Newsletter Jul 28, 2022
Britain's rail network hit by new strike action over pay dispute

Britain's rail network suffered major disruption again on Wednesday as staff walked out in a row over pay and conditions, the latest in a wave of industrial unrest as wages fail to keep pace with soaring inflation.


 
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McDonald's raises UK cheeseburger price for first time in 14 years

McDonald's will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation.


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G7 aim to have price cap on Russian oil in place before Dec. 5

The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec.

Seafarer shortage stands in way of Ukraine grain corridor

Finding enough seafarers willing to sail ships stuck inside Ukraine's ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.

Drought threatens Spain's 'green gold' harvest

A severe drought gripping much of Spain threatens to shrivel their harvest this year.

Australia sets sights on clean energy jobs created by 'climate emergency'

Australia sees the world's climate emergency as an opportunity to create jobs.

US consumer watchdog to scrutinize crypto payments, big tech moves into finance -director

The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector.

Holcim hikes sales outlook on strong construction industry demand

Holcim brushed off higher energy prices and rising interest rates to hike its full-year sales guidance on Wednesday after the world's largest cement maker beat second-quarter forecasts.

Gartner forecasts chip sales growth to slow down in 2022, fall next year

IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year.

Indonesia runs road test for biodiesel with 40% palm oil

Indonesia on Wednesday launched road tests for two types of biodiesel containing 40% palm oil.

Bitter harvest: Malaysian palm oil farmers face labour crunch

Lengthy Covid border closures had already reduced the foreign labour force, but now bureaucratic hurdles and a ban by Indonesia on sending new workers have dramatically worsened the problems.

Russia tells NASA Space Station pullout less imminent than indicated earlier

Russian space officials have informed their U.S. counterparts that Moscow would like to keep flying its cosmonauts on the International Space Station at least until their own orbital outpost is built, a senior NASA official told Reuters on Wednesday.

Fourth person 'cured' of HIV, but is a less risky cure in sight?

Also announced at the AIDS conference was research about a 59-year-old Spanish woman with HIV who has maintained an undetectable viral load for 15 years despite stopping antiretroviral therapy.

 
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