By Alexander Marrow (Reuters) – After months of negotiations, Finland’s Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again. The government in December demanded that companies leaving Russia sell their operations for at least half price and claimed…
By Josh Smith SEOUL (Reuters) – North Korea’s latest space launcher appears to be a new design and most likely uses engines developed for the nuclear-armed country’s intercontinental ballistic missiles (ICBM), analysts said on Thursday. The rocket, dubbed the Chollima-1, failed during its first launch attempt on Wednesday. It lifted off successfully but its second…
By Hyunsu Yim and Soo-hyang Choi SEOUL (Reuters) – North Korea’s Kim Yo Jong, leader Kim Jong Un’s sister, said her country would soon put a military spy satellite into orbit and promised Pyongyang would increase its military surveillance capabilities, state media KCNA reported on Thursday. The remarks by Kim, a powerful ruling party official,…
By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been…
By Tim Kelly TOKYO (Reuters) -U.S. Defense Secretary Lloyd Austin said on Thursday it was “unfortunate” his Chinese counterpart had declined to meet him at an upcoming security forum because they needed to communicate to stop dangerous encounters between military aircraft. On Tuesday, the U.S. said a Chinese fighter jet carried out an “unnecessarily aggressive”…
By Munsif Vengattil, Aditya Kalra and Jane Lanhee Lee NEW DELHI/OAKLAND, California (Reuters) -Big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions. A planned $3 billion semiconductor facility in…
By Anant Chandak BENGALURU (Reuters) – India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea…
By Laurie Chen BEIJING (Reuters) – Applied maths graduate Liang Huaxiao tried to land a job with one of China’s tech giants for two years. Then she tried customer service and sales. Then she applied for assistant roles in a bakery and in a beauty parlour. Like a rising number of her highly educated peers,…
WASHINGTON (Reuters) – A majority of the U.S. House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government’s $31.4 trillion debt ceiling, just five days before the deadline to avoid a crippling default. Voting continued on the legislation, which must also be approved by the Democratic-majority Senate before President Joe…
By James Oliphant COUNCIL BLUFFS, Iowa (Reuters) – For Florida Governor Ron DeSantis, campaigning for president in Iowa meant coming to a place like the Grass Wagon, a no-frills, dimly lit reception hall where about 300 people on Wednesday awaited him, more curious voters than ardent supporters. DeSantis was on the second day of his…
