MILAN (Reuters) – KKR remains interested in taking over Telecom Italia, the U.S. investment firm said in a letter to the Italian phone group this week, adding it had held “positive exchanges” with Italian authorities on the matter, two people close to the matter said. In the letter which Telecom Italia (TIM) will examine on…
SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker BYD said on Thursday it has signed a strategic cooperation agreement with Shell that will see the two partner up on ventures in both China and Europe. BYD said on its official WeChat account that it and Shell would set up a mobility service provider partnership in…
BELEK, Turkey (AP) — After losing two years to the COVID-19 pandemic, shopkeepers in the heart of the Turkish Riviera had hoped for a strong tourism season this year to help keep their businesses afloat. But Russia’s war in Ukraine is fast dampening their spirits. “We’re trying to earn our bread through tourism, but it…
BRUSSELS (Reuters) – European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months at the Ukrainian central bank rate, a draft EU document showed. The agreement is aimed at helping millions of Ukrainian refugees, who…
PARIS (Reuters) -Renault shares fell early on Thursday after the French carmaker announced it was suspending operations at its plant in Moscow while Russian partner Avtovaz vowed to cut its reliance on imported components. Renault shares fell as much as 2.2% before paring losses to trade flat at 0847 GMT, lagging France’s CAC 40 blue…
TOKYO (AP) — The scandal at a top Japanese brokerage widened as the vice president of SMBC Nikko Securities was arrested Thursday and the company was charged with stock manipulation. The arrest of Toshihiro Sato on charges of violating securities regulations followed arrests earlier this month of four other employees of the Tokyo-based company on…
MEDYKA, Poland (AP) — As Russia launched its war in Ukraine last month, exhausted and frightened refugees arrived in neighboring countries. They carried whatever they could grab in a hurry. Many cried. They still do. The United Nations says that more than 3.6 million people have fled Ukraine since the war started exactly one month…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles. KoBold, which uses artificial intelligence and machine learning to hunt for raw materials, last year secured a 51% stake in…
LONDON (AP) — Britain’s treasury chief is defending his spending priorities after have critics attacked him for not doing enough to help families struggling with the biggest cut in living standards on record. Chancellor Rishi Sunak said Thursday that he understood families were struggling with rising prices but his options were limited because he is…
LONDON (Reuters) – The dollar strengthened as oil prices steadied, commodity currencies pulled back from some of their recent gains and the Japanese yen sunk to its lowest since 2015. Equity markets were volatile, struggling to make gains in the Asian session, after more hawkish comments from the U.S. Federal Reserve made investors more cautious….
