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Reuters exclusively reported that the German government has cut its economic growth forecast for this year to 2.6%, but lifted its estimate for next year to 4.1% as supply problems are delaying the recovery in Europe’s largest economy. The revised government forecast for gross domestic product growth compares with an April prediction for the economy […]

Ahead of crucial COP26 climate talks in Glasgow, Reuters offered subscribers a comprehensive poll on the stakes for the global economy. The poll, the first of its kind by Reuters, surveyed a growing community of climate economists on the global cost to get to net-zero carbon emissions by 2050, as well as the appropriate minimum […]

Reuters exclusively reported SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, scaling back a business it once touted as a major growth driver. United Robotics Group, which is backed by German industrial robot maker Hahn, became the European master distributor for SoftBank’s […]

From Brazil’s online lender Nubank to Colombian delivery firm Rappi, Latin American tech startups raised $14.8 billion in new money during the first nine months of 2021, a jump of 174% since last year. Reuters provided a deep dive into how this boom has caught the eye of some of the biggest names in private […]

In an exclusive interview with Indonesia’s President, Joko Widodo told Reuters that the country was planning to “hit the brakes” on the export of all raw commodities in an effort to attract investment in onshore resource processing and create jobs. The government is currently conducting a study for the downstreaming of other commodities with a […]

Reuters broke the news that the Italian government and UniCredit had called off discussions over the sale of Monte dei Paschi (MPS), with the two sides poles apart over the terms of a costly recapitalization plan for the Tuscan bank. News that the deal had collapsed was later confirmed in a joint statement the following […]

Reuters revealed how South Africa’s economic woes are being compounded by the theft of massive amounts of copper from state firms Eskom and Transnet, much of which is smuggled overseas, costing the country billions of rand a year. Power firm Eskom, which expects to make a 15.2 billion rand ($1.1 billion) net loss in its […]

Reuters exclusively reported that Italy’s Treasury is considering extending by six months tax breaks for corporate mergers it first introduced to entice a buyer for troubled state-owned bank Monte dei Paschi di Siena (MPS). The scheme applies to all companies, but it benefits mostly banks and is a key plank of an incentive package the […]

Reuters was first to report that Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group’s Hong Kong headquarters building over worries about the developer’s dire financial situation. The collapse of the talks for the landmark building’s sale is another setback for cash-strapped Evergrande which has been […]

Reuters exclusively reported that French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage in semiconductor chips, a much bigger hit than previously estimated. The supply problems would cost Renault, which is set to publish its third-quarter sales this week, over a third more than the 220,000 lost […]