MUMBAI/ DUBAI (Reuters) – Indian merchants have almost entirely stopped signing new export contracts with Iranian buyers for commodities such as rice, sugar and tea, due to caution about Tehran’s dwindling rupee reserves with Indian banks, six industry officials told Reuters.FILE PHOTO: Labourers lift a sack filled with sugar to load it onto a handcart at a wholesale market in […]
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(Reuters) – Katy McAvoy hoped she would have more time for her job search after her 5-year-old daughter started in-person kindergarten in mid-November after months of virtual learning due to the pandemic.Katy McAvoy works on her food blog in her living room with the company of her dog Molly in Grand Rapids, Michigan, U.S., March 2, 2021. REUTERS/Emily ElconinBut the […]
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TORONTO (Reuters) – Canada’s recent move to offer permanent residency to more foreigners living and working in the country is a short-term solution to the economic problems spurred by a pandemic-related immigration slowdown, analysts say, while critics argue the strategy excludes too many vulnerable people.FILE PHOTO: Travelers from an international flight are directed to the COVID-19 testing area as part […]
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Michael Burry owns a stake in Volkswagen’s largest shareholder, Porsche SE. “The Big Short” investor is betting Volkswagen can beat Tesla in electric vehicles. Burry said he was short Elon Musk’s car company in December. Visit the Business section of Insider for more stories. Michael Burry holds a stake in Volkswagen’s biggest shareholder, he revealed in a now-deleted tweet on […]
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ROME (Reuters) – World food prices rose for a ninth consecutive month in February, hitting their highest level since July 2014, led by jumps in sugar and vegetable oils, the United Nations food agency said on Thursday.FILE PHOTO: A woman wearing a protective mask shops for vegetables at a traditional market, as the coronavirus disease (COVID-19) outbreak continues, in Jakarta, […]
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FILE PHOTO: Nivea tins are seen in a production line at the plant of German personal-care company Beiersdorf in Hamburg, Germany March 3, 2017. REUTERS/Fabian BimmerBERLIN (Reuters) – Siemens Energy, which supplies turbines to the power industry, will replace Nivea manufacturer Beiersdorf in Germany’s blue-chip DAX index from March 22, stock exchange operator Deutsche Boerse said. Spun off from former […]
Read moreSINGAPORE, March 4 (Reuters) – The Singapore High Court on Tuesday granted oil trader GP Global APAC Pte Ltd a six-month debt moratorium, the company’s lawyers said on Thursday, paving the way for its parent company to restructure more than $1 billion in debt. GP APAC is the Singapore unit of GP Global, a global oil trader and ship fuel […]
Read moreSINGAPORE (Reuters) – Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support, alongside a drop in U.S. fuel inventories.FILE PHOTO: The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, […]
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FILE PHOTO: A woman poses for a picture with a cardboard cutout after receiving a dose of COVISHIELD, a COVID-19 vaccine manufactured by Serum Institute of India, at a vaccination centre, after second wave of vaccination started for the elderly with comorbidities, amid the spread of the coronavirus disease (COVID-19) in Mumbai, India, March 1, 2021. REUTERS/Francis Mascarenhas/File PhotoNEW DELHI […]
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