China's widening COVID curbs threaten global supply chain paralysis

SHANGHAI (Reuters) -China's race to stop the spread of COVID-19 is clogging highways and ports, stranding workers and shutting countless factories - disruptions that are rippling through global supply chains for goods ranging from electric vehicles to iPhones.

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13-04-2022

Analysis-Canada's accelerated timetable for EVs brings spotlight on key bill

Canada's accelerated timeline to fully embrace electric vehicles (EVs) presents a threat to some auto suppliers and auto mechanics, with the latter pinning hopes on a key legislation to adapt to the changing needs of the industry.

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13-04-2022

China's imports unexpectedly fall as COVID curbs convulse trade outlook

BEIJING (Reuters) -China's imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect a worsening in trade in the second quarter.

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13-04-2022

India's aviation regulator bars 90 SpiceJet pilots from flying Boeing MAX planes

Indian budget carrier SpiceJet Ltd said on Wednesday the country's aviation regulator has asked 90 pilots belonging to the airline to restrain from flying Boeing 737 MAX planes.

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13-04-2022

Exclusive-IMF hopes to mobilize $45 billion for new trust to aid broader range of countries

The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows.

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13-04-2022

Deutsche Telekom buys additional T-Mobile US shares for $2.4 billion

DUESSELDORF, Germany (Reuters) -Deutsche Telekom said it has bought additional shares in T-Mobile US from Softbank for $2.4 billion, bringing CEO Tim Hoettges closer to his goal of securing direct control over the U.S. telecoms operator.

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13-04-2022

Former Swiss 'banker of the year' convicted in fraud trial

ZURICH (Reuters) -Swiss judges found former Raiffeisen Switzerland Chief Executive Pierin Vincenz guilty of fraud on Wednesday, sentencing him to nearly four years in jail at the end of a trial which focused on his huge strip club bills and use of company expenses.

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13-04-2022

Investors snap up dollar on hawkish Fed views; yen slumps past 126

The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002 while the euro was pinned at a one-month low as investors flocked to the U.S. currency after some hawkish comments by Federal Reserve officials.

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13-04-2022

Hyundai Motor to begin electric vehicles production in U.S

Hyundai Motor Co plans to add electric vehicles (EV) in its Montgomery assembly line in the United States, marking the South Korean automaker's first EV production in the country, Hyundai Motor Manufacturing Alabama said on Tuesday.

newspaper

13-04-2022