Explainer: why the US Inflation Reduction Act is gripping Europe

PARIS, Dec. 5 (Reuters) – Top European Union officials will use a trade meeting with US counterparts on Monday to raise concerns about Washington’s massive new green energy subsidy package. While EU countries welcome the new commitment to the energy transition, they fear the $430 billion Inflation Reduction Act (IRA) will put their companies at … Read more

Exclusive: The US and Russia have used their military hotline once so far during the war in Ukraine

WASHINGTON, Nov 28 (Reuters) – A communication line between the militaries of the United States and Russia at the start of Moscow’s war against Ukraine has so far been used only once, a US official told Reuters. The official, who spoke on condition of anonymity, said the United States has issued a call through the … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

Exclusive: South Korea’s Yoon Warns of Unprecedented Response to North Korea Nuclear Test, Calls on China to Do More

SEOUL, Nov 29 (Reuters) – South Korean President Yoon Suk-yeol warned of an unprecedented concerted response with allies if North Korea goes ahead with a nuclear test, and urged China to restrain the north from continuing the banned development of nuclear weapons and missiles. . In an extensive interview with Reuters on Monday, Yoon called … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more

Explainer: Who is the King of Malaysia and why does he choose the Prime Minister?

KUALA LUMPUR, Nov 22 (Reuters) – Malaysia’s King Al-Sultan Abdullah Sultan Ahmad Shah stands in the spotlight as he ponders who will be the country’s next prime minister after an election saw no party win a majority in parliament and the coalition had. calls failed. Al-Sultan Abdullah said on Tuesday he would decide “soon” between … Read more

Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has held up in China during three years of severe COVID-19 restrictions. But just as excitement in global financial markets mounts that the world’s second-largest economy can finally emerge from its isolation next year, the two pack their … Read more

Younger Chinese reject factory jobs that drive the economy

SHENZHEN, Nov 21 (Reuters) – Growing up in a Chinese village, Julian Zhu saw his father only a few times a year when he returned for vacation from his exhausting job at a textile factory in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zhu, and … Read more

Big Tech layoffs are dystopian fiction in the job market

NEW YORK, Nov 18 (Reuters Breakingviews) – Layoffs at tech giants including Twitter, Amazon.com (AMZN.O) and Meta Platforms (META.O) mark the first large-scale job loss since the start of 2020. After years of falling US unemployment, it may seem as if Silicon Valley is the beginning of a dystopian future for workers. Still, chances are … Read more

France, Germany, Spain agree to continue development of FCAS combat aircraft – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have agreed to start the next phase of development of a new fighter jet called FCAS, Europe’s largest defense project with an estimated cost of more than 100 billion euros ($103.4 billion). ), the German government said on Friday. The defense ministry said in a statement … Read more