By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government made no mention of a timeframe for balancing the primary budget in its draft mid-year annual long-term economic policy roadmap, two government sources with knowledge of the matter told Reuters. The government has previously pledged to achieve a primary budget surplus, which excludes new…
BARCELONA, Spain (AP) — NATO Secretary-General Jens Stoltenberg said Monday that next month’s summit in Madrid will be a “historic” opportunity to strengthen the alliance in the face of Russian aggression against Ukraine. Speaking at a gala in Madrid to mark Spain’s 40th year as a NATO member, Stoltenberg said he looked forward to welcoming…
SHANGHAI (Reuters) – China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies. The southern city of Shenzhen started distributing 30 million yuan ($4.50 million) worth of free digital cash on Monday to revive consumption and aid…
By Noah Browning LONDON (Reuters) -Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports. The Brent crude futures contract for July, which will expire on Tuesday, was up…
MOSCOW (AP) — Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts. The Vedomosti business daily quoted Finance Minister Anton Siluanov as saying that Russia will offer the holders of its Eurobond obligations to accept a payment system bypassing Western…
BERLIN (AP) — Germany’s governing coalition and the main opposition party have reached a deal to move ahead with a big increase in defense spending that Chancellor Olaf Scholz announced three months ago. Scholz said three days after Russia invaded Ukraine on Feb. 24 that Germany would commit 100 billion euros ($107 billion) to a…
(Reuters) -Stellantis said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version. Stellantis will supply TME, a unit of Japan’s Toyota Motor Corp, with the new vehicle for sale in Europe under the Toyota brand, it said. The van will be produced…
By Munsif Vengattil NEW DELHI (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A deal is set…
BEIJING (Reuters) – China’s factory activity likely contracted at a slower pace in May, a Reuters poll showed, as some virus curbs were lifted in key manufacturing hubs.The official manufacturing Purchasing Manager’s Index (PMI) is expected to rise to 48.6 in May from 47.4 in April, marking the third straight month of contraction, according to…
KRAMATORSK, Ukraine (AP) — Russian troops pushed deeper into a key eastern Ukrainian city Monday, fighting street by street with Kyiv’s forces in a battle that has left Sievierodonetsk in ruins. In a bid to pressure Moscow to end the war, the European Union agreed to embargo most Russian oil imports by the end of…
