Economic News

BERLIN (Reuters) – Europe must not turn a blind eye to the tensions between China and Taiwan because a military escalation in the region would be a “worst-case scenario” for the global economy, German Foreign Minister Annalena Baerbock said on Thursday.

By Jarrett Renshaw and Andrea Shalal WASHINGTON (Reuters) – When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from his declaration that there would be “consequences” for

(Reuters) – There has been a little spillover from the banking stress in the U.S. and Europe in Canada, but it has been quite limited, Bank of Canada Governor Tiff Macklem said on Thursday, adding that there was a need to actively monitor risks to financial

By Gleb Stolyarov and Alexander Marrow (Reuters) – A Russian court has ruled against freezing Volkswagen’s assets in Russia, stating there were no grounds to suggest the carmaker would try to dodge financial obligations arising from two lawsuits brought by Russian carmaker GAZ.

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s government on Thursday rejected a panel set up and headed by the chief justice that is due to rule on a draft law clipping his powers, claiming conflict of interest, the latest standoff amid months of economic and political

MOSCOW (Reuters) – Alexei Navalny, Russia’s most prominent opposition leader, is grappling with a mystery ailment in jail that could be some sort of slow acting poison, as he has lost 8 kg in weight in just over two weeks, his spokeswoman Kira Yarmysh said.

By Mohamad Torokman BURQIN, West Bank (Reuters) – One of the world’s oldest churches, built on top of a cave in the Israeli-occupied West Bank and festooned with golden icons, attracts thousands of Christian pilgrims every year.

LONDON (Reuters) – British fashion designer Mary Quant, credited with designing the mini skirt that helped to define the swinging 60s, has died aged 93, PA Media reported on Thursday.

OSLO (Reuters) – Norway’s foreign ministry on Thursday said it had declared 15 Russian embassy officials in Oslo as “unwanted”, adding that they were intelligence officers operating under the cover of diplomatic positions.

BEIJING (Reuters) – China will ban vessels from an area north of Taiwan on Sunday due to the possibility of falling rocket debris, China’s maritime safety administration said on Thursday.

WASHINGTON (Reuters) – Core inflation rates in the euro zone will begin improving in the coming months, but the European Central Bank still has a way to go with monetary policy, ECB policymaker Joachim Nagel said on Thursday.

By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank needs to keep raising rates given stubbornly high underlying inflation and its next move could be either a 25 or a 50 basis point increase, Governing Council member Bostjan Vasle said on Thursday.

(Reuters) – Brazil’s Finance Minister Fernando Haddad said on Thursday that the central bank has an opportunity to lower interest rates to help boost economic growth as fiscal and monetary policies are converging.

By Simon Jessop LONDON (Reuters) – Britain’s biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of leading U.S. and Canadian banks.

OSLO (Reuters) – Swedish prosecutors said on Thursday they had charged a 52-year-old man with illegally possessing and spreading secret and sensitive information about a large number of military installations.

(Reuters) – Sarepta Therapeutics Inc’s shares fell as much as 19.4% premarket on Thursday as Stat News reported that the U.S. Food and Drug Administration’s staff were inclined to reject the company’s gene therapy which is currently under review.

WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding.

(Reuters) – Russia said on Thursday that a possible prisoner swap involving Wall Street Journal reporter Evan Gershkovich can only be considered after he is put on trial, despite efforts by the United States to push for his release.

DUBAI (Reuters) – Saudi Arabia’s annual inflation rate eased to 2.7% in March from 3% in February, government data showed on Thursday, driven mainly by an increase in housing rents.

(Reuters) – Most major U.S. banks expect the Federal Reserve to raise interest rates by another 25 basis points next month, following evidence of sticky inflation and a strong labor market.