SAO PAULO (Reuters) – Beef-crazy Brazil, with its all-you-can-eat steak houses, world-leading meatpackers and more cattle than people, is not the first place you might look for plant-based alternatives to meat. But companies from JBS SA, the largest beef producer in the world, to BRF SA, the No.1 chicken exporter, are looking to tap a […]
(Reuters) – U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it said were familiar with the inquiry. The investigation includes a review of the German bank’s handling of so-called suspicious activity reports that […]
OTTAWA (Reuters) – Canada’s federal and provincial governments earned C$186 million ($140 million) in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data showed on Wednesday, after two major provinces cut their revenue forecasts. Statistics Canada found Ottawa collected a combined C$55 million in revenue via federal […]
NEW YORK (Reuters) – Lloyd’s of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent modernization effort in May, will meet with American International Group Inc on Thursday, and later […]
Millions of North Koreans are being forced to rely on meagre rations after the nation’s worst harvest in a decade. The country is 1.36m tonnes of food short following a series of weather disasters, compounded by longstanding international sanctions. A UN assessment found North Koreans had been surviving on just 300g (10.5 oz) of food […]
BRASILIA (Reuters) – The Chief Executive Officer of state-controlled Banco do Brasil SA, Rubem Novaes, said on Wednesday that the bank has around 4 billion reais ($1.03 billion) in unsecured debt with construction conglomerate Odebrecht SA, which filed for bankruptcy this week. “We have set aside provisions for most of the loans,” Novaes said, adding […]
SINGAPORE – A fire broke out at a building in Geylang, the Singapore Civil Defence Force (SCDF) said on Wednesday evening. In a Facebook post, SCDF said it was alerted to the fire at two shophouses at 67 and 69 Lorong 14 Geylang at 8.35pm. Twelve emergency vehicles and around 70 firefighters were deployed to the […]
STOCKHOLM (Reuters) – Swedbank shareholders elected Goran Persson as chairman on Wednesday, with the former Swedish Prime Minister pledging to “clean the house” after a money-laundering scandal. Sweden’s oldest retail bank has lost its chief executive, chairman and a third of its stock market value this year as its Estonian business was embroiled in a […]
ISLAMABAD (DAWN/PAKISTAN) – Iran raised the stakes in its game of chicken with the United States this week by announcing its intention for uranium enhancement beyond what is permitted under the nuclear deal concluded in 2015. At the same time, it suggested that it would change its mind about violating the agreement if the European […]
BANGKOK (REUTERS) – Human rights groups on Wednesday (June 19) called on South-east Asian leaders to rethink their approach to the Rohingya refugee crisis ahead of a regional summit in Bangkok this week. Myanmar regards Rohingya Muslims as illegal migrants from the Indian subcontinent and has confined tens of thousands to camps in its western […]