Samuel Shen, Winni Zhou, Kevin Yao SHANGHAI/BEIJING (Reuters) – A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global dollar system – a devastating prospect once considered far-fetched but now not impossible. FILE PHOTO: Chinese Yuan and […]
A worker grinds a gear rod used in a textile machine inside a small scale manufacturing unit in Ahmedabad, India, April 12, 2016. REUTERS/Amit Dave/File Photo NEW DELHI (Reuters) – India’s industrial output contracted 16.6% in June from a year earlier, government data showed on Tuesday, as a monthly measure indicated some recovery in the […]
By Joe Tidy & Sophia Smith Galer BBC News Image copyright GETTY IMAGES President Donald Trump has warned that he will ban TikTok unless an American firm buys its US operations. So how did an app attract millions of users but come to be seen as a national security risk in just two years? Alone […]
Neil Young is suing Donald Trump’s re-election campaign for repeatedly using his music without his permission. The rock star says the US president breached copyright laws by playing his songs at political rallies and events. The Canadian has objected to the use of Rockin’ in the Free World and Devil’s Sidewalk for what he called […]
David Shepardson FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Two Republican senators back a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had […]
The US general manager of TikTok has said the Chinese-owned video-sharing app is “here for the long run”, after President Donald Trump said he would ban it in the US. Vanessa Pappas told TikTok users in a video statement that its staff were building “the safest app”. Mr Trump said he could sign an executive […]
Francesco Guarascio BRUSSELS (Reuters) – The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc’s inflation unexpectedly ticked up in July. In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1% from the previous quarter, […]
Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp (IOC) (IOC.NS), the country’s top refiner, reported a 47% decline in its June quarter net profit to 19.11 billion rupees ($255.53 million), as coronavirus lockdowns hammered fuel demand and squeezed margins. First-quarter revenue fell by about 41% to 889.37 billion rupees. Lockdowns around the world have […]
Manoj Kumar A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/Files NEW DELHI (Reuters) – India’s fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of […]
Nupur Anand, Manoj Kumar MUMBAI/NEW DELHI (Reuters) – Thousands of Indian exporters have been hit hard by new tax regulations, forcing some to close as doing business becomes more difficult. New Delhi said in June it had identified thousands of exporters that had claimed tax rebates based on bogus invoices and would require them to submit […]
