By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Wednesday urged people to spend less on Christmas celebrations and gifts this year and send the difference to Ukrainians to …
Reuters
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US and World News
Philippines concerned over Chinese vessels ‘swarming’ in disputed waters – defence chief
by Reutersby ReutersMANILA (Reuters) – The Philippines’ defence chief on Wednesday said the reported presence of dozens of Chinese vessels in disputed waters in the South China Sea was an “unacceptable” action …
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US and World News
Russian strategic bombers patrol over Sea of Japan – defence ministry
by Reutersby Reuters(Reuters) – Russia’s defence ministry said on Wednesday that two Russian Tu-95 strategic bombers carried out a seven-hour patrol flight over the Sea of Japan. The bombers – capable of …
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Business News
Exclusive-ECB sees inflation above target through 2025, source says
by Reutersby ReutersBy Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank expects inflation to remain above its 2% target for the next three years, one source told Reuters, …
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Global investors fly blind into China’s messy post-COVID transition
by Reutersby ReutersBy Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Global investors, already caught off guard by China’s virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, …
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LONDON (Reuters) – British house prices increased by 12.6% year-on-year in October, the Office for National Statistics (ONS) said on Wednesday, pushed up in part by a sharp fall in …
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(Reuters) – OMV is to expand its board with the appointment of as new executive board member responsible for energy starting March 1, 2023, the oil and gas firm said …
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US and World News
Top Israeli general claims attack on convoy at Iraq-Syria border
by Reutersby ReutersJERUSALEM (Reuters) – The chief of Israel’s armed forces on Wednesday claimed credit for a recent air strike on a convoy that had entered Syria from Iraq, saying the target …
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US and World News
The painter who shared China’s COVID protests with the world
by Reutersby ReutersBy Jessie Pang HONG KONG (Reuters) – When China’s historic protests against COVID curbs erupted in late November, a 30-year-old Chinese man in a flat in northern Italy became one …
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BERLIN (Reuters) – Germany’s recession will be milder than expected, with the economy expected to contract by 0.1% in 2023 compared to a previous forecast of shrinking by 0.3%, the …
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Business News
Germany entirely dependent on imports for 14 critical raw materials – study
by Reutersby ReutersBERLIN (Reuters) – Germany is highly dependent on imports for many crucial raw materials and often relies entirely on other countries to meet demand, according to a study seen by …
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US and World News
Morocco airline cancels World Cup fans flights, citing Qatar restrictions
by Reutersby ReutersRABAT (Reuters) -Morocco’s national airline said it was cancelling all flights it had scheduled for Wednesday to carry fans to Doha for the World Cup semi-final, citing what it said …
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US and World News
U.S. forces launch space unit in South Korea amid North’s growing threats
by Reutersby ReutersBy Hyonhee Shin SEOUL (Reuters) -U.S. Forces Korea launched a new space forces unit on Wednesday as the allies ramp up efforts to better counter North Korea’s evolving nuclear and …
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Business News
U.S. lawmakers introduce bill to restrict Huawei’s access to banks
by Reutersby Reuters(Reuters) -U.S. lawmakers have introduced a bipartisan bill to sanction Chinese tech company Huawei Technologies Ltd and Chinese 5G companies, restricting them from accessing U.S. banks. The bill, introduced by …
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Business News
Japan manufacturers’ mood sour as cost pressures bite, service sector upbeat
by Reutersby ReutersBy Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japanese manufacturers’ mood soured in the final quarter of 2022 to its lowest in nearly two years, a central bank survey showed, …
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Business News
Bludgeoned bond markets hope peak inflation will bring revival in 2023
by Reutersby ReutersBy Dhara Ranasinghe, Davide Barbuscia and Yoruk Bahceli (Reuters) -Many of the world’s big bond fund managers, from BlackRock to Vanguard, are optimistic that sovereign debt markets have turned a …
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Business News
Investors see returns in depressed Asian dollar bonds, but risks too
by Reutersby ReutersBy Ankur Banerjee and Harish Sridharan SINGAPORE (Reuters) – Fund managers and investment advisers are returning to battered Asian bond markets, betting on a rebound in 2023, though with a …
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Business News
Exclusive: Barclays turbocharges 2030 sustainable finance target to $1 trln
by Reutersby ReutersBy Simon Jessop and Lawrence White LONDON (Reuters) – British investment bank Barclays has increased its sustainable and transition finance target to $1 trillion by 2030 as part of efforts …
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BERLIN (Reuters) – Volkswagen’s chief designer Klaus Zyciora is leaving the company and will be replaced by Porsche chief designer Michael Mauer, Volkswagen said on Wednesday. Volkswagen said in a …
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Business News
India’s Nov WPI inflation at 21-month low as food, commodity prices ease
by Reutersby ReutersBy Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) – India’s annual wholesale price-based inflation rate (WPI) eased to its lowest in 21 months, signalling that price pressure in Asia’s …
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Business News
China fuel demand outlook brightens as road, air traffic jump after COVID curbs ease
by Reutersby ReutersBy Muyu Xu SINGAPORE (Reuters) – Road and air traffic in China, the world’s second-biggest oil consumer, has rebounded sharply after a significant easing in the country’s COVID-19 restrictions, boosting …
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Business News
Carlyle to miss March 2023 deadline for $22 billion fundraise – FT
by Reutersby Reuters(Reuters) – U.S. buyout group Carlyle Group is struggling to raise the $22 billion it had targeted as its largest fund, the Financial Times reported on Wednesday. The firm has …
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A look at the day ahead in European and global markets from Tom Westbrook A vintage performance from skipper Lionel Messi took the World Cup semi away from Croatia and …
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By Diego OrĂ© MEXICO CITY (Reuters) – Climate change will accelerate humanitarian crises around the world in 2023, adding to the issues created by armed conflict and economic downturns, according …
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BERLIN (Reuters) – Mercedes-Benz laid out on Wednesday an over 1 billion-euro ($1.06 billion) plan to adapt its global production network for electric powertrain systems – including battery assembly, electric …