Explainer: Why is Turkey blocking Swedish and Finnish NATO membership?

STOCKHOLM, Jan 24 (Reuters) – Swedish and Finnish hopes of quickly joining NATO have run into an obstacle in the form of objections by Turkey, which holds veto powers over accession to the military alliance. The three nations reached an agreement on how to proceed in Madrid last June, but Turkish President Tayyip Erdogan has … Read more

Davos 2023: China reopens its doors with investment pitch to global elite

DAVOS, Switzerland, Jan 17 (Reuters) – China’s Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation. Liu’s explicit pitch to global leaders gathered in Davos made it clear China wants international investors to play a key role in Beijing’s attempts to revive … Read more

In Beijing, funeral homes and crematoriums are busy as COVID spreads

BEIJING/SHANGHAI, Dec 17 (Reuters) – Hears bearing the dead lined the driveway to a designated COVID-19 crematorium in the Chinese capital on Saturday while workers at the city’s dozen funeral homes were busier than normal, days after China reversed tight pandemic restrictions . In recent days in Beijing the spread of the highly transmissible Omicron … Read more

China’s factory, retail sectors skid as COVID hits growth

China’s industrial output growth slows more than expected Retail sales contraction deepens Property investment falls most in over two decades Nationwide unemployment rate climbs Near-term outlook darkens following COVID relaxation – analysts BEIJING, Dec 15 (Reuters) – China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing … Read more

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand takes toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meeting points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

Hungary vetoes EU aid for Ukraine, bloc delays decision on funds for Budapest

Hungary against 18 bln euro EU loan to Kyiv, OECD minimum tax Other 26 EU countries to finance Ukraine in a different way Ministers delay decision on funds worth nearly 9% of Hungary’s GDP BRUSSELS, Dec 6 (Reuters) – Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on … Read more

Indonesia bans sex outside marriage in new criminal code

New criminal code ushers in controversial changes Sex outside marriage, insulting the president banned New laws will hamper tourism, investment, critics say JAKARTA, Dec 6 (Reuters) – Indonesia’s parliament approved a new criminal code on Tuesday that bans sex outside marriage with a punishment of up to one year in jail, despite worries the laws … Read more

China’s Jiang Zemin dies at 96, prompting wave of nostalgia

Jiang’s death comes at a tumultuous time in China Some Chinese express nostalgia for Jiang era as a time of optimism Jiang was plucked from obscurity to head the Communist Party Jiang broke China out of diplomatic isolation in years after Tiananmen crackdown BEIJING, Nov 30 (Reuters) – Former Chinese President Jiang Zemin, who led … Read more

China’s economy loses momentum as COVID curbs hit factories, consumers

China’s industrial output grows more slowly than expected Retail sales fell for the first time since May Property investment sees biggest drop since early 2020 Economic outlook gloomy on softening external demand BEIJING, Nov 15 (Reuters) – China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail … Read more

China’s trade unexpectedly shrinks as COVID curbs, global slowdown jolts demand

China’s Oct exports, imports shrink unexpectedly Frail data further blow to struggling economy Global recession risks, COVID curbs in China darken outlook Analysts expect further weakness in exports and imports BEIJING, Nov 7 (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of … Read more