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Georgia's tea growers work to revive an industry that collapsed with the Soviet Union Jul 18, 2025 04:01AM

By Felix Light

ANASEULI, Georgia (Reuters) -When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea.

Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews.

“When I was a child, this... (continue reading...)


European shares rise as investors focus on earnings Jul 18, 2025 03:52AM

(Reuters) -European shares rose on Friday, on course for small weekly gains, as investors focussed on corporate earnings for clues on the impact of U.S. tariff policies on businesses.

The pan-European STOXX 600 index rose 0.3% to 548.84 points, as of 0731 GMT, and was on track for a second weekly gain.

Other major regional indexes, including the German DAX, France's CAC 40 and Britain's FTSE 100 also rose modestly.

Wall Street... (continue reading...)


Syrian forces prepare to redeploy to Sweida city despite Israeli warnings Jul 18, 2025 03:40AM

BEIRUT (Reuters) -Syrian security forces are preparing to redeploy to the Druze-majority Sweida city to quell fighting with Bedouin tribes, a Syrian interior ministry spokesperson said on Friday, further straining a fragile truce in Syria's south.

A ceasefire announced on Wednesday briefly ended days of bloody fighting that erupted when Bedouin and Druze fighters clashed in Sweida province, prompting the Syrian government to send in troops - further... (continue reading...)


Take Five: Talking politics Jul 18, 2025 03:28AM

(Reuters) -Slice and dice it anyway you like and the week ahead for world markets will likely be dominated by politics and central banks in some shape or form.

Japan votes, the European Central Bank holds its pre-summer break policy meeting, U.S. President Donald Trump's constant pressure on the Federal Reserve chief stays on the watch list and Turkey's central bank meets against a backdrop of domestic political uncertainty.

Here's your... (continue reading...)


GSK shares fall after blood cancer drug likely headed for U.S. rejection Jul 18, 2025 03:24AM

(Reuters) -GSK shares fell more than 6% on Friday after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep, citing earlier concerns over eye-related side effects.

The British drugmaker was trying to revive the drug, which was pulled from U.S. markets in 2022 after failing a late-stage study. GSK's renewed application is based on two late-stage trials showing that Blenrep, when used in combination, improved overall... (continue reading...)


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