Ukraine estimates its grain harvest fell by around 40 percent year on year due to the Russian invasion, a representative for the country's industry told AFP Friday.. "We expect a grain harvest of 65-66 million tonnes" by the end of the year, the head of the Ukrainian Grain Association Sergiy Ivashchenko said, following a record harvest of 106 million tonnes last year.
Beleaguered electricity firm Eskom warned South Africans on Friday to brace for a prolonged electricity crisis as it struggles to power up the continent’s most advanced economy.. South Africa has endured electricity shortages for the past 15 years, but power cuts reached new extremes this year, which Eskom blames on sabotage, crime and ageing power stations.
Boeing has won a reprieve from a regulatory deadline for the new versions of the 737 MAX under the $1.7 trillion spending bill approved by Congress on Friday.. The bill, which cleared its final legislative hurdle Friday with passage in the House of Representatives, requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both the 737 MAX 7 and 737 MAX 10 without mandating an overhaul of the crew alerting systems.
Military personnel standing in for striking UK passport control staff appeared to minimise feared disruption on Friday, despite an escalating public sector fight for more pay.. Public sector employees are furious the government is refusing to discuss increasing pay after years of wage stagnation and a cost-of-living crisis fuelled by inflation running at nearly 11 percent.
A key indicator of US inflation edged down in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed.. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, the Commerce Department data showed.
Sales of new homes in the US bounced unexpectedly in November despite high mortgage rates, official data showed Friday, with low inventories of existing homes likely nudging buyers into the market for new properties.. Monthly data can be volatile, and economists have cited a lack of existing inventory as a reason that buyers are turning to new properties.
A key indicator of US inflation edged down from a year ago in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed.. Household spending, which has proven resilient in the face of decades-high inflation, jumped 0.1 percent from October to November, official data showed.
Shell said Friday it will pay 15 million euros to Nigerian farmers to compensate them for damage from pipeline leaks.. Four Nigerian farmers and fishermen sued Shell in the Netherlands to pay for cleaning up spills from its pipelines in the Niger river delta, a major oil-producing region.
Britain outlined in a letter to Washington its opposition to US green subsidies, claiming they would "harm multiple economies" and "undermine UK-US trade and investment flows", UK media reported Friday.. But Badenoch said the plan would "harm multiple economies across the world and impact global supply chains in batteries, electric vehicles and wider renewables", according to the FT. The subsidies, "also undermine our shared goals to promote free and fair trade internationally", The Times quoted Badenoch as saying.
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data.. The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties that included the British firm Cambridge Analytica, which had been linked to Donald Trump's 2016 presidential campaign.
