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China – grappling with one of its coldest Decembers on record – will likely have to brace for another round of scorching heat and an increase in extreme weather next year due to the El Nino weather phenomenon, a senior climate expert said. This year has seen China lurch from …

India turned a net importer of finished steel in the first eight months of the fiscal year that began in April with shipments from China reaching their highest in five years, according to provisional government data seen by Reuters on Wednesday. China was the top exporter of finished steel to …

World stocks rallied to their highest levels since late 2022 on Wednesday, with year-end optimism high on hopes that major central banks such as the U.S. Federal Reserve will start cutting interest rates early next year. U.S. stock futures were flat a day after the S&P 500 touched its highest …