MCE

Shanghai population to decline in 2022 after COVID lockdowns

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HONG KONG, March 29 (Reuters) – The population of China’s commercial capital Shanghai fell in 2022 for the first time in five years, official data showed, after authorities imposed strict COVID-19 lockdowns and more than 250,000 migrant workers left. Data released by the Shanghai Bureau of Statistics on Tuesday showed that the densely packed center … Read more

Canada is increasing clean technology investment in the budget to compete with the United States

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OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to narrow the competitive gap with the United States with a budget aimed at attracting investment in the low-carbon economy, including tax breaks for electric vehicle (EV) makers and expanding the electricity grid. The 2023-24 tax document submitted to the House of Commons also includes a … Read more

Electric car startup Lucid is cutting around 18 percent of its workforce

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March 28 (Reuters) – Electric vehicle maker Lucid Group Inc ( LCID.O ) said on Tuesday it would lay off about 18 percent of its workforce, or about 1,300 workers, to cut costs as part of a restructuring plan. The maker of Air’s luxury sedan predicted last month that 2023 production would fall well short … Read more

Clashes as French protesters demonstrate against Macron’s pension law

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The government rejected the trade unions’ demand to suspend the bill Protesters are angry about the bill and Macron Traffic hubs, the energy sector are affected by strikes PARIS/NANTES, France, March 28 (Reuters) – Groups dressed in black set trash cans on fire and threw bullets at police in Paris who responded with tear gas … Read more

Britain raises internal threat level in Northern Ireland to ‘severe’

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The level changed due to the attacks on police officers Northern Ireland is to host the 25th anniversary of the peace agreement The level was lowered to ten for the first time last year LONDON, March 28 (Reuters) – Britain’s intelligence agency MI5 has raised the threat level in Northern Ireland from domestic terrorism to … Read more

China’s industrial profit slump deepens due to soft demand and high costs

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China’s January-February industrial profits -22.9% y/y vs -4.0% in 2022 The recovery is far from stable, demand and cost problems continue BEIJING, March 27 (Reuters) – A slump in Chinese industrial profits deepened in the first two months of 2023, weighed down by weak demand and stubbornly high costs, as the world’s second-largest economy struggled … Read more

The biggest strike in decades brings Germany to a standstill

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BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday morning, disrupting millions at the start of the working week in one of the biggest walkouts in Europe’s biggest economy in decades. inflation. The 24-hour strikes organized by the Verdi union and the rail and transport … Read more

In inflation-stricken Germany, a massive wage strike is paralyzing traffic

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BERLIN/FRANKFURT, March 27 (Reuters) – A widespread strike in Germany was due to begin early on Monday, crippling public transport and airports in one of the biggest walkouts in decades as Europe’s biggest economy grapples with rising inflation. In the hours before the strike, both sides dug in their heels as union chiefs warned the … Read more

As confidence in the banking sector falters, central banks demand more

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NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated action from central banks to restore financial stability, fearing continued turmoil in the global banking sector amid rising interest rates. After the collapse of two U.S. lenders this month and last weekend’s takeover of struggling Credit Suisse ( CSGN.S ) … Read more

Bank stress brings the USA closer to recession, says Kashkari

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WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being watched closely because of the potential to trigger a credit crunch, a U.S. central bank policymaker said on Sunday, as a European Central Bank official also hinted at a possible tightening of lending. . Authorities around the world are on high alert for … Read more