French Finance Minister Bruno Le Maire said Europe mustn’t be pushed around due to the rivalry between the US and China, standing by President Emmanuel Macron’s comment that the bloc’s countries shouldn’t become vassals in a global crisis.
Chinese car parts makers are facing growing pressure from overseas customers to set up factories outside the country as mounting trade tensions and three years of Covid lockdowns make them wary of relying too heavily on China.
Emmanuel Macron’s latest attempt to cast the European Union as a balancing power between the US and China will be tested this week as he seeks to enlist support from the Netherlands.
Norway’s inflation unexpectedly accelerated last month, in what’s likely to cement the central bank’s plan to raise interest rates by half a point in coming months.
Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc. kicked off a yen bond sale.
China’s consumer and producer inflation remained muted in March, suggesting more monetary or fiscal stimulus may be needed to strengthen the economy’s recovery.
Metals recycling startup Runaya is planning to boost its processing of industrial waste about eightfold in the next two years as the Indian company adds zinc and copper to its existing aluminum portfolio.
The Bank of Korea kept its benchmark interest rate unchanged and said it intends to keep policy restrictive to combat inflation even with the economy set to slow more than previously expected this year.
Investor activist group Market Forces and other environmental nonprofits filed shareholder proposals with several Japanese megabanks and utilities, seeking to require them to disclose more specific plans on how they will work to meet climate targets set by the Paris Agreement.
Oman’s Bank Dhofar SAOG plans to submit a non-binding bid to merge with smaller rival Ahli Bank SAOG in a deal that could create an entity with more than $19 billion in assets.
