UK commits to future North Sea licences UK announces new support for two CCS clusters LONDON, July 31 Reuters Britain on Monday committed to granting future licences for North Sea oil and gas extraction as part of efforts to become more energy independent, in plans that have drawn criticism from environmental campaigners. Prime Minister Rishi […]

TOKYO, July 31 Reuters Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Many countries, including Japan, are relying on domestic consumption to underpin growth while the risk of global recession persists. Output rose 2.0 in June […]

BEIJING, July 31 Reuters China39;s manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official surveys showed on Monday, threatening growth prospects for the third quarter. Construction sector activity for July was its weakest since COVID19related workplace disruptions dissipated around February, data […]

Consumer weakening in China, Europe too Investors may be forced to rethink softlanding view LONDON, July 31 Reuters Markets have high hopes for a soft landing for the economy, with bonds and equities rallying. Yet a sharp drawdown in the excess savings created by COVID19 could be a curve ball that slams into bullish sentiment. […]

SEOULSHANGHAI, July 31 Reuters Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least 4.4 billion this year to try to meet U.S. electric vehicle EV tax credit rules aimed at lowering reliance on China39;s supply chains. Five battery materials plants worth about 5.6 trillion won 4.4 billion in […]

DUBLIN, July 31 Reuters Bank of Ireland lifted its fullyear guidance on Monday and said it expects to increase returns to shareholders after rising interest rates, a growing Irish economy and a shrinking banking sector helped it more than double first half profit. The bank reported a 1.2 billion euro 1.1 billion firsthalf underlying profit before […]