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China issues new plan to boost consumption
HONG KONG, Nov 26 (Reuters) - China unveiled a plan to boost consumption in the world's second-largest economy, detailing measures that include promoting upgrades of consumer goods in rural areas and promoting sectors such as "pet, anime and trendy toys."The measures were announced on We...Reuters
10 minutes ago
Kremlin says Witkoff to come to Moscow for talks on Ukraine peace next week
MOSCOW, Nov 26 (Reuters) - The Kremlin said on Wednesday that U.S. President Donald Trump's envoy, Steve Witkoff, and a host of other key U.S. officials would come to Moscow next week for talks on a possible peace plan for Ukraine.Trump, speaking to reporters on board Air Force One as he flew to...Reuters
28 minutes ago
UBS credit funds could face 10% write-down due to First Brands, Handelsblatt reports
ZURICH, Nov 26 (Reuters) - UBS UBSG.S could mark down credit funds managed by its O'Connor hedge fund unit by over 10% following the bankruptcy of U.S. auto parts supplier First Brands, German business paper Handelsblatt reported on Wednesday, citing sources.UBS said earlier this month it was wi...Reuters
33 minutes ago
Germany remains EU's top net contributor despite economic slump, study shows
By Rene Wagner and Maria MartinezBERLIN, Nov 26 (Reuters) - Germany remained the European Union's largest net contributor in 2024 despite its ongoing economic crisis, though its payments have fallen sharply from previous years, according to a study by the German Economic Institute IW seen by Reu...Reuters
34 minutes ago
Strauss Group Says Q3 EBIT Increased Approximately 40.1% To NIS 312 Million
Nov 26 (Reuters) - Strauss Group Ltd STRS.TA:THIRD QUARTER FINANCIAL RESULTS: STRAUSS GROUP CONCLUDES A STRONG QUARTER WITH AN INCREASE OF 10% IN SALES TO NIS 3.3 BILLION AND AN INCREASE OF 43% IN NET INCOME TO NIS 146 MILLIONSTRAUSS GROUP LTD: QTRLY EBIT INCREASED APPROXIMATELY 40.1% TO NIS 312 MIL...Reuters
37 minutes ago
Tesla CEO Musk says Austin robotaxi fleet to double next month
Nov 26 (Reuters) - Tesla TSLA.O Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June."The Tesla Robotaxi fleet in Austin should roughly double next month," Musk ...Reuters
40 minutes ago
Kremlin says leak of Witkoff call is attempt to hinder Ukraine peace talks
MOSCOW, Nov 26 (Reuters) - The Kremlin said on Wednesday that the leak of a telephone conversation between senior Kremlin and U.S. officials was an attempt to hinder the talks on a possible peace deal for Ukraine.Bloomberg News reported that President Donald Trump's envoy, Steve Witkoff, in an O...Reuters
40 minutes ago
EXCLUSIVE-US peace plan for Ukraine drew from Russian document, sources say
Russian document was key input for 28-point US peace plan for UkraineMany US officials believed Ukraine would reject planPlan was revised after backlash; nine points cut after US-Ukraine talksBy Gram Slattery and Erin Banco Nov 26 (Reuters) - The U.S.-backed 28-point peace plan to end the war in ...Reuters
an hour ago
FOCUS-Tesla struggles to course correct from sales skid
Tesla faces sales pressure in Europe, China and the U.SEuropean sales fell 48.5% in October, even as industry-wide EV sales rose 26%Tesla's competition includes Chinese newcomers, improved EVs from legacy playersBy Nick Carey and Abhirup Roy Nov 26 (Reuters) - Tesla TSLA.O CEO Elon Musk has s...Reuters
an hour ago
Nigeria's mass school kidnapping exposes Tinubu's security struggles
Tinubu's economic reforms praised but insecurity persists President redeploys police from VIPs to protect citizensKebbi governor questions why soldiers left before school attackMilitary faces nimble enemy in dense forestsBy MacDonald Dzirutwe LAGOS, Nov 26 (Reuters) - The families of Papiri h...Reuters
an hour ago
South Korea special prosecutor seeks 15-year jail term for ex-PM Han on martial law charges
By Joyce LeeSEOUL, Nov 26 (Reuters) - South Korea's special prosecutor on Wednesday sought a 15-year jail term for former Prime Minister Han Duck-soo on allegations he abetted ex-President Yoon Suk Yeol's botched bid to impose martial law last December.Han is expected to be the first former ...Reuters
an hour ago
National Storage REIT gets $2.6 billion offer from Brookfield-led group
Consortium offers A$2.86/share, 26.5% premium to last closeCo offers exclusive due diligence access till December 7 Nov 26 (Reuters) - Australia's National Storage REIT NSR.AX said on Wednesday it has received a A$4.02 billion ($2.61 billion) takeover offer from a consortium of global asset m...Reuters
an hour ago
South Korea special prosecutor seeks 15-year jail term for ex-PM Han on martial law charges
SEOUL, Nov 26 (Reuters) - South Korea's special prosecutor on Wednesday sought a 15-year jail term for former Prime Minister Han Duck-soo on allegations he abetted ex-President Yoon Suk Yeol's botched bid to impose martial law last December.Reuters
an hour ago
Trump says no firm deadline for Ukraine, Russia to reach peace deal
ABOARD AIR FORCE ONE, Nov 25 (Reuters) - U.S. President Donald Trump on Tuesday backed away from a Thursday deadline for Ukraine to agree to a U.S.-backed peace plan and shrugged off a report that U.S. negotiator Steve Witkoff coached the Russians on how to approach him on the topic.Reuters
2 hours ago
PRESS DIGEST -Wall Street Journal - November 26
Nov 26 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - HP HP.N plans to reduce its workforce by 4,000 to 6,000 employees, up to 10% of its total, by the end of fiscal 2028. - Warner Musi...Reuters
2 hours ago
Russia says Europe is trying to undermine U.S. peace efforts for Ukraine
MOSCOW, Nov 26 (Reuters) - Russia's foreign ministry said on Wednesday that European politicians and European media were trying to undermine U.S. efforts to clinch a peace settlement for Ukraine.European media and politicians are trying "to disrupt the possibility of political and diplomatic...Reuters
2 hours ago
Taiwan plans extra $40 billion in defence spending to counter China
Taiwan plans new defence spendingChina has stepped up military pressure on TaiwanUnited States urged greater defence spending by TaiwanBy Yimou Lee and Ben Blanchard TAIPEI, Nov 26 (Reuters) - Taiwan will introduce a $40 billion supplementary defence budget to underscore its determination to defe...Reuters
2 hours ago
JGBs slide on spending and BOJ prospects, short-term yields hit 17-year high
TOKYO, Nov 26 (Reuters) - Japanese government bonds (JGBs) slid on Wednesday, with short-term yields touching 17-year highs, as investors weighed the financial burden of a massive stimulus and chances for a near-term rate hike by the central bank.The benchmark 10-y...Reuters
2 hours ago
