By Catarina Demony (Reuters) – Brazil’s President Luiz Inacio Lula da Silva said on Thursday the European Union should stop adopting a protectionist stance if it wants to reach a long-delayed trade deal with the Mercosur bloc. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations in 2019 but the…
SEOUL (Reuters) – Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said. The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Executive Vice President Guido…
PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris that will discuss how to boost crisis financing for low-income nations. Such clauses could be part of a broader reform of the World Bank to…
PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris that will discuss how to boost crisis financing for low-income nations. Such clauses could be part of a broader reform of the World Bank to…
TAIPEI (Reuters) -A U.S. Coast Guard ship sailed through the Taiwan Strait on Tuesday in a transit that China described as “public hype”, after U.S. Secretary of State Antony Blinken having wrapped up a high-profile, widely watched visit to Beijing a day earlier. The national security cutter Stratton made a “routine” Taiwan Strait transit on…
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc – home to carmakers such as Volkswagen and Stellantis – tries to cut its dependency on Asia and win a green subsidy race with the United States. Below is an overview of factories in…
By Jeslyn Lerh SINGAPORE (Reuters) -Oil futures dipped on Thursday amid demand fears after the Federal Reserve chairman hinted at further interest rate hikes, while traders awaited official U.S. inventory data following an industry report that showed an unexpected draw in crude stocks. Brent futures fell 22 cents, or 0.3%, to $76.90 a barrel at…
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company’s share capital. The deal helps Casino improve its liquidity, the company said one day after announcing it had also reached an agreement with the French government…
By Kaori Kaneko TOKYO (Reuters) – Japan’s employment trends showed “improvement recently”, the government said in its latest monthly assessment of the economy, noting a decline in the jobless rate and the positive impact of bigger wage rises awarded by major firms. It was the first time that the government had upgraded its assessment of…
By Nandita Bose, Jeff Mason and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden and Indian Prime Minister Narendra Modi are expected to deepen defense and technology cooperation between their countries during Modi’s official visit to the White House, despite lingering concerns about human rights in India. Two days of carefully orchestrated official events had…
