Analysis-China’s deposit pile stands in the way of recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s increasingly urgent efforts to tip its mountain of savings into…
May 2023
EU lawmakers’ committees agree tougher draft AI rules
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) -European lawmakers came a step closer to passing new rules…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
OSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…
Outgoing Thyssenkrupp CEO pledges leadership change won’t slow execution
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) – Thyssenkrupp’s outgoing Chief Executive Martina Merz sought to assuage investor fears…
EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
By Abhirup Roy SAN FRANCISCO (Reuters) -Rivian Automotive Inc is betting it can keep prices high for its debut lines…
Yellen says G7 members looking at how to counter China’s ‘economic coercion’
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group…
Apple supplier Foxconn’s Q1 profit plunges, outlook “conservative”
By Yimou Lee TAIPEI (Reuters) -Apple Inc supplier Foxconn on Thursday posted a 56% plunge in first-quarter net profit, lagging…
Chinese baby product firms seek to age up, sell more abroad as population falls
By Farah Master HONG KONG (Reuters) – For many of China’s manufacturers of baby and children’s products, painful reverberations from…
US Army sergeant sentenced to 25 years for Black Lives Matter protester’s murder
(Reuters) -A U.S. Army sergeant was sentenced to 25 years in a Texas prison on Wednesday for killing a man…
Cost of insuring against U.S. default rises to highest since 2009
LONDON (Reuters) – The cost of insuring against a U.S. default rose to its highest since early 2009 on Thursday,…