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More Britons return to offices after schools reopen

FILE PHOTO: Scales to weigh loose fresh produce are seen in the UK supermarket Asda in Leeds, Britain, October 19, 2020. REUTERS/Molly Darlington March 18, 2021 By David Milliken LONDON (Reuters) – More British people returned to offices after schools in England reopened, but there were falls in consumer spending and ships calling at British […]

China faces difficulties attracting foreign investment this year, ministry says

FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration March 18, 2021 BEIJING (Reuters) – China faces a severe and complex situation in attracting foreign investment this year, commerce ministry spokesman Gao Feng told reporters in an online briefing on Thursday. Foreign direct investment (FDI) […]

ECB stress testing broader economy over climate risk: de Guindos

FILE PHOTO: Vice-President of the European Central Bank (ECB) Luis de Guindos gives a statement during the second day of the Informal Meeting of EU Ministers for Economics and Financial Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool via REUTERS March 18, 2021 FRANKFURT (Reuters) – The European Central Bank is stress testing the […]

India to set up development finance body for infrastructure

FILE PHOTO: India’s Finance Minister Nirmala Sitharaman attends a joint news conference with U.S. Treasury Secretary Steven Mnuchin in New Delhi, India, November 1, 2019. REUTERS/Adnan Abidi March 16, 2021 NEW DELHI (Reuters) – India’s cabinet approved on Tuesday the establishment of a development financial institution (DFI) to boost investment in infrastructure projects, the finance […]

New U.S. trade chief Tai to speak next week with British counterpart: source

FILE PHOTO: Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O’Leary/Pool via REUTERS March 18, 2021 WASHINGTON (Reuters) – Newly confirmed U.S. Trade Representative Katherine Tai is expected to hold a call […]

German towns facing Greensill Bank losses band together

FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer/ March 16, 2021 FRANKFURT (Reuters) – Some 26 German towns facing 255 million euros ($303 million) in losses are combining forces as they seek to recover funds in the insolvency proceedings of Greensill Bank, a town coordinating the […]

Analysis: U.S. stimulus should be more boon than bane for struggling Europe

FILE PHOTO: The financial district in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski March 16, 2021 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The Biden administration’s $1.9 trillion pandemic recovery package should, on balance, prove a boon for Europe, far outweighing the short-term market turbulence that has already cornered the European Central Bank […]

Winter storms hammer U.S. manufacturing production

FILE PHOTO: Operators use servo brake presses to form laser-cut steel blanks at Scandic Springs’ factory in San Leandro, California, U.S. February 17, 2021. Scandic Springs Inc/Handout via REUTERS March 16, 2021 WASHINGTON (Reuters) – Output at U.S. factories plunged in February, depressed by winter storms in Texas, which put some petroleum refineries, petrochemical facilities […]

U.S. import prices rise strongly in February, boosted by crude oil, commodities

FILE PHOTO: Containers are seen on a shipping dock, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Port of Los Angeles, California, U.S., April 16, 2020. REUTERS/Lucy Nicholson March 16, 2021 WASHINGTON (Reuters) – U.S. import prices increased strongly in February, boosted by higher costs for crude oil and commodities, strengthening […]

Kohler, Ford, Infiniti in spotlight on China consumer rights show

FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo March 16, 2021 BEIJING (Reuters) – The Chinese unit of U.S. bathroom and kitchen hardware maker Kohler as well as auto brands Ford and Infiniti were among those singled out for criticism on Monday on Chinese […]