ABUJA (Reuters) – Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay the course, the World Bank said on Thursday. President Bola Tinubu has instituted reforms including ending a decades-old petrol subsidy and devaluing the currency to try to boost output, which has …
Nigeria seeing positive results from fiscal reforms, World Bank says Read More »
LONDON (Reuters) -The new Labour government will not revive a plan to build a high speed railway line from the central English city of Birmingham to northern England, a source said, denying an earlier media report. LBC Radio said earlier on Thursday the government was set to announce that the HS2 high speed railway line …
No plan to revive HS2 rail link to northern England, govt source says Read More »
BRUSSELS (Reuters) – France’s foreign ministry said on Thursday that the conditions that three of its nationals were being held hostage in by Iran were unacceptable, and that Paris continued to work to secure their immediate release. Foreign Minister Jean-Noel Barrot met the families of the three citizens on Thursday, deputy spokesperson Pascal Confavreux said …
France says conditions of citizens held in Iran unacceptable Read More »
(Reuters) – Singapore’s market regulator on Thursday lifted a ban on UOB Kay Hian Private Ltd after nearly two years, according to a statement by the regulator. Under the ban, imposed in December 2022, the brokerage firm backed by United Overseas Bank was prohibited from undertaking new mandates as an issue manager or full sponsor …
Singapore’s market regulator lifts ban on brokerage UOB Kay Hian Read More »
By Bartosz Dabrowski and Bernadette Hogg (Reuters) -Swiss lift- and escalator maker Schindler said on Thursday it was more confident of securing increased orders in North America, as it reaffirmed its full-year guidance of low single-digit revenue growth in local currencies. “We have accelerated our modernisation business and enhanced our offering,” CEO Silvio Napoli told …
Schindler upbeat on North America business as it confirms 2024 guidance Read More »
(Reuters) – Indian IT services firm LTIMindtree missed quarterly revenue estimates on Thursday, hurt by weak tech spending. The company’s consolidated revenue rose 5.9% to 94.33 billion rupees ($1.12 billion) in the three months to Sept. 30. That was marginally lower than analysts’ average estimate of 94.42 billion rupees, as per data compiled by LSEG. …
STOCKHOLM (Reuters) -Sweden plans to ease tight budget spending rules as it looks to boost spending in areas like infrastructure and defence, Finance Minister Elisabeth Svantesson said on Thursday. The government coalition, the Sweden Democrats and the opposition Social Democrats have agreed to target a balanced budget instead of aiming for a surplus of 0.33% …
Sweden to loosen budget rules to boost infrastructure, defence Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s Chubu Electric Power plans to further invest in overseas decarbonisation assets, including renewable energy, small modular reactors (SMRs), and carbon capture storage (CCS), to fuel future growth, a company executive said. Chubu, a major regional electric utility, outlined a long-term strategy in 2021, including a plan to spend …
Japan’s Chubu Electric eyes increased investment in overseas renewables, SMRs Read More »
JAKARTA (Reuters) – Indonesia Battery Corporation (IBC) and a unit of China’s battery giant Contemporary Amperex Technology Co (CATL) have formed a joint venture (JV) firm to build a battery cell manufacturing plant, Indonesian state media Antara reported on Thursday. State firm IBC and the CATL unit, CBL International Development, first announced their cooperation plan …
Indonesia Battery Corp, CATL unit sign JV deal, state media says Read More »
By Crispian Balmer ROME (Reuters) -The U.N. peacekeeping mission to Lebanon is vital to ending war in the region and needs to be strengthened, not withdrawn from combat zones as Israel has demanded, Italy’s defence minister said on Thursday. The U.N. mission known as UNIFIL is stationed in southern Lebanon to monitor hostilities along the …
UNIFIL has vital role, mission must be strengthened, Italy says Read More »
