By Simon Johnson STOCKHOLM (Reuters) - Sweden may have too many shops and offices after the pandemic. It doesn't have enough homes. It spies an opportunity. A seismic shift towards online shopping and working from home has been painful for many businesses, but has given the Nordic nation the chance to address an...
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(Bloomberg) -- Britain and the European Union are giving negotiations over a post-Brexit trade deal “a final push,” the EU’s chief negotiator, Michel Barnier, said as officials on both sides talked of a possible accord as soon as Wednesday. Barnier also told ambassadors gathered in Brussels that there has been progress in his talks...
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(Bloomberg) -- The Department of Homeland Security warned U.S. firms against using data services and equipment from firms linked to China because of cyber security and other risks. “For too long, U.S. networks and data have been exposed to cyber threats based in China which are using that data to give Chinese firms an...
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(Bloomberg) -- China’s roaring industrial rebound from the pandemic has an unforeseen consequence -- the surge in power demand has left factories, office buildings and street lights in some areas straining under an electricity shortage. The country’s local governments are cutting power to some industrial and commercial customers in several provinces. State-owned companies are sending an army of workers to inspect power lines,...
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By Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) - Cairn Energy has won an international arbitration case against the Indian government over a tax dispute, ending one of the most high profile disputes in the country, two sources with direct knowledge of the matter told Reuters. Cairn in March 2015 filed a formal dispute against a demand for more than...
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By Anshuman Daga SINGAPORE (Reuters) - Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch. The outlook for Asian companies in the next six...
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TORONTO/SEOUL (Reuters) - South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna International Inc. The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics. ...
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By John McCrank NEW YORK (Reuters) - Asian shares were set for choppy trade on Wednesday as the investor focus swung between concerns about a new faster-spreading variant of the coronavirus and hopes that more U.S. fiscal aid would propel an economic recovery. Australia's S&P/ASX 200 was up 0.60% in early trading, following three-straight days of losses. {{178|Japan's NiNikkei 225 futures were...
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LONDON (Reuters) - People of Black African ethnicity in Britain typically have just one eighth of the wealth of white British people, an economic think tank said, calling for reforms to narrow the wealth divide between ethnic groups. The Resolution Foundation said the differences impacted the ability of households to cope with the COVID-19 crisis. People of Black African ethnicity had on...
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PARIS (Reuters) - French and foreign truckers can again enter France from Britain provided they have tested negative for COVID-19 in the 72 hours before entry, the French Transport Ministry said in a statement on Tuesday. British authorities would provide testing facilities for truck drivers so that they can quickly get their results and drive to France, the ministry said. In...
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