LONDON (Reuters) -Remy Cointreau's shares rose 6.8% on Friday after it reported a far smaller-than-expected fall in fourth-quarter sales, saying "significant growth" in China helped drive a surprise uptick at its cognac division. Remy, which makes over 70% of its sales from cognacs such as Remy Martin, has been grappling with difficult conditions in its two major markets, China and the United States, forcing it to cut its full-year forecast in October. Analysts had been expecting it to post a 3.4% decline in organic sales in the three months to end-March, with flat cognac sales at 0.5%.
WASHINGTON (Reuters) -Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United States, citing ongoing "anti-competitive policies of the Chinese government." In February, the U.S. Transportation Department said Chinese passenger airlines could boost weekly round-trip U.S. flights to 50 starting on March 31, up from the current 35, about a third of pre-pandemic levels. U.S. carriers were authorized as well to fly 50 flights per week but are currently not using all those flights.
WASHINGTON (Reuters) -Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United States, citing ongoing "anti-competitive policies of the Chinese government." In February, the U.S. Transportation Department said Chinese passenger airlines could boost weekly round-trip U.S. flights to 50 starting on March 31, up from the current 35, about a third of pre-pandemic levels. U.S. carriers were authorized as well to fly 50 flights per week but are currently not using all those flights.
EU states and lawmakers clinched a deal on Tuesday to expand Europe's clean tech production, from solar and wind to carbon capture, as the bloc faces off with China and the United States.Brussels wants to reduce its reliance on China and make Europe more attractive for investment after the United States unleashed a $369 billion bonanza of clean technology subsidies last year.
China and the United States on Tuesday resumed talks on curbing the production of ingredients to make fentanyl, as the two powers seek to rebuild frayed channels of communication on hot-button issues.- 'Zero tolerance' -
The United States says it hopes the talks will "provide a platform to facilitate ongoing coordination designed to tackle the illicit production, financing, and distribution of illicit drugs".