Turkish President Recep Tayyip Erdogan said Wednesday that the methane level in a mine in northwest Turkey was below the critical threshold before an explosion killed 41 people last week.. Under Turkish law, mines are supposed to evacuate workers when the level of methane in the air reaches two percent in the tunnels.
German shoppers are increasingly finding empty shelves where their favourite Kellogg's cereal, Mars chocolate bar or rice brand used to be, as supermarkets square off against major food companies over price hikes.. The cereal section is looking bare, too, after Rewe failed to reach a compromise with US company Kellogg's -- which according to German media was asking almost 30 percent more for its popular breakfast food.
Procter & Gamble turned in another solid quarter Wednesday as it pointed to indications that consumers are mostly sticking with leading household brands despite higher prices.. Schulten said the breadth of P&G's products allows it to meet consumers at "different value tiers," meaning that wealthier consumers can opt for premium Pampers brand diapers, which are about twice the price of Luvs diapers.
British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with the country gripped by a cost-of-living crisis bedevilling the government.. "Without price stability, the cost-of-living crisis will continue to weigh on the economy by squeezing household budgets and dampening business margins."
Hong Kong's new leader unveiled plans to resuscitate the business hub's fortunes on Wednesday, hoping to lure international expertise back to a city that has suffered an exodus of talent and is mired in a deep downturn.. But Hong Kong's pace of reopening still lags behind regional rivals like Singapore -- which has gone on a charm offensive to lure international talent and has bounced back as a global transport hub.
Asian investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted by more positive earnings results that raised hopes for the reporting season.. Still, Asian markets were mixed in early trade, with profit-takers weighing on Hong Kong after a healthy three-day run-up, while there were also losses in Shanghai, Taipei, Manila and Jakarta.
After losing four relatives to respiratory illness, Zeina Matar fled her hometown north of Lebanon's capital where she says a decaying power plant generates little electricity but very deadly pollution.. The environmental group's 2018 study singled out the Zouk plant, built in the 1940s, as well as cars on a busy motorway and privately owned electricity generators as the main causes of pollution.
President Joe Biden will announce Wednesday he's putting the final 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US official said.. The new tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorized in the spring," in response to price hikes linked to Russia's invasion of Ukraine, a senior US official said Tuesday.
More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure.". According to the poll by the University of Central America (UCA), 75.6 percent of respondents said they never used cryptocurrency in 2022, and 77 percent consider its adoption 14 months ago as legal tender, alongside the dollar, "to have been a failure."
Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears that the streaming giant was losing paying customers.. The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million, after seeing subscriber ranks ebb during the first half of the year.
