EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

As Beijing battles outbreak, China warns ‘zero COVID’ doubters

Beijing residents nervous as daily COVID cases not dropping Chinese authorities vow to fight critics of ‘zero COVID’ Non-essential services close to Beijing’s biggest district Official in locked down Shanghai says city cannot slack off BEIJING / SHANGHAI, May 6 (Reuters) – Beijing residents fretted on Friday over tightening COVID curbs in its biggest district … Read more

Beijing nervously returns to work as China doubles down on ‘zero-COVID’ policy

Residents in Beijing return to work after muted holiday More evidence emerging of painful economic damage China will fight criticism of COVID response – state TV Confusion over curbs in locked-down Shanghai BEIJING / SHANGHAI, May 5 (Reuters) – Beijing residents tentatively returned to work on Thursday after a muted five-day Labor Day holiday devoid … Read more

BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS / Toby Melville Register now for FREE unlimited access to Reuters.com Register Central bank sees … Read more

Russia unleashes rockets after Mariupol ceasefire, EU eyes oil sanctions

Russian rockets pound parts of eastern and southern Ukraine Western powers pledge heavier weapons to boost Ukraine defenses ‘This is Ukraine’s finest hour,’ UK’s Johnson says, echoing Churchill ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russia launched an assault on the encircled Azovstal steel works in Mariupol, Ukraine’s last redoubt in the port city, after a … Read more

US manufacturing activity slowest in more than 1-1 / 2 years as workers quit

An employee works on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, US April 11, 2022. Picture taken April 11, 2022. REUTERS / Kamil Krzaczynski Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls to 55.4 in March Manufacturers report increase in workers quitting Mixed signals … Read more

US consumers shrug off high inflation, lean on savings to boost spending

Shoppers browse in a supermarket in north St. Louis, Missouri, US April 4, 2020. REUTERS / Lawrence Bryant / File Photo Register now for FREE unlimited access to Reuters.com Register Consumer spending increases 1.1% in March PCE price index jumps 0.9%; up 6.6% year-on-year Core PCE gains 0.3%; increases 5.2% year-on-year Employment cost index surges … Read more

Shanghai marks key COVID milestone, Beijing sits on edge

Shanghai records no COVID cases outside quarantine areas Beijing on tenterhooks, bracing for more restrictions Breakthrough would mark victory for Xi in crucial year Infections ease as China starts Labor Day holiday SHANGHAI / BEIJING, April 30 (Reuters) – Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking … Read more

China signals easing of tech squeeze in bid to lift economy

People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, April 29 (Reuters) – China signaled an easing of its crackdown on … Read more

‘Entry only. No exit: ‘Beijing sees more COVID closures as anger grows in Shanghai

Beijing closes more gyms, malls, cinemas to contain outbreak Delivery companies work overtime to supply residents “The virus is what’s hurting the economy” – health official BEIJING / SHANGHAI, April 29 (Reuters) – China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, … Read more