(Reuters) – Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz’s three-way coalition over how much to toughen Berlin’s stance. Following are highlights of the paper and statements by German leaders. GERMANY’S ASSESSMENT OF CHINA * China is trying to create economic and technological dependencies in order to…
(Reuters) – Cineworld Group said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month. The group, which filed for U.S. bankruptcy protection in September, said lenders had agreed to appoint Acuna as CEO of the newly…
LONDON (Reuters) – Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in December, a prominent grocery industry researcher said on Thursday. In its latest report, the Institute of Grocery Distribution (IGD), whose forecasts on UK food inflation have proved to be broadly accurate, cautioned it…
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector. The contracts will apply to 3 million workers on the platform across 11,000 delivery stations in…
By William Schomberg LONDON (Reuters) -Britain’s public debt could surge to more than 300% of annual economic output by the 2070s, up from about 100% now, and the government is not taking measures to make big changes in the short term, the government’s budget forecasters said. The Office for Budget Responsibility said challenges from an…
(Reuters) – Virgin Galactic Holdings said on Thursday that the space tourism startup will launch its second commercial flight in a window that opens next month after a successful first flight in June. The firm is among the few U.S.-based space companies, along with Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, to cater to…
(Reuters) -Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week, a move that showed why the Elon Musk-owned social network recently placed daily limits on the number of tweets a user could read. The complaint by Musk’s X Corp, which owns Twitter, alleged that the entities indulged in…
BEIJING/SHANGHAI (Reuters) – Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs to try to revive its fortunes after sharp sales declines for sport utility vehicles (SUV) such as the Outlander. State-owned automaker GAC said in a statement the venture would look to “optimise” its employment…
By Ange Aboa ABOISSO, Ivory Coast (Reuters) – Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world’s top cocoa-producing nation in recent weeks, the head of the country’s cocoa sector regulator told Reuters. With cocoa prices currently at record levels due…
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for the renewable energy revolution, with steps such as cuts in energy costs, speeded-up permit approvals and other incentives. Beginning in 2024, mining royalties…
