Reuters - Squid Business

At China’s largest trade fair, exporters worry about world economy

By Ellen Zhang and David Kirton GUANGZHOU (Reuters) -Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s unexpected …

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North Korea celebrates building 10,000 modern homes in Pyongyang

SEOUL (Reuters) -North Korea held a ceremony on Sunday to celebrate the completion of 10,000 new modern homes in the newly built Hwasong District in Pyongyang, state media KCNA reported. Leader Kim Jong Un took part in the ceremony, the report said, as well as a number of senior government officials including Kim Tok Hun, …

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Son of toppled Iranian Shah to visit Israel

JERUSALEM (Reuters) – The exiled son of the Iranian Shah toppled in the 1979 Islamic revolution will visit Israel this week, Israel’s government said on Sunday, calling him the “most senior Iranian personality” to ever pay a public visit to Israel. Israel and Iran enjoyed warmer ties under the U.S-backed Shah, though they have become …

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Marketmind: Are we calling it a banking crisis, shock … or blip?

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors across the region and beyond weigh whether the U.S. banking ‘crisis’ is in the rear view mirror or if there’s more serious trouble …

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Bank of England considering urgent reform of deposit guarantee scheme – FT

(Reuters) – The Bank of England is considering a major overhaul of its deposit guarantee scheme, including boosting the amount covered for businesses and forcing banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses, The Financial Times reported on Sunday. The UK’s Financial Services Compensation …

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Russia says Wagner fighters take two more blocks in battered Bakhmut

(Reuters) – Russia said on Sunday that Wagner mercenary units supported by airborne troops had captured two more city blocks in the eastern Ukrainian city of Bakhmut, target of a major offensive by Moscow. Wagner has spearheaded Russia’s attempt to take Bakhmut since last summer in what has been the longest and deadliest battle of …

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House Republicans chart new strategy to pressure Biden, Democrats

By David Morgan WASHINGTON (Reuters) – U.S. House Republicans will try to agree on a plan to lift the federal $31.4 trillion debt ceiling and cut government spending when Congress returns this week, after being stymied for months by Democratic President Joe Biden’s demands they do so without conditions. House of Representatives Speaker Kevin McCarthy …

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France’s Ynsect to refocus bug business after capital increase

By Sybille de La Hamaide PARIS (Reuters) – French insect-based ingredients maker Ynsect will refocus its strategy on high-margin markets like pet food, shut a production plant and cut jobs after raising 160 million euros ($177 million) from investors, its chief executive said. The company, which is in talks for additional funding, will use the …

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World Food Programme halts operations in Sudan after 3 employees killed

CAIRO (Reuters) – The United Nations’ World Food Programme (WFP) said on Sunday it had temporarily halted all operations in Sudan after three of its employees were killed in clashes between the Sudanese army and the paramilitary Rapid Support Forces (RSF) a day earlier. “While we review the evolving security situation, we are forced to …

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Soccer-Jittery Arsenal losing their grip with summit in sight

By Martyn Herman LONDON (Reuters) -Even when Arsenal were building a daunting lead at the top of the Premier League and excitement was building in north London there were those who questioned whether Mikel Arteta’s side would be able to cope when Manchester City turned up the heat. Until a week ago it appeared they …

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