(Reuters) -Mercedes-Benz Vans will invest more than 1 billion euros ($1.05 billion) to build its first electric-only vans plant in Jawor, Poland, pending approval of conditions such as the sign-off …
Reuters
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US and World News
China slams U.S. sanctions over alleged rights abuses in Tibet
by Reutersby ReutersBEIJING (Reuters) -U.S. sanctions on two senior Chinese officials over alleged human rights abuses in Tibet were illegal and seriously harmed Sino-U.S. ties, the Chinese foreign ministry said on Monday. …
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China re-opens more areas at risk for COVID spread as lockdowns ease
by Reutersby ReutersBEIJING (Reuters) – China has slashed the number of locations deemed at high risk of wider COVID outbreaks, re-opening locked down areas including one hosting a key factory of an …
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US and World News
U.S. says working on ‘next steps’ to secure release of Whelan from Russia
by Reutersby ReutersBy Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – Biden administration officials will meet early Monday to discuss next steps in securing the release of former U.S. Marine Paul Whelan, …
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LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets better” after figures on Monday showed a bounce-back in growth …
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Business News
Rivian pauses JV plans with Mercedes-Benz to make electric vans in Europe
by Reutersby Reuters(Reuters) – Rivian Automotive Inc said on Monday it is pausing its joint venture with Mercedes-Benz Vans, just three months after the companies entered a partnership to make electric vans …
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Business News
Exclusive-Morgan Stanley to slash 2022 banker bonuses in Asia by up to half – sources
by Reutersby ReutersBy Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with …
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Business News
Taiwan central bank likely to announce another mild rate hike: Reuters Poll
by Reutersby ReutersTAIPEI (Reuters) – Taiwan’s central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but …
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By Dhara Ranasinghe, Naomi Rovnick and Stefano Rebaudo LONDON (Reuters) -The European Central Bank meets this Thursday and looks set to slow the pace of aggressive interest rate hikes as …
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Business News
Businesses in China’s Wuhan face fresh worries after COVID easing
by Reutersby ReutersBy Martin Quin Pollard WUHAN, China (Reuters) – Infections are delivering a fresh kick in the teeth for many small businesses in China’s central city of Wuhan, despite the easing …
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Business News
Turbulence still haunts LME nickel, months on from trade debacle
by Reutersby ReutersBy Pratima Desai LONDON (Reuters) -With memories still fresh of the nickel market meltdown in March, the industry didn’t need a reminder about just how dysfunctional the London Metal Exchange’s …
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US and World News
Russian envoy says British royals told to keep away from Russian embassy
by Reutersby ReutersMOSCOW (Reuters) – Russia’s ambassador to Moscow said Britain’s royal family had been recommended not to have any contacts with the Russian embassy in London, the Izvestia newspaper reported. Asked …
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By Toby Sterling AMSTERDAM (Reuters) -Grocery-in-minutes company Getir’s $1.2 billion deal to buy rival Gorillas is an important step toward consolidation in Europe’s food delivery market, where companies are struggling …
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A look at the day ahead in European and global markets from Anshuman Daga Just as China faces a testing time over its dramatic COVID-19 policy pivot, financial markets are …
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Business News
Japan’s wholesale inflation near steady at 9.3% as commodity prices ease
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – Japan’s November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the …
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US and World News
Two dead and four injured in Peru protests to demand elections
by Reutersby ReutersLIMA (Reuters) – Two teens were killed and four people injured in Peru on Sunday during protests demanding the country hold general elections following the ouster of former President Pedro …
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By Costas Pitas and Andrea Shalal (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I believe …
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US and World News
NASA’s Orion capsule returns to Earth, capping Artemis I flight around moon
by Reutersby ReutersBy Joey Roulette and Steve Gorman (Reuters) – NASA’s Orion capsule barreled through Earth’s atmosphere and splashed down in the Pacific ocean on Sunday after making an uncrewed voyage around …
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Business News
Waning trust: China shadow banks pivot away from property to survive
by Reutersby ReutersBy Engen Tham, Clare Jim and Julie Zhu SHANGHAI/HONG KONG (Reuters) – For more than a decade, Chinese developers’ debt-fuelled construction boom enriched the country’s shadow banks, who were eager …
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US and World News
Ukraine orders punitive measures on clerics with Moscow links
by Reutersby ReutersBy Nick Starkov KYIV(Reuters) – Ukraine’s top security officials have ordered punitive measures against seven senior clerics, President Volodymyr Zelenskiy said on Sunday, part of a crackdown on a branch …
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US and World News
Jersey blast toll rises to five as hope of finding survivors fades
by Reutersby ReutersLONDON (Reuters) -Jersey police said on Sunday the death toll from an explosion at an apartment building had risen to five, and that four people remained unaccounted for as emergency …
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By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to …
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US and World News
China’s healthcare system put to the test as COVID curbs fade
by Reutersby ReutersBy Ella Cao and Ryan Woo BAODING, China (Reuters) -When Li tested positive for COVID-19 on Tuesday in Baoding in northern China, he braced for a five-day quarantine at a …
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Business News
Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources
by Reutersby ReutersBy Norihiko Shirouzu (Reuters) – Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow …
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By Casey Hall SHANGHAI (Reuters) – China’s weary public and businesses have welcomed the easing of stringent “zero-COVID” measures, but Jorry Fan, who lives in the eastern city of Suzhou, …