China’s central bank has ramped up its gold reserves for the 15th consecutive month, highlighting a bold strategy to diversify assets amid persistent global economic uncertainties, Reuters reports
Browsing: Reuters
Stellantis-backed ACC has abruptly abandoned its plans to build gigafactories in Italy and Germany, union sources reveal. This surprising decision throws the future of European battery production into doubt amid fierce industry competition
Russia has just expelled a German diplomat, accusing Berlin of stirring up a frenzy of “spy mania.” This striking action intensifies the growing divide between the two countries, ramping up diplomatic tensions to new heights, Reuters reports
LG Energy Solution is gearing up to buy Stellantis’ share in their Canadian joint venture for $100, marking a bold strategic shift as electric vehicle demand cools, Reuters reports
Former Bank of China Vice President Lin Jingzhen has been expelled from the Communist Party, Xinhua reported. This stunning move follows grave disciplinary violations, marking a significant upheaval in the banking industry
Blackstone has won approval from India’s central bank to acquire a stake in Federal Bank, marking a significant milestone for private equity’s expanding influence in India’s banking sector, Reuters reports
France is gearing up to spotlight foreign exchange volatility at the upcoming G7 meeting, announces Lescure. This bold initiative seeks to tackle the challenges of global currency swings that threaten economic stability, Reuters reports
Zurich Insurance has surged ahead of UK rival Beazley with a compelling $11 billion bid to acquire the company, Reuters reports, marking a bold move that could reshape the fiercely competitive insurance landscape
Argentina is poised to become a major destination for U.S. deportations, insiders tell the New York Times. Ongoing discussions seek to streamline repatriation procedures amid ramped-up immigration enforcement efforts
As Valentine’s Day dawns amidst grueling training sessions, Italian athletes expertly juggle the flames of romance with their relentless pursuit of medals. Amid intense routines and fierce competition, they strive to keep their relationships vibrant and thriving amid the heat of the challenge
Germany’s manufacturing sector is making a strong comeback, with the latest PMI soaring past the vital 50 mark-signaling exciting growth ahead. Despite ongoing global supply challenges, analysts remain cautiously hopeful about what the future holds
Japan’s PM candidate Takaichi now faces a crucial test: convincing bond investors amid rising market concerns, Reuters reports. Her economic strategies will play a key role in building trust at home and abroad, paving the way for her to win voter backing
OPEC+ is reaching its breaking point as global oil markets react sharply to powerful forces beyond its control: former U.S. President Donald Trump’s policies and the unpredictable swings in Chinese import demand, Reuters reports
India’s latest budget boldly sparks a new era for domestic manufacturing amid global economic challenges. Brimming with powerful incentives and strong policy backing, the government is poised to boost self-reliance and attract major investments into key industries
Two high-speed trains collided in Spain, leading to the heartbreaking loss of 21 lives and injuring dozens more. Emergency teams sprang into action on the busy rail line, working around the clock to rescue and aid survivors. Authorities have launched a comprehensive investigation to determine the cause of this tragic disaster
Motherson Sumi Wiring India’s quarterly profit soared, driven by strong demand in the auto sector. This remarkable achievement showcases the company’s ability to thrive amid market challenges, Reuters reports
UK business confidence is faltering as growing concerns about the broader economic outlook take center stage, Reuters reports. Companies highlight inflation and Brexit uncertainties as key challenges dampening optimism across various industries
India’s NMDC is on an exciting quest to tap into coal reserves in Canada, aiming to supercharge its steel production, the minister announced. This bold move is designed to lock in essential raw materials and power the country’s soaring steel demand, Reuters reports
German President Steinmeier delivered a sharp rebuke to the United States, accusing it of undermining the very foundations of the global order. He warned that Washington’s actions threaten international stability and cooperation, urgently calling for a renewed dedication to multilateralism
Italy has unveiled an ambitious security plan for the Milano Cortina 2026 Winter Olympics. According to Reuters, US ICE personnel will not be stationed on-site during the games, emphasizing a cooperative yet autonomous strategy to ensure safety