By Makiko Yamazaki, Kane Wu and Scott Murdoch TOKYO/HONG KONG (Reuters) – Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said…
ROME (AP) — Italy’s political landscape shifted Wednesday after Foreign Minister Luigi Di Maio formalized his departure from the 5-Star Movement, splitting with the party he helped found over its Ukraine policy. Di Maio announced his departure after Premier Mario Draghi briefed the Senate on Italy’s continued commitment to helping Ukraine defend itself against Russia….
STROE, Netherlands (AP) — Thousands of farmers gathered in the central Netherlands Wednesday to protest the Dutch government’s plans to rein in emissions of nitrogen oxide and ammonia, driving their tractors across the Netherlands and snarling traffic on major highways. The protest was organized earlier this month after the government published nationwide targets for reducing…
BERLIN (Reuters) – Lockheed Martin said on Wednesday it could deliver first F-35 fighter jets to Germany in 2026 and expects more orders for the aircraft in Europe as Greece and the Czech Republic have expressed significant interest. “You’ll hear more about it soon,” J.R. McDonald, the vice president of F-35 business development at Lockheed…
LONDON (Reuters) – The Bank of England will “act forcefully” to combat rising prices, British finance minister Rishi Sunak said on Wednesday, as data showed UK inflation had hit a new 40-year high of 9.1% in May. Sunak told reporters that Britain had “all the tools we need” to bring down inflation. “Firstly, the Bank…
LONDON (Reuters) -Mike Ashley’s Frasers Group said on Wednesday it has increased its maximum exposure to Hugo Boss to $937 million and reiterated its support for the German fashion brand’s strategy and management team. Frasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 4.9% of…
SEOUL, South Korea (AP) — South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world. The Seoul Southern District Prosecutor’s Office said Wednesday it plans to summon them for…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe told Parliament the South Asian country is “facing a far more…
ANKARA, Turkey (AP) — Turkey and Saudi Arabia on Wednesday declared their determination to start a “new era of cooperation” during a visit by Saudi Crown Prince Mohammed bin Salman, as they set aside years of acrimony following the brutal slaying of a Saudi columnist. The Turkish fiancée of the slain journalist meanwhile, decried the…
MOSCOW (Reuters) – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia’s trade surplus. At 0734 GMT, the rouble was 1.4% stronger against the dollar at 53.07, earlier strengthening to 52.80, its strongest mark since June…
