Economy

Economy News

Burger King says Russia operator ‘refused’ to shutter restaurants

By Hilary Russ NEW YORK (Reuters) -Burger King’s parent company said on Thursday it has not been able to close its 800 restaurants in Russia because its independent operator there.

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Economy News

Fed’s rate path balances inflation fight and pandemic unknowns, Barkin says

By Howard Schneider BALTIMORE (Reuters) – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing monetary policy in the.

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Economy News

EU proposes to create solidarity fund for Ukraine’s basic needs

AMSTERDAM (Reuters) – The European Union is considering creating a solidarity fund for Ukraine to help provide basic services in the country and meet citizens’ immediate needs, European Council President.

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Economy News

Russian Finance Minister proposes to reallocate $5 billion in budget spending in 2022

(Reuters) – Russia’s Finance Ministry said on Friday it has sent its proposals to reallocate 485.9 billion roubles ($5 billion) of budget spending in 2022 to focus on the most.

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Business Economy News

Wuhan aims to become China’s ‘valley of satellites’ in space initiative

BEIJING (Reuters) – The central Chinese city of Wuhan has vowed to create a 100 billion yuan ($15.7 billion) space industry by 2025 and become China’s “valley of satellites”, joining.

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Business Economy News

Australia sanctions Russian billionaires with mining industry links

SYDNEY (Reuters) – Australia imposed sanctions on Friday on two Russian oligarchs with links to its mining industry, one of them a billionaire with an investment connection to Rio Tinto.

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Economy News

BOJ Holds Policy While Signaling Rising Concern Over Economy

(Bloomberg) — The Bank of Japan kept its stimulus on hold and indicated increasing concern over the economy as it stuck with a dovish stance that contrasts with the rate.

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Economy News

Japan’s big firms likely turned less optimistic in Q1, BOJ tankan expected to show – Reuters Poll

TOKYO (Reuters) – Japan’s big manufacturers’ business mood likely turned less optimistic in the first quarter, as firms struggled with supply disruptions and surging energy prices after Russia launched its.

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Economy News

China’s Shenzhen city says will allow firms to resume work in an orderly manner

SHANGHAI (Reuters) – Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work.

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Economy News

Russia to press on with MS-21 and Superjet airliner projects

LONDON (Reuters) – Russia said on Wednesday it would accelerate the development of its domestic civilian aerospace sector by focusing on flagship airliner projects such as the Irkut MS-21, also.

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