EU may struggle to catch up with U.S., Asia in chips subsidies race
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies…
Asia
Raytheon, Lockheed executives banned from China
BEIJING (Reuters) – China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working,…
Putin visits two regions in Ukraine, Russia presses assault on Bakhmut
By Dan Peleschuk and Guy Faulconbridge KYIV/MOSCOW (Reuters) – Russian President Vladimir Putin has met his commanders in two regions…
Volkswagen to launch 1-billion euro electric vehicle R&D, procurement centre in China
BERLIN/SHANGHAI (Reuters) – Volkswagen is investing around 1 billion euros ($1.10 billion) in a new development and procurement centre for…
HSBC top shareholder renews call for breaking up of bank
HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday,…
China’s economy gathers speed, global risks raise challenges to outlook
By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew at a faster-than-expected pace in the first quarter,…
Thai central bank sees average headline inflation at 2.6% over next 12 months
BANGKOK (Reuters) – Thailand’s central bank expects average headline inflation at 2.6% over the next 12 months, within its target…
Nissan aims for 80% of model line-up to be electrified by 2030 – exec
TOKYO (Reuters) – Japanese automaker Nissan Motor aims to have seven electrified vehicle models by 2026 and 80% of its…
Alphabet shares fall on report Samsung may dump Google Search for Bing
(Reuters) -Alphabet Inc shares fell as much as 4% on Monday following a report South Korea’s Samsung Electronics was considering…
Marketmind: Global pulse picks up, rates creep higher again
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead,…