Global
By Linda Pasquini and Agata Rybska (Reuters) – Japan’s Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which would see the company go private and allow it to continue operating under current management. Many global…
Two subsea data cables in the Baltic Sea were damaged this week.”Nobody believes that these cables were cut accidentally,” said the German defense minister.Cables around the world are vulnerable to sabotage, and the consequences can be severe.Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected…
By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar and bond yields held near multi-month peaks on Monday on expectations the Federal Reserve would slow its pace of easing, while global shares were mostly lower, with investors waiting for Nvidia (NASDAQ:)’s earnings release later in the week. U.S.…
By Nichola Groom and Nina Chestney (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere, marking a setback for efforts to…
By Ashwin Manikandan and Haripriya Suresh MUMBAI (Reuters) – India’s central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank…
By Lisandra Paraguassu and Anthony Boadle RIO DE JANEIRO (Reuters) – Leaders of the Group of 20 major economies were set to meet on Monday in Brazil for their annual summit, bracing for a shift in the global order with the return to power of U.S. president-elect Donald Trump. Discussions…
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro…
By Virginia Furness and Kate Abnett BAKU (Reuters) – Countries at the two-week COP29 climate summit gave the go-ahead on Monday to carbon credit quality standards which are critical to launching a U.N.-backed global carbon market that would fund projects that reduce greenhouse gas emissions. The green light was an…
Trump’s tariff threats may boost Chinese exports as importers rush to beat tariffs.Trump’s proposed tariffs could lead to increased global manufacturing activity temporarily.Asian countries may face negative export growth if the US targets trade deficits with tariffs. US President-elect Donald Trump may be good for China’s export business — at…
By Lewis (JO:) Krauskopf, Suzanne McGee NEW YORK (Reuters) -Global investors were on edge as voting in the U.S. election entered its final stretch on Tuesday, drawing to a close a dramatic campaign that has moved bonds, stocks and other assets in recent months and could further sway markets as…
