Stories from Reuters
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China Evergrande shares tumble 25%
Police detain staff at company’s wealth management division
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IMF to urge China to shift growth model
MD wants it to focus on domestic consumption, rein in local govt debt
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Lagarde seizes ECB colleagues’ handsets
Move comes to prevent leaks after Reuters revealed bank would raise inflation forecast
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Oil set for 3rd weekly gain
As supply tightens on Saudi production cuts, optimism on Chinese demand
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Citigroup starts layoff talks after management overhaul
Bank still employs people with overlapping functions, say sources
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Iraq-Turkey oil pipeline ready to resume operations soon
Pipeline contributes about 0.5% of global oil supply
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World needs $2.7tr for net zero emissions
Report says most countries are not on track to even meet emissions targets by 2030
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Tesla makes tech breakthrough in EVs
It will help Musk to achieve goal of halving production costs
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AI quietly reshapes Apple iPhones, Watches
Apple shows that it can use AI to improve basic functions rather than using it to transform its systems
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PM affirms commitment to development
Commits to collaborating with World Bank to uplift marginalised regions