Reuters

By Dawn Chmielewski and David Shepardson

(Reuters) - Universal Music Group and TikTok said on Thursday that they had reached a new licensing agreement that will restore the label's songs and artists to the social media platform.

TikTok began removing Universal's content from its app after their licensing deal expired in January and the two sides failed to reach agreement on royalty payments to artists and songwriters, protections from... (continue reading...)

By Tetsushi Kajimoto and Leika Kihara

TOKYO (Reuters) - The yen surged against the dollar on what traders suspect was another round of intervention by Japanese authorities to stem the currency's sharp declines.

While authorities have not confirmed whether they stepped in, below are some hints on Tokyo's new intervention tactics:

WHY DID THEY STEP IN?

The yen fell below the key 160-to-the-dollar line after Bank... (continue reading...)

By Angeliki Koutantou

ATHENS (Reuters) - When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes last July, flames were already leaping above the trees into the night sky. The volunteers needed to act fast, but dense vegetation on the forest floor blocked access.

With crews unable to get close, the fire spread and within days had engulfed the Mediterranean island, forcing 19,000 people to flee - one of the... (continue reading...)

By Alexander Marrow

LONDON (Reuters) - Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but officials and economists say there are still ways it can strike back.

The United States wants to seize immobilised Russian reserves - around $300 billion globally - and hand them to Ukraine, while EU leaders favour ringfencing profits from the assets,... (continue reading...)

By Leigh Thomas

PARIS (Reuters) - The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook.

The global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organisation for Economic Cooperation and... (continue reading...)