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4 Min Read BANYUWANGI/DENPASAR, Indonesia (Reuters) - Rescue aircraft and ships scoured the sea north of Bali on Friday as the hunt for a missing Indonesian submarine with 53 crew on board reached a critical phase due to limited supplies of oxygen aboard the 44-year-old vessel. FILE PHOTO: An Indonesian Navy ship is seen at the Navy Base port, as the search continues for the missing KRI Nanggala-402 submarine, in Banyuwangi, East Java Province Indonesia, April 23, 2021. REUTERS/Ajeng Dinar Ulfiana More navy ships left the Indonesian base of Banyuwangi early on Friday to head to the Bali Sea where contact was lost with the KRI Nanggala-402 on Wednesday during a torpedo drill. ....
2 Min Read (Reuters) - Investors poured $16.4 billion into global bond funds and $14.9 billion into money market funds in the week ending April 21, according to Refinitiv Lipper data, as concerns about a global rise in COVID-19 cases prompted moves towards safer assets. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo The inflows at global bond funds were roughly 2% higher than in the previous week, the data showed. The massive inflows into money market funds came after an outflow of $50 billion in the last week. However, global equity funds saw inflows of $10.8 billion, around 33% less than in the week before. ....
4 Min Read MILAN (Reuters) -Italian prosecutors are preparing possible charges against dozens of former employees of infrastructure group Atlantia after concluding an inquiry into a deadly motorway bridge collapse in 2018, a document filed by prosecutors on Thursday showed. Former and current government officials may also face charges as a result of the probe, according to the document. A road bridge operated by Atlantia’s motorway unit Autostrade per l’Italia collapsed in the northern city of Genoa on Aug. 14, 2018, killing 43 people and laying bare the dire state of Italy’s crumbling infrastructure. In a document on the probe’s findings seen by Reuters, prosecutors said the collapse was triggered by the rupture of the load-bearing cables inside the stay of the bridge’s ninth pillar, which were eaten away by a highly corrosive atmosphere over the 51 years of the bridge’s life. ....
6 Min Read WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to a 13-month low last week, suggesting layoffs were subsiding and strengthening expectations for another month of blockbuster job growth in April as a re-opening economy unleashes pent-up demand. While the labor market recovery is gaining speed, red flags are emerging in the housing market, the economy’s star performer during the COVID-19 pandemic. Sales of previously-owned homes tumbled to a seven-month low in March as prices jumped to a record high amid an acute shortage of houses, other data showed on Thursday. Realtors warned that expensive homes could become a permanent feature of the market, worsening inequality. ....
4 Min Read FORT COLLINS, Colo. (Reuters) - Brazil’s heavily exported second corn crop has been on the markets’ radar since last year, when the country’s soybean crop was planted later than usual, increasing the chances that corn would go in late since it is planted immediately after the soy harvest. An employee takes samples of corn imported from Brazil for a quality test at a warehouse in the terminal port of Portimex in Tuxpan, in Veracruz state, Mexico February 21, 2018. REUTERS/Henry Romero Those delays worsened earlier this year when soybean harvest came around, as persistent rains kept machinery out of the fields. Second corn was planted at the slowest pace in at least a decade and now weather is threatening to reduce the crop’s potential, especially in the south. ....