Economic News
- Reuters
By Viktoriia Lakezina and Vitalii Hnidyi
- Reuters
ZURICH (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, can not be overturned.
- Reuters
NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on Wednesday.
- Reuters
BEIJING (Reuters) – China wants to start building a lunar base using soil from the moon in five years, Chinese media reported, with the ambitious plan kicking off as soon as this decade.
- Reuters
BELFAST (Reuters) – U.S. President Joe Biden said on Wednesday a deal between Britain and the European Union to simplify post-Brexit trade rules would lead to significant investment in Northern Ireland from “scores” of major U.S. companies.
- Reuters
By Elena Fabrichnaya and Alexander Marrow
- Reuters
By Krystal Hu (Reuters) – Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc, Coatue Management and Sequoia Capital, its chief executive told Reuters.
- Reuters
By Andrea Shalal WASHINGTON (Reuters) – Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world’s two largest economies, the International Monetary Fund’s top fiscal expert said on Wednesday.
- Reuters
DUBAI (Reuters) – An Iranian technical delegation arrived in Saudi Arabia on Wednesday to prepare for the reopening of Tehran’s embassy there, Iran’s Foreign Ministry said, under a deal to re-establish ties.
- Reuters
LONDON (Reuters) – Britain on Wednesday sanctioned individuals and companies who it accused of acting as “financial fixers” for Russian oligarchs Roman Abramovich and Alisher Usmanov.
- Reuters
BERLIN (Reuters) – The German government on Wednesday watered down plans to legalise cannabis, presenting legislation that would allow private cultivation and distribution through non-profit groups but not widespread sales of the drug in shops.
- Reuters
MANILA (Reuters) – The Philippines will pursue its appeal questioning the International Criminal Court’s (ICC) jurisdiction and authority to investigate killings during former President Rodrigo Duterte’s ‘war on drugs’, its top lawyer said on Wednesday.
- Reuters
By Mohammad Yunus Yawar KABUL (Reuters) – Defence has received the largest share of funds in Afghanistan’s budget as the Taliban government aims to boost forces by a third and build anti-aircraft missile capacity, the army chief told Reuters in a rare interview to foreign media.
- Reuters
By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday.
- Reuters
(Reuters) – Germany’s Merck will invest about 300 million euros ($327.90 million) in the world’s largest integrated specialty gas plant in Hometown, U.S., the company said on Wednesday.
- Reuters
MOSCOW (Reuters) – Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that a trove of U.S. intelligence documents posted online in recent weeks might be fake and a deliberate attempt to mislead Moscow.
- Reuters
MILAN (Reuters) – Italian prosecutors on Wednesday identified the bear responsible for killing a 26-year-old runner in the Alps last week as one that had previously attacked two other people.
- Reuters
GENEVA (Reuters) – More than 400 migrants and refugees drowned in early 2023 while attempting to cross the central Mediterranean from North Africa to Europe, the most fatalities in the past six years over a three-month period, a United Nations agency said on Wednesday.
- Reuters
By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn.
- Reuters
By Gopal Sharma KATHMANDU (Reuters) – Three Nepali sherpa guides are missing on Mount Everest after an avalanche swept down and buried them in a crevasse on Wednesday, a Tourism Department official said.