The yuan is the new dollar as Russia makes a comeback

Russia resorts to the Chinese currency amid sanctions Moscow has become the No. 4 offshore trading center for the yuan The yuan’s share in the Russian forex market increased from 1% to 45% The Russian Central Bank supports the trend but warns of risks This content was produced in Russia where coverage of Russian military … Read more

FACTS: The latest fronts in climate change legal battles

(Reuters) – Climate change litigation has more than doubled in the past seven years globally, according to a June report by the London School of Economics, and is bypassing traditionally polluting industries such as fossil fuel production. At COP27 climate talks in Egypt, United Nations experts warned last week that many companies’ environmental claims amounted … Read more

First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Biden and Xi prepare to meet ahead of Ukraine-overwhelmed G20 summit

NUSA DUA, Indonesia (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of a set to be perilous summit of the Group of 20 nations. With tension due to the Russian invasion of Ukraine. The two leaders are expected … Read more

COVID public health emergency in the US to stay in place

Two Biden administration officials said Friday that the United States will maintain a public health emergency for the COVID-19 pandemic, allowing millions of Americans to get free tests, vaccines and treatments. One of the officials said the possibility of an increase in coronavirus cases in the winter and the need for more time to transition … Read more

Exclusive: Tesla considering exporting Chinese-made electric cars to US sources

SHANGHAI, November 11 (Reuters) – TESLA (TSLA.O) Two people familiar with the planning are considering exporting electric cars made in China to the United States, a reversal that would reflect the automaker’s deep cost advantage at its Shanghai plant and sluggish demand from Chinese consumers. Tesla is studying whether parts made by its suppliers in … Read more

Exclusive: Apple supplier Foxconn plans to quadruple workforce at India plant

New Delhi / Taipei, November 11 (Reuters) – Apple (AAPL.O) Foxconn supplier (2317.TW) Two government officials familiar with the matter said they plan to quadruple the workforce at the iPhone plant in India over two years, citing production adjustments as it faces disruptions in China. Foxconn has made headlines in recent weeks, with strict virus … Read more

COP27: Polluters must pay for climate change, poor countries say to the rich

Island nations demand global carbon tax “While they win, the planet is burning” Fears grow over hunger striker imprisoned in Egypt SHARM EL-SHEIKH, Egypt (Reuters) – Leaders of poor countries criticized rich governments and oil companies for causing global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to demand that … Read more

South Korea begins investigation into deadly Halloween crush

The death toll rose to 154 and 149 wounded The government promises to conduct a thorough investigation Residents and officials offer condolences at the memorial The disaster is the worst in South Korea since 2014 Seoul ferry sinking SEOUL (Reuters) – South Korean investigators combed through footage on Monday from more than 50 state, private … Read more