The European Union plans to spend 300 billion euros on global infrastructure to compete with China

The European Union wants to mobilize up to €300 billion in infrastructure spending and other projects for the Global Gateway Plan to respond to China’s influential Belt and Road Initiative. The European Commission’s draft proposals, seen by the Financial Times, suggest that the EU’s ambitions will rely heavily on increased private sector spending as well… Continue reading The European Union plans to spend 300 billion euros on global infrastructure to compete with China

Analysis – Swiss franc rises to six-year high as central bank slips By Reuters

© Reuters. FILE PHOTO: A sign on the Swiss National Bank (SNB) in Berne, Switzerland, October 11, 2021. REUTERS/Denis Balibouse By John Revell ZURICH (Reuters) – The Swiss National Bank is no longer standing in the way of the franc’s appreciation, according to data published on Monday, in a striking change in light of the… Continue reading Analysis – Swiss franc rises to six-year high as central bank slips By Reuters

WHO warns of ‘extremely high’ risk of new variant of coronavirus, Omicron

The World Health Organization has warned that the global risk from a new variant of the Omicron virus is “extremely high”, as Japan moved to ban foreign visitors in an effort to curb the spread of the highly mutated strain. Summarizing its preliminary findings about the strain first discovered in South Africa, the health authority… Continue reading WHO warns of ‘extremely high’ risk of new variant of coronavirus, Omicron

Reuters arrested Macau casino shares amid arrests

© Reuters. FILE PHOTO: The Suncity Group’s logo for Macau’s junkyard operator appears at a game fair in Macau, China, November 18, 2015. REUTERS / Bobby Yip // File Photo Written by Eduardo Baptista and Annemarie Rontree HONG KONG (Reuters) – Shares of Macau casinos tumbled on Monday, dragged down by the arrest of 11… Continue reading Reuters arrested Macau casino shares amid arrests

Telecom Italia: Will Council Renewal Solve Changes Help Loop?

Luigi Gobitossi pledged to make Telecom Italia a “normal company” capable of implementing his recovery plan when in 2018 he became its fifth CEO in six years. Instead, his three-year anniversary was marked by his resignation, having failed to live up to that simple ambition and a week of drama after the Italian telecoms group… Continue reading Telecom Italia: Will Council Renewal Solve Changes Help Loop?

Oil rises to $76 on speculation of Omicron drop, surpassed by Reuters

© Reuters. FILE PHOTO: A poster reads crude oil on the side of a tank in the Permian Basin in Menton, Loving County, Texas, United States, November 22, 2019. REUTERS/Angus Mordant By Alex Lawler LONDON (Reuters) – Oil rebounded about 5% on Monday to $76 a barrel, as some investors considered the decline in oil… Continue reading Oil rises to $76 on speculation of Omicron drop, surpassed by Reuters

European shares rose after selling triggered by variable Omicron

European shares advanced on Monday after last weekend’s sell-off triggered by the coronavirus variable Omicron, as investors settled into a prolonged period of uncertainty about the pandemic. The European Stoxx 600 Index rose 1.1 percent in early trading, recovering from a drop of more than 3.5 percent on Friday. London’s FTSE 100, Germany’s DAX and… Continue reading European shares rose after selling triggered by variable Omicron

Nissan to spend $17.6 billion over 5 years on electricity payment – Reuters

2/2 © Reuters. FILE PHOTO: The Nissan Motor logo is displayed during a press preview of the all-new Ariya SUV at the Nissan stand in Yokohama, south of Tokyo, Japan, July 14, 2020. REUTERS/Issa Kato 2/2 Written by Tim Kelly TOKYO (Reuters) – Nissan (OTC: Motor Co.) said it will spend 2 trillion yen ($17.59… Continue reading Nissan to spend $17.6 billion over 5 years on electricity payment – Reuters

Latest News Update: Japan Reimposes Ban on Foreign Visitors Over Omicron Variant Concerns

Japan will ban foreign nationals from entering the country, reflecting a three-week easing of its rules, as Tokyo responds to the emergence of the Omicron variant. Prime Minister Fumio Kishida on Monday announced the decision, which will go into effect at midnight on Tuesday. “We are dealing with the alternative Omicron with a strong sense… Continue reading Latest News Update: Japan Reimposes Ban on Foreign Visitors Over Omicron Variant Concerns

Nuclear talks resume as West questions whether Iran is serious or faltering By Reuters

© Reuters. FILE PHOTO: The Iranian flag flutters in front of the International Atomic Energy Agency headquarters in Vienna, Austria on May 23, 2021. REUTERS/Leonard Voyager // FILE PHOTO Written by François Murphy and Parisa Hafezi VIENNA (Reuters) – World powers and Iran meet in Vienna on Monday to try to salvage their 2015 nuclear… Continue reading Nuclear talks resume as West questions whether Iran is serious or faltering By Reuters

A worrying new strain shows that the virus has not been defeated

Two years after its appearance in Wuhan, the Corona virus has not lost its ability to cause bad shocks. The worrisome Omicron variant is showing signs that it may be more transmissible than the highly contagious Delta strain, and able to evade vaccines. If so, it threatens to deal a serious setback to efforts made… Continue reading A worrying new strain shows that the virus has not been defeated

Factory activity in China in November likely contracted at a slower pace

BEIJING (Reuters) – Factory activity in China is likely to contract at a slower pace in November as supply difficulties and power outages ease, but persistent weakness in the manufacturing sector points to a further slowdown in the economy, a Reuters poll showed. The official manufacturing purchasing manager’s index (PMI) is expected to rise to… Continue reading Factory activity in China in November likely contracted at a slower pace

Rising LVMH designer Virgil Abloh dies of cancer at the age of 41

Virgil Abloh, the American designer known for introducing streetwear into luxury fashion and a rising star of the LVMH group, has died of cancer at the age of 41, the company said on Sunday. Abloh, who has designed menswear for the Louis Vuitton brand since 2018 and infused lines with a mix of sportswear and… Continue reading Rising LVMH designer Virgil Abloh dies of cancer at the age of 41

Amazon asks India’s antitrust watchdog to revoke approval of Reliance Future deal By Reuters

2/2 © Reuters. FILE PHOTO: People shop for clothes inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. (Reuters) / Niharika Kulkarni / File Photo 2/2 By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Amazon has asked India’s antitrust watchdog to revoke its approval of Future Retail’s $3.4 billion sale… Continue reading Amazon asks India’s antitrust watchdog to revoke approval of Reliance Future deal By Reuters

South Korean presidential candidate plays down reunification with North

South Korea’s ruling party candidate for president has played down the prospect of future reunification of the Korean peninsula, as the country’s voters tire of decades of fruitless diplomacy with North Korea. Lee Jae-myung of the Democratic Progressive Party, whose official statement includes a commitment to “seeking unification through peaceful measures,” told reporters Thursday that… Continue reading South Korean presidential candidate plays down reunification with North