Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels. 

The post India, China propose ‘multiple pathways’ on cutting use of fossil fuels appeared first on Reuters News Agency.

The day after India’s Go Airlines filed for bankruptcy, Reuters exclusively reported that its owner does not intend to exit the cash-strapped airline. In its bankruptcy filing, India’s third-largest airline, which recently re-branded as Go First, claimed its failure followed a refusal by Pratt & Whitney to abide by an arbitration order to release spare leased engines that would have allowed it to return to full operations. 

The post Go First owner has no plans to exit airline: CEO appeared first on Reuters News Agency.

Reuters exclusively reported that Tesla has begun producing the Model Y in Shanghai with the intention to sell it in Canada this year, marking the first time it will ship cars to North America from China. Because of the cheaper pricing on the new version of the Model Y, both the entry-level version of the vehicle and a more expensive upgrade qualify for subsidies under the Canadian government’s EV support package.

The post Tesla readies export of Model Y to Canada from China appeared first on Reuters News Agency.

Reuters exclusively reported that members of China’s “interest rate self-regulatory mechanism,” mostly banks, met this month and were urged to reduce deposit rates as a way to guide the country’s savings into spending and more productive investments.

The post China guides banks to further cut deposit rates appeared first on Reuters News Agency.

Reuters exclusively revealed that New Delhi has rejected Pernod Ricard’s (PERP.PA) application to renew its liquor sale license, citing ongoing investigations into the company – the latest blow to the French spirits giant in the critical growth market of India.

The post <strong>New Delhi city refuses to renew Pernod’s liquor sale license, cites probes</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that state-owned China Mobile Ltd (0941.HK) is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd (1310.HK), which could spark a bidding war for the firm currently valued at $1 billion. 

The post <strong>China Mobile explores acquiring Hong Kong telecom firm HKBN </strong> appeared first on Reuters News Agency.

Efraín Alegre, Paraguay’s main opposition presidential candidate exclusively told Reuters he will favor “austerity” to cut public sector spending over raising taxes on the country’s farmers if he wins the country’s April 30 election.

The post <strong>Paraguay opposition leader plans state ‘austerity’ vs tax hikes on farmers</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that Japan’s third-biggest automaker by sales is seeking a partner outside the auto industry to develop software that connects vehicles to cloud-based services.

The post <strong>Nissan takes its own road, minus Renault, in seeking tech tie-up</strong> appeared first on Reuters News Agency.