BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. The government had announced shortly after taking office in December that, starting in 2023, it would only provide payments for electric vehicles that “demonstrably have a…
BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point. Hong Kong’s benchmark Hang Seng index slipped 0.6% to 20,554.09 after the territory’s Monetary Authority matched the Fed’s 0.75 percentage point rate hike…
(Reuters) -Boeing Co on Wednesday stuck to its goal of generating free cash flow this year and said it was in the “final stages” of preparing to restart 787 Dreamliner deliveries. Shares of the planemaker rose 3.6% in premarket trading, even as it posted an adjusted second-quarter loss on charges related to its defense and…
BERLIN (Reuters) – Germany’s state Economic Stabilisation Fund (ESF) has cut its stake in Deutsche Lufthansa to less than 10%, the Federal Finance Agency said on Wednesday, citing stabler conditions at the group. The ESF took a 20% holding in Lufthansa as part of a government bailout to keep the airline afloat through the COVID-19…
BERLIN (AP) — Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the…
Shipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold. The…
DOUALA, Cameroon (AP) — Off the coast of West Africa, the Trondheim is a familiar sight: a soccer field-sized ship, plying the waters from Nigeria to Mauritania as it pulls in tons of mackerel and sardines — and flying the red, yellow and green flag of Cameroon. But aside from the flag, there is almost…
BERLIN (Reuters) -Gas flows through Nord Stream 1 fell to a fifth of the pipeline’s capacity on Wednesday, prompting Germany’s network regulator to issue another plea to households and industry to save gas and avoid rationing. The cut in flows comes two days after the pipeline’s majority owner Gazprom flagged further reductions in deliveries, the…
BERLIN (AP) — More than 1,000 Lufthansa flights were canceled Wednesday because of a one-day strike by the airline’s German ground staff, affecting tens of thousands of passengers in the latest travel turmoil to hit Europe. About 134,000 passengers had to change their travel plans or cancel them altogether. At least 47 connections were canceled…
MILAN (Reuters) – Italy’s antitrust authority said on Wednesday it had opened an investigation against Samsung in Italy and two other companies over alleged misleading and aggressive commercial practices. The regulator said it was looking into the deals offered by the companies to customers seeking to buy new mobile phones while selling their used devices…
