Business Day
Asian shares sink to one-month lows
New York/Sydney — Asian stocks skidded to one-month lows on Friday as rising US Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen.
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Business Day
Northern Ireland loyalist withdraw from 1998 peace deal
London/Belfast —  Northern Irish loyalist paramilitary groups have told British Prime Minister Boris Johnson they are temporarily withdrawing support for the 1998 peace agreement due to concerns over the post-Brexit deal.
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Lufthansa reports the biggest loss in its history
Frankfurt am Main — Deutsche Lufthansa struck a more pessimistic tone after reporting the biggest loss in the airline’s history, saying it might need until the middle of the decade to recover from the coronavirus pandemic that’s ravaged the industry.
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Business Day
Global markets hit by rising US bond yields
London — Worries about lofty US bond yields hit global shares on Thursday as investors waited to see if US Federal Reserve chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs.
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Surge in food prices not abating
Berlin/London — The surge in food prices that’s eating into consumer budgets and hitting some of the poorest nations shows few signs of abating.
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