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Abu Dhabi close to unveiling new economic strategy – economic development chairman
ABU DHABI (Reuters) - Abu Dhabi is close to unveiling its overall new economic strategy, Mohamed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development, said on Thursday. The new...
Syndicated Content Nov 24, 2022
German car supplier Ruester GmbH files for insolvency in self-administration
FRANKFURT (Reuters) - German car supplier Ruester GmbH said it has filed for restructuring in self-administration, a special form of insolvency proceedings that give the owners bigger say, citing liqu...
Syndicated Content Nov 24, 2022
India says falling commodity prices to ease inflationary pressures
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) - India's inflation is likely to ease in the coming months, partly due to fall in commodity prices, India's finance ministry said in a monthly e...
Syndicated Content Nov 24, 2022
BoE’s Ramsden favours more rate hikes, but sees potential for cuts
LONDON (Reuters) - Bank of England Deputy Governor Dave Ramsden backed more interest rate hikes on Thursday, but said he would consider cutting rates if the economy and inflation pressures panned out ...
Syndicated Content Nov 24, 2022
Stellantis looks to India for affordable EVs for Europe amid competition from China
By Aditi Shah NEW DELHI (Reuters) - Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as In...
Syndicated Content Nov 24, 2022
German financial system under strain but property correction not seen: Bundesbank
FRANKFURT (Reuters) - Risks in the German financial system are building as the economy heads for a recession and struggles with rising interest rates and sky-high energy prices, but a correction in th...
Syndicated Content Nov 24, 2022
Nigerian start-up uses tech to help the visually impaired
LAGOS (Reuters) - A Nigerian start up called Vinsighte is using technology to assist the visually impaired, with several products including "smart" reading glasses that convert text to audio. About 15...
Syndicated Content Nov 24, 2022
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) - Lebanon's economy, hit by one of the world's most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a report pub...
Syndicated Content Nov 24, 2022
Japan says economy picking up moderately, while govt staying vigilant to risks
TOKYO (Reuters) - Japan's government left the overall assessment of the nation's economy unchanged in its monthly report for November, noting a moderate recovery but remaining cautious over risks from...
Syndicated Content Nov 24, 2022
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) - Hungary's banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that banks faced weaker profitability due to...
Syndicated Content Nov 24, 2022
Peoria, IL, USA
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