-hit KPMG Australia will not bid for new federal work until end-September

SYDNEY, June 15 (Reuters) - KPMG Australia has agreed it will not bid for any new federal government work for three months, the Department of Finance said on Monday, following whistleblower allegations the accounting firm misused confidential client information. A department spokesperson said KPMG will ...
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Australia’s richest person Rinehart takes $1 billion stake in SpaceX IPO, WSJ reports

MELBOURNE, June 15 (Reuters) - Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX IPO, the Wall Street Journal reported on Monday, citing a person familiar with the matter. Rinehart's company Hancock ...
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Analysis-China bonds emerge as surprise haven as Iran war reshapes portfolios

By Li Gu, Casey Hall and Jiaxing Li SHANGHAI/HONG KONG, June 15 (Reuters) - Global asset managers have been adding Chinese government bonds to their portfolios since the Iran war broke out, drawn not by yield but by their near-zero correlation with Western markets. Amid a ...
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Wall St. futures advance over 1% as markets cheer Iran deal

June 15 (Reuters) - Futures tracking Wall Street's main indexes jumped more than 1% each on Monday as investors cheered a preliminary pact struck between the U.S. and Iran to end the more than three-month conflict and reopen the strategic Strait of Hormuz. The framework ...
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