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

Exclusive: US issues license to Trinidad and Tobago to develop Venezuela offshore gas field

WASHINGTON/PORT OF SPAIN, Jan 24 (Reuters) – The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, US and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the US Treasury Department at Trinidad’s … 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

Davos 2023: China reopens its doors with investment pitch to global elite

DAVOS, Switzerland, Jan 17 (Reuters) – China’s Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation. Liu’s explicit pitch to global leaders gathered in Davos made it clear China wants international investors to play a key role in Beijing’s attempts to revive … Read more

Iranian oil exports end 2022 at a high, despite no nuclear deal

LONDON, Jan 15 (Reuters) – Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite US sanctions, according to companies that track the flows, on higher shipments to China and Venezuela. Tehran’s oil exports have been limited since former US President Donald Trump … Read more

US strongly committed to Japan’s defense, Biden tells Kishida, hails military boost

WASHINGTON, Jan 13 (Reuters) – US President Joe Biden told Japanese Prime Minister Fumio Kishida on Friday that the United States remained strongly committed to its alliance with Japan and praised Tokyo’s “historic” defense reforms. Kishida is in Washington on the last stop in a tour of the G7 industrial powers and has been seeking … Read more

‘Coup-mongering’ Bolsonarista’s battle cry reveals a radicalized Brazil

RIO DE JANEIRO, Dec 28 (Reuters) – Nearly two weeks after Luiz Inacio Lula da Silva defeated far-right President Jair Bolsonaro in Brazil’s most fraught election in a generation, Milton Baldin arrived in the capital Brasilia to try to overturn the result. A small business owner from the deep interior of Brazil, Baldin, 55, joined … Read more

India makes inroads into Sri Lanka under China’s long shadow

COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbor stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit … 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

Eastern Europe holds the key to keeping Ukraine’s power on

Eastern Europe has power grids compatible with Ukraine’s Russian attacks on infrastructure causing extensive damage Ukraine has sent a list of hardware it needs from overseas VILNIUS/WARSAW, Dec 21 (Reuters) – In Lithuania, a giant, disused electrical transformer built in 1980 in present-day Ukraine has been dusted off and prepared for shipment. It will travel … Read more