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Germany hit by record temperatures as heatwave moves east

By Thomas SeythalGermans braced for sweltering conditions on Saturday as a heatwave linked to dozens of deaths in Western Europe was expected to move east after temperatures broke records above 40 degrees Celsius (104 degrees Fahrenheit).Britain, France, Switzerland and Germany have all experienced…

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NEWS reuters

Magnitude 5.4 earthquake strikes Pakistan, EMSC says

An earthquake of magnitude 5.4 struck Pakistan on Saturday, the European-Mediterranean Seismological Centre said.The quake was 35 km (22 miles) deep, EMSC said.

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IMF approves nearly $350 million of funding for Congo

The International Monetary Fund said on Friday it approved about $348.5 million in funding for the Democratic Republic of Congo after completing reviews of programs under its Extended Credit Facility and Resilience and Sustainability Facility.The third review of the ECF-supported program unlocks ab…

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Economy
NEWS reuters

China industrial profits stay resilient as economy leans on factories, exports

Profits at China's industrial firms grew more slowly though still at a double-digit pace in May, highlighting a widening divide in an economy leaning on factory output and overseas shipments to counter soft domestic demand.Economic growth remains fragile, hobbled by a prolonged property downturn an…

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Economy
NEWS reuters

Germany, Poland poised for soaring temperatures as heatwave moves east

By Thomas SeythalGermans braced for sweltering conditions on Saturday as a heatwave linked to dozens of deaths in Western Europe was forecast to move east and bring temperatures approaching 40 degrees Celsius (104 degrees Fahrenheit) to Germany and Poland.Britain, France and Switzerland have baked…

Reuters en
NEWS reuters

China's January-May industrial profits rise 18.8% y/y

Profits at China's industrial firms rose 18.8% in the first five months of 2026 compared with the corresponding period last year, official data showed on Saturday.The profit rise accelerated from an 18.2% increase in the January-April period, according to data from the National Bureau of Statistics…

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Economy
NEWS reuters

Thousands left without power after wild weather in New Zealand

Thousands of people in New Zealand were without power on Saturday, a day after a low-pressure system swept across the country triggering flooding and landslides.More than 3,000 outages were recorded on Saturday after the storms lashed central regions of the country of 5.3 million people, including…

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Grades broadly fall as US rig count rises, refinery demand slips 

Grades were mixed on Friday, dealers said, with the U.S. rig count rising while refinery demand was set to fall.U.S. energy firms had the biggest weekly increase in rigs since June 2022, energy services firm Baker Hughes said.The company said oil rigs climbed by seven to 440 this week, their highes…

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Futures
reuters

Corn barge bids strengthen, USDA data awaited

Spot basis bids for corn shipped by barge to U.S. Gulf Coast terminals strengthened on Friday on exporter demand and a lack of farmer offerings as Chicago Board of Trade corn futures CBOT:ZC1! rebounded from this week's contract lows, traders said.For displays of CIF basis, click on the codes in br…

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Futures