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

Brazil’s crowdfunded insurrection leaves paper trail for police

BRASILIA, Jan 16 (Reuters) – With a Brazil flag draped around his neck and his feet propped up on a dark wooden table, Samuel Faria leaned back in the Brazilian Senate president’s ceremonial chair which he had just commandeered and surveyed the chaos on the lawn outside. “It’s kicking off out there,” he said, watching … Read more

China imposes transit curbs for S.Korea, Japan in growing COVID spat

New curbs for S.Korea, Japan nationals transiting China China says visa suspensions for South Korea, Japan “reasonable” Escalating diplomatic spat may complicate economic relations Social media users lash out at S.Korea’s “insulting” COVID curbs BEIJING, Jan 11 (Reuters) – China introduced transit curbs for South Korean and Japanese nationals on Wednesday, in an escalating diplomatic … 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

Russia explores buying stranded jets from Western leasing firms

Some 400 jets worth $10 billion stranded by war $644 mln offered for 17 Aeroflot aircraft – letter Russian plan would use its National Wealth Fund Required EU approval not yet forthcoming -sources DUBLIN/LONDON, Dec 22 (Reuters) – Russian airlines have held exploratory talks with at least one major Western leasing firm about using state … Read more

China’s factory, retail sectors skid as COVID hits growth

China’s industrial output growth slows more than expected Retail sales contraction deepens Property investment falls most in over two decades Nationwide jobless rate climbs Near-term outlook darkens following COVID relaxation – analysts BEIJING, Dec 15 (Reuters) – China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing … Read more

German car giants and Asian battery kings: a match made in Hungary

German, Chinese and South Koreans head to Hungary They dominate auto investment and subsidies Orban’s Hungary keen to court foreign business BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, … 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