Economic News

By Medha Singh and Lisa Pauline Mattackal

STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck.

By Kate Abnett STRASBOURG, France (Reuters) – The European Parliament holds its final vote on Tuesday on whether to approve sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc’s carbon market.

By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while investors awaited data from China that will highlight the extent of the recovery

(Reuters) – Ecuador’s President Guillermo Lasso said he will dissolve congress and call early elections if he does not muster enough support among legislators, the Financial Times reported on Tuesday citing an interview with Lasso.

PESHAWAR, Pakistan (Reuters) – A landslide during a thunder and lightning storm on the main road through northwest Pakistan’s Khyber Pass buried at least 10 trucks on Tuesday and dozens of people were feared trapped, officials said.

TOKYO (Reuters) – Russia is breaking its promises to countries around the world that are dependent on grain that has not been able to get out of Ukraine over the last few days, U.S. Secretary of State Antony Blinken said on Tuesday.

A look at the day ahead in European and global markets from Kevin Buckland

(Reuters) – Inspections of ships moving grains from Ukraine have restarted after a pause which threatened to shut down the Black Sea shipping corridor, the RIA news agency cited the Russian foreign ministry as saying on Tuesday.

BEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue growth would slow in the second half of the year.

TAIPEI (Reuters) – Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, has no plan for now to visit China, he said on Tuesday, in his bid to become the presidential nominee of Taiwan’s main opposition party.

By Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan (BOJ) is buying Japanese government bonds (JGBs) as part of efforts to achieve its 2% inflation target, not to monetise debt, Governor Kazuo Ueda said on Tuesday.

SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc aims to build more than 3,000 charging stations across China by 2025, it said at the Shanghai autoshow.

BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday.

(Reuters) – Taiwan will buy as many as 400 U.S. land-launched Harpoon missiles in the face of rising threat from China, Bloomberg News reported on Monday, citing a trade group’s leader and people familiar with the issue.

By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit.

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – The United States on Monday called for a ceasefire in Sudan as the capital was bombarded for a third day in deadly fighting between rival military factions that threatens to derail the nation’s stumbling shift from autocracy

SHANGHAI (Reuters) – Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals.

BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December.

SHANGHAI (Reuters) – Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said.