Intel Corp said on Friday it would invest $20 billion to build two new plants in Ohio that would develop and manufacture advanced semiconductor chips, as it races to catch up with rivals in other parts of the world.

LONDON (Reuters) -British retail sales slumped in December after consumers did much of their Christmas shopping earlier than usual in November and many consumers stayed at home due to the spread of the Omicron coronavirus variant.

The Bank of England will press ahead with its tightening cycle next month as red-hot inflation runs well ahead of target and the economic threat from the Omicron coronavirus variant should prove milder than previous mutations, a Reuters poll found.

Lithuania is under pressure from German companies to back down in a dispute with China to end a blockade of the Baltic state, as European trade officials struggle to defuse the row, people familiar with the matter said.

LONDON (Reuters) -British retail sales slumped in December after consumers did much of their Christmas shopping earlier than usual in November and many people stayed at home due to the spread of the Omicron coronavirus variant.

China Evergrande Group has asked offshore bondholders to disclose holdings to prepare a bondholder identification list, according to a letter seen by Reuters.