Russia slides towards default as payment deadline expires

The clock on Spasskaya tower showing the time at noon, is pictured next to Moscow? S Kremlin, and St. Basil? S Cathedral, March 31, 2020. REUTERS / Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Grace period runs out on $ 100 mln interest payment due May 27 Russia says it has … Read more

Column: Quadruple real rates? Heading the market to the ageing may turn

Food for the People queue at Canary Wharf of London, Britain, May 18, 2022. REUTERS / Kevin Coombs FREE unlimited access to Reuters.com for registration now Register LONDON, June 24 (Reuters) – If you had a bad dream, take a deep breath. Many investors are backing some of the trends from the “normal” to the … Read more

In ‘miracle’ city Shenzhen, China’s economic future for fears

SHENZHEN, China, June 13 (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers. Everything from making his own multi-million dollar business to schoolbags to toothbrushes. … Read more

Russia takes most of the Sievierodonetsk city in eastern Ukraine

Russian assault has turned Sievierodonetsk to wasteland Shelling makes it impossible to evacuate civilians, Ukraine says Russia cuts more gas to Europe after EU agrees oil ban KYIV, May 31 (Reuters) – Ukraine said on Tuesday that Russia had taken control of most of the eastern industrial city of Sievierodonetsk, a bombed-out wasteland whose capture … Read more

Ukraine troops hold out as Russia assaults Sievierodonetsk wasteland

Russian forces advance slowly on Sievierodonetsk city center Thousands of civilians trapped in Sievierodonetsk EU resolves impasse over Russian oil ban KYIV, May 31 (Reuters) – Ukrainian forces were still holding out in Sievierodonetsk on Tuesday, resisting Russia’s all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion … Read more

UK imposes 25% energy windfall tax to help households as bills surge

Energy producers making extraordinary profits, says Sunak Five billion pound tax offsets 15 billion pound support plan High inflation causing acute distress for Britons – Sunak LONDON, May 26 (Reuters) – Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion pound ($ 18.9 billion) package of … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about … Read more

Pandemic pushes shadows out the Spanish workers

MADRID / ROME, May 9 (Reuters) – Forums, a cash-filled envelope – or “sobre” – were about how to work on the spaniards of lawyers in tourism, agriculture or construction. COVID-19, however, may be finally paying off the “sobre”, economic data and workers’ experiences suggested – accelerating a six-year-long crackdown on Spain’s shadow economy and … Read more

More Ukrainian evacuees leave ruined Mariupol as EU targets Russian oil, banks

More evacuees leave on buses from Mariupol Ukraine keeps nervous eye on Belarusian army drills EU Commission chief proposess more sanctions on Russia Russians attack rail lines, electric grid ZAPORIZHZHIA, Ukraine, May 4 (Reuters) – A convoy of buses attempted to evacuate more civilians from the devastated port city of Mariupol on Wednesday as Russian … Read more

Shanghai marks key COVID milestone, Beijing sits on edge

Shanghai records and COVID cases outside quarantine areas Beijing on tenterhooks, bracing for more restrictions Breakthrough would mark victory for Xi in crucial year Infections ease as China starts Labor Day holiday SHANGHAI / BEIJING, April 30 (Reuters) – Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking … Read more