(Reuters) – Tesla is listing China-made Model 3 and Model Y models for sale in Canada, the company’s website showed on Tuesday, confirming the electric car maker has completed its first shipments to North America from its Shanghai factory. Tesla’s website showed both rear-wheel drive Model Y vehicles and the long-range, all-wheel drive version of…
By Tom Balmforth KYIV (Reuters) – Ukraine’s foreign minister began a tour of African countries this week, stepping up wartime Kyiv’s diplomatic push to challenge Russian influence in the “Global South” and cement the vision laid out by Ukraine as the only path to peace. Top diplomat Dmytro Kuleba said his main priority was to…
By Doyinsola Oladipo and Philip Blenkinsop NEW YORK/BRUSSELS (Reuters) – As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev from a backlash against Bud Light, rival Heineken is spending $100 million to promote a new light beer to Americans. The Dutch brewer sees Heineken Silver driving fresh momentum into its U.S….
By Joe Cash BEIJING (Reuters) -A majority of British companies are taking a “wait and see approach” on new investments in China amid their pessimism hitting record levels, according to the British Chamber of Commerce in China. Increasingly strained geopolitical relationships, a slowing global economy, growing talk of self-sufficiency, and shifting investor perceptions were the…
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in April, higher than forecast, official data showed on Tuesday. Core inflation – which excludes private road transport and accommodation costs – rose 5% year-on-year in April whereas a Reuters poll of economists had forecast a 4.7% increase. Lower inflation for electricity,…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s inflation-adjusted real wages fell the most in eight years in the fiscal year 2022, government data showed on Tuesday, highlighting the pain of inflation eroding consumers’ purchasing power. The yearly data brought home the importance of accelerating wage increases to outpace stubbornly high inflation, which is not the kind…
By Krystal Hu and Manya Saini (Reuters) -SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a private credit strategy that provides debt or debt-like structured financing for late-stage tech startups, people familiar with the matter told Reuters. The fund aims to offer liquidity options to tech startups, including some of SoftBank’s own…
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household credit stood at 1,853.9 trillion won ($1.40 trillion) at the end of March, down 0.7% from December and down 0.5% from a year…
By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea (PNG) will not be used as a base for “war to be launched”, and a defence agreement with the United States prohibited “offensive military operations”, its prime minister said on Tuesday. U.S. Secretary of State Antony Blinken said on Monday a defence cooperation deal signed with…
TOKYO (Reuters) – Japan’s manufacturing activity expanded for the first time in seven months in May, while the service-sector hit record growth, a survey showed on Tuesday, as the post-COVID recovery shored up business conditions. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted 50.8 in May, from…
