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Top StoriesBiden Arrives in South Korea for Talks With President Yoon
Top StoriesCommerzbank UniCredit Rise Even as Reported M&A Talks Fizzle
Top StoriesStellantis Sees India as Profitable Auto Market Amid Challenges in China, Russia
Top StoriesChina Covid Relief Pushes European Shares up Over 1%
Factbox-COVID-hit Chinese Cities Seek Exit From Painful Lockdown
Date: May 17, 2022
By Roxanne Liu and Ryan Woo (Reuters) – Plans by COVID-hit Chinese cities to exit or avoid lockdown are more fraught and uncertain than ever as the pursuit of zero cases grows more prolonged, taxing and complex, with the highly infectious Omicron variant demanding quicker and tougher steps. The lockdowns have led the World Health...
Britain’s Jd Sports Lifts Profit Estimates, Sales Rise
Date: May 12, 2022
(Reuters) – Britain’s JD Sports Fashion raised its annual profit outlook for 2022 on Thursday as people spent more on athleisure and sportswear, and pointed to upbeat sales data so far this year. The country’s largest sportswear retailer now expects headline profit before tax and exceptional items for the year ended January 29 to be...
Explainer-Finland, Sweden Weigh up Pros and Cons of NATO Membership
Date: May 12, 2022
STOCKHOLM (Reuters) – Russia’s invasion of Ukraine has pushed Finland and Sweden to the verge of applying for NATO membership. Finland, which shares a 1,300-km (810-mile) border with Russia, and Sweden will announce their decisions in the coming days amid warnings from Moscow it could deploy nuclear weapons and hypersonic missiles in the European exclave...
Norway to Ramp up Offshore Wind in Drive to Go Green
Date: May 11, 2022
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support...
Oil Prices Fall, Weighed Down by Dollar, China Lockdowns
Date: May 9, 2022
By Shadia Nasralla LONDON (Reuters) – Oil prices slipped on Monday alongside equities and weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer. Brent crude fell $2.27, or 2%, to $110.12 a barrel by 1222 GMT. U.S. West Texas Intermediate crude...
Malaysia Aims to Regain Palm Oil Market Share in EU Amid Global Shortage
Date: May 6, 2022
KUALA LUMPUR (Reuters) – Malaysia, the world’s second largest palm oil producer, on Friday said it plans to leverage the global edible oil shortage and “political tension in Europe” to regain market share after buyers shunned the commodity over environmental concerns. Palm oil is used to make everything from lipstick to noodles, but top producers...