MUMBAI—Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine. The move by the world’s biggest palm oil producer to ban exports from Thursday will lift…
Indonesia’s Palm Oil Export Ban Leaves Global Buyers With No Plan B
April 26, 2022
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Business & Economyeconomic policieseconomyEuropeIndonesianMarketspalm oilRussia-Ukraine WarRussia's invasionWorld
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Rising Energy Prices Push Almost Half German Companies to Cut New Investments: Survey
April 26, 2022
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Business & Economyeconomic policieseconomyenergy pricesEuropeinflationMarketsRussia-Ukraine WarRussia's invasionWorld
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BERLIN—Around 40 percent of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on Monday. Gas and electricity bills for German householders entering into new contracts hit a record high last month and soaring natural gas and oil…
LIVE UPDATES: Military Base Hit by ‘Terrorist Attack’ in Breakaway Region Near Ukraine: Leader
The latest on the Russia–Ukraine crisis, April 26. Click here for updates from April 25. Military Base Hit by ‘Terrorist Attack’ in Breakaway Region Near Ukraine: Leader Starting Monday, a series of terrorist attacks has hit the breakaway region of Transnistria, officially known as the Pridnestrovian Moldavian Republic (PMR), which borders Ukraine, its leader said…
LIVE UPDATES: Russia’s Lavrov: Do Not Underestimate Threat of Nuclear War
The latest on the Russia–Ukraine crisis, April 26. Click here for updates from April 25. Russia’s Lavrov: Do Not Underestimate Threat of Nuclear War Russian Foreign Minister Sergei Lavrov warned the West on Monday not to underestimate the elevated risks of nuclear conflict over Ukraine and said he viewed NATO as being “in essence” engaged in a…
LIVE UPDATES: US Defense Secretary Claims Ukraine Can Win War With Russia; UN Chief Visits Moscow
The latest on the Russia–Ukraine crisis, April 26. Click here for updates from April 25. US Defense Secretary Claims Ukraine Can Win War With Russia U.S. Defense Secretary Lloyd Austin kicked off defense talks with more than 40 countries on Tuesday by expressing confidence that Ukraine can prevail against Russia in the two-month-old conflict. “Your…
Japan’s Shionogi Says COVID-19 Pill Shows Rapid Clearance of Virus
April 25, 2022
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Asia & PacificBrightBusiness & EconomyCCP VirusCompaniescovid-19 pillseconomyhealthrapid clearance effectShionogiWorld
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TOKYO—An experimental treatment from Shionogi & Co. Ltd. has shown rapid clearance of the virus that causes COVID-19, according to new data, the Japanese drug maker said on Sunday. The pill, S-217622, “demonstrated rapid clearance of the infectious SARS-CoV-2 virus”, Shionogi said in a statement, citing Phase-2b results from the Phase II/III clinical trial of…
Nissan Shares Slide 5 Percent After Report Renault Exploring Stake Reduction
TOKYO—Shares of Nissan Motor Co. Ltd. slumped 5 percent on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker. Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate its…
S&P 500 Expected to Head Into a Bear Market in 2022
A potential recession is on the horizon, according to an April 25 report from Bloomberg that followed a warning from Morgan Stanley strategists that the S&P 500 will “drop sharply” this year. Investors are looking to to find financial havens after a steep market drop on April 22 stoked fears of a recession, with news of…
Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought by Musk
April 25, 2022
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Business & EconomyCompaniesElon MuskMarketsMedia & Big TechNASDAQSocial MediastocksTechTwitterUSUS News
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Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6 percent after announcing it would be bought by Musk in a deal that will shift control of the social media giant to…
Elon Musk Twitter Buyout Prompts Polarized Reactions
Twitter announced on Monday that it had reached a final agreement to be acquired by Elon Musk for approximately $44 billion, prompting mixed reactions as users prepare for a new content moderation policy. The new announcement concludes a three-week saga of Musk’s total acquisition of the social media corporation, which began on April 4 when…
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