By Kate Abnett LUXEMBOURG (Reuters) -A late proposal to extend subsidies for coal plants has upset European Union countries’ plans on Monday to approve a reform of the bloc’s power market, which was designed to shift the electricity system towards cleaner energy. EU countries’ energy ministers meet in Luxembourg on Monday to agree a joint…
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions. The approach pursued by the glitzy Gulf city-state is a reboot of a flamboyant economic…
(Reuters) -Billionaire investor Warren Buffett’s Berkshire Hathaway said on Monday it added to holdings in Japan’s five biggest trading houses, likely underpinning strong momentum propelling the nation’s stock market to multi-year highs. Berkshire said its stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo now average more than 8.5%. It first announced the…
By Jonathan Landay WASHINGTON (Reuters) – Even when he was president, Donald Trump lacked the legal authority to declassify a U.S. nuclear weapons-related document that he is charged with illegally possessing, security experts said, contrary to the former U.S. president’s claim. The secret document, listed as No. 19 in the indictment charging Trump with endangering…
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken will meet with Chinese President Xi Jinping on Monday in Beijing, a State Department official said. Blinken, who is in China for his second day of meetings, met with China’s top diplomat earlier on Monday and with Foreign Minister Qin Gang on Sunday. This is the…
(Reuters) – European shares fell at the opening bell on Monday, with Franco-German lab equipment maker Sartorius leading the declines, while investors cautiously awaited further stimulus measures from China to revive demand. The pan-European STOXX 600 index shed 0.5% by 0719 GMT, while Germany’s DAX index dropped 0.4% after closing at a record high in…
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world’s second-largest economy. Recent economic data showed the retail and factory sectors struggling to sustain the momentum seen…
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 planes from Airbus, in a shift from its Boeing-dominated fleet, the South Asian country’s junior minister for civil aviation told Reuters on Monday. “As per our requirement, the decision has been taken to purchase 10 aircraft…
By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday. The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to…
SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered its full-year real gross domestic product growth forecast for the world’s second biggest economy from 6% to 5.4%, according to a note published…
