Kinder factory at center of Salmonella cases can reopen

Ferrero’s Belgian factory is authorized to restart Kinder chocolate production subject to strict testing A factory in Belgium behind a Salmonella contamination in Kinder chocolates sold in Europe can reopen conditionally after a clean-up by owner Ferrero, health authorities said Friday. Ferrero was forced to withdraw more than 3,000 tonnes of Kinder products worth tens … Read more

Is recession the only way out of US inflation scourge?

Unemployment may have to rise sharply as the US Federal Reserve tries to slow the economy and choke off soaring inflation A massive interest rate hike by the US Federal Reserve and promises of more to come are fueling warnings that the only offramp from the searing price hikes engulfing American families is a full-blown … Read more

WTO talks go deep into overtime

Talks at the World Trade Organization went deep into overtime on Thursday with key holdout India talking up the prospects for a landmark deal spanning food security, fishing and combating Covid-19. With ministers struggling to conclude agreements on each separate issue, countries were going round the clock making trade-offs which, they hope, could see several … Read more

RIP Explorer: Microsoft’s web browser retired

Microsoft’s Internet Explorer browser was retired after more than a quarter century on the world’s computer screens Internet Explorer, Microsoft’s once dominant web browser that some users love to hate, was retired Wednesday after 27 years on the world’s computer screens. The tech giant will no longer offer fixes or updates to the existing version … Read more

US Fed announces biggest interest rate hike since 1994

The Federal Reserve was caught off guard by the speed of US price increases, which have arisen at the fastest pace in more than 40 years The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against … Read more

US inflation skyrockets, piling pressure on Biden

US inflation surged to a new four-decade high in May, defying hopes that price pressures had peaked and deepening President Joe Biden’s political troubles as Americans struggle to meet the cost of essentials like food and gas. Government data released Friday put inflation at 8.6%, extending increases not seen for a generation, with gas prices … Read more

US seeks way forward on migration at close of contested summit

A pair of mud-crusted shoes rests near a gap along the border wall between the US and Mexico in Yuma, Arizona on May 31, 2022 The United States on Friday promised to do more to manage migration and looked for consensus around the Americas as it wound down a summit in Los Angeles that has … Read more

ECB gears up for ‘series’ of rate hikes to fight inflation

ECB president Christine Lagarde said the bank was embarking on “a journey” that would include “a series” of rate hikes over the next months The European Central Bank on Thursday ended its bond-buying stimulus and unveiled plans for a series of interest rate hikes from July, the first in more than a decade, to combat … Read more

Mexico snub throws Americas’ summit into disarray

Mexico’s President Andres Manuel Lopez Obrador said he would stay away from a regional summit in Los Angeles to protest the exclusion of three far-left countries President Joe Biden’s plans to reboot US engagement with Latin America — especially on critical topics like migration — took a major hit after key partner Mexico snubbed a … Read more

Musk accuses Twitter of withholding data, says may withdraw bid

Tesla Chief Executive Elon Musk threatened to withdraw his bid for Twitter if the company does not provided requested information on fake accounts Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire … Read more