BRUSSELS (Reuters) – The European Union’s exports of sparkling wine to the rest of the world fell last year for the first time in a decade, Eurostat said on Friday, largely because of a massive drop in champagne sales, though prosecco and cava sold well. The COVID-19 pandemic dampened wine trade globally in 2020, the…

By Ashitha Shivaprasad (Reuters) – Oil analysts have lowered their price forecasts for 2022 as the Omicron coronavirus variant poses headwinds to recovering fuel demand and risks a supply glut as producers pump more oil, a Reuters poll showed on Friday. A survey of 35 economists and analysts forecast Brent crude would average $73.57 a…

By Xie Yu HONG KONG (Reuters) – China Evergrande Group on Friday dialled back plans to repay investors in its wealth management products, in a move that highlights the deepening liquidity squeeze at the property developer that has failed to meet its offshore debt obligations. Evergrande, whose $19 billion in international bonds are deemed to…

ISTANBUL (Reuters) -President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply in the last two months. “I want all my citizens to keep their savings in our own money, to run all their business…

By Tommy Wilkes LONDON (Reuters) – Stock markets dipped on Friday in thin trading but were set to see in the New Year with double-digit gains for 2021 while oil prices hovered near $80 a barrel following their biggest annual rise since 2009. The U.S. dollar, which has had its best year since 2015 with…

BEIJING (Reuters) – China expects its retail sales to reach around 50 trillion yuan by 2025, the Ministry of Commerce said on Friday. China will further strengthen the effect of consumption on economic development in the next five years, the commerce miniStry said in notice outlining ITS domestic trade plan for 2021-2025. (Reporting by Albee…

By Sonali Paul and Florence Tan MELBOURNE (Reuters) -Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world. Brent crude futures fell 3 cents…

By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said on Thursday. The National Highway Traffic Safety Administration (NHTSA) has been discussing another camera…

SHANGHAI (Reuters) – China’s state planner is making a nationwide push to boost the country’s nascent real estate investment trusts (REITs) market, as Beijing seeks to speed up infrastructure investment. The National Development & Reform Commission (NDRC) urged its local bureaus to step up publicity, cut red tape, and improve services, so that more infrastructure…

BEIJING (Reuters) -Chinese telecoms equipment giant Huawei Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined nearly 30% and predicted continued challenges in the New Year. Revenue for the year is expected to be 634 billion yuan ($99.48 billion), rotating chairman Guo Ping said in a New Year letter to employees…