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

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

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

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

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

G20 split over attempt to condemn Russia’s invasion of Ukraine

Most G20 members can strongly condemn the Ukraine war Zelensky urges G20 to help end war under his plan Indonesia urges action on global economic problems Xi will hold meetings with many other leaders NUSA DUA, Indonesia (Reuters) – Discord surfaced at the G20 summit on Tuesday, where the United States and its allies backed … Read more

Zelensky accuses Russian forces of committing war crimes in Kherson

Zelensky says war crimes were exposed after the Russians withdrew The humanitarian situation in Kherson is “extremely difficult” – official The authorities are working to restore vital services Joy mixes with concerns about water and energy for Kherson residents Residents recount the violations committed by the occupation forces Kherson, Ukraine (Reuters) – Ukrainian President Volodymyr … Read more

Lula’s honeymoon ends with Brazilian markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as investors grew impatient with his desire to boost social spending without setting long-term fiscal rules or naming his largest economy. policy makers. Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP)Which jumped last … Read more

Q2 roundup: India’s Kos gets festive boost; Nearly 62% after earnings rise

BENGALURU (Reuters) – Nearly two-thirds of nearly 200 Indian companies with a market capitalization of $100 million and more reported an increase in profits for the September quarter, data tracked by Reuters showed. Refinitiv data showed that of the 191 companies tracked, 118 reported a rise in earnings, with nearly 90% of those reporting a … Read more