First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Drought-affected Kenyan herders save wildlife – and their livelihoods

Drought drives animals into villages to eat crops and attack livestock Communities and private landowners participate in the protection of wildlife As agriculture poses a threat to biodiversity, reserves are growing OLCHORO OIROWUA VILLAGE, Kenya, Aug. 15 (Thomson Reuters Foundation) – When Robert Nambaso and more than 30 other Maasai herding families leased some of … Read more

Exclusive: Tesla considering exporting Chinese-made electric cars to US sources

SHANGHAI, November 11 (Reuters) – TESLA (TSLA.O) Two people familiar with the planning are considering exporting electric cars made in China to the United States, a reversal that would reflect the automaker’s deep cost advantage at its Shanghai plant and sluggish demand from Chinese consumers. Tesla is studying whether parts made by its suppliers in … Read more

EXCLUSIVE: Thousands of workers fired in Qatar’s capital ahead of World Cup

Buildings housing Asian and African workers have been emptied Some residents gave two hours to leave the house World Cup highlights Qatar’s treatment of workers DOHA (Reuters) – Workers expelled from their homes told Reuters that Qatar has emptied housing complexes housing thousands of foreign workers in the same areas in the center of the … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Russia is largely preparing to avoid the new G7 oil price ceiling

LONDON (Reuters) – Russia can access enough tankers to ship most of its oil beyond the new Group of Seven price ceiling, industry players and a U.S. official told Reuters, underlining the limits of the most ambitious plan yet to rein in Moscow. Wartime proceeds. The Group of Seven agreed last month to limit Russian … Read more

Analysis: Indonesia’s defenses begin to crumble against the relentless dollar

SINGAPORE (Reuters) – The Indonesian currency is falling and foreign money in bond markets is heading out, raising fears that Southeast Asia’s largest economy is finally beginning to collapse after months of perceived resilience in the face of global headwinds. Despite its history of ruthless market beatings during times of global economic stress, Indonesia was … Read more

Analysis: Tesla may face its toughest challenges yet as the economy slows

SAN FRANCISCO, Oct. 4 (Reuters) – In July, Tesla (TSLA.O) CEO Elon Musk said the electric car maker had no problem with customer demand, just a problem making and shipping all of the consumers’ Model Ys and Model 3s they were willing to buy. This may no longer be true. Analysts are seeing early warning … Read more

Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls began to the Bank of England on Monday saying some … Read more

Exclusive: Europe braces for mobile network outage

PARIS / STOCKHOLM / MILAN (Reuters) – Cell phones would be unimaginable in Europe this winter if blackouts or power rationing disrupted parts of mobile phone networks across the region. Russia’s decision to halt gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine has increased the chances of an … Read more