Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more

BOJ defies market bets for policy tweaks, yen tumbles

BOJ defies market bets for policy tweaks, yen tumbles

BOJ keeps interest rate targets, yield band intact BOJ ramps up market operation tool, signal status quo on YCC Board raises inflation forecasts but cuts growth projections TOKYO, Jan 18 (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations … Read more

Factbox: Spain, Malaysia add to restrictions on travellers from China

Factbox: Spain, Malaysia add to restrictions on travellers from China

Dec 30 (Reuters) – Authorities around the world are imposing or considering curbs on travellers from China as COVID-19 case there surge following its relaxation of “zero-COVID” rules. They cite a lack of information from China on variants and are concerned about a wave of infections. China has rejected criticism of its COVID data and … Read more

COVID travel curbs against Chinese visitors ‘discriminatory’ -state media

COVID travel curbs against Chinese visitors ‘discriminatory’ -state media

U.S., Japan, others require COVID tests from Chinese visitors China state media calls COVID travel curbs “discriminatory” China’s factory activity likely cooled in December -poll BEIJING, Dec 30 (Reuters) – Chinese state-media said COVID-19 testing requirements imposed by several places around the world in response to a surging wave of infections were “discriminatory”, in the … Read more

Soccer star Pele, Brazilian legend of the beautiful game, dies at 82

Soccer star Pele, Brazilian legend of the beautiful game, dies at 82

SAO PAULO, Dec 29 (Reuters) – Pele, the legendary Brazilian soccer player who rose from barefoot poverty to become one of the greatest and best-known athletes in modern history, died on Thursday at the age of 82. Sao Paulo’s Albert Einstein hospital, where Pele was undergoing treatment, said he died at 3:27 p.m. “due to … Read more

TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

Turkey’s Erdogan drops retirement age requirement for millions

Turkey’s Erdogan drops retirement age requirement for millions

ANKARA, Dec 28 (Reuters) – President Tayyip Erdogan eliminated a retirement age requirement on Wednesday in a move that allows more than 2 million Turkish workers to retire immediately, less than six months before an election. The announcement was made during a news conference and follows Erdogan’s ruling AK Party delivering a hefty hike to … Read more

Chinese jet came within 10 feet of U.S. military aircraft -U.S. military

Chinese jet came within 10 feet of U.S. military aircraft -U.S. military

WASHINGTON, Dec 29 (Reuters) – A Chinese military plane came within 10 feet (3 metres) of a U.S. air force aircraft in the contested South China Sea last week and forced it to take evasive maneuvers to avoid a collision in international airspace, the U.S. military said on Thursday. The close encounter followed what the … Read more

Exxon sues EU in move to block new windfall tax on oil companies

Exxon sues EU in move to block new windfall tax on oil companies

Dec 29 (Reuters) – U.S. oil major Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have … Read more

Hong Kong asks Japan to drop airport curb set to hit 60,000 travellers

Hong Kong asks Japan to drop airport curb set to hit 60,000 travellers

HONG KONG, Dec 29 (Reuters) – Hong Kong’s government has asked Japan to withdraw a COVID-19 restriction that requires passenger flights from the financial hub to land at only four designated Japanese airports, saying the decision will impact about 60,000 passengers. The United States, India, Italy and Taiwan now require mandatory COVID-19 tests on travellers … Read more