Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of severe COVID-19 restrictions. But as excitement mounts in global financial markets that the world’s second-largest economy can finally emerge from lockdown next year, the two are packing their bags. “I … Read more

Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

Analysis: Airlines are restarting as COVID sparks a revolution in one-day business travel

The most popular airline routes have changed since 2019 – OAG Higher airfare prices offset lower travel Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are wrecking schedules and introducing new flights to tackle a COVID-triggered trend in business travel for executives like Jerome Harris – cutting … Read more

Exclusive: Google faces EU antitrust charges over its adtech business – sources

BRUSSELS, Oct 13 (Reuters) – Alphabet’s Google unit (GOOGL.O) could face EU antitrust charges next year over its digital advertising business, exposing the company to its fourth fine in the EU of more than one billion euros, people familiar with the case said Thursday. Google’s advertising business, which generated more than $100 billion in sales … Read more

Analysis: The energy crisis is testing the resilience of Italian companies

The response to the energy crisis is essential for the economic outlook Bankers say businesses are more resilient than they are given credit Italy have done better than expected so far this year MILAN, Oct 21 (Reuters) – Italian media had only just begun reporting on the threat of winter gas rationing when Marco Checchi … Read more

Exclusive: Europe prepares for mobile network outages

PARIS/STOCKHOLM/MILAN, Sept 29 (Reuters) – Once unthinkable, mobile phones could die out this winter in Europe if power cuts or energy rationing disrupt parts of mobile networks in the region. Russia’s decision to cut off gas supplies via Europe’s key supply route following the conflict in Ukraine has increased the risk of power shortages. In … Read more

Analysis: the crisis in the United Kingdom forces “shifted” companies to suspend their investments

Nervous companies abandon their investment plans The mini-budget forced borrowing costs higher Leaders want stability, not tax cuts LONDON, Oct 18 (Reuters) – British business owners are withdrawing investments as a crisis sparked in Westminster drives up borrowing costs and undermines confidence in an economy once seen by businesses as a haven of stability. Businesses … Read more

Analysis: Bond Vigilantes Mean Business, Governments Better Beware

LONDON, Oct 17 (Reuters) – The sight of Britain’s new finance minister smashing up his chief’s economic policies on Monday illustrated something starkly clear – the bond market vigilantes are back, they’re bold and governments had better stop. pay attention to it. It took only three weeks for the markets to force the United Kingdom, … Read more

German business leaders clash with Berlin over China policy

Berlin aims to reshape its policy to reduce its reliance on China Industry lobbying against China business restrictions German investment and trade with China hit record high Big companies wind down Chinese operations by going local BERLIN, Oct 13 (Reuters) – When German business leaders learned last month of an economy ministry proposal to screen … Read more