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USA farmers open up silos as corn hits ‘magic’ price levels

  Bloomberg The best rally for corn prices in 10 months meant U.S. farmers were frantic to sell from the mountain of grain they’d been hoarding. Growers have been stockpiling supplies following a string of bumper harvests, waiting patiently for a rebound in prices. Their hopes have finally been answered after dry weather threatened crops in Brazil, sending futures traded ...

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Petrobras boomtown turns desolate as billions vanish

Bloomberg Located just 30 miles east of Rio de Janeiro’s bustling Copacabana beach, Itaborai looks like many oil boomtowns after the bust — except the deserted stores and empty glass towers that loom over this town of 220,000 speak of some bigger cataclysm than the collapse of crude prices. “They said this would be the new oil city,” says Jefferson ...

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EU backs Turkey visa-free travel, fines for refusing refugees

  Brussels/ AFP The EU on Wednesday gave conditional backing to visa-free travel for Turks under a migrant deal and unveiled new asylum rules including fines for countries that refuse their share of refugees. In its latest bid to tackle the biggest migration crisis since World War II, the European Commission proposed making countries pay a “solidarity contribution” of 250,000 ...

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Yemen warring parties to resume face-to-face talks

  Kuwait City / AP Yemen’s warring parties are to resume face-to-face peace talks on Wednesday after a three-day break triggered by a walkout by the government delegation, the United Nations said. The negotiations, which began on April 21, broke off on Sunday after the government delegation quit in protest at the apparent surrender of one of the few loyalist bases ...

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Relief in Yemen’s war-hit Mukalla after year of Al Qaeda rule

  Mukalla / AFP Ten days after Gulf-backed forces drove Al-Qaeda out of the Yemeni port city of Mukalla, the signs of their harsh year-long rule are still everywhere for relieved residents to see. Al-Qaeda in the Arabian Peninsula took advantage of the chaos of fighting between pro-government forces and Iran-backed rebels to expand its control in southern Yemen, seizing ...

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Trump, Clinton all but certain to face off in fall campaign

  INDIANAPOLIS / AP Once dismissed as a fringe contender, businessman Donald Trump now is all but certain to lead the Republican Party into the fall presidential campaign against Democratic front-runner Hillary Clinton — a stunning political triumph for a first-time candidate whose appeal to frustrated voters was widely underestimated. Trump’s victory in Indiana on Tuesday and Ted Cruz’s abrupt ...

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Indonesia set to resume executions

  Jakarta / AFP Indonesia is preparing for a new round of executions, police said on Wednesday, around a year after Jakarta sparked global outrage by putting seven foreign drug convicts to death by firing squad. Officials recently started getting ready after an order from the attorney-general’s office, which oversees executions, said Central Java police spokesman Aloysius Lilik Darmanto. He ...

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