Business

EU car group calls for urgent action on post-Brexit trade rules

Sunday, September 24 by SRN News

By Nick Carey (Reuters) – The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will trigger 10% tariffs, Europe’s car industry group said on Monday. “Driving up... Read More.

Marketmind: Bond yield surge casts dark quarter-end shadow

Sunday, September 24 by SRN News

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia kicks off the last week of the quarter on Monday, with markets badly bruised by the surge in U.S. bond yields... Read More.

Lego abandons effort to make oil-free bricks – FT

Sunday, September 24 by SRN News

(Reuters) – Danish Toymaker Lego has abandoned its effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, the Financial Times reported on Sunday. Lego found that bricks made from recycled... Read More.

Exclusive-Germany scraps plans for more stringent building standards to prop up industry

Sunday, September 24 by SRN News

By Christian Kraemer BERLIN (Reuters) – The German government will put on indefinite hold plans to require more stringent building insulation standards, environment minister Robert Habeck told Reuters, an effort to help prop up the ailing building industry. The about-face from the... Read More.

Workers with Canadian union Unifor vote in favor of Ford contract

Sunday, September 24 by SRN News

(Reuters) – Canadian labor union Unifor said on Sunday its members had voted to ratify a new contract with Ford Motor, a relief for the Detroit automaker locked in a separate tussle with its U.S. union over demands for better... Read More.

Shein shifts shipping strategy to bring China-made goods closer to US shoppers

Sunday, September 24 by SRN News

(This Sept. 22 story has been corrected to say ‘more than 2,000%’ instead of ‘more than 2,000 times’ in paragraph 6) By Katherine Masters NEW YORK (Reuters) – E-commerce giant Shein is sending more low-priced apparel and home goods to U.S.... Read More.

Supermarket franchisee Spinneys Dubai plans IPO in 2024

Sunday, September 24 by SRN News

By Hadeel Al Sayegh (Reuters) – Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is planning an initial public offering of the business in the second quarter of 2024, three sources with direct... Read More.

China central bank adviser proposes structural reforms to revive economy

Sunday, September 24 by SRN News

SHANGHAI (Reuters) – China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. Liu Shijin, a... Read More.

China state asset manager plans $14 billion emerging industry fund -report

Sunday, September 24 by SRN News

SHANGHAI (Reuters) – China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. The fund... Read More.

Thailand expects Tesla, Google, Microsoft to invest $5 billion -prime minister

Sunday, September 24 by SRN News

BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. “Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking... Read More.