By Melanie Burton MELBOURNE (Reuters) – Automakers and other consumers of critical minerals should invest in Australia’s materials processing industry to secure ethical long-term supply that can weather geopolitical disruptions, the Australian resources minister said on Tuesday. One of the world’s biggest suppliers of raw minerals, Australia unfurled a landmark strategy on Tuesday that outlines…
(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The global bank now forecasts China’s gross domestic product (GDP) to grow at 5.3% in 2023, from 6.3% expected earlier. Last week, brokerages including J.P. Morgan and BofA Global Research…
(Reuters) – Qantas and Airbus have finalised an incremental order for nine Airbus A220-300s aircraft, the companies said at the Le Bourget air show in Paris on Tuesday. Qantas had said it planned to order additional A220s in February this year. (Reporting by Pierre John Felcenloben in Gdansk; Editing by Milla Nissi)
By Kate Holton OXFORD, England (Reuters) – For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home. Not far away in the rival academic centre of Cambridge, biochemist Catherine…
By Tom Balmforth NEAR KYIV, Ukraine (Reuters) – At a glance on a clear summer’s afternoon, the U.S.-made Avenger air defence system is barely visible in the shadow of trees at the end of a dirt track outside Kyiv. The short-range unit is an important part of a three-layered air defence network that Ukraine is…
(Reuters) -Australia’s largest private health insurer Medibank Private on Tuesday said a file containing names and contact details of staff members had been compromised after its property manager faced a cybersecurity breach. The incident comes at a time when Medibank is dealing with the fallout of a cyber incident it faced in October, where data…
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their…
BEIJING (Reuters) – Electric-vehicle (EV) startup Fisker is set to open its first delivery centre in China’s financial hub Shanghai this year, Fisker’s China board member Daniel Foa was quoted as saying by Chinese media outlet Yicai on Tuesday. Meanwhile, Fisker will start delivering its first mass-produced SUV model, the Fisker Ocean, in the first…
By Lucy Craymer WELLINGTON (Reuters) – A man wielding an axe entered three Chinese restaurants on Monday night in New Zealand’s largest city Auckland, sending four people to hospital, authorities and local media reported. One victim was discharged and three remain in stable condition, North Shore and Auckland hospital spokespeople said on Tuesday. Local media…
(Reuters) -Indian Prime Minister Narendra Modi has said that India’s stance on Russia in the Ukraine conflict has not faced widespread criticism in the United States. Asked in an interview with the Wall Street Journal about critical comments in the U.S. for not taking a more forceful stance against Russia’s invasion of Ukraine, Modi said:…
