Analysis: Russia prepares to sixteen western firms looking to leave

Analysis: Russia prepares to sixteen western firms looking to leave

Moscow eyes sweeping powers to shield jobs, local industry Exodus of western companies, sanctions roils Russia New laws would allow seizure of firms May 26 (Reuters) – Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion … Read more

Japan to resume tourism in June; only packaged tour for now

Japan to resume tourism in June;  only packaged tour for now

TOKYO (AP) — Japan will open its borders to foreign tourists in June for the first time since imposing tight pandemic travel restrictions about two years ago, but only for package tours for now, the prime minister said Thursday. Beginning June 10, Japan will allow the entry of people on tours with fixed schedules and … Read more

Hong Kong seeks to revive global banking status with major summit

Hong Kong seeks to revive global banking status with major summit

A general view of Two International Finance Center (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 27 (Reuters) – Hong Kong’s central bank plans to hold a major conference in November it hopes will … Read more

Nippon Steel sees seamless pipe business back in profit thanks to increased gas drilling

Nippon Steel sees seamless pipe business back in profit thanks to increased gas drilling

TOKYO, May 27 (Reuters) – Nippon Steel Corp (5401.T), the world’s No.5 steelmaker, expects its seamless pipe business will return to a profit this year from a loss last year as gas drilling activity is on the rise to meet higher demand for non-Russian fuel. “We are getting an increasing number of inquiries for seamless … Read more

Chinese tech firms forced into ‘blood listings’ as capital dries up

Chinese tech firms forced into 'blood listings' as capital dries up

A security guard stands at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 3, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 26 (Reuters) – A growing number of Chinese tech … Read more

EXCLUSIVE Neumann-backed climate tech venture Flowcarbon raises $70 mln

EXCLUSIVE Neumann-backed climate tech venture Flowcarbon raises $70 mln

An aerial view shows mangrove trees, in Pongara National Park, Gabon, October 15, 2021. REUTERS/Christophe Van Der Perre Register now for FREE unlimited access to Reuters.com Register Building infrastructure for voluntary carbon markets Blockchain tech helps developers get cheaper financing $32 mln raised in fresh equity, $38 mln through token sale LONDON, May 24 (Reuters) … Read more

Australia business investment dips in Q1, outlook sharply upgraded

Australia business investment dips in Q1, outlook sharply upgraded

Construction workers go about their day near scaffolding at a construction site in central Sydney, Australia, September 11, 2018. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 26 (Reuters) – Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted … Read more

Ford to pay US states $19.2 million over false advertising claims

Ford to pay US states $19.2 million over false advertising claims

WASHINGTON, May 24 (Reuters) – Ford Motor Co (FN) will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity for some hybrids and pickup trucks, the Iowa Attorney General’s Office said Tuesday. The multi-state settlement covers 2013–2014 C-Max hybrids and 2011–2014 Super Duty pickups. In 2013, Ford lowered the … Read more

Moscow not sure it needs resumed ties with West, will work on ties with China -Lavrov

Moscow not sure it needs resumed ties with West, will work on ties with China -Lavrov

Russian Foreign Minister Sergei Lavrov attends a news conference with Mali’s Minister of Foreign Affairs and International Cooperation Abdoulaye Diop (not pictured), in Moscow, Russia May 20, 2022. Yuri Kadobnov/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Russia’s foreign minister said on Monday that Moscow would consider … Read more