JAKARTA (Reuters) – Indonesia has requested World Trade Organization (WTO) dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the global trade body said on Tuesday. The EU is Indonesia’s third-largest destination for palm oil products and is an important market for its…
By Sudarshan Varadhan and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Woodside Energy Group and U.S. major Chevron are locked in a dispute over pay and job security with about 700 workers at four facilities in Australia that produce more than a tenth of the world’s liquefied natural gas (LNG). Here is what is expected in coming…
By Casey Hall SHANGHAI (Reuters) – Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry. Zhu, who takes home 400-600 yuan ($55-$82) a day…
By Sarah N. Lynch, Jacqueline Thomsen WASHINGTON (Reuters) -Former President Donald Trump again stands accused of illegally trying to overturn the 2020 election results to stay in power. But for the first time some allies and closest advisers also face criminal charges for their roles in the alleged scheme. Already charged by a federal grand…
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise,…
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a press conference on Wednesday. (Reporting by Gwladys Fouche, editing by Terje Solsvik)
By Casey Hall SHANGHAI (Reuters) -Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two sources close to the company. The sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednesday that DingTalk…
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) said on Wednesday, the smallest rise since July 2020. House prices in London fell by 0.6%, the ONS said. Britain’s housing market, which boomed during the coronavirus pandemic, has come under strain from higher…
By Pavel Polityuk KYIV (Reuters) – Russian drone strikes damaged grain silos and warehouses at the Ukrainian river port of Reni on the Danube, a vital wartime route for Ukrainian food exports, senior officials said on Wednesday. Russian strikes on port infrastructure on the Danube in recent weeks have piled pressure on Ukrainian food exports…
By Clare Jim HONG KONG (Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China’s largest developer by sales value before this year, Country Garden’s debt crisis has raised fears that its contagion…
