U.S. accuses five firms in China of supporting Russia’s military

Smoke rises over the remains of a building destroyed by a military strike, as Russia’s attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo Register now for FREE unlimited access to Reuters.com register WASHINGTON, June 28 (Reuters) – US President Joe Biden’s administration added five companies in China to … Read more

Africa’s dream of feeding China hits hard reality

China aims to boost trade with Africa to help cut deficits African agricultural producers pushing for access to China Even with trade deals, protracted approvals hinder exports THIKA, Kenya, June 28 (Reuters) – Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers reveals in … Read more

China slashes COVID quarantine time for international travellers

BEIJING/SHANGHAI, June 28 (Reuters) – China slashed the quarantine time for inbound travelers by half on Tuesday, in a major easing of COVID-19 curbs that have deterred cross-border travel and resulted in international flights running at just 2% of pre-pandemic levels. Quarantine at centralized facilities has been cut to seven days from 14, and subsequent … Read more

Iran applies to join China and Russia in BRICS club

Iran applies to join BRICS Russia says West is failing Argentina also applied to join BRICS – Russia DUBAI/LONDON, June 28 (Reuters) – Iran, which holds the world’s second largest gas reserves, has applied to join the BRICS group of Brazil, Russia, India, China and South Africa that Beijing and Moscow cast as a powerful … Read more

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global … Read more

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO summit over three days in Madrid; Biden to attend Turkey’s veto over Sweden, Finland application a big issue NATO to agree new defenses for Baltic region Aid package to Ukraine aims for longer-term support MADRID, June 27 (Reuters) – NATO leaders will urge Turkish President Tayyip Erdogan to lift his veto over Finland and … Read more

China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in … Read more

U.S. aims to raise $200 billion as part of G7 rival to China’s Belt & Road

US President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS Register now for FREE unlimited access to Reuters.com register WASHINGTON, June 26 (Reuters) – The United States aims to raise $200 … Read more

COVID-19 vaccine scheme for world’s poorest pushes for delivery slowdown

Vials with Pfizer-BioNTech and Moderna coronavirus (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register LONDON, June 22 (Reuters) – Leaders of the global scheme aiming to get COVID-19 vaccines to the world’s poorest are pushing manufacturers including Pfizer … Read more