SHANGHAI (Reuters) -Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy. China’s commercial hub of Shanghai reported a broad decline in its economy last month …
Shanghai eases return to work, moves to support economy Read More »
DUBAI (Reuters) -Iran’s energy export revenue is 60% higher in the first two months of the Iranian year (March 21 to May 21) compared to the same period a year ago, an official from the Iranian oil ministry told the ministry’s SHANA news agency on Sunday. The official did not give a reason for the …
Iran’s energy export revenue up 60% in March-May vs year ago – oil ministry media Read More »
(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported on Sunday, citing the Industry and Advanced Technology Minister Sultan Al Jaber. ADQ has become the leading vehicle for outbound investments from Abu Dhabi, managing about $110 …
UAE’s ADQ to invest $10 billion in projects with Egypt, Jordan – WAM Read More »
BERLIN (Reuters) – Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways, the German group said on Saturday. The deal between Egypt’s National Authority for Tunnels (NAT) and a consortium of Siemens Mobility, Orascom Construction and Arab Contractors …
Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt Read More »
(Reuters) – Global ratings agency S&P on Friday cut Ukraine’s sovereign rating to ‘CCC+/C’ from ‘B-/B’, citing a larger fallout from Russia’s military attack on the country. “Substantial damage to Ukraine’s economy and tax-generation capacity has made government debt payment more dependent on international financial support,” the agency said in a statement.The ratings agency said it …
S&P cuts Ukraine’s credit rating, assigns negative outlook on conflict fallout Read More »
(Reuters) -Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday, putting the amount of budget stimulus for the economy at 8 trillion roubles ($120 billion). Russia sent tens of thousands of troops into Ukraine on Feb. 24, which prompted the West to impose sanctions against Moscow …
Russia needs huge financial resources for military operation – finance minister Read More »
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – Key Senate Democrats are working to revive U.S. President Joe Biden’s legislative agenda with a current focus on energy, environment, climate and tax reform rather than the social safety net, according to three people familiar with the matter. Plans to revive the “Build Back Better” legislation …
U.S. Senator Manchin could back climate provisions in slimmer spending bill, sources say Read More »
By Karin Strohecker and Sujata Rao LONDON (Reuters) – The lapse of a key U.S. license allowing Russia to make payments on its sovereign debt to U.S. holders has put the prospect of the country defaulting on its sovereign debt back into focus. Russia is due to pay $100 million in interest on two sovereign …
Explainer-U.S. Treasury pushes Russia towards default: What next? Read More »
TOKYO (Reuters) – The Bank of Japan included information on measures it is taking to combat climate change, such as figures on its energy use and carbon dioxide emissions, as part of its annual business report released on Friday. The disclosure came amid growing awareness among central banks on the need to play a part …
BOJ discloses steps on climate change in business report Read More »
(Reuters) – Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the National Statistics Institute (INE) said on Friday. The growth compared with a 1.9% contraction expected by economists polled by Reuters. The March figure was revised from a previous 4.2% contraction …
