By Manoj Kumar and Shivangi Acharya NEW DELHI (Reuters) -India’s merchandise trade deficit in November widened to a record level, led by a surge in gold imports, while exports fell due to weaker global demand. The merchandise trade deficit in November stood at $37.84 billion, data released by the commerce ministry showed on Monday, much …
Surge in gold imports pushes India’s Nov trade deficit to record levels Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s inflation rate rose for the third straight month in November, advancing to 34.60% in annual terms from 33.88% in October, data from the statistics agency showed on Monday. The uptick in inflation, which began in September following a brief easing in July and August, has been attributed to the …
Nigeria inflation rises for third straight month in November Read More »
By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) – Britain’s Labour government has pared back an audit of relations with China, four sources with knowledge of the matter said, preparing the way for a less critical report that could help Prime Minister Keir Starmer focus on improving economic ties. The Labour Party said before taking …
Exclusive-Britain pares back secretive China strategy review, seeking closer ties Read More »
SINGAPORE (Reuters) -Singapore’s ChemOne Group has delayed the start of its Pengerang Energy Complex (PEC) to the fourth quarter of 2028, with construction set to begin by mid-2025, it said on Monday, after securing more financing for the project. The project has secured an agreement for $3.5 billion of financing, the company said. “As the …
Singapore’s ChemOne delays Pengerang complex’s start to 2028 Read More »
By Casey Hall, Florence Lo, Xihao Jiang GUANYUN, China (Reuters) -In an industrial park being built with Chinese state support in the middle of a sprawling farming community, factory boss Lei Congrui straightens a tiny golden bell hanging off a choker on a mannequin wearing white-and-pink lingerie. What Lei calls his “erotic clothing” showroom is …
China’s ‘erotic clothing’ capital braces for Trump and e-commerce crackdown Read More »
KUALA LUMPUR (Reuters) – Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the local market as the country seeks to boost EV and hybrid EV use and gain a foothold in the global supply chain. Proton is majority owned by Malaysian conglomerate DRB HICOM, with the remaining 49.9% …
Malaysia’s Proton launches its first electric vehicle Read More »
By Giulio Piovaccari and Nora Eckert MILAN/DETROIT (Reuters) – Steered by Chairman John Elkann, Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers. Carlos Tavares abruptly resigned on Dec. 1, almost 18 months …
Stellantis swiftly reshapes strategy under Elkann after Tavares exit Read More »
LONDON (Reuters) – A Church of England bishop on Monday urged its incoming interim leader to quit over his handling of a sexual abuse case, only weeks after his predecessor was forced to resign as archbishop of Canterbury in a similar case. The BBC said Stephen Cottrell, the archbishop of York, had in a previous …
JAKARTA (Reuters) -Indonesia will transfer Mary Jane Veloso, a Philippine woman sentenced to death in 2010 for drug trafficking, to her home country in the early hours of Wednesday, a senior Indonesian official said. Jakarta agreed last month to repatriate Veloso, a former domestic helper and mother of two, who was arrested in Yogyakarta 14 …
Indonesia to repatriate Philippine drug convict this week Read More »
TAIPEI (Reuters) – A delegation of Chinese officials led by a deputy Shanghai mayor arrived in Taipei on Monday for an annual city-to-city forum, a rare visit happening at a time of heightened Taiwan-China military and political tension. China, which claims the democratically governed island as its territory, last week carried out large-scale military activities …
Chinese officials arrive in Taipei for rare visit Read More »
