Economic News
- Reuters
By Huw Jones LONDON (Reuters) – Board members at banks have urgent questions to answer about basic risk management following recent turmoil, the head of a global banking standards committee said on Wednesday, but said regulators should not rush into remedial action.
- Reuters
By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and other products that use Arm’s technology can be made in Intel’s factories.
- Reuters
By Stephen Nellis (Reuters) – Nvidia Corp said on Wednesday it is packing one of its mid-range chips for gamers with more artificial intelligence features to improve graphics, underscoring the importance of gaming for the company despite the segment’s slowing revenue.
- Reuters
BELFAST (Reuters) – The leader of Northern Ireland’s Democratic Unionist Party (DUP) said U.S. President Joe Biden’s visit to Northern Ireland will not change his party’s more than year-long boycott of the region’s power-sharing government.
- Reuters
(Reuters) – India’s annual retail inflation for March eased below the central bank’s upper tolerance level for the first time this year, as food prices softened.
- Reuters
BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto said on Wednesday that inflation has decreased, but persistent pressures remain, highlighting that the demand-driven component of inflation in the country remains “relatively strong.”
- Reuters
By Viktoriia Lakezina and Vitalii Hnidyi
- Reuters
ZURICH (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, can not be overturned.
- Reuters
NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on Wednesday.
- Reuters
BEIJING (Reuters) – China wants to start building a lunar base using soil from the moon in five years, Chinese media reported, with the ambitious plan kicking off as soon as this decade.
- Reuters
BELFAST (Reuters) – U.S. President Joe Biden said on Wednesday a deal between Britain and the European Union to simplify post-Brexit trade rules would lead to significant investment in Northern Ireland from “scores” of major U.S. companies.
- Reuters
By Elena Fabrichnaya and Alexander Marrow
- Reuters
By Krystal Hu (Reuters) – Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc, Coatue Management and Sequoia Capital, its chief executive told Reuters.
- Reuters
By Andrea Shalal WASHINGTON (Reuters) – Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world’s two largest economies, the International Monetary Fund’s top fiscal expert said on Wednesday.
- Reuters
DUBAI (Reuters) – An Iranian technical delegation arrived in Saudi Arabia on Wednesday to prepare for the reopening of Tehran’s embassy there, Iran’s Foreign Ministry said, under a deal to re-establish ties.
- Reuters
LONDON (Reuters) – Britain on Wednesday sanctioned individuals and companies who it accused of acting as “financial fixers” for Russian oligarchs Roman Abramovich and Alisher Usmanov.
- Reuters
BERLIN (Reuters) – The German government on Wednesday watered down plans to legalise cannabis, presenting legislation that would allow private cultivation and distribution through non-profit groups but not widespread sales of the drug in shops.
- Reuters
MANILA (Reuters) – The Philippines will pursue its appeal questioning the International Criminal Court’s (ICC) jurisdiction and authority to investigate killings during former President Rodrigo Duterte’s ‘war on drugs’, its top lawyer said on Wednesday.
- Reuters
By Mohammad Yunus Yawar KABUL (Reuters) – Defence has received the largest share of funds in Afghanistan’s budget as the Taliban government aims to boost forces by a third and build anti-aircraft missile capacity, the army chief told Reuters in a rare interview to foreign media.
- Reuters
By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday.