News Wire

ECB sees scope for economic rebound as vaccines are rolled out

17h24 The European Central Bank left policy unchanged as expected on Thursday, keeping copious stimulus flowing even as it predicted a firm rebound in the euro zone economy in the coming months as pandemic restrictions. . .  Full story

U.S. deepens emissions target at climate summit, goal called 'game changing'

17h18 The United States on Thursday pledged at a global climate summit hosted by President Joe Biden to slash greenhouse gas emissions in half by 2030, a target it hopes will spark other big countries. . .  Full story

'Time to do the right thing' on climate, Greta Thunberg tells U.S. Congress

17h12 Swedish climate activist Greta Thunberg warned U.S. lawmakers Thursday that history will hold them accountable for climate catastrophes if they do not stop subsidizing the fossil fuel industry before it is too late.. . .  Full story

UBS rolls out bonus for young bankers facing pandemic pressures

17h08 UBS has introduced a new promotion bonus for junior investment bankers as part of measures it hopes will keep young staff working through the COVID-19 pandemic engaged and healthy.. . .  Full story

Mafia infiltration in tourism sector worries Italian govt

17h06 Mafia groups are infiltrating and undermining Italy's holiday industry, the tourism minister said on Thursday, pointing to a new report estimating that mobsters are laundering billions of euros through the sector.. . .  Full story

S&P 500, Dow edge lower as COVID-19 cases rise, home sales drop

17h04 The S&P 500 and Dow Jones indexes edged lower on Thursday as a resurgence of COVID-19 cases globally sapped appetite for stocks, with data showing tepid U.S. home sales adding to the grim mood.. . .  Full story

Gold eases, palladium holds near record peak

17h01 Gold fell on Thursday, retreating from a two-month high as an upbeat U.S. jobs report hinting at steady economic recovery hurt the metal's appeal, while palladium held near an all-time high.. . .  Full story

Silver demand surging to its highest since 2015 - Silver Institute

17h00 Global silver demand will rise this year to its highest since 2015 as jewellery and industrial offtake rebounds after the coronavirus pandemic, helping to lift prices, the Silver Institute said in a report on. . .  Full story

U.S. Supreme Court curbs FTC's power to recoup ill-gotten gains

16h54 The U.S. Supreme Court on Thursday made it more difficult for the Federal Trade Commission to force scam artists and companies that engage in deceptive business practices to return ill-gotten gains obtained from consumers, ruling. . .  Full story

Euro and U.S. dollar waffle as markets weigh ECB policy talk

16h52 Major currencies gyrated between modest gains and losses on Thursday as markets tried to digest European Central Bank comments on interest rate policy amid new evidence in the United States of a stronger economic recovery.. . .  Full story

ECB hawks lay off taper talk at short, calm meeting

16h51 European Central Bank policymakers meeting on Thursday did not discuss plans for the ECB's emergency bond purchases beyond June and even policy "hawks" did not repeat their public calls for reducing the pace of money. . .  Full story

World could lose a fifth of GDP without climate action-study

16h38 The global economy could lose nearly a fifth of economic output by 2050 should the world fail to check climate change, with Asia particularly at risk, a study released by reinsurer Swiss Re on. . .  Full story

Insurer Chubb 'disappointed' as Hartford rebuffs more buyout offers

16h36 Property and casualty insurer Chubb Ltd said on Thursday it was "disappointed" that Hartford Financial Services Group had rejected two sweetened buyout offers, the larger of which valued the rival at nearly $25 billion.. . .  Full story

Amazon and Nestle join public-private plan to save world's forests

16h30 The United States, Norway and Britain joined forces with companies including Amazon and Nestle on Thursday to launch a project aimed at protecting the world's tropical forests.. . .  Full story

IMF chief urges G20 to adopt carbon price floor to reach climate goals

16h30 The head of the International Monetary Fund on Thursday urged the Group of 20 major economies to adopt an international carbon price floor to help reach agreement on carbon pricing, which she said was essential. . .  Full story

Chevron lobbies U.S. officials on Myanmar as sanctions pressure rises

16h27 U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against. . .  Full story

Brazil's real surges on iron ore prospects, catchup trade

16h21 Brazil's real raced ahead in catch-up trade on Thursday, with a spike in Chinese steel prices also providing support, while Chile's peso came off three-month highs, tracking an initial dip in copper prices.. . .  Full story

Euro zone yields dip as Lagarde says tapering talk 'premature'

16h21 Euro zone government bond yields edged lower on Thursday after the European Central Bank emphasised it was too early to talk about tapering its pandemic bond buying programme, which holds down government borrowing costs.. . .  Full story

Dow profit surges as prices for chemicals soar on Texas freeze

16h18 Dow Inc's current-quarter revenue forecast was more than $1 billion above expectations after the company crushed first-quarter estimates on surging prices for its chemicals from tighter supply following a winter freeze in Texas.. . .  Full story

Italy's Draghi seen presenting Recovery Plan draft to cabinet Friday -sources

16h14 Prime Minister Mario Draghi is expected to unveil a draft of Italy's Recovery Plan to cabinet on Friday, three government sources said, as he races to try to complete a final version for presentation. . .  Full story

Indian Oil refineries operating at 95% capacity, sources say

16h13 Indian Oil Corp Ltd's (IOC) refineries are operating at about 95% of their capacity, down from 100% at the same time last month, two sources familiar with the matter told Reuters.. . .  Full story

BAE Systems faces mounting criticism over CEO's pay to stay

16h07 Britain's biggest defence contractor BAE Systems is facing mounting criticism for handing its chief executive an extra 2 million pounds ($2.8 million) to convince him to stay after another bluechip company tried to poach him.. . .  Full story

TSX opens lower as oil stocks weigh

16h05 Canada's main stock index fell on Thursday, weighed by energy stocks as a renewed surge in coronavirus infections in some Asian countries raised concerns about oil demand.. . .  Full story

BBVA plans to cut 16% of workforce, fifth of branches in Spain

16h04 BBVA is planning to cut around 16% of its banking staff and more than a fifth of its branches in Spain as it grapples with growing competition from fintech companies offering online banking services.. . .  Full story

U.S. financial regulators in hot seat as Biden ramps up climate agenda

16h01 As U.S. President Joe Biden escalates his climate change agenda, pressure is growing on the country's regulators to catch up with Europe and incorporate various risks posed by climate change into their oversight of the. . .  Full story

U.S. existing home sales drop to seven-month low

16h00 U.S. home sales fell to a seven-month low in March, pulled down by an acute shortage of properties, which is boosting prices and making owning a house more expensive for some first-time buyers.. . .  Full story

Coffee lovers and home bakers drive strongest Nestle quarter in a decade

15h59 Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world's biggest food group outshone Danone and set a high bar. . .  Full story

Volkswagen mulls board change that could see labour chief move on - sources

15h58 Volkswagen is considering a change to its supervisory board that could lead to the replacement of Bernd Osterloh, the head of its powerful works council who clashed with CEO Herbert Diess last year, sources familiar. . .  Full story

Spain's hotel owners not ready to check out as investors circle

15h52 International real estate investors are flocking to Spain where they spy a chance to snap up hotel bargains in pandemic-hit resorts - but the hotel owners, supported by government aid schemes, are in no. . .  Full story

EXCLUSIVE-French defence group Thales to sell signalling business -sources

15h49 Thales is putting its rail signalling business up for sale in a potential deal worth 1.5 billion euros or more ($1.8 billion) as the French defence and aerospace group seeks to streamline operations, people. . .  Full story

Oil rises as EU keeps stimulus flows, dollar falls

15h48 Oil prices bucked the downward trend of recent days to rise on Thursday after the European Central Bank announced stimulus would keep flowing to counter the economic impact of the pandemic while the dollar. . .  Full story

Canadian dollar consolidates gains after 'hawkish taper'

15h45 The Canadian dollar was little changed against its U.S. counterpart on Thursday, holding on to its gains from the prior day as investors weighed the potential for the Bank of Canada to reduce stimulus. . .  Full story

Canadian National confident of regulatory approval for Kansas City Southern bid

15h43 Canadian National Railway Co on Thursday sent a letter to Kansas City Southern's board, saying the company is confident of winning regulatory approvals for its takeover offer of about $33.7 billion.. . .  Full story

Norway's wealth fund to get rid of more risky stocks, says CEO

15h43 Norway's $1.3 trillion sovereign wealth fund will get rid of more companies from its portfolio if it considers them too risky, its new chief executive Nicolai Tangen said on Thursday.. . .  Full story

Freeport-McMoRan swings into Q1 profit as copper prices rise

15h42 Freeport-McMoRan Inc on Thursday reported first-quarter profit in line with Wall Street expectations, benefiting from higher metal prices on the back of an economic recovery from. . .  Full story

U.S. weekly jobless claims fall to new one-year low

15h38 The number of Americans filing new claims for unemployment benefits last week dropped to a fresh one-year low, suggesting layoffs were subsiding and strengthening expectations for another month of blockbuster job growth in April as. . .  Full story

Yields in narrow range despite jobs data

15h31 U.S. Treasury trading showed little drama for a fifth consecutive day on Thursday despite healthy new employment data as investors awaited guidance from a Federal Reserve meeting next week. The benchmark. . .  Full story

China's Xi says China will phase down coal consumption over 2026-2030

15h12 China will start to phase down coal consumption over the 2026-2030 period as part of its efforts to reduce climate-warming greenhouse gas emissions, President Xi Jinping told the Climate Leaders' Summit on Thursday.. . .  Full story

Saudi Aramco to refinance $10 billion revolving loans - sources

14h59 Saudi Aramco is expected to refinance a $10 billion debt facility raised in 2015, two sources said, in what would be the oil giant's third major foray into the loan market this year.. . .  Full story

Silicon connectivity firm Alphawave targets $4.5 bln London listing

14h57 Alphawave, a Toronto-based silicon IP firm, is planning to list in London to expand the reach of its chip connectivity technology and could be valued at up to $4.5 billion based on cornerstone agreements. . .  Full story

ECB statement after policy meeting

14h56 Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:. . .  Full story

Barry Callebaut CEO bows out amid signs of chocolate recovery

14h51 Barry Callebaut CEO Antoine de Saint-Affrique will step down at the end of August after nearly six years at the helm, the Swiss chocolate maker said on Thursday, amid speculation he is in the. . .  Full story

Germany's finance minister rejects blame for Wirecard fiasco

14h50 Germany's finance minister denied any blame for the multi-billion-euro Wirecard fraud on Thursday, pointing the finger at the company and its auditors, EY, for waving the firm's accounts through for a decade.. . .  Full story

Valero shrugs off storm hit, sees silver lining in demand uptick

14h46 U.S. refiner Valero Energy Corp posted a larger quarterly loss on Thursday as a winter storm hit its operations in February, but its top boss shrugged off the rare event to focus on rising. . .  Full story

Amazon-backed home tech startup SmartRent to go public in over $2 bln SPAC deal

14h37 Amazon-backed home technology solutions provider Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of. . .  Full story

Shanghai aluminium soars as China's production stalls: Andy Home

14h35 Shanghai aluminium prices last week hit their highest since 2010 as the Chinese market gears up for a seasonal demand peak.. . .  Full story

Portugal's airline TAP posts $1.2 bln euro 2020 loss as COVID-19 stifles travel

14h35 Portugal's ailing state-owned airline TAP on Thursday posted an annual loss of 1.2 billion euros ($1.44 billion) as passenger numbers fell by almost three quarters last year due to the impact of the COVID-19. . .  Full story

Copper steady on expected demand from climate push

14h31 Copper recovered on Thursday as bullish investors expecting strong demand from a global push for decarbonisation took advantage of a price dip to add to their positions.. . .  Full story

Huge shipments to India drive Swiss gold exports to 10-month high

14h29 Switzerland in March recorded its biggest monthly gold exports in ten months as shipments to India leaped to their highest since 2013, underlining a revival in Asian bullion demand, Swiss customs data showed. . .  Full story

Start-ups aim to change car battery recycling, clean up world's most polluting industry

14h28 A handful of startups are trying to find a new way to recycle used car batteries, using water, chemicals and electricity to produce lead instead of the hazardous, high-heat smelting that has been identified. . .  Full story

Challenger Metro Bank targets $3 bln in consumer finance

14h26 Britain's Metro Bank aims to expand its consumer finance lending tenfold to 2 billion pounds ($2.78 billion), a source familiar with the plan told Reuters, as it seeks to reverse a sharp downturn in. . .  Full story

Italian prosecutors prepare possible charges based on Genoa bridge probe

14h26 Italian prosecutors are preparing possible charges against dozens of former employees of infrastructure group Atlantia after concluding an inquiry into a deadly motorway bridge collapse in 2018, a document filed by prosecutors on Thursday showed.. . .  Full story

Freeport-McMoRan swings to quarterly profit on higher copper prices

14h24 Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the. . .  Full story

Young UK investors choose cryptocurrencies over stocks - survey

14h05 Young British investors are twice as likely to buy cryptocurrencies such as bitcoin as they are to buy stocks, a survey by U.S. financial group Charles Schwab indicated on Thursday.. . .  Full story

Corn holds at highest since 2013, soybeans hit $15 on supply strains

14h02 Chicago corn futures gained more ground on Thursday, with prices holding around eight-year highs, as cold weather in the United States and dryness in Brazil raised doubts about whether next harvests will replenish declining. . .  Full story

Oxford Nanopore hires banks for $3 bln London listing - sources

14h00 Oxford Nanopore is moving ahead with plans for an initial public offering (IPO) and has now hired banks to manage the process, two sources familiar with the matter told Reuters, in a further boost. . .  Full story

COLUMN-Iron ore and China steel output aren't sticking to the script: Russell

14h00 The China steel and iron ore market narrative for 2021 was supposed to be pollution-led curbs on steel output, coupled with rising iron ore supply, leading to lower prices.. . .  Full story

Ryanair's first 737 MAX delivery weeks away after new delays

13h57 Boeing's first 737 MAX delivery to Ryanair remains weeks away, the Irish airline said on Thursday, a month after forecasting that it would take delivery of eight of the aircraft before the end of April.. . .  Full story

EU needs to study rise of SPACs, says ESMA exec candidate

13h53 The European Union needs to study the rise of special purpose acquisition companies (SPACs) but it is too early to say if they are a "bubble", the executive director designate for EU securities watchdog. . .  Full story

Sri Lankan shares end lower as industrials, financials fall

13h53 Sri Lankan shares closed lower on Thursday, hurt by losses in the industrial and financial sectors.. . .  Full story

ECB keeps policy on hold ahead of June showdown

13h46 The European Central Bank left its ultra-easy policy unchanged as expected on Thursday, providing the pandemic-stricken currency bloc with record stimulus even as an accelerating vaccination campaign raises hopes for a rebound.. . .  Full story

Japan ups 2030 greenhouse gas reduction goal to 46%

13h42 Japan on Thursday raised its target for cutting carbon emissions to 46% by 2030, responding to pressure from the United States and domestic companies, along with environmentalists who criticized its previous goal of 26% as. . .  Full story

Palladium shoots to new records as deficit-fuelled rally reignites

13h41 Palladium prices have surged to record levels and many analysts expect a further run towards $3,000 per ounce as automakers ramp up purchases of the metal used to neutralise harmful exhaust fumes, worsening a. . .  Full story

Swiss savers could power post-COVID economic recovery

13h39 Swiss consumers are set to boost the country's post-COVID-19 economic recovery, economists say, by using the mountains of cash saved during the crisis to fuel a spending spree.. . .  Full story

Deutsche Boerse to de-list Coinbase from Xetra, Frankfurt trade

13h35 Deutsche Boerse said on Wednesday it would delist Coinbase Global Inc shares from its Xetra trading system and the Frankfurt stock exchange over incorrect data, with the U.S. cryptocurrency exchange saying it was working to. . .  Full story

EU preparing legal case against AstraZeneca over vaccine shortfalls - sources

13h33 The European Commission is working on legal proceedings against AstraZeneca after the drugmaker cut COVID-19 vaccine deliveries to the European Union, sources familiar with the matter said.. . .  Full story

Belgium's Umicore sees 2021 core profit beating expectations

13h31 Belgian materials technology and recycling group Umicore beat full-year guidance expectations on Thursday, spurred by high precious metal prices and strong demand, sending its shares 7% higher.. . .  Full story

Todd Boehly's SPAC to take Vivid Seats public in near $2 bln deal

13h23 Online ticket marketplace Vivid Seats Inc said on Thursday it had agreed to be taken public by a Todd Boehly backed blank-check firm, valuing the combined company at $1.95 billion.. . .  Full story

Israel targets tourism boost after rapid COVID-19 vaccine roll-out

13h21 Israel's struggling tourism sector hopes to reap quick benefits when the country reopens next month after a rapid COVID-19 vaccination campaign.. . .  Full story

Finland's Valmet shares rise nearly 5% after record Q1 orders

13h15 Finland's Valmet posted a better-than-expected rise in first-quarter revenue and profit on Thursday, while its order intake hit a record, pushing the engineering company's shares nearly 5% higher.. . .  Full story

UK factories expect strongest rebound since 1973 after COVID-19

13h13 British manufacturers' hopes for an economic rebound rose to their strongest in 48 years this month as the country began to recover from the slump caused by the COVID-19 pandemic, the Confederation of British. . .  Full story

Global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears

13h06 Global stocks ground higher while oil ebbed on Thursday as investors diverged over whether to bet on economic recovery in the United States and other developed markets or worry about a surge in COVID-19. . .  Full story

D.R. Horton raises full-year outlook as profit beats on strong home demand

13h03 D.R. Horton Inc raised its full-year outlook for home deliveries and reported a better-than-expected quarterly profit, as strong housing demand and low mortgage rates boosted the top U.S. homebuilder's sales.. . .  Full story

Mexico's Pemex relaxes COVID-19 rules, orders senior staff back to location

13h00 Mexican state oil company Petroleos Mexicanos ordered most senior management to return to work in person as of next week, an internal memo shows, even as the country reports hundreds of new COVID-19 deaths a. . .  Full story

Syrian missile explodes in area near Israeli nuclear reactor, Israel retaliates

12h59 A Syrian missile exploded in southern Israel on Thursday, the Israeli military said, in an incident that triggered warning sirens near the secretive Dimona nuclear reactor and an Israeli strike in Syria.. . .  Full story

EU says won't take up option to buy 100 million extra COVID vaccines from AstraZeneca

12h58 The European Commission said on Thursday it would not take up an option to buy 100 million additional doses of AstraZeneca's COVID-19 vaccine which is included in the current supply contract the EU has. . .  Full story

Asia Distillates-Gasoil cash differentials drop to over 5-month low

12h48 Asia's cash differentials for 10 ppm gasoil dropped for the ninth consecutive session on Thursday, plunging to their weakest level in more than five months amid sluggish demand, while Singapore middle distillate inventories. . .  Full story

Sterling slips versus euro; currency markets quiet ahead of ECB meeting

12h47 Sterling slipped on Thursday in quiet currency market trade ahead of a European Central Bank meeting, while investors weighed up the outlook for an economic recovery from COVID-19 in the UK.. . .  Full story

Credit Suisse to boost capital ahead of further Archegos hit

12h45 Credit Suisse will raise over $2 billion to strengthen its capital base after flagging a further hit from the collapse of U.S. investment fund Archegos and a shrinking of the prime brokerage unit responsible for. . .  Full story

No decisions taken yet on possible EU legal action vs Astrazeneca

12h42 The European Union has not yet decided if it would take legal action against AstraZeneca for failing to deliver contracted vaccines against the COVID-19 coronavirus, a European Commission spokesman said on Thursday.. . .  Full story

Spain to set up tools to rein in top bankers' wages, minister says

12h42 The Spanish government and the central bank will work together to find ways to control the salaries of top bankers as most of the country's lenders are going through restructuring including job cuts, Economy. . .  Full story

Pakistan reserves decrease $63 mln to $16,043.9 week ending April 16

12h42 Pakistan's foreign exchange reserves decrease $63 million to $16,043.9 million in the week ending April 16, compared to $16,106.4 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Equinor LNG plant broke rules ahead of 2020 fire, watchdog says

12h33 Equinor must fix a series of rule breaches exposed by a fire at its Melkoeya liquefied natural gas (LNG) plant in Norway last year for the plant to reopen, the country's safety watchdog said. . .  Full story

Cathie Wood's ARK Invest piles into UiPath, trims Tesla

12h27 Cathie Wood's ARK Invest snapped up shares of automation software provider UiPath Inc in its strong stock market debut on Wednesday, while trimming some holdings in Tesla.. . .  Full story

Finland's Wartsila shares hit year high after first quarter orders surprise

12h23 Shares in Finland's Wartsila soared more than 16% to a 14-month high on Thursday after the marine and energy equipment maker surprised investors with stable orders for the first quarter despite sales and profit that. . .  Full story

Europe administers 17 mln COVID vaccine doses in latest week - ECDC

12h13 Europe took delivery of, and administered, nearly 17 million doses of COVID-19 vaccines last week, according to a regular monitoring report that showed that a total of 116 million shots had been given as. . .  Full story

France, Germany ask for more time to consider EU legal action against AstraZeneca- diplomats

12h08 Germany and France have asked for more time to think whether to take AstraZeneca to court for its cuts in supplies of COVID-19 vaccine, two diplomats said on Thursday, noting that most EU states. . .  Full story

Germany earns 2 bln euros with its debt in first quarter - document

12h08 Germany earned roughly 2 billion euros ($2.4 billion) from issuing new bonds in the first quarter alone as negative yields continue to push down Berlin's overall debt servicing costs to record lows, a finance. . .  Full story

Ad giant WPP pledges net zero emissions by 2025

12h03 WPP said on Thursday it planned to make the world's largest advertising company reach net zero carbon emissions by 2025 by incorporating many of the virtual production solutions it has developed during the pandemic.. . .  Full story

Stocks gain, Czech crown holds onto gains on rate hike hopes

12h02 Central European currencies moved sideways on Thursday and regional stocks gained, as the dollar eased and investors' risk appetite grew on economic recovery hopes. Market participants were also eyeing a. . .  Full story

The ebb and flow of sanctions on Iranian oil

11h59 In 2015, Iran reached a historic deal with six world powers to trade curbs on its nuclear programme for sanctions relief, including on oil. But in 2018, the United States under Donald Trump's presidency. . .  Full story

Libya oil output falls to 1 mln bpd hit by money troubles

11h58 Libya's oil production fell to about 1 million barrels per day (bpd) in recent days and could drop further due to budgetary issues, the National Oil Corporation said on Thursday.. . .  Full story

Politics, inflation, new models: Five questions for Russia's central bank

11h45 Russia's central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate. . .  Full story

Latest on the worldwide spread of the coronavirus

11h45 The European Commission is working on legal proceedings against AstraZeneca after the drugmaker cut COVID-19 vaccine deliveries to the European Union, sources familiar with the matter said, while India reported on Thursday 314,835 new cases. . .  Full story

Gardening power tools maker Husqvarna posts record first-quarter profit

11h44 Husqvarna's first-quarter operating profit jumped 61% to a record high as retailers snapped up its power tools ahead of the peak gardening season in the northern hemisphere, the Swedish company said on Thursday.. . .  Full story

Frost damage could cut French wine output by a third

11h41 Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent years, farm office FranceAgriMer said on Thursday, citing initial estimates from wine producers.. . .  Full story

British shoppers rush back to reopened clothes stores

11h33 English and Welsh shoppers rushed back to clothes and furniture stores last week when they reopened after three months of COVID lockdown restrictions, but the novelty of dining and drinking outside rapidly faded.. . .  Full story

Bankinter sees signs that worst of COVID-19 crisis might be over

11h32 Bankinter reported its first year-on-year net profit increase since before the coronavirus outbreak started and predicted the worst of the crisis might be over as the bank does not plan to set aside more provisions. . .  Full story

Japan PM Suga: Japan aims to cut greenhouse gas emissions by 46% by 2030 from 2013 levels

11h30 Japanese Prime Minister Yoshihide Suga said on Thursday that Japan aims to cut greenhouse gas emissions by 46 percent by 2030 from levels recorded in 2013, and that he would announce this at an. . .  Full story

Euro zone debt surges in 2020 on pandemic spending

11h26 Euro zone debt surged last year as governments borrowed heavily to keep their economies alive during pandemic lockdowns, with the already most indebted countries adding the most new debt, data from the European Union's statistics. . .  Full story

Ping An Insurance sees 4.5% Q1 profit gain as economy recovers

11h26 Ping An Insurance (Group) Co of China Ltd saw a 4.5% rise in first-quarter net profit as offline sales recovered from a coronavirus-induced slump, China's largest insurer by market value reported on Thursday.. . .  Full story

Spanish competition proving a headache for Orange

11h23 Orange, France's biggest telecoms firm, signalled that cut-throat competition in Spain was here to stay, weighing on investor sentiment as the group posted a worse-than-expected performance in its second-biggest market.. . .  Full story