• Lufthansa ups fares as environmental costs increase

    FRANKFURT: Lufthansa will add an environmental charge to its fares, the airline said on Tuesday, joining at least one European rival in doing so as the industry battles to cover the cost of meeting new EU rules on reducing emissions.

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  • Ghana cocoa farmers turn to smuggling as currency falls

    SUHUM, Ghana: Ghanaian cocoa farmer Isaac Antwi says he has to smuggle his beans to Ivory Coast to sell them at a decent profit even as international prices for the commodity recently surged.

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  • India’s JPMorgan entry to suck $11bn from 3 countries

    MUMBAI: India’s imminent inclusion in the world’s most widely followed emerging market bond index, JPMorgan’s GBI-EM, is expected to draw a combined $11 billion away from South Africa, Poland and Thailand’s local markets, the bank’s analysts have estimated.

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  • Hot cocoa prices in Ecuador bring profits, danger to producers

    BUENA FE, Ecuador: Julia Avellan had been tempted to quit the cocoa business before prices unexpectedly exploded on the international market this year, bringing historic profits to Ecuador’s farmers.

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  • China premier calls to ‘oppose decoupling’ at economic forum

    DALIAN, China: China’s premier called Tuesday for countries to “oppose decoupling”, as economic tensions simmer between Beijing and the West, and the European Union prepares to impose new tariffs on Chinese electric vehicles.

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  • Kuwait Investment Authority to open office in Saudi Arabia - Finance Min.

    KUWAIT, June 25 (KUNA) -- Minister of Finance Dr. Anwar Al-Mudhaf said on Tuesday that Kuwait Investment Authority's board decided to open a representative office in the Kingdom of Saudi Arabia, within the framework of strengthening economic and investment ties between the State of Kuwait and the Kingdom, and the desire to bolster cooperation of such relations.

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  • Markets mixed after weak Wall St lead, eyes on yen

    HONG KONG, China: Asian and European markets were mixed Monday after last week’s poor run as investors look ahead to the release of key US inflation data, while eyes are on Japan as the yen sits around three-decade lows.

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  • Burgan Bank adopts GCC real time payments system AFAQ

    KUWAIT: Burgan Bank announced adopting the GCC real-time payments system AFAQ, becoming one of the earliest Kuwaiti banks to join the cross-border platform in line with the Central Bank of Kuwait’s (CBK) plans to keep pace with the latest developments in financial technology (fintech).

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  • Climate change impacts threaten global wheat harvests

    RAMBA, India: When all else fails, Satveer Singh knows his family will manage if they have a sack of wheat flour in the kitchen to make rotis. Served hot and stuffed with sliced raw onion, the simple meal of Indian flatbreads keeps hunger at bay.

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