Reuters exclusively reported that Canada’s energy infrastructure company TC Energy was planning to cut jobs, just a week after Suncor Energy unveiled plans to lay off 1,500 jobs. A spokesperson for TC Energy told Reuters that the company was downsizing to optimize its business. TC shares rose 1.1% backing a decline in the broader Canadian...Read More
Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising...Read More
Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile phones, computers, connected cars and smart devices. The post EU...Read More
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. Source link...Read More
Sources exclusively revealed to Reuters that Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program. While the IMF is still evaluating the country’s debt sustainability, an initial analysis calculated that Ethiopia is set to face a financing gap of at least $6 billion until...Read More
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...Read More
A proprietary Reuters analysis took readers on a deep dive into President Joe Biden’s pledge to fight climate change and his promise to deliver millions of middle-class jobs with good wages to Americans with union membership cards. Still, a large majority of the $50 billion of investments announced so far in domestic manufacturing has been...Read More
Sources exclusively revealed to Reuters that Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months as the island nation tries to line up funds for the remainder of the year while the IMF looks prepared to approve a $2.9 billion loan. The extension talks come as the...Read More
