2025-05-14 01:30
LIMA, May 13 (Reuters) - Peruvian Prime Minister Gustavo Adrianzen resigned on Tuesday, a day before he was set to face a censure vote in Congress related to rising crime and the recent killing of a group of miners. Adrianzen's exit is the latest test for Peru's massively unpopular President Dina Boluarte, who must now replace her entire cabinet. She can name previous ministers to the same roles, but only under a new prime minister. Sign up here. Boluarte's approval ratings have dropped to historic lows, with a poll released this week showing support at just 2%. Adrianzen's announcement at an event alongside Boluarte on Tuesday evening capped a day of shake-ups for the government. Earlier on Tuesday, Boluarte replaced her economy and interior ministers. Her administration has been under pressure to combat rising crime. The kidnapping and killing of 13 miners by illegal miners earlier this month stoked calls for Adrianzen's resignation. The political changes come less than a year before Peruvians go to the polls to elect a president and members of Congress. Presidential reelection in the Andean country is prohibited by the constitution. https://www.reuters.com/world/americas/peru-swaps-out-economy-minister-2025-05-13/
2025-05-14 00:14
May 13 (Reuters) - eToro Group is planning to raise around $620 million in an upsized U.S. initial public offering (IPO) priced above market range, the company said on Tuesday. The stock and cryptocurrency trading platform has offered 11.92 million shares at $52 apiece, above its target range of $46 to $50. Sign up here. The stock is expected to begin trading on the Nasdaq Global Select Market under the symbol "ETOR" on Wednesday, May 14. Founded in 2007, the Israel-based company previously tried to go public through a merger with Betsy Cohen-backed special purpose acquisition company (SPAC) at a $10.4 billion valuation. However, the plan fell through in 2022. In September, eToro agreed to limit its U.S. crypto offerings to bitcoin, bitcoin cash and ether to settle charges with the Securities and Exchange Commission that it operated as an unregistered broker and unregistered clearing agency. Goldman Sachs, Jefferies, UBS and Citigroup are the lead underwriters for the IPO. https://www.reuters.com/world/middle-east/israels-etoro-seeks-raise-up-620-million-upsized-us-ipo-2025-05-14/
2025-05-14 00:06
TOKYO, May 14 (Reuters) - Japan's wholesale prices rose 4.0% in the year to April, slowing from the previous month as the yen's rebound took pressure off import costs, central bank data showed on Wednesday. But stubbornly high fuel and rice prices underscore the pain companies face from rising raw material costs, the data showed. Sign up here. The increase in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, matched a median market forecast and followed a revised 4.3% annual increase in March. The yen-based import price index fell 7.2% in April from a year earlier, after a revised 2.4% drop in March, the data showed. https://www.reuters.com/markets/asia/japan-april-wholesale-prices-rise-40-pct-yryr-2025-05-14/
2025-05-13 23:02
NEW YORK, May 13 (Reuters) - Brazilian microbiologist Mariangela Hungria, whose research has helped farmers in the country sharply boost grain production, has been named the 2025 World Food Prize Laureate, the Iowa-based foundation organizing the prize said on Tuesday. Hungria has been a researcher for more than 40 years at Brazil's state-run agricultural center Embrapa, where she works on seeds and soil treatments that enable plants to source nutrients through soil bacteria, a particularly important development for soybean crops. Sign up here. Her work helped Brazil increase soybean production from around 15 million metric tons in the 1980s to more than 170 million tons today, making the country the world's largest producer and exporter of the commodity. "I was always interested in making viable the use of biological materials in commercial agriculture," Hungria told Reuters. Good soybean growth requires a lot of nitrogen for the plant, but relying on nitrogen-based chemical fertilizers was expensive for Brazilian farmers and meant the country was heavily dependent on imported fertilizers, she said. Hungria isolated strains of a soil bacteria named rhizobia and developed a way to inoculate it in the soybean seeds used in Brazil. The strains helped the soy plants extract more nitrogen from the soil, boosting their growth. The solution has since become widespread and is used in more than 40 million hectares of Brazil's roughly 48 million hectares of soy plantations. Hungria also developed other biological solutions, including using strains of Azospirillum brasilense bacteria to boost the size of roots on crops such as corn, allowing the plants to reach deeper for humidity or nutrients. The use of biological products in agriculture has grown quickly in recent years, as consumers increasingly demand food produced with fewer chemicals. The researcher will receive $500,000 for being named a Laureate. The World Food Prize was created by Norman E. Borlaug, an American agronomist who developed solutions to increase agricultural production. https://www.reuters.com/world/americas/brazilian-researcher-who-helped-countrys-grain-boom-wins-world-food-prize-2025-05-13/
2025-05-13 22:08
WASHINGTON, May 13 (Reuters) - Over 100 federal employees who screen coal miners for black lung disease and research other respiratory disease who had been terminated as part of sweeping government layoffs have had their jobs restored permanently, West Virginia Republican Senator Shelley Moore Capito announced on Tuesday. Capito said in a statement she got an assurance from Health Secretary Robert F. Kennedy, Jr. that the Department of Health and Human Services reversed the terminations of employees at the National Institute for Occupational Safety and Health facility in Morgantown, West Virginia. Sign up here. "My understanding from Secretary Kennedy is that over 100 Morgantown employees will be returning to the job permanently," she said in a statement. NIOSH runs a coal mine health surveillance unit that had effectively been shuttered since February amid sweeping layoffs led by billionaire Elon Musk's Department of Government Efficiency, even as a resurgence of deadly black lung disease has affected at least one out of five coal miners - and increasingly workers as young as their 30s. Reuters had reported that those potential job cuts, as well as cuts at the Mine Health Safety Administration, were putting coal miners at risk, even as President Donald Trump called for a revival of the industry. The status of NIOSH workers had been in flux, with some workers brought out of administrative leave earlier this month, only to be notified days later that they were permanently terminated. Capito said she had several conversations with Kennedy urging him to save the program. A letter seen by Reuters that was sent to NIOSH employees today from its director, John Howard, said that some previously terminated employees who were called back include staff from selected units in the NIOSH director's office, the Respiratory Health Division that includes the coal mine surveillance unit; the National Personal Protective Technology Laboratory; the Division of Safety Research and the Division of Compensation and Analysis Support (DECA). Twenty-one of the 28 staffers of DECA, who work on compensation claims of former nuclear weapons workers that have cancer, were among those brought back, two sources familiar with the news told Reuters. It is unclear what percentage of NIOSH employees have been recalled. Over 90% of NIOSH employees had been notified of termination earlier this month. Kennedy will testify before Congress on Wednesday, where he is likely to face questions about mass layoffs at HHS. https://www.reuters.com/sustainability/us-health-department-reverse-federal-layoffs-coal-safety-workers-senator-says-2025-05-13/
2025-05-13 21:40
BRUSSELS, May 13 (Reuters) - Abu Dhabi state oil giant ADNOC on Tuesday won unconditional EU antitrust approval for its 14.7 billion euro ($16.3 billion)takeover of German chemicals company Covestro (1COVG.DE) , opens new tab, confirming an earlier Reuters exclusive. "The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active," said the European Commission in a statement. Sign up here. The deal, ADNOC's biggest ever, underscores Middle East countries' plans to diversify their investments and reduce dependence on oil amid the global transition to cleaner energy. ($1 = 0.9003 euros) https://www.reuters.com/markets/deals/adnoc-wins-unconditional-eu-antitrust-approval-covestro-deal-2025-05-13/
