Economic News

MUMBAI (Reuters) – About 200 Apple fans hoping to be among the lucky few to enter the tech giant’s first retail store in India gathered from early on Tuesday outside the shop in the commercial capital of Mumbai.

By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely gathered pace in the first quarter, data is expected to show on Tuesday, as the end of strict COVID curbs lifted the world’s second-largest economy out of a crippling pandemic slump, although some headwinds persist.

(Reuters) – Evan Gershkovich, a correspondent for the Wall Street Journal arrested in Russia on espionage charges, is a 31-year-old American who has reported on Russia for various outlets for six years.

BEIJING (Reuters) – China said a communique by the G7 meeting grossly interfered in its internal affairs, and maliciously smeared and discredited the country, the Chinese foreign ministry said on Tuesday.

MOSCOW (Reuters) – Wall Street Journal reporter Evan Gershkovich will appeal on Tuesday against his arrest and detention in Moscow’s most notorious former KGB prison on charges of espionage, according to court documents.

(Corrects throughout as January pay growth revised up)

(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said in a preliminary release of main indicators on Tuesday.

By Rachel Savage and Chris Mfula LUSAKA (Reuters) – The Comesa market in Zambia’s capital Lusaka appears to be bustling, but traders say business is suffering as a weak local currency pushes up prices, adding to the hardships of a population already struggling with soaring living

By Ayenat Mersie NAIROBI (Reuters) – For Kenya’s lesbians and gays, a supreme court ruling allowing the rights body that represents their interests to register as a non-governmental organisation has turned out to be a mixed blessing.

KYIV (Reuters) – Russian forces are stepping up their use of heavy artillery and air strikes in the devastated eastern Ukrainian city of Bakhmut, the commander of Ukraine’s ground forces said on Tuesday.

(Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday unveiled a new electric sport-utility vehicle as it highlighted its commitment to the Chinese market.

MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital.

By Khalid, Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan’s paramilitary Rapid Support Forces (RSF) leader General Mohamed Hamdan Dagalo, known as Hemedti, spoke with U.S. Secretary of State Antony Blinken on the phone and “discussed pressing issues”, Hemedti said on Tuesday.

(Reuters) -Russian President Vladimir Putin has attended a military command meeting in Ukraine’s southern Kherson region which is partly held by Russia, the Kremlin said on Tuesday.

TOKYO (Reuters) – Foreign ministers from the Group of Seven rich nations on Tuesday G7 condemned Russia’s “irresponsible nuclear rhetoric” as “unacceptable” and called on China to act as a responsible member of the international community.

WARSAW (Reuters) – Poland and Ukraine will resume negotiations early on Tuesday to try to reopen the transit of food and grains, the Polish agriculture minister told public radio station PR1.

SHANGHAI (Reuters) – Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market.

SYDNEY (Reuters) – Australia and New Zealand on Tuesday announced plans for the allies’ armies to work more closely together as New Zealand looks to its larger neighbour for help reinvigorating an armed forces battling worker shortages.

ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse.