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By Feras Dalatey , Jonathan Saul, Dmitry Zhdannikov and Edward Carron DUBAI, June 16 (Reuters) – The United States military has overseen scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing, using aerial and water drones as well as helicopters in an operation to guide convoys to awaiting tankers. The operation on the edge of the Strait of Hormuz employs a shuttling technique long used by Iran […]

June 16 (Reuters) – Shares of Elon Musk’s SpaceX rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company, as it extended a post-IPO rally. The stock, which surged more than 19% on Monday, was last up 10.1% at $211.8, giving the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon […]

NAIROBI, Kenya (AP) — Kenyan farmer Yvonne Anyonyi Mumiah walks in the early morning between rows of rosemary, basil and other crops destined for European supermarkets. She once worried that transport delays or extreme heat could spoil much of her harvest, but now relies on a solar-powered cool storage service to keep her produce fresh. The pay-per-use model offered by cold-chain company SoKo Fresh charges farmers based on kilograms (pounds) […]

FRANKFURT, June 16 (Reuters) – Germany has officially rejected UniCredit’s offer to buy Commerzbank shares, the country’s finance agency said on Tuesday, citing a low price and concerns about the Italian bank’s “aggressive approach”. The government holds a 12% stake in Commerzbank and has long objected to UniCredit’s efforts to take over one of Germany’s top lenders. “Accepting the offer was already not an option from a financial point of […]

VILNIUS, June 16 (Reuters) – Lithuania’s ruling Social Democrat party said on Tuesday that its chair Mindaugas Sinkevicius plans to become prime minister, replacing Inga Ruginiene of the same party who held the position since last year. “Mindaugas Sinkevicius is ready to assume full responsibility for the formation of the new Government and serve as Prime Minister”, Lithuania’s Social Democrat Party said in a Facebook social post on Tuesday. The […]

SHANGHAI, June 16 (Reuters) – China’s digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient cross-border payments and advance global adoption of the Chinese currency. • The international operation centre of the digital yuan was established and managed by the People’s Bank of China. • The agreement will allow participants to join the Cross-border e-CNY Transfer Services, or […]

PARIS, June 16 (Reuters) – French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services. • The French government will create a public health chatbot for state-owned health insurance Ameli agency. • Create a new platform to make access to public data easier. • “We can either be subjected […]

June 16 (Reuters) – The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war. The hike was the first since December and aligns the BOJ with other central banks shifting towards tighter policy to combat inflation, including the European Central Bank. Following are […]

MOSCOW, June 16 (Reuters) – A Ukrainian drone attack damaged a facility at the Moscow oil refinery owned by Russia’s Gazpromneft, Moscow Mayor Sergei Sobyanin said on Tuesday. “There were no casualties. Emergency services are working at the scene,” Sobyanin wrote on Telegram. Sobyanin did not say whether the refinery’s operations have been affected. The plant, the biggest in the Moscow region, processed 11.6 million tons of oil, producing 2.9 million […]