SHANGHAI (Reuters) – When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar measures imposed in…
By Kantaro Komiya and Kentaro Sugiyama TOKYO (Reuters) – Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her children even though circumstances for her single-income family have always been fairly modest. But times have changed. Nowadays, she has no trouble with used clothes and her pursuit of…
(Reuters) – Australia’s Qantas on Monday said it will buy 12 Airbus SE jets capable of non-stop flights from Sydney to London, getting off the ground its long-delayed plans for the world’s longest commercial flights. Reuters on Sunday reported, citing sources, that the carrier was set to announce the deal which brings it closer to…
By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect of a recovery aided by central banks’ rate hikes is expected to bolster their outlook. The banks have tussled with increased competition in home lending…
By Marco Aquino LIMA (Reuters) – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy costs linked to a commodities price spike since Russia’s invasion of Ukraine. The country’s INEI statistics institute said on Sunday that 12-month…
BERLIN (AP) — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil, 8% for…
By Jeffrey Dastin (Reuters) – Amazon.com Inc’s objections to a landmark union election at a company warehouse in New York City justify a hearing that could overturn the result, a U.S. National Labor Relations Board (NLRB) official said. The online retailer has accused the NLRB’s Brooklyn office of appearing to support the union drive and…
By Elizabeth Howcroft LONDON (Reuters) – The company behind the “Bored Ape” series of NFTs has raised around $285 million worth of cryptocurrency by selling tokens which represent land in a virtual world game it says it is building. Last year, U.S. start-up Yuga Labs created the Bored Ape Yacht Club NFTs, blockchain-based tokens representing…
By Julie Gordon OTTAWA (Reuters) – The Canadian government’s plan to ease runaway housing prices by rapidly ramping up the pace of home construction risks pushing up construction costs in the near term and could lead to oversupply in the long run, experts said. Vowing to double homebuilding to keep up with population growth and…
ROME (AP) — For travelers heading to Europe, summer vacations just got a whole lot easier. Italy and Greece relaxed some COVID-19 restrictions on Sunday before Europe’s peak summer tourist season, in a sign that life was increasingly returning to normal. Greece’s civil aviation authority announced that it was lifting all COVID-19 rules for international…
