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(Reuters) - Italy has planned to sign a memorandum of understanding to become part of China’s Belt and Road Initiative, the Financial Times reported on Tuesday. "The negotiation is not over yet, but it is possible that it will be concluded in time for visit," the newspaper reported on.ft.com/2EEhKv3 quoting Michele Geraci, the undersecretary in the Italian economic development ministry. The Belt...
MADRID (Reuters) - Holders Real Madrid were sensationally knocked out of the Champions League on Tuesday after being thrashed 4-1 at home by an outstanding Ajax Amsterdam who overturned a first-leg deficit to reach the quarter-finals 5-3 on aggregate. The humiliating defeat completed a miserable week for Real, who have monopolised the competition since 2016 and are now left with...
NEW DELHI/SINGAPORE (Reuters) - High-resolution satellite images reviewed by Reuters show that a religious school run by Jaish-e-Mohammad (JeM) in northeastern Pakistan appears to be still standing days after India claimed its warplanes had hit the Islamist group’s training camp on the site and killed a large number of militants. The images produced by Planet Labs Inc, a San Francisco-based...
DEIR AL-ZOR PROVINCE, Syria (Reuters) - Some 200 Islamic State fighters surrendered after a ferocious battle over their last shred of territory in eastern Syria, but around 1,000 may still be holding out, a spokesman for the U.S.-backed Syrian force battling them said on Monday. The jihadist group faces defeat in Baghouz on the banks of the Euphrates, but it...
BEIJING (Reuters) - China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms as the government boosts stimulus to shore up an economy growing at its slowest pace in almost 30 years. The government is targeting economic growth of 6.0 to 6.5 percent in 2019, Premier Li Keqiang said at...
REUTERS - Activity in India’s huge service sector accelerated in February, partly due to an increase in domestic new business which induced firms to maintain a solid hiring pace, a private survey showed on Tuesday. This will provide some relief to policymakers and bolster hopes for a recovery in economic growth this quarter after Asia’s third-largest economy lost momentum in...
SINGAPORE (Reuters) - Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth. International Brent futures were at $65.25 a barrel at 0713 GMT, up 18 cents, or 0.3 percent, from their...
WASHINGTON (Reuters) - The United States is trying to prevent simmering tensions between India and Pakistan from impacting a third country: Afghanistan, where a fragile peace push is underway to try to end more than 17 years of war with Taliban insurgents. U.S. President Donald Trump’s administration has been publicly focused on lowering tensions between the nuclear-armed rivals since a...
NEW DELHI (Reuters) - India will induct the French-made Rafale combat jet in September, the chief of the Indian air force B.S. Dhanoa said on Monday. India has ordered 36 planes from Dassault Aviation as part of a modernisation programme of the air force which is phasing out its Soviet-era planes. Reporting by Sanjeev Miglani Our Standards:The Thomson Reuters Trust Principles.
SAN FRANCISCO (Reuters) - Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle maker. Chief Executive Elon Musk’s...

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