US Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers

US Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers

WASHINGTON, Nov 30 (Reuters) – French President Emmanuel Macron addressed US lawmakers from both political parties on Wednesday and pushed back on new American subsidies that are riling European leaders, according to a participant in a closed-door meeting. Macron arrived in Washington on Tuesday for his second state visit to the United States since taking … Read more

Fed’s Powell: Rate hikes to slow, but adjustment just beginning

Nov 30 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a prolonged economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remain chronically short of workers. In an … Read more

China softens tone on COVID severity after protests

BEIJING, Dec 1 (Reuters) – China is softening its tone on the severity of COVID-19 and easing some coronavirus restrictions even as its daily case toll hovers near record highs, after anger over the world’s toughest curbs fueled protests across the country. Several cities in the world’s second-largest economy, while still reporting new infections, are … Read more

Excitement, defiance for young Chinese in COVID ‘tipping point’ protests

HONG KONG/BEIJING, Nov 30 (Reuters) – When Yang, a Shanghai office worker, saw video clips of a burning building in western China, a disaster in which 10 people were killed, she said she could not contain her anger over tough COVID. -19 measures three years into the pandemic. Watching a World Cup soccer match in … Read more

China’s Jiang Zemin dies at 96, prompting wave of nostalgia

Jiang’s death comes at a tumultuous time in China Some Chinese express nostalgia for Jiang era as a time of optimism Jiang was plucked from obscurity to head the Communist Party Jiang broke China out of diplomatic isolation in years after Tiananmen crackdown BEIJING, Nov 30 (Reuters) – Former Chinese President Jiang Zemin, who led … Read more

COVID protests escalate in Guangzhou as China lockdown anger boils

SHANGHAI/BEIJING, Nov 30 (Reuters) – People in the Chinese manufacturing hub of Guangzhou clashed with white hazmat-suited riot police on Tuesday night, videos on social media showed, as frustration with stringent COVID-19 rules boiled over, three years into the pandemic. The clashes in the southern city marked an escalation from protests in the commercial hub … Read more

Welders wanted: France steps up recruitment drive as nuclear crisis deepens

PARIS, Nov 29 (Reuters) – French power giant EDF (EDF.PA) is looking to recruit a new generation of welders, pipe-fitters and boiler makers to fix its aging nuclear reactors and build more of them, as Europe’s energy crisis rekindles. the allure of atomic power. The problem is that in France such skilled workers are in … Read more

Dating apps and Telegram: How China protesters are defying authorities

BEIJING, Nov 29 (Reuters) – Opponents of China’s anti-COVID measures are resorting to dating apps and social media platforms blocked on the mainland to evade censors, spread the word about their defiance and strategy, in a high-tech game of cat and mouse with police. Videos, images and accounts of the opposition to China’s tough COVID-19 … Read more

Exclusive: South Korea’s Yoon warns of unprecedented response to North Korea nuclear test, calls on China to do more

SEOUL, Nov 29 (Reuters) – South Korean President Yoon Suk-yeol warned of an unprecedented joint response with allies if North Korea goes ahead with a nuclear test, and urged China to help dissuade the North from pursuing banned development of nuclear weapons and missiles. . In a wide-ranging interview with Reuters on Monday, Yoon called … Read more

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports the trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, … Read more