Turkish budget deficit widens in March after quakes

ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance Ministry said on Monday, while the cumulative deficit for 2023 so far widened to 250 billion lira, mainly due to devastating earthquakes. The primary balance, which excludes interest payments, logged a deficit of 2.15 billion…

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Volkswagen to partner on Indonesia EV battery ecosystem -minister

JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…

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Factbox-Tesla’s Shanghai plant, targeted by worker protest, is key hub for EV maker

(Reuters) – Workers from Tesla’s Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese public after being told over the weekend that a performance bonus had been cut. Here are key facts about Tesla’s operation in Shanghai: BACKGROUND Tesla’s Shanghai plant, which began operations…

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Great shortfall of China: Australia’s biggest tourism market returns with a whimper

(Refiles to add full name, company details in par 16) By Stella Qiu and Byron Kaye SYDNEY (Reuters) – When China ended a lengthy border closure in January, e-commerce marketer Tianni Ren immediately began planning a team building trip for her 14 staff to Australia, hoping to see its stunning pink salt lakes that had…

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