Reuters | April 3, 2023
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s sprawling manufacturing sector, accounting for a third of the world’s second-largest economy by value, lost momentum in March amid still-weak export orders, tapping the brakes on the country’s economic recovery from restrictive COVID-19 policies. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 50.0 […]
Reuters | March 23, 2023
By Sheila Dang (Reuters) – Advertisers are seeking any assurances from TikTok, the viral app that helped usher in a wave of short-form video across social media, as the Chinese-owned company again faces a potential ban in the U.S. over national security concerns. When TikTok’s Chief Executive Officer Shou Zi Chew testifies before Congress for […]
Reuters | March 17, 2023
By Olzhas Auyezov and Mariya Gordeyeva ALMATY (Reuters) – Russian companies have flooded their Kazakh partners in recent weeks with new requests to help them circumvent Western sanctions and import badly needed goods, seven sources with direct knowledge of the matter told Reuters. After Russian forces invaded Ukraine on Feb. 24 last year, the West […]
Reuters | March 14, 2023
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) -Bitcoin hit a nine-month high on Tuesday, taking gains past 30% in four days as it shrugged off chaos in global markets after last week’s collapse of Silicon Valley Bank and rode expectations that U.S. interest rates won’t rise so fast. Bitcoin jumped as much as 9.6% […]
Reuters | March 9, 2023
By Corina Pons BARCELONA (Reuters) – Spanish fashion retailer Mango’s sales hit a record 2.68 billion euros ($2.8 billion) last year, exceeding pre-pandemic levels by 13% as shoppers kept spending on clothing amid high inflation and as the company expanded in the United States and India. “We capitalized on the end of the (COVID) restrictions […]
Reuters | March 7, 2023
By Andrea Shalal WASHINGTON (Reuters) – Women have held just 12% of the top jobs at 33 of the biggest multilateral institutions since 1945, and more than a third of those bodies, including all four large development banks, have never been led by a woman, a new study released on Monday shows. Five of the […]
Reuters | February 28, 2023
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) -Volkswagen drew criticism from campaigners and a big investor on Tuesday after the head of its Chinese business said he saw no sign of forced labour during a visit to the carmaker’s Xinjiang plant. The works council, which is represented on Volkswagen’s supervisory board, in a statement […]
Reuters | February 24, 2023
By Foo Yun Chee BRUSSELS (Reuters) -TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing app from staff phones on cybersecurity grounds, a move subsequently followed by another top EU body. The app, which is owned by Chinese firm ByteDance, is facing […]
Reuters | February 20, 2023
By Aditi Shah NEW DELHI (Reuters) -Uber Technologies said on Monday it will introduce electric vehicles (EVs) in India for ride-sharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce 25,000 EVs over three years, Uber is stepping up […]
Reuters | February 16, 2023
BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it […]