By Muyu Xu SINGAPORE (Reuters) – A surge in hydropower output in China this year, boosted by record-breaking rainfall, is helping the world’s biggest polluter meet green targets as well as cut liquefied natural gas imports (LNG) amid tight global supplies. Global coal and LNG prices have hit record highs this year, fanning inflation, as …
China’s surging hydropower a boon for its climate goals, energy bills Read More »
By Andrea Shalal and Tetsushi Kajimoto TOKYO (Reuters) -U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to work together to address rising food and energy prices, as well as volatility in currency markets, exacerbated by Russia’s war in Ukraine. They said the war had increased exchange rate volatility, which …
U.S., Japan agree to address currency, economic impact of Ukraine war Read More »
BEIJING (Reuters) – China’s health authority said on Tuesday that local governments no longer need to test some imported goods for the coronavirus, in a move aimed at reducing the cost of its strict COVID-19 prevention measures. China began testing the packaging of chilled and frozen food imports for the virus in June 2020, after …
China tells local governments to drop COVID tests on some goods Read More »
BANGKOK (Reuters) – Thailand is short more than half a million migrant workers, the country’s Chamber of Commerce said on Tuesday, as Southeast Asia’s second-largest economy struggles with a slow post-pandemic recovery. Demand for workers is high in labour-intensive sectors including agricultural goods and food processing for exports, construction, and tourism and services, Poj Aramwattananont, …
Thailand needs 500,000 more migrant workers for recovery – Chamber of Commerce Read More »
By Karen Brettell NEW YORK (Reuters) – The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S. currency was boosted by expectations that the Federal Reserve will hike rates faster and further …
Euro drops to 20-year low, approaches parity with dollar Read More »
By Katanga Johnson WASHINGTON (Reuters) – World equities and U.S. bond yields fell on Monday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially influencing the Federal Reserve’s path ahead for interest-rate increases. The pan-European STOXX 600 index lost 0.50% and MSCI’s gauge of stocks across the globe …
Global shares decline, bond yields slide and dollar rallies amid inflation fears Read More »
By Noel Randewich and Hyunjoo Jin (Reuters) – Elon Musk’s attempt to scrap his purchase of Twitter Inc may leave the world’s wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank. After Musk on …
Musk’s Tesla stock sale windfall dwarfs Twitter loss Read More »
(Reuters) -Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter. Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying …
By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent <LCOc1> futures for September delivery gained 8 cents, or 0.1%, to settle at $107.10 a barrel, while U.S. …
Oil steadies as China COVID fears face tight supply concerns Read More »
MILAN (Reuters) -Italy’s data protection authority has formally warned Chinese-owned video-sharing app TikTok about an alleged breach of existing European Union rules to safeguard user privacy, the watchdog said on Monday. TikTok had told users in recent weeks that it was going to deliver targeted advertising to them from July 13, without requesting consent for …
Italy’s watchdog warns TikTok over alleged breach of EU privacy rules Read More »
