By Mike Dolan LONDON – The hit to Europe from an economic war with Russia over its invasion of Ukraine pales against the blow to Moscow – but another recession …
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SHANGHAI -China said on Friday it will maintain yuan flexibility and foreign exchange market stability, vowing to actively prevent and defuse risks from external shocks. The trend of foreigners investing …
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By Jarrett Renshaw, Vera Eckert and Joseph Nasr BRUSSELS/BERLIN -The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to the European Union …
- Financial News
India’s aviation minister urges airlines to add more long-haul jets
by Reutersby ReutersBy Abhijith Ganapavaram and Chandini Monnappa HYDERABAD, India – India’s civil aviation minister urged Indian airlines on Friday to add more long-haul aircraft to their fleets and to increase flights …
- Financial News
Costs of going unvaccinated in America are mounting for workers and companies
by Reutersby ReutersBy Joshua Schneyer – Nearly a year after COVID vaccines became freely available in the U.S., one fourth of American adults remain unvaccinated, and a picture of the economic cost …
- Financial News
Germany makes progress in cutting back on Russian energy, minister says
by Reutersby ReutersBERLIN -Germany has made significant progress towards reducing its exposure to imports of Russian gas, oil and coal since Russia invaded Ukraine, Economy Minister Robert Habeck said on Friday. Germany …
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By Zoey Zhang and Engen Tham SHANGHAI – The president of China’s Bank of Communications Co Ltd (BoCom), on Friday warned it will be difficult for the lender to deliver …
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– The International Air Transport Association’s (IATA) annual gathering of airline chief executives in June will be held in Doha, Qatar, rather than in Shanghai, it said on Friday, citing …
- Financial News
Farm equipment makers cut pre planting season production as U.S. inflation bites
by Reutersby ReutersBy Bianca Flowers – Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm …
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MANHATTAN, NY – A 26 year old woman was slapped and her phone stolen inside the Bowling Green Subway Station on March 21 around 4:30am. REWARD up to $3,500. Any …
- Financial News
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite
by Reutersby ReutersBy Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto Area over the past few …
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By Ann Saphir OAKLAND, Calif. – Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and …
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– Spanish industrial production prices rose at a record annual rate for the fifth straight month in February, pushed up by soaring energy costs, data from the National Statistics Institute …
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By Paul Lienert, Nick Carey and Norihiko Shirouzu DETROIT/BEIJING – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for …
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By Saqib Iqbal Ahmed NEW YORK -The Federal Reserve’s hawkish tilt has shaken up the bond market, with Treasuries recording their worst start to the year in history. Yields on …
- Financial News
U.S. to sell more LNG to Europe to help it cut dependence on Russia – Biden
by Reutersby ReutersBRUSSELS – The United States will supply more liquid natural gas (LNG) to the European Union to help it reduce its reliance on gas supplies from Russia, President Joe Biden …
- Financial News
U.S. LNG will help reduce EU’s Russian gas dependency, von der Leyen says
by Reutersby ReutersBRUSSELS – The commitment by the United States to deliver additional liquefied natural gas (LNG) to the EU is a big step towards making Europe less dependent on Russian gas, …
- Financial News
UK retail sales and consumer confidence fall as inflation mounts
by Reutersby ReutersBy William Schomberg LONDON -Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world’s fifth-biggest economy, …
- Financial News
Lacking wire harnesses from Ukraine, Volkswagen delays ID.5 launch
by Reutersby ReutersBERLIN – Volkswagen will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in the supply of wire harnesses …
- Financial News
Russia’s National Settlement Depository says Clearstream is blocking its account -Ifx
by Reutersby Reuters– Russia’s National Settlement Depository (NSD) on Friday said Clearstream, one of the world’s biggest settlement systems, had informed it that it was blocking its account and waiting for a …
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– Rating agency Fitch on Friday revised its outlook on Japan’s long-term foreign-currency issuer default rating to stable from negative on Friday, citing confidence in the stabilisation of the country’s …
- Financial News
Anglo American completes exit from S.African coal miner Thungela
by Reutersby ReutersHARARE – Global mining giant Anglo American Plc on Friday announced the sale of its remaining shareholding in Thungela Resources, completing its exit from the South African coal business. Under …
- Financial News
New rules for U.S tech giants to come into force in October, EU’s Vestager says
by Reutersby ReutersBy Foo Yun Chee BRUSSELS -Tough new rules targeting U.S. tech giants agreed late on Thursday are expected to come into force in October, EU antitrust chief Margrethe Vestager said …
- Financial News
Telenor completes Myanmar business sale, to be paid over 5 years
by Reutersby ReutersOSLO – Telenor will receive payments for the sale of its Myanmar operations over the next five years, the Norwegian telecoms company said on Friday as it announced the completion …
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By Aditi Shah NEW DELHI – Indian full-service airline Vistara is in talks with lessors about getting long-haul planes to cover a gap left by delays in Boeing 787 deliveries, …