Foxconn expects COVID-hit China factory to return to full capacity in late December – early January – Source

TAIPEI, Dec. 5 (Reuters) – Apple supplier Foxconn (2317.TW) It expects the COVID-hit Zhengzhou factory in China to resume full production in late December to early January, a Foxconn source said Monday, after worker unrest last month disrupted the world’s largest iPhone factory. The world’s largest electronics maker said later Monday that revenue in November … Read more

Inventories and oil boosted hopes of an easing of Chinese restrictions on the spread of the coronavirus

The Euro Stoxx 600 rose around 0.5% before giving up the floor Wall Street futures are rising Oil prices rebounded on China’s hopes, and talk of production cuts The dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON (Reuters) – Stocks and oil rose on Tuesday, supported by hopes that public unrest in China would … Read more

The yuan is the new dollar as Russia makes a comeback

Russia resorts to the Chinese currency amid sanctions Moscow has become the No. 4 offshore trading center for the yuan The yuan’s share in the Russian forex market increased from 1% to 45% The Russian Central Bank supports the trend but warns of risks This content was produced in Russia where coverage of Russian military … Read more

Zelensky says Russia will not stop the strikes until its missiles run out

The President warns the Ukrainians to prepare for new Russian attacks Heavy fighting in eastern Donetsk The Kremlin says the Zaporizhia plant remains under Moscow’s control LVIV/Kyiv (Reuters) – President Volodymyr Zelensky warned Ukrainians to expect another harsh week of cold and darkness ahead, predicting more Russian attacks on infrastructure that won’t stop until Moscow … Read more

Canada to enhance defense and cyber security in Indo-Pacific policy, focus on ‘disruptive’ China

OTTAWA (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion ($1.7 billion) in spending to boost military and cyber security in the region and pledging to deal with a “troubled” China. While working with her on climate change and trade issues. The plan, detailed in a 26-page document, said Canada would … Read more

Ukrainians suffer in the cold and darkness as the president pleads with the United Nations to punish Russia

Widespread power outages due to Russia targeting the electricity grid United States: Russia is trying to freeze Ukraine into submission Crews are working to restore power and water President Zelensky says: “We are an unbreakable people” WASHINGTON/Kyiv (Reuters) – Ukrainian President Volodymyr Zelensky has urged the United Nations Security Council to act against Russia over … Read more

EXCLUSIVE: The US aims to punish deforestation in Brazil, as well as fight the climate

RIO DE JANEIRO (Reuters) – The United States is looking to crack down on the environmental criminals behind escalating deforestation in the Brazilian Amazon, U.S. sources and officials told Reuters, using sanctions like the Magnitsky sanctions to tackle climate change more aggressively. The plan represents a major shift in Washington’s strategy to combat global warming, … Read more

China expands COVID restrictions, iPhone factory disruptions add to economic concerns

COVID restrictions have escalated as cases have risen Disruptions at the iPhone factory underscore industrial and social risks Analysts warn of the possibility of an expansion of the lockdown The resort city of Sanya imposes restrictions on the movement of newcomers BEIJING (Reuters) – Chinese cities imposed more restrictions on Wednesday to curb surging coronavirus … Read more

North Korea’s Kim oversees intercontinental ballistic missile testing, and pledges more nuclear weapons

SEOUL (Reuters) – North Korean leader Kim Jong Un has vowed to counter U.S. nuclear threats with nuclear weapons, state news agency KCNA said on Saturday while inspecting an intercontinental ballistic missile test in the country. The isolated country tested a Hwasong-17 intercontinental ballistic missile on Friday, a day after it warned of “fierce military … Read more

First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more