ReportWire

Tag: corporate

  • Why Russia and China Are Sitting Out Venezuela’s Clash With Trump

    For two decades, Venezuela cultivated anti-American allies across the globe, from Russia and China to Cuba and Iran, in the hope of forming a new world order that could stand up to Washington.

    It isn’t working.

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    Kejal Vyas

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  • The Outspoken CEO Behind the World’s Fastest-Growing Arms Maker

    Earlier this year, Armin Papperger opened a new factory that will allow his company to produce more of an essential caliber of artillery shell than the entire U.S. defense industry combined. 

    Surrounded that day by dignitaries, including the head of the North Atlantic Treaty Organization, the Rheinmetall RHM -2.21%decrease; red down pointing triangle chief executive was riding a wave of post-Cold War military spending that is reshaping the global arms trade.

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    Alistair MacDonald

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  • Vanke’s Bid to Delay Bond Payment Sparks Selloff in Chinese Developers

    China Vanke’s 000002 -5.60%decrease; red down pointing triangle proposal to delay repayment of an onshore bond led to trading halts in three other local notes and triggered a selloff in shares of Chinese property developers, ratcheting up fears about the country’s drawn-out real estate crisis.

    Vanke, one of China’s biggest real-estate companies, was once regarded as one of the country’s most solid developers. It is among the few major Chinese developers that have yet to default amid the country’s massive property bust.

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    Jiahui Huang

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  • U.K. Treasury Chief Says Budget Measures Will Tackle Debt, Inflation

    The U.K. government’s treasury chief said measures outlined in her latest budget aim to halt a rise in debt while helping to cool inflation.

    Speaking to lawmakers, Rachel Reeves said Wednesday that her budget measures would ensure that the government doesn’t breach its fiscal rules and bring down price pressures.

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    Paul Hannon

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  • German Economy Shows Signs of Revival

    The German economy may be showing signs of a life after more than half a decade of stagnation.

    Europe’s largest economy has suffered a series of recent blows, including a surge in energy costs after Russia’s full-scale invasion of Ukraine, higher tariffs on its exports to the U.S and fierce competition from China in key sectors such as automobiles.

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    Don Nico Forbes

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  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

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    Cristina Gallardo

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  • The Failed Crusade to Keep a Rare-Earths Mine Out of China’s Hands

    For years, a mining project in Africa held the promise of helping free the West from its dependence on China for rare earths. Some weeks back, it fell into Chinese hands.

    The failure of Peak Rare Earths, an Australian mining company, to build a China-free supply of rare-earth minerals offers a look at how Beijing came to dominate the global supply of critical minerals—a position it is now deftly leveraging for geopolitical gain. China has choked off the supply of rare earths to wring key concessions from President Trump in his trade war.

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    Jon Emont

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  • Storied South African Club Embodies Decline of Former Gold Capital

    JOHANNESBURG—In 1886, prospectors struck gold here on a stretch of farmland more than a mile above sea level. 

    The Rand Club was founded a year later by mining magnates, including Cecil John Rhodes, who walked the future streets of Johannesburg and selected a corner for what he deemed an essential gentlemen’s club.

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    Alexandra Wexler

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  • Swiss Watch Exports Continue on Downward Trend in U.S. Tariff Fallout

    Exports of Swiss watches remained on a declining trend in October, driven by a sharp decrease in the U.S. as tariffs continue to take a toll.

    Total exports of Swiss timepieces dropped 4.4% in October compared with the same period last year to 2.24 billion Swiss francs ($2.78 billion), according to data published Thursday by the Federation of the Swiss Watch Industry, or FH.

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    Andrea Figueras

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  • Europe Aimed to Set Standards for Tech Rules, Now It Wants to Roll Them Back

    BERLIN—Europe is moving to relax some of the world’s tightest digital regulations in a bid to boost growth and reduce its reliance on U.S. tech.

    Germany and France on Tuesday backed an effort by the European Union, long seen as a global rulesetter for technology, artificial intelligence and digital services, to loosen regulatory strictures on the fast-growing, U.S.-dominated sectors.

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    Bertrand Benoit

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  • Trump Sends Pentagon Officials to Ukraine in Effort to Restart Peace Talks

    President Trump dispatched a high-level Pentagon delegation to Kyiv for talks Wednesday in the administration’s latest attempt to revive negotiations on halting Russia’s war with Ukraine, according to senior U.S. officials.

    Army Secretary Dan Driscoll, along with two four-star Army generals, was scheduled to hold discussions with President Volodymyr Zelensky and other Ukrainian officials, as well as top military and industry representatives, two of the officials said. Driscoll is planning to meet with Russian officials at a later date.

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    Lara Seligman

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  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

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    Cristina Gallardo

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  • A New Rare-Earths Plant in Europe Shows How Tough Breaking China’s Grip Will Be

    Europe is trying to get itself on the global rare-earths map, and a new facility on Russia’s border is its opening bid.

    The city of Narva in Estonia, once a textiles hub for the Russian Empire, is now host to Europe’s biggest production plant for the kinds of rare-earth magnets needed in electric cars and wind turbines. It is part of Europe’s push to secure a foothold in a global supply chain dominated at every step by China. Built by Canada’s Neo Performance Materials and financed in part by the European Union, the factory is expected to begin commercial deliveries to companies including the German car-parts supplier Robert Bosch next year.

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    Kim Mackrael

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  • U.S. Agrees to Cut Switzerland Tariffs to 15% in Trade Deal

    The U.S. has reached a deal to reduce the crippling 39% import tariffs on Switzerland to 15%, easing a growing burden on the Alpine country’s export-dependent economy and the steepest tariff the Trump administration had imposed on a developed nation.

    “We’ve essentially reached a [trade] deal with Switzerland,” U.S. Trade Representative Jamieson Greer said Friday on CNBC. “They are going to send a lot of their manufacturing to the United States—pharmaceuticals, gold smelting, railway equipment.”

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    Georgi Kantchev

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  • Enbridge $1.4 Billion Project Aims to Boost Canadian Oil Flow to U.S. Refineries

    Pipeline operator Enbridge ENB 0.51%increase; green up pointing triangle will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian heavy oil and reach key refining markets in the U.S. Midwest and Gulf Coast.

    The Canadian energy company said Friday it reached a final investment decision on the first phase of a project to optimize its Mainline network, which is forecast to add egress capacity from Canada that will support increased production in the country and connect with what it described as the best refining markets in North America.

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    Robb M. Stewart

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  • China Registers Worst Investment Decline in Years as Slowdown Continues

    SHANGHAI—Signs of weakness in China’s economy stretched into October, with one measure of investment notching the sharpest slowdown in years.

    The numbers

    Momentum in retail sales and industrial production slowed, while investment and the property market continued to struggle, according to data released Friday by China’s National Bureau of Statistics.

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    Hannah Miao

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  • U.S. to Cut Tariffs on Bananas, Coffee and Other Goods From Four Countries

    The U.S. plans to eliminate tariffs on bananas, coffee, beef and certain apparel and textile products under framework agreements with four Latin American nations, a senior administration official told reporters Thursday.

    The expected move—which would apply to some goods from Ecuador, Argentina, El Salvador and Guatemala—is part of a shift from the Trump administration to water down some of its so-called reciprocal tariffs in the midst of rising prices for consumers, as well as legal uncertainty after a Supreme Court hearing this month.

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    Gavin Bade

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  • Opinion | Escape From Zohran Mamdani’s New York

    Arnold Toynbee’s “Cities on the Move” (1970) documents the history of big cities around the world becoming impoverished and insolvent—some never to recover. Many of the patterns he describes apply to New York now.

    Real estate contributed roughly $35 billion of the $80 billion in city tax receipts in fiscal 2025, and personal taxes another $18 billion. The financial sector, real estate, construction, tourism and retail trade sectors are the major contributors to these revenues.

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    Reuven Brenner

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  • Bessent Says ‘Tenfold’ Growth in Stablecoins Will Lift Demand for Treasurys

    Bessent Says ‘Tenfold’ Growth in Stablecoins Will Lift Demand for Treasurys

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