On the edge of the Afghan border with Uzbekistan, where the railway abruptly stops, throngs of young men transfer sacks of wheat or flour from freight trains to trucks. Every day, 3,500 tons of flour and 1,500 tons of wheat are unloaded by hand at the border town of Hairatan in northern Afghanistan to trucks that brave mountain passes and war-damaged roads to ferry goods around the country.
The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. The announcement sparked an uproar in British media circles and the UK government quickly opened a formal probe into the sale on public-interest grounds.
A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington. According to Paley, at least six ships flying the Panamanian flag have violated these sanctions since January.
Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy. Toyota, which has bet bigger on hybrids than fully electric cars, announced it would pump $2.2 billion into Brazil until 2030.
The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower. While it takes time for changes to filter into inflation measures, she stressed that she has "every expectation" housing costs will move down this year, easing price pressures.
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.
Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy Agency said Wednesday. It said nearly 120 million tonnes was released in 2023 -- a small rise compared with 2022, and close to the record high in 2019.
Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States. As well as failing to secure a US-wide deal, negotiations have paused on talks with Canada.
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down. Sales growth is similarly expected to come in at five percent, well down on 2023.
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