By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the government’s windfall tax on fuel exports. The taxes were levied on exports of gasoline, diesel and aviation fuels midway last year, halting the momentum in …
India’s Reliance Industries misses profit view on windfall tax Read More »
By Elaine Lies TOKYO (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood – the reason, he says, he can’t make the price hikes on his wares that would allow him to give his workers a pay rise. Steep price increases on surging raw materials costs …
In a Tokyo supermarket, signs of struggle for Japanese business Read More »
By Sam Tobin LONDON (Reuters) -A Uyghur rights group’s legal challenge against the British government for not investigating the import of cotton produced in the Chinese region of Xinjiang was dismissed by a London court on Friday. The World Uyghur Congress (WUC), an international organisation of exiled Uyghur groups, had taken legal action at London’s …
Uyghur rights group fails in legal challenge against UK government Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) – The Bombay High Court on Friday quashed the write-off of additional Tier-1 (AT1) bonds issued by Yes Bank Ltd, according to a court order. The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. Equity holders, on the other hand, …
India court quashes write-off of Yes Bank’s AT1 bonds – order Read More »
By Muvija M LONDON (Reuters) – Church of England bishops apologised to LGBTQI+ people on Friday for the rejection and hostility they have faced, with the Archbishop of Canterbury acknowledging that the religious body was still “very divided” on the subject. The apology comes days after the Church of England set out proposals developed by …
Church of England apologises to LGBTQI+ people for ‘shameful’ treatment Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Friday as the country’s utility Eskom said it would reduce the length of rolling power cuts over the weekend. At 1529 GMT, the rand traded at 17.1275 against the dollar, 0.72% stronger than its previous close. The past week has seen some of the worst power outages …
South African rand firms as state utility reduces power cuts Read More »
By Aditi Shah and Tim Hepher DELHI/PARIS (Reuters) -European planemaker Airbus is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. The deal, roughly split with rival Boeing, covers …
Airbus to win 235 single-aisle jet order under Air India relaunch -sources Read More »
By Idrees Ali and Tom Balmforth RAMSTEIN AIR BASE, Germany/KYIV (Reuters) -Germany said it would need agreement from allies to give the green light for the delivery of German-made tanks to Ukraine to fend off Moscow’s invasion, apparently dashing Kyiv’s hopes for a quick decision. Defence ministers from NATO and other countries were meeting in …
Berlin says green light for tanks for Ukraine needs agreement from allies Read More »
By Hyonhee Shin and Daewoung Kim SEOUL (Reuters) – Fire swept through part of a shanty town in the South Korean capital, Seoul, on Friday, destroying 60 homes, many constructed from cardboard and wood, and forcing the evacuation of around 500 people. Emergency services took five hours to put out the blaze, which erupted before …
Hundreds evacuated as blaze erupts in slum next to Seoul’s posh Gangnam district Read More »
By Neil Jerome Morales and Karen Lema MANILA (Reuters) – The United States and Philippines on Friday pledged to hold “2-plus-2” meetings of their top officials after a seven-year halt, underlining moves to restore ties strained by former Philippine President Rodrigo Duterte’s anti-U.S. stance. The two countries held a security dialogue on Friday and agreed …
Philippines, U.S. in talks to resume ‘2-plus-2 meeting’ as relations thaw Read More »
