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Supertanker freight rates up sharply as US-China trade war envelops ports

By Jeslyn Lerh and Florence Tan SINGAPORE (Reuters) -Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and concerns about the fallout from U.S. sanctions on a major Chinese crude ...
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Pakistan and IMF reach preliminary deal to release $1.2 billion from bailout package

ISLAMABAD (AP) — Pakistan and the International Monetary Fund have reached a staff-level agreement for the release of $1.2 billion from the bailout package approved last year. The $7 billion bailout approved by the IMF in July 2024 aimed to ...
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UN agency says 13.7 million people face severe hunger due to global aid cuts

ROME (Reuters) -Almost 14 million people in Afghanistan, Democratic Republic of Congo, Haiti, Somalia, South Sudan and Sudan risk severe hunger due to cuts in global humanitarian aid, the United Nations World Food Programme (WFP) warned on Wednesday. The WFP’s ...
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German biotech firm Tubulis raises $358 million to develop targeted cancer treatments

By Bhanvi Satija LONDON (Reuters) -German biotech firm Tubulis said on Wednesday it had raised 308 million euros ($358 million) in its biggest financing round to date, contributing to a total of 495 million euros earmarked for advancing its research ...
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Honeywell sees aerospace supply chain improvements in electronics for planes

(Reuters) -The production of electronics for aviation is a bright spot in the aerospace supply chain, whereas manufacturing of some parts still remains challenging, a senior executive at supplier Honeywell told Reuters. While accessing some products like castings and forgings ...
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Musk’s legal fight over $56 billion payday from Tesla enters final stage

By Tom Hals DOVER, Delaware (Reuters) -Elon Musk’s lawyers will urge the Delaware Supreme Court on Wednesday to restore his $56 billion pay package from Tesla, as one of the biggest corporate legal battles enters its final stage nearly two ...
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Walking is good for you. Walking backward can add to the benefits

Here’s a simple way to switch up your walking routine: try walking backward. Taking a brisk walk is an exercise rich in simplicity, and it can have impressive mental and physical benefits: stronger bones and muscles, cardiovascular fitness and stress ...
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US Supreme Court to hear case that takes aim at Voting Rights Act

By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court is slated on Wednesday to hear arguments in a dispute over the composition of Louisiana electoral districts in a case that could imperil a key section of the ...
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UN’s World Food Program warns donor cuts are pushing millions more into hunger

GENEVA (AP) — The United Nations’ food aid agency said Wednesday that severe funding cuts from its top donors are hurting its operations in six countries and warned that nearly 14 million people could be forced into emergency levels ...
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Inside Novo Nordisk’s ‘Club 5,000’ as Danish staff cuts gain pace

By Maggie Fick, Soren Jeppesen and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Romel Amineh is one of a fast-growing group of Novo Nordisk workers in Denmark laid off as the drugmaker battles to cut costs and revive its fortunes in a ...
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UK watchdog proposes sweeping reforms of veterinary services market

(Reuters) -Britain’s competition regulator on Wednesday proposed sweeping reforms to the country’s veterinary services market after a probe found that pet owners often lack clear price information and could save hundreds of pounds on medicines. The current regulatory system was ...
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LVMH shares soar as glimmers from China brighten luxury gloom

LONDON (Reuters) -LMVH shares traded nearly 8% higher on the Tradegate platform on Wednesday, a day after the luxury group reported better-than-expected sales in the third quarter, driven by improved demand in China. The world’s largest luxury group’s shares were ...
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