China’s new rules on COVID are causing concern as some cities have suspended routine testing

Regular COVID testing is no longer required in many cities China eased various virus restrictions last Friday Communities worried about the spread of the virus under relaxed rules Major cities including Beijing reported record cases on November 13 BEIJING, November 14 (Reuters) – Several Chinese cities began halting routine COVID-19 testing on Monday, days after … Read more

Stocks and Bonds Delayed As Fed Urges Caution

Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden meets Chinese President at G20 meeting Limited repercussions for other assets on the collapse of FTX LONDON (Reuters) – Stocks stabilized and bond yields remained close to multi-year highs on Monday after a top US central … Read more

Ukraine’s Kherson races to restore energy and water after Russia’s withdrawal

The main infrastructure in Kherson was mined by the Russian ruler The humanitarian situation in Kherson is “extremely difficult” – official Authorities are working to restore vital services Fighting rages in eastern Donetsk, Luhansk regions Kherson, Ukraine (Reuters) – Public utility companies in Kherson are working to restore vital infrastructure that has been scrapped by … Read more

Britain froze Russian assets worth 18 billion pounds

Russia bypasses Libya and Iran as prime target of UK sanctions The UK says sanctions are hurting Russia’s military Russia uses chips in kitchen utensils for cabinets The UK government has reported 236 sanctions violations LONDON (Reuters) – The British government said on Thursday it had frozen more than 18 billion pounds ($20.5 billion) in … Read more

Stocks fall, dollar stabilizes ahead of US inflation data

SYDNEY/LONDON (Reuters) – Stock markets fell on Thursday and the dollar held overnight gains ahead of US inflation data that will weigh on the Federal Reserve’s rate plans, while the potential collapse of a major cryptocurrency exchange worried investors. European STOXX 600 Index (.stoxx) The broadest index in Asia fell 0.4% outside Japan (MIAPJ0000PUS.) It … Read more

Exclusive: China cancels EU leader’s video speech at opening of major trade fair

BEIJING/BRUSSELS (Reuters) – The Chinese authorities behind a major trade fair in Shanghai have withdrawn an opening speech by the president of the European Council that was due to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the European Union’s trade dependency with China. Diplomats said. Three European diplomats told Reuters … Read more

China trade unexpectedly shrinks as coronavirus curbs and global demand slows

October China’s exports and imports unexpectedly shrink Weak data is another blow to the faltering economy Global recession risks, curbing COVID in China darkens expectations Analysts expect further weakness in exports and imports BEIJING (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous decline since May 2020, as a perfect storm … Read more

Twitter temporarily closes offices as layoffs begin

Employees have to hear by 1600 GMT whether they will be laid off Musk looks to cut about half of the workforce – internal plans Employees file a class action lawsuit against Twitter Nov 4 (Reuters) – Twitter Inc temporarily closed its offices Friday after telling employees that they will be notified by email later … Read more

Russia says it is resuming its participation in Ukraine’s grain deal

Turkey says the grain deal will resume at noon on Wednesday Russia says it has received guarantees from Ukraine ANKARA/Mykolaiv, Ukraine (Reuters) – Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after it was suspended at the weekend, in a move that … Read more

Brazil’s Bolsonaro does not concede to Lula, but authorizes the transfer

BRASILIA/SAO PAULO (Reuters) – Brazilian President Jair Bolsonaro did not concede defeat on Tuesday in his first public comments since losing Sunday’s election, saying protests by his supporters were the result of “indignation and a sense of injustice” over a vote. However, he stopped short of contesting the election result and authorized his chief of … Read more