Investor reaction to Adani market rout after short selling report

SINGAPORE (Reuters) – The Adani Group has called off a $2.5 billion share sale as losses of the group’s largest company climbed to more than $100 billion in the wake of the US short seller’s report. This defeat raised fears that the fallout could also affect confidence in India more broadly. Here are the investment … Read more

China’s video game makers are coming in cold as crackdowns ease

HONG KONG (Reuters) – China’s end to a massive crackdown on the video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Severe restrictions imposed by Beijing in 2021 have laid waste to the once thriving industry, … Read more

Davos 2023: Recession overshadows the opening of the World Economic Forum summit

DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more

Exclusive: China allows Didi apps back online, in the latest sign of a regulatory thaw

Jan 13 (Reuters) – Chinese authorities are set to allow ride-hailing app Didi Global and other apps back on local app stores as soon as next week, five sources told Reuters, in a further sign that their two-year regulatory crackdown is on the way. technology. sector ends. Didi is awaiting authorities’ approval to resume new … Read more

China imposes transit restrictions on South Korea and Japan; The World Health Organization expresses concern about the data

Who said lack of data hinders response to resurgence risks New restrictions on South Korean and Japanese citizens transiting through China China says visa suspension for South Korea and Japan ‘reasonable’ An escalation of the diplomatic row could complicate economic relations Social media users slam South Korea’s “humiliating” COVID restrictions BEIJING/GENEVA, January 11 (Reuters) – … Read more

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, flying in trainers from abroad, and considering ideas such as buying roofers and electrical repair shops to hire only their own workers as the companies try to overcome a labor shortage that threatens to derail it. President Joe Biden’s Climate Change … Read more

Pfizer CEO rules out generic COVID drug Paxlovid for China

Jan. 9 (Reuters) – Pfizer Inc (PFE.N) It’s not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, CEO Albert Bourla said Monday, but it is in discussions about the price of the branded product. Reuters reported on Friday that China is in talks with Pfizer … Read more

China vows ‘final victory’ over Covid as the outbreak worries the world

The virus is spreading rapidly in China after the policy change The latest country in Japan to require tests from China arrivals European Union meeting to discuss Chinese travel policy WHO seeks data from Chinese scientists BEIJING (Reuters) – Global health officials struggled to establish the realities of the novel coronavirus outbreak in China and … Read more

Brazilian markets stumble on Lula’s first full day in office

BRASILIA (Reuters) – Brazilian markets delivered a harsh judgment on leftist President Luiz Inacio Lula da Silva’s first full day on Monday after he pledged to prioritize social issues and ordered an extension of a fuel tax exemption over budget breaches. Lula’s decision to extend the fuel tax exemption, which would deprive the treasury of … Read more