live Rubio tells allies U.S. will hold off new Iran strikes
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time bein...
Turkey has begun exporting around 15,000 tonnes of eggs to the United States as a devastating outbreak of bird flu is slashing U.S. production and sending prices soaring, a leading sector official said on Wednesday.
Deaths of millions of laying hens imperil U.S. President Donald Trump's pledge to bring down everyday costs, as grocery stores ration supplies and restaurants raise prices for egg dishes.
Shipments to the U.S. from Turkey began this month and will continue until July, said Ibrahim Afyon, chairman of the Egg Producers Central Union in Turkey.
"The export will take place through our member companies with the required authorizations, while two firms will coordinate the process," Afyon said.
"A total of 15,000 tonnes of eggs — equivalent to 700 containers — will be shipped," he added.
The U.S. has been working to contain bird flu, which was first detected in dairy cattle in Texas last March and has since spread to more than 970 herds in 17 states. The virus has infected nearly 70 people since April, primarily farm workers exposed to infected poultry or cattle. One person who was infected died.
The outbreak in poultry began in 2022 and has wiped out about 162 million chickens, turkeys and other birds, according to U.S. data. A surge in recent infections is fuelling egg shortages.
"We support the temporary import of egg products to help ease the strain on the U.S. egg supply," said Chad Gregory, CEO of United Egg Producers, a cooperative that represents U.S. egg farmers.
Faced with supply constraints, U.S. companies have sought alternative import markets, leading to negotiations with Turkish producers, Afyon said. The deal is expected to generate around $26 million in export revenue, he added.
Turkey ranks among the world's top 10 egg exporters, Afyon said.
The U.S. Department of Agriculture had no comment on imports.
The agency is rebuilding a stockpile of bird flu vaccines for poultry and granted a conditional license to animal health company Zoetis (ZTS.N), opens new tab for a vaccine for chickens. USDA has not yet authorized the use of vaccines.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD-LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
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