LONDON (AP) — Britain and the European Union were once again at loggerheads over Brexit on Wednesday, after the U.K. government ramped up threats to scrap parts of its trade treaty with the bloc, saying the rules are blocking the formation of a new government in Northern Ireland. Foreign Secretary Liz Truss said the government…
By Sheila Dang (Reuters) – Elon Musk’s $44 billion deal to take Twitter Inc private could mark the end of the social media platform’s advertising business, many in the ad industry have worried. But in the weeks since April 25 when the Tesla Inc chief executive announced the deal, Madison Avenue’s attitude to Musk’s upcoming…
BERLIN (AP) — The European Union will no longer recommend medical masks be worn at airports and on planes starting next week amid the easing of coronavirus restrictions across the bloc, though member states can still require them, officials said Wednesday. The European Union Aviation Safety Agency said it hoped the joint decision, made with…
PRAGUE (Reuters) – Czech President Milos Zeman appointed central bank board member Ales Michl as the new governor on Wednesday, picking an opponent of the rapid policy tightening the central bank has delivered in the past year to tame soaring inflation. Michl, who has voted for stable rates at each policy meeting since last June…
By Tim Kelly TOKYO (Reuters) – Panasonic Corp forecast on Wednesday flat operating profits this business year as component shortages and rising material costs continue to pose a risk to earnings. The Japanese company predicted operating profit of 360 billion yen for the year to March 31, 2023, little changed from the 357 billion it…
TOKYO (AP) — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings. Toyota Motor Corp. reported Wednesday a profit of 533.8 billion yen ($4.1 billion) in the last quarter, down from 777.1 billion yen the previous fiscal year. Quarterly sales…
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support…
On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the U.S. Capitol, should he succeed in acquiring the social platform for $44 billion. But the day before, the Tesla CEO also said he agrees with the European Union’s new…
STOCKHOLM (Reuters) -Marlboro-maker Philip Morris International Inc (PMI) said on Wednesday it was making a recommended cash offer to buy tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share. It said the offer value for the Stockholm-listed company amounted to about 161.2 billion Swedish crowns ($16 billion). Swedish Match shares hit…
TOKYO (Reuters) – Panasonic Corp on Wednesday said it expects operating profit growth to be flat this business year as component shortages and rising material costs continued to pose a risk to earnings. The Japanese company forecast operating profit of 360 billion yen in the year to March 31, 2023, little changed from the 357…
