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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 the White House will lift COVID-19 travel restrictions for fully vaccinated international visitors starting Nov. 8, ending historic restrictions that had barred much of the world from entering the United States for as long as 21 months. The unprecedented travel restrictions kept millions of visitors out of the U.S. […]

Reuters reported exclusively that coffee farmers in Colombia, the world’s No. 2 arabica producer, have failed to deliver up to 1 million bags of beans this year or nearly 10% of the country’s crop, leaving exporters, traders and roasters facing steep losses. World coffee prices have soared 55% this year, mainly due to adverse weather […]

Reuters reported exclusively that airlines are bracing for a major hit to business-class travel, a key revenue driver, as major companies look at drastic ways to cut carbon emissions from corporate travel. Several companies, such as HSBC, Zurich Insurance, Bain & Company and S&P Global, have already announced plans to quickly cut business travel emissions […]

Reuters exclusively reported that a group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialize. Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of […]

Reuters exclusively reported that the Bank of England (BoE) will no longer hold off-the-record briefings between its policymakers and individual private financial institutions. The move, a permanent step aimed at improving the transparency of the BoE’s market intelligence-gathering operations, comes after growing concern about similar practices at other central banks.  The post Reuters exclusively reports […]

Reuters exclusively reported that the U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications. The industry “sweep” is a further sign that the SEC is ramping up enforcement under its Democratic leadership, and highlights the challenges Wall Street banks face keeping […]

Reuters revealed that two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030, giving the emerging global partnership momentum ahead of its launch at the U.N. climate summit in Glasgow later this month. Nigeria, Japan and Pakistan are among the 24 new signatories to the Global Methane Pledge, […]

Reuters was first to report that Turkey’s President Tayyip Erdogan has sacked three members of the Central Bank’s Monetary Policy Committee (MPC), clearing the way for further possible interest cuts as soon as next week. The news, announced at midnight, drove the Turkish lira down 1% to a fresh record low against the dollar. The […]