MADRID (Reuters) -Spain will reimburse up to 15% of income tax to people who buy an electric vehicle (EV) before the end of the year to encourage cleaner driving, Economy Minister Nadia Calvino said on Tuesday. The initiative is part of an anti-inflation package worth 8.9 billion euros ($9.7 billion) in which other measures already…
By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of a petrol subsidy, the World Bank said on Tuesday, but warned of growing inflationary pressures in the short term. Nigerian President Bola Tinubu…
SEOUL (Reuters) – North Korea criticised on Tuesday the U.S. plan to rejoin the U.N. cultural agency UNESCO as a “sinister” move to use an international organisation for the purpose of “realizing the strategy for hegemony”. The Paris-based U.N. agency announced this month the United States intended to rejoin in July, calling it an “act…
By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed sharply in the January to March quarter, helped by a smaller trade gap and increased services exports, the Reserve Bank of India (RBI) said on Wednesday. The current account deficit (CAD) stood at $1.3 billion, or 0.2% of gross domestic product (GDP), in the fourth…
(Reuters) -Walgreens Boots Alliance on Tuesday cut its profit forecast for the year on lower demand for COVID-19 tests and vaccines as well as sluggish consumer spending, sending its shares down 7.5% premarket. The United States declared an end to the COVID public health emergency in May; while the emergency was in place, millions of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global central banks experienced losses managing their reserves last year amid bond-heavy allocations that took a major hit in 2022 following aggressive monetary policy tightening around the world, according to the latest survey by a think tank group. About 40% of reserve managers surveyed said it will take…
STOCKHOLM (Reuters) – Sweden’s central bank will hike its policy rate by a quarter percentage point this week in a bid to bring down inflation further, but that is likely to be the end of the rate-hiking cycle, a poll by Reuters showed on Tuesday. Central banks around the globe have jacked up interest rates…
LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was staying “bearish” on China’s yuan despite its recent slide and that the country’s central bank could look to step in to prevent the move accelerating. “As spot currency weakness and depreciation expectations tend to be self-reinforcing, the People’s Bank of China might find…
(Reuters) – Delta Air Lines said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. The company earlier said it expects to report 2023 adjusted profit in the range of about $5 per share to $6 per share. (Reporting by Shivansh Tiwary in Bengaluru; Editing…
MILAN (Reuters) – Stellantis launched a ‘Charging & Energy’ business unit on Tuesday to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener mobility. The unit will offer a platform called Free2move Charge providing customer services including access to over 500,000 charging points…
