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Britain’s finance ministry flags reforms, defends regulators
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UK sanctions Russian media organisations, targeting disinformation
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Shanghai residents rush to stock up as second stage of COVID lockdown looms
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Euro dips amid caution over Ukraine, Norwegian crown plunges
European shares slip as U.S. reserve release plan pressures oil stocks
Date: March 31, 2022
By Susan Mathew (Reuters) – European shares slipped in choppy trade on Thursday, widening a quarterly loss that would be the first in two years, as oil stocks slid on news that the United States was considering tapping into its oil reserves. The pan-European stock index was down 0.1%, as of 0941 GMT, after early...
EU weighs driver data rules, pitting insurers against auto giants
Date: March 31, 2022
By Carolyn Cohn and Huw Jones LONDON (Reuters) – The European Union has launched a public consultation on possible rules to ensure fair access to drivers’ data, pitting the powerful insurance and auto industries against one another in a battle to monetise digital information. The bloc’s executive European Commission said in a call for evidence...
Analysis-Food stamp recipients are the new frontier for Target.com
Date: March 31, 2022
By Arriana McLymore and Siddharth Cavale NEW YORK (Reuters) – Target Corp is preparing to let shoppers use food stamps to pay for online orders, following in the footsteps of Walmart Inc and Amazon.com, in a move that could help the nation’s seventh-largest retailer gain market share among lower-income shoppers. Roughly 21.7 million U.S. households...
Explainer-First global guidelines for company sustainability disclosures
Date: March 31, 2022
By Huw Jones LONDON (Reuters) – The newly created International Sustainability Standards Board (ISSB) has published the first set of global guidelines on corporate sustainability disclosures for public consultation. WHAT IS THE ISSB? It was launched at the United Nations’ COP 26 climate summit in November 2021 following a call from world leaders, investors and...
Giga-casting and robots: How Volkswagen’s Trinity aims to catch up with Tesla
Date: March 31, 2022
By Victoria Waldersee, Jan Schwartz and Nadine Schimroszik BERLIN (Reuters) – As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalising plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will bring it up to speed with its U.S. rival. Tesla...
Shanghai expands COVID lockdown as new daily cases surge by a third
Date: March 30, 2022
By Brenda Goh and Roxanne Liu SHANGHAI (Reuters) -Authorities began locking down some western areas of Shanghai two days ahead of schedule, as new COVID-19 cases in China’s most populous city jumped by a third despite stringent measures already in place to try to stop the virus spreading. Home to 26 million people, China’s financial...