By Nathan Vifflin and Mara Vilcu (Reuters) -French car part supplier Forvia has secured new deals with Chinese automakers BYD and Xiaomi, it said on Monday, sending its shares up nearly 10%. The world’s seventh largest car parts supplier by revenue, whose Chinese sales account for a quarter of total revenue, is hoping new contracts …
Forvia clinches new supply deals with China’s BYD and Xiaomi, shares jump Read More »
By Khanh Vu HANOI (Reuters) -Vietnam will amend its national power development plan, known as PDP8, to include options for nuclear energy and hydrogen, the Minister of Industry and Trade said on Monday. The PDP8 will be amended in a way to also add more renewables to the mix, including solar and wind, Nguyen Hong …
Vietnam to amend national power plan to include nuclear energy Read More »
By Khalid Abdelaziz (Reuters) -Sudan’s army said on Sunday a commander from its foe the Rapid Support Forces had defected with some of his troops, the first such move by a senior figure since the two sides went to war more than 18 months ago. Supporters of the army posted photos online purporting to show …
Sudanese army reports first defection of senior RSF commander Read More »
VILNIUS (Reuters) – The European Central Bank is likely to cut its key interest rate down to its “natural” level between 2% and 3% but it may need to reduce it even further if a fall in inflation becomes entrenched, ECB policymaker Gediminas Simkus said on Monday. “If the disinflation processes get entrenched… it’s possible …
ECB’s Simkus says rates may need to go below ‘natural’ level Read More »
By Carla O’Connor (Reuters) – U.S. music star Lionel Richie said he was heading to the “best touring spot in the world” next year as he announced a new set of UK and European concerts kicking off next spring. The Grammy Award winning singer-songwriter’s “Say Hello To The Hits” tour will begin in Belfast on …
Lionel Richie likens touring to vacation as he announces Europe shows Read More »
TAIPEI (Reuters) -Taiwan’s presidential office said on Monday it had appointed a senior advisor to President Lai Ching-te as its envoy to this year’s APEC summit in Peru, one of the few international forums both Taiwan and China take part it. Lin Hsin-i, chairman of government-backed investment fund Taiwania Capital and also a former economy …
Taiwan appoints presidential advisor as APEC summit representative Read More »
BRUSSELS (Reuters) – If North Korea were to send troops to Ukraine to fight on Russia’s behalf it would significantly escalate the conflict, NATO Chief Mark Rutte said on social media platform X on Monday. Rutte, who took office at NATO at the start of the month, said he had a discussion with South Korean …
NATO’s Rutte: North Korea sending troops to Ukraine would escalate conflict Read More »
By Rishika Sadam and Hritam Mukherjee (Reuters) -Adar Poonawalla, CEO of vaccine maker Serum Institute of India, will buy a 50% stake in filmmaker Karan Johar’s Dharma Productions for 10 billion rupees ($119 million), the Bollywood studio said on Monday. Poonawalla will buy the stake through his production company, Serene Productions. This is his first …
By Josh Smith SEOUL (Reuters) – Officials in Ukraine and South Korea have accused North Korea of dispatching troops, estimated to number in the thousands perhaps, to aid Russia in the war in Ukraine. Both Moscow and Pyongyang have denied the claims and U.S. officials have said they are still investigating the reports. Here is …
Explainer-What we know about North Korean troops joining Russia’s war in Ukraine Read More »
BEIJING (Reuters) -Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top consumer China lifted sentiment, but gains were capped by caution on exactly how much boost the steel market would receive. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade …
Iron ore gains on firm near-term demand, more China rate cuts Read More »
