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Crypto 're-staking' platforms boom as traders chase bigger returns May 31, 2024 03:19AM

By Elizabeth Howcroft

LONDON (Reuters) - More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.

The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin, the... (continue reading...)


Papua New Guinea leader visits community hit by landslide May 31, 2024 03:14AM

SYDNEY (Reuters) - Papua New Guinea (PNG) Prime Minister James Marape on Friday made his first visit to a remote village hit by a deadly landslide last week and thanked international aid donors for their support.

Officials are still trying to pinpoint how many people are buried under parts of a mountain which collapsed onto the Yambali village in the Enga region a week ago.

More than 2,000 people may have been buried alive, according to... (continue reading...)


After repairing its war-damaged factory, Mondelez resumes making Oreos in Ukraine May 31, 2024 03:12AM

By Jessica DiNapoli

NEW YORK (Reuters) - Snack maker Mondelez resumed its production of Oreo cookies in Ukraine, after its plant in a small city in the eastern part of the country was badly damaged during Russia's invasion roughly two years ago.

Mondelez's plant in Trostyanets is now fully rebuilt after opening partially last year to make chocolates, according to a company statement.

The company said the Oreo cookies and... (continue reading...)


Poland organising its 45th package of aid for Ukraine, minister says May 31, 2024 03:00AM

WARSAW (Reuters) - Poland is currently organising its 45th package of aid for Ukraine, the foreign minister said on Friday.

"Poland has sent 44 packages of aid to Ukraine, we are now organising our 45th... we think we've contributed in military assistance alone around 4 billion euros," Radoslaw Sikorski told reporters at a meeting of NATO foreign ministers in Prague.

(Reporting by Alan Charlish, Pawel Florkiewicz)


Pakistan PM Sharif to visit China June 4-8, foreign ministry says May 31, 2024 02:58AM

ISLAMABAD (Reuters) - Pakistan Prime Minister Shehbaz Sharif will visit China from June 4 to 8 on the invitation of President Xi Jinping, Pakistan's foreign ministry said on Friday.

The trip will seek to upgrade cooperation under the multi-billion dollar China-Pakistan Economic Corridor, which is a key part of Beijing's Belt and Road Initiative, the foreign office spokesman Mumtaz Baloch said in a press briefing.

... (continue reading...)


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