U.S. Businesses In China Gloomier Due To Bilateral Tensions, COVID Curbs - Survey

U.S. Businesses In China Gloomier Due To Bilateral Tensions, COVID Curbs – Survey

SHANGHAI (Reuters) – U.S.-based businesses reported more pessimism about operating in China due to bilateral tensions, ongoing COVID-19 curbs, regulatory restrictions and a slowing economy, a survey from the American Chamber of Commerce showed on Tuesday. Optimism toward domestic market growth dropped 11 percentage points from the previous year, according to the Chamber’s report, based…

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Airbus Strikes Deal With Australia's Fortescue As Airlines Seek Hydrogen Boost

Airbus Strikes Deal With Australia’s Fortescue As Airlines Seek Hydrogen Boost

PARIS (Reuters) – European planemaker Airbus chose the Australian miner Fortescue Metals Group Ltd’s hydrogen unit to help it reduce CO2 emissions from flying, Fortescue Future Industries (FFI) said in a statement on Tuesday. The move, marked by the signing of a Memorandum of Understanding, reflected the companies’ “shared ambition … to support the entry-into-service…

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Japan Unveils New Sanctions On Russians, Bans Refinery Equipment Exports

Japan Unveils New Sanctions On Russians, Bans Refinery Equipment Exports

TOKYO (Reuters) – Japan has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs following the invasion of Ukraine, the Ministry of Finance announced on Tuesday. The newly added sanctions target 20 Russians including deputy chiefs of staff for President Vladamir Putin’s administration, deputy chairmen of the state parliament, the head…

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Japan Logs Biggest Current Account Deficit Since 2014 As Oil Import Costs Surge

Japan Logs Biggest Current Account Deficit Since 2014 As Oil Import Costs Surge

By Tetsushi Kajimoto TOKYO (Reuters) – Japan recorded its largest current account deficit since the start of 2014 in January as a jump in oil import costs offset gains in investment incomes, with continuing uncertainty due to the Ukraine crisis and COVID-19 pandemic. The current account data highlighted the dependence of Japan’s resource-deficient economy on…

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Environmental Groups Press California On Electric Car Rules

Environmental Groups Press California On Electric Car Rules

By David Shepardson WASHINGTON (Reuters) – More than 80 environmental groups and other organizations on Monday urged California Governor Gavin Newsom to impose tougher rules promoting electric vehicles even as the state is moving faster than President Joe Biden’s administration. “Californians being punished by high gas prices and climate disasters deserve the fastest all-electric future…

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