BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures from Ireland, which are typically volatile. The European Union’s statistics office Eurostat said on Monday that industrial production in the 20 countries sharing…
BEIJING (Reuters) -A 78-year-old U.S. citizen and Hong Kong resident was on Monday convicted of espionage and sentenced to life imprisonment by a court in eastern China, a court statement said. John Shing-wan Leung was also stripped of his political rights after a brief trial on Monday, the Suzhou Intermediate People’s Court said in the…
By Juan Gonzalez SANTA JUANA, Chile (Reuters) – In the southern Chilean city of Santa Juana, hit hard by wildfires earlier this year, locals have a special taskforce helping fight blazes: a herd of goats. The goats have already saved the native forest of the Bosques de Chacay once, preventing the park from being consumed…
By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) – The U.S. dollar fell slightly from a five-week high on Monday after a period of strength that has confused analysts. Meanwhile, The Turkish lira sank to a two-month low as weekend elections looked headed for a runoff, while the Thai baht rallied after a more decisive…
BEIJING (Reuters) -A top Chinese envoy will begin a tour of Ukraine, Russia and other European countries on Monday in a trip Beijing says is aimed at discussing a “political settlement” to the Ukraine crisis. Li Hui, China’s special representative for Eurasian affairs and former ambassador to Russia, will also visit Poland, France, Germany on…
By Julia Harte (Reuters) -North Carolina Democratic Governor Roy Cooper on Saturday vetoed a bill that would ban most abortions after 12 weeks, a move the Republican supermajority in the state legislature is expected to quickly override, allowing the bill to become law. The measure would cut the window for most abortions in the state…
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in Italy and Spain, but inflation will also remain stubbornly high, the European Commission forecast on Monday. In its regular economic forecast for the 20 countries that share the euro, the…
FRANKFURT (Reuters) – Rapid European Central Bank rate hikes lowered inflation modestly last year but the biggest impact is expected only in 2024, the ECB said in an Economic Bulletin article on Monday, reaffirming a long-held view that policy works with big lags. The ECB has raised rates by a combined 375 basis points since…
By Leika Kihara and Kentaro Sugiyama TOKYO (Reuters) -A meeting of the government’s top economic council on Monday focused on whether recent rises in inflation and wage growth suggest Japan was approaching a sustained exit from deflation. With inflation accelerating globally and wage growth picking up in Japan, discussions also touched on the desirable timing…
By Engen Tham and James Pomfret SHANGHAI/HONG KONG (Reuters) – China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing’s patience to meet surging demand as China emerged from its COVID-lockdowns. These consultancies thrived by providing investors – from…
