By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky. The director-general from Nigeria said the world had…
By Cynthia Kim and Heekyong Yang SEOUL (Reuters) – South Korean steelmaker POSCO said on Sunday will halt some of its plants in the country due to a lack of space to store finished products, which have not been shipped due to a strike by truckers who are demanding higher pay as fuel prices surge….
By Shilpa Jamkhandikar and Amlan Chakraborty MUMBAI/NEW DELHI (Reuters) -The bidding war for media rights to the Indian Premier League (IPL) will continue on Monday with Disney, Sony and India’s Reliance in contention for what could fetch the Indian cricket board up to $6 billion. The bidding began at 0530 GMT on Sunday for the…
LONDON (Reuters) – Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at the pump hit unprecedented highs. Business Secretary Kwasi Kwarteng said on Sunday the investigation would find out why fuel prices were always…
(Reuters) -It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s restaurants flung open their doors in Moscow under new…
GENEVA (Reuters) -World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky. The director-general from Nigeria said the world had changed since the WTO’s last ministerial…
GENEVA (Reuters) – World Trade Organization director-general Ngozi Okonjo-Iweala urged trade ministers gathering in Geneva to go the extra mile over the coming days and said she would consider one or two global trade deals a success. “Let me be clear, even landing one or two will not be an easy road. The road will…
LONDON (Reuters) -Legislation that Britain will unilaterally bring forward on Monday to scrap some of the rules that govern post-Brexit trade with Northern Ireland will not break international law, minister Brandon Lewis said on Sunday. “The legislation that we will outline tomorrow is within the law; what we are going to do is lawful and…
(Reuters) -McDonald’s restaurants flung open their doors in Moscow once again on Sunday under new Russian ownership and a new name: Vkusno & tochka, which translates as “Tasty and that’s it”. The new dawn for Russia’s fast-food scene will initially see 15 rebranded restaurants open in and around the capital after the U.S. burger giant…
By Alexander Cornwell DUBAI (Reuters) – Saudi Telecom said on Sunday its board had proposed increasing the company’s share capital by 30 billion riyals ($8 billion), or 150%, driving the share price nearly 10% higher. The Riyadh-listed company had earlier announced the proposed capital increase would involve issuing 30 billion new shares, with shareholders offered…
