Three years on, Britain still waits for the Brexit dividend

UK lags behind peers for growth, investment and trade Many economists say Brexit contributes to underperformance Polls show Britons increasingly regret leaving the EU Pro-Brexit economist Lyons: UK problems have long roots LONDON, Jan 31 (Reuters) – Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend … Read more

China offers Sri Lanka debt moratorium, IMF help still in doubt

China offers debt service relief in 2022, 2023 Sri Lanka sources unclear if China letter will be enough for IMF Broad agreement between IMF, China on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would … Read more

Exclusive: Europeans dial down the heating, heed calls to save energy

BERLIN, Jan 18 (Reuters) – Europeans have dialed down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and setting the temperature lower, data shows. The data, from hundreds of thousands of smart thermometers installed in households across the … Read more

Exclusive: China in talks with Pfizer for generic COVID drug – sources

HONG KONG/BEIJING, Jan 7 (Reuters) – China is in talks with Pfizer Inc (PFE.N) to secure a license that will allow domestic drugmakers to manufacture and distribute a generic version of the US firm’s COVID-19 antiviral drug Paxlovid in China, three sources told Reuters. China’s medical products regulator – the National Medical Products Administration (NMPA) … Read more

Brazil markets tumble on Lula’s first full day in office

BRASILIA, Jan 2 (Reuters) – Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva’s first full day in office on Monday, after he pledged to prioritize social issues and ordered a budget-busting extension to a fuel tax exemption. Lula’s decision to extend the fuel tax exemption, which will deprive the … Read more

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand takes toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meeting points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

EU agrees law preventing import of goods linked to deforestation

BRUSSELS/SAO PAULO, Dec 6 (Reuters) – The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to deforestation around the world. The law will require companies to produce a due diligence statement showing their supply chains are not contributing … Read more

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on … Read more

Welders wanted: France steps up recruitment drive as nuclear crisis deepens

PARIS, Nov 29 (Reuters) – French power giant EDF (EDF.PA) is looking to recruit a new generation of welders, pipe-fitters and boiler makers to fix its aging nuclear reactors and build more of them, as Europe’s energy crisis rekindles the allure of atomic power. The problem is that in France such skilled workers are in … Read more

Show us the money: Developing world at COP27 seeks financing details

Finance Day at COP27 puts focus on banks, investors, insurers Emerging markets demand more help to pay for transition UN experts flag dozens of climate projects worth $120 billion SHARM EL-SHEIKH, Egypt, Nov 9 (Reuters) – Finance took center stage at the COP27 climate talks on Wednesday, with UN experts publishing a list of projects … Read more