Tesco is facing shortages of Heinz baked beans, ketchup and salad cream after a fallout with the US brand over price increases. Heinz has paused supplies of a range of key products over the row, which has already left shelves empty in some stores and items out of stock on Tesco’s website. A Tesco spokesperson […]
Tariffs on steel imports from China and other countries are to be extended for another two years, the UK government has announced, admitting the move risks breaching World Trade Organization (WTO) rules. Anne-Marie Trevelyan, the international trade secretary, said the government was acting in the “public interest” and to protect “thousands” of jobs. She said […]
Teck Leng Tan, executive director of Asia Pacific foreign exchange and macro strategist at UBS Wealth Management, discusses the outlook for Asian currencies and the Swiss franc. He speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.”
SHANGHAI — Customers of China’s BYD Co Ltd, the world’s biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion. Read More
SHANGHAI — China stocks bounced higher on Thursday, with major indexes set for their biggest monthly gain in nearly two years, supported by signs of economic recovery and the easing of COVID-19 restrictions, while Hong Kong was largely flat. ** By midday break, Shanghai Composite index rose 1.3% to 3,405.64 points, while blue-chip CSI300 index […]
VILNIUS/BRUSSELS — Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said, as European officials edge towards a compromise deal with the Baltic state to defuse a row with Moscow. Read More
A nomination for the presidential poll will be rejected if it is not backed by 50 proposers and 50 seconders from the electoral college made up of members of Parliament and legislative assemblies. The nomination will also be rejected if an aspirant does not pay Rs 15,000 in cash or present a receipt showing such […]
LONDON — Global nuclear power capacity needs to double by mid-century to reach net-zero emissions targets and help ensure energy security as governments try to reduce their reliance on imported fossil fuels, the International Energy Agency (IEA) said on Thursday. Read More
Water supply will be hit in several parts of Delhi on Thursday, the Delhi Jal Board has warned, with water levels in the Yamuna dropping to a 57-year low. The utility recorded the level in the Wazirabad pond at 666.8 ft, the lowest since 1965, against a normal of 674.5 ft due to Haryana releasing […]