Nervous staff and no bankers: Western companies struggle to leave Russia

HELSINKI, July 4 (Reuters) – For foreign companies still unsure what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a stark warning: move quickly or else. Companies have struggled with how to exit in a way that limits the financial impact, does not put … Read more

Analysis: China casts giant shadow over emerging countries’ pursuit of debt relief

A Chinese flag flies in front of the Chinese Foreign Ministry in Beijing, China February 24, 2022. REUTERS/Carlos Garcia Rawlins Join now for FREE unlimited access to Register Poorest countries to pay $35 billion in debt service in 2022 – World Bank Opacity, plethora of Chinese lenders to slow debt overhaul Common G20 framework … Read more

EXCLUSIVE Ukraine asks Turkey to detain Russian-flagged vessel carrying Ukrainian grain

Workers store grain at a terminal during the barley harvest in the Odessa region, as Russia’s attack on Ukraine continues, Ukraine June 23, 2022. REUTERS/Igor Tkachenko Join now for FREE unlimited access to Register Ukraine says ship is involved in illegal grain export Kahakh-based owner says vessel chartered by Russian company The Kremlin previously … Read more

Cisco and Nike quit Russia, as pace of Western company departures quickens

Cisco and Nike join MacDonald’s and Renault in quitting A new Russian law could encourage more foreign companies to set up shop ‘Trickle is becoming a torrent,’ says analyst June 23 (Reuters) – U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) are considering exiting Russia altogether, the two companies told Reuters on Thursday, as the … Read more

Analysis: Record number of Chinese graduates enter worst job market in decades

10.8 million Chinese graduates to enter labor market in weak economy Youth unemployment at 18.4%, 3 times higher than the overall rate The employment of graduates is a top government priority in the face of stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among the top 10 computer science students from different Chinese … Read more

Analysis: Market crash exposes Europe’s divisions

Market rout highlights Europe’s Achilles heel ECB tries to restore confidence dampened by soaring prices Ministers are deadlocked over a decade-old plan to support banks LONDON, June 16 (Reuters) – A market sell-off has revived memories of the eurozone debt crisis more than a decade ago, illuminating the divisions that have undermined the currency bloc’s … Read more

In the “miracle” city of Shenzhen, fears for China’s economic future

SHENZHEN, China, June 13 (Reuters) – David Fong moved from a poor village in central China to the booming city of Shenzhen in 1997. Over the next 25 years, he worked for a succession of manufacturers strangers before building his own multimillion-dollar company making everything from schoolbags to toothbrushes. Now 47, he plans to expand … Read more

Malaysian companies refuse orders due to shortage of migrant labor

KUALA LUMPUR, June 13 (Reuters) – Malaysian companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers which threatens the country’s economic recovery. Despite the lifting of the COVID-19 freeze on the recruitment of foreign workers in February, Malaysia … Read more

Exclusive: US to Allow Two Companies to Ship Venezuelan Oil to Europe

HOUSTON/WASHINGTON, June 5 (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could start shipping Venezuelan oil to Europe as early as next month to offset Russian crude, five people familiar with the matter said. , taking over oil-for-debt swaps, were halted two years ago when Washington tightened sanctions on Venezuela. The volume … Read more

Test makers target monkeypox market as cases rise

Test tubes labeled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Register LONDON, June 3 (Reuters) – Diagnostics companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments step up efforts … Read more