INSGHT

India makes inroads into Sri Lanka under China’s long shadow

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India makes inroads into Sri Lanka under China’s long shadow

COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach. India provided about $4 billion in rapid assistance between January and July, including credit … Read more

Tesla sends Shanghai boss and aides to jumpstart US output

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Tesla sends Shanghai boss and aides to jumpstart US output

SHANGHAI/SAN FRANCISCO, Dec 21 (Reuters) – Tesla Inc’s (TSLA.O) China chief Tom Zhu and a team of his reports have been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been distracted by … Read more

Eastern Europe holds the key to keeping Ukraine’s power on

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Eastern Europe holds the key to keeping Ukraine’s power on

Eastern Europe has power grids compatible with Ukraine’s Russian attacks on infrastructure causing extensive damage Ukraine has sent list of hardware it needs from overseas VILNIUS/WARSAW, Dec 21 (Reuters) – In Lithuania, a giant, disused electrical transformer built in 1980 in present-day Ukraine has been dusted off and prepared for shipment. It will travel by … Read more

Medical device makers drop products as EU law sows chaos

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Medical device makers drop products as EU law sows chaos

LONDON, Dec 19 (Reuters) – Nicola Osypka’s German company has been selling medical devices used in surgery on newborn babies in Europe for decades, but new European Union rules have forced her to make tough decisions. Under the regulations designed to prevent another health scandal, such as the one in 2010 involving ruptured breast implants … Read more

Weapons industry booms as Eastern Europe arms Ukraine

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Weapons industry booms as Eastern Europe arms Ukraine

E.Europe arms companies step up production for Ukraine Hope to find new markets as defence spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from 1800s and through Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms industry is churning … Read more

They call it ‘The Hole’: Ukrainians describe horrors of Kherson occupation

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They call it ‘The Hole’: Ukrainians describe horrors of Kherson occupation

Residents describe detention, torture and death in Kherson Nine-month occupation ended on Friday as Russians retreated Among those detained were suspected resistance fighters Russia denies mistreating detainees U.N. officials say both sides have abused prisoners of war KHERSON, Ukraine, Nov 16 (Reuters) – Residents in Ukraine’s southern city of Kherson call the two-storey police station … Read more

From Russia with cash: Georgia booms as Russians flee Putin’s war

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From Russia with cash: Georgia booms as Russians flee Putin’s war

At least 112,000 Russians move to neighbour Georgia Georgia set to be one of fastest-growing economies Some locals being priced out of housing, education Economy could face hard landing if newcomers leave TBILISI, Nov 5 (Reuters) – As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom. Georgia is … Read more

Europe’s debt market strains force some governments to rework trading rules

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Europe’s debt market strains force some governments to rework trading rules

Oct 31 (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope with some of the most challenging market conditions in years, officials told Reuters. Out of 11 major euro area debt agencies Reuters contacted, officials in the Netherlands and Belgium … Read more

Once wary of immigrants, Canadian town sends out global labor SOS

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Once wary of immigrants, Canadian town sends out global labor SOS

OTTAWA/MONTREAL, Oct 27 (Reuters) – Herouxville, a small town in Canada’s Quebec, hit the headlines 15 years ago when it issued a code of conduct for would-be immigrants, warning them not to stone women or burn them alive, and to only cover their faces at Halloween. Fast forward to 2022, and it’s actively courting new … Read more

Thai nursery massacre unfolded over three hours of horror

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Thai nursery massacre unfolded over three hours of horror

Gunman was volatile, fired pistols at home The head of the village warned him about violence Police admit the response was slow THA UTHAI, Thailand, Oct 12 (Reuters) – In the days before he killed 36 people, including 22 children stabbed as they slept, the former police sergeant behind Thailand’s worst massacre was firing guns … Read more