Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports
Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong ...
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.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days to discuss how to resolve the standoff over Nexperia NV, a computer chip maker whose issues are threatening global automotive supply chains.
In the first nine months of this year, 10.2 billion cubic metres of gas were produced from the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea, according to operational data released by the Ministry of Energy.
Apple’s latest smartphone, the iPhone Air, sold out within minutes of its launch in China on Friday, highlighting the brand’s enduring appeal among Chinese consumers despite growing competition from local Android makers.
Wall Street closed lower on Thursday as renewed concerns about regional banks and intensifying U.S.-China trade tensions weighed on investor sentiment, pulling major indexes off recent record highs.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment