Reuters exclusively reported^[1] that Shanghai has compiled a list of data that can be transferred overseas without security assessments, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy. 

Economy

Reuters exclusively reported^[1] that Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, in a setback for the EU carmakers’ efforts to fend off Chinese rivals.

Business & Finance

Federal Reserve Bank of New York President John Williams told Reuters^[1] he welcomed the arrival of softer consumer inflation data but said that positive news is not enough to call for the U.S. central bank to cut interest rates sometime soon.

Reuters exclusively reported^[1] that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings.