By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth…
(Reuters) – Russia will build up forces at its western borders following Finland’s accession to the U.S.-led NATO alliance, Russian Defence Minister Sergei Shoigu told the governing board of the ministry on Wednesday. In opening remarks to the Collegium of the Defence Ministry, Shoigu said NATO-member Poland had already announced plans to strengthen its military,…
By Josephine Walker WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating held steady at 40% in early August, with concerns about the economy souring Americans’ opinion of his performance despite falling inflation, according to a Reuters/Ipsos poll this week. The three-day online poll, which asked Americans if they approve or disapprove of the…
(This Aug 8 story has been corrected to clarify that the quote was from Anna Hogg, not Caroline Holmes, in paragraphs 3 and 4) By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of rising global temperatures and there is no…
By David French (Reuters) – All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody’s reignited fears about the health of U.S. banks and the economy. After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5%…
By YP Rajesh NEW DELHI (Reuters) – Indian opposition leader Rahul Gandhi on Wednesday mounted a scathing attack on Prime Minister Narendra Modi’s handling of the deadly ethnic conflict in Manipur, saying his government had divided the remote northeastern state, broken it and burnt it. More than 180 people have been killed, many hundreds more…
By Ella Cao, Ryan Woo BEIJING (Reuters) -A growing number of Chinese graduates are abandoning the bright lights of the country’s mega-cities, with state media reporting almost half are returning to their hometowns within six months of graduation amid a sagging job market. Feeling the pinch of rising housing costs and a slowing economy, the…
By Sam Nussey TOKYO (Reuters) -Japan’s Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from its movie division but the entertainment giant remained hopeful about prospects for a record year for its PlayStation 5 console. Operating profit slid 31% to 253 billion yen ($1.8 billion) in April-June, in…
A look at the day ahead in U.S. and global markets by Harry Robertson It’s been a tough little patch for U.S. stocks, with the benchmark S&P 500 index falling for five of the last six sessions. It dropped 2.3% last week, its biggest weekly fall since the banking turmoil of March. Things look a…
By Tom Sims FRANKFURT (Reuters) -Germany has long benefited from an era of cheap money that fuelled a decade-long boom in real estate, but now the sector is grappling with a major turn of fortune. In the latest signs of stress in the sector, Germany’s largest real estate group Vonovia posted multi-billion euro losses and…
