Month: April 2023

Efraín Alegre, Paraguay’s main opposition presidential candidate exclusively told Reuters he will favor “austerity” to cut public sector spending over raising taxes on the country’s farmers if he wins the country’s April 30 election. The post <strong>Paraguay opposition leader plans state ‘austerity’ vs tax hikes on farmers</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet.  The post […]

Reuters was the first to provide coverage from inside the Manhattan Criminal Court of former President Donald Trump’s history-making arraignment on Tuesday, April 4. Meticulous and long-term planning ensured Reuters was first to relay the news that Trump had pleaded not guilty to all 34 counts of falsifying business records in relation to alleged hush-money […]

Reuters exclusively revealed that Tesla (TSLA.O) Chief Executive Elon Musk is making plans to visit China – his first since the COVID-19 pandemic – and is seeking a meeting with China’s Premier Li Qiang. The post <strong>Elon Musk plans China visit, seeks meeting with premier</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate in an effort to slow a plunge in the price of the battery raw material. The post <strong>Chinese lithium producers set price floor as demand evaporates</strong> appeared first on Reuters […]

Reuters revealed that EU countries and lawmakers are likely to agree on a 43-bln-euro plan to boost the European Union’s chip industry on April 18 at a European Parliament session. The EU sees this as its answer to the $52 bln U.S. CHIPS Act and also in response to global supply chain problems in recent […]

Reuters exclusively reported that India’s Bank of Baroda (BOB.NS) has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, a move that could expedite transition to a rupee trade mechanism. Some Indian refiners were paying in the United Arab Emirates dirham currency for Russian low-sulphur crude […]

Reuters was the first to reveal that India’s milk product imports are rising and the country is planning to allow duty-free imports. Milk prices in the world’s biggest producer have risen at their fastest rate in a decade, reaching a record high due to lumpy skin disease in cows and a drawdown in market-ready cattle […]

Reuters exclusively reported that Canada’s competition regulator had stepped up its antitrust probe into Smith Financials’ C$1.7 bid for mortgage lender Home Capital, in a sign the deal could see and extended review. In a statement to Reuters, Canada’s competition bureau said it has asked the parties to provide additional information to help decide whether the […]

Reuters exclusively reported that India’s capital market regulator, which is investigating the Adani group, has zeroed in on transactions between its companies and offshore entities linked to promoter Gautam Adani’s brother for possible violations of rules. These transactions should have been reported under India’s ‘related party transaction’ rules but were not. Reuters is the first […]