BRUSSELS (AP) — Even before Air Force One touches down in Brussels to bring President Joe Biden to three Ukraine summits on Thursday, Western allies have already found what they are looking for — that all too rare sense of unity. They have Russian President Vladimir Putin to thank for that. After Russia’s invasion of…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden has few appealing policy options to get record high U.S. gasoline prices under control ahead of the critical summer driving season, when millions of Americans fill their tanks and hit the road for vacations. “The President and our national security team and our economic team…
FRANKFURT (Reuters) -A pay increase for thousands of workers at Deutsche Bank’s retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry after months of wrangling and strikes. The deal, sealed on Tuesday evening, comes as inflation in Germany hovers above 5% and after Deutsche paid…
LONDON (AP) — The Dubai government-owned ferry operator at the center of a bitter labor dispute in Britain says it didn’t break the law when it fired 786 crew members without advance notice because they all worked on ships registered outside the U.K. P&O Ferries also acknowledged in a letter dated Wednesday that the way…
BARCELONA (Reuters) – Volkswagen’s planned battery cell plant in Spain will be located in Sagunto, on the outskirts of Valencia, and will have around 3,000 employees and a production of 40 gigawatt hours (GWh) a year, the carmaker said on Wednesday. The German group has embarked in an ambitious plan to build six large battery…
By Andy Bruce LONDON (Reuters) -British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday. The Office for National Statistics said consumer prices rose by 6.2%…
ROME (Reuters) -Automotive Cells Company (ACC), a joint venture between Stellantis , Mercedes-Benz and TotalEnergies, said on Wednesday it plans to build a battery plant in Italy. ACC will convert an existing Stellantis plant in Termoli, in southern Italy, into a battery facility as agreed in a March 21 memorandum of understanding with Italian authorities….
NEW YORK (AP) — When Alexei Navalny was arrested in January 2021, tens of thousands of Russians filled the streets in protest, demanding that the top Kremlin critic be released and chanting slogans against President Vladimir Putin. Thousands were arrested. In the months since then, Navalny was given 2½ years in prison. His organization, close…
ROME (Reuters) – Automotive Cells Company (ACC), a joint venture Stellantis has with Mercedes-Benz and TotalEenergies, said on Wednesday it plans to invest in Italy to build a battery plant. ACC said it would add to its facilities in France and in Germany a third production site in Termoli, in southern Italy, as agreed in…
Stocks slipped Thursday in Asia following a retreat on Wall Street as crude oil prices rose sharply. Tokyo, Hong Kong and Shanghai were lower while Sydney edged higher. U.S. futures rose and U.S. benchmark crude oil was trading near $116 per barrel. After a rally last week, markets have been up and down this week…
