By Julie Zhu and Kane Wu HONG KONG (Reuters) – China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been…
BERLIN (AP) — Germany’s main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine’s level at Emmerich, near the Dutch border, dropped by a further four centimeters (1.6 inches) in 24…
By Davide Barbuscia NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic. Most U.S. and European banks had pulled back from…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday reported disappointing second-quarter sales in the U.S. market, prompting its shares to fall, but reaffirmed its annual forecast, saying higher costs of living had not impacted jewellery buying. Shares in Pandora, the world’s largest mass-market jewellery brand with more than 6,400 stores worldwide, fell…
KYIV, Ukraine (AP) — Explosions and fires ripped through an ammunition depot in Russia-annexed Crimea on Tuesday in the second suspected Ukrainian attack on the peninsula in just over a week, forcing the evacuation of more than 3,000 people. Russia blamed the blasts in the village of Mayskoye on an “act of sabotage” without naming…
ROME (AP) — With a message that blends Christianity, motherhood and patriotism, Giorgia Meloni is riding a wave of popularity that next month could see her become Italy’s first female prime minister and its first far-right leader since World War II. Even though her Brothers of Italy party has neo-fascist roots, Meloni has sought to…
NAIROBI, Kenya (AP) — Kenyan opposition figure Raila Odinga said Tuesday he’ll challenge the results of the close presidential election with “all constitutional and legal options” after Deputy President William Ruto was declared the winner, bringing new uncertainty to a country where the vote was widely considered to be its most peaceful. Now East Africa’s…
NEW YORK (AP) — Stocks edged lower in morning trading on Wall Street Tuesday as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 fell 0.2% as of 10:26 a.m. Eastern. The Dow Jones Industrial Average rose 79 points, or 0.2%, to 33,991 and the Nasdaq fell 0.9%. Walmart jumped 5.7%…
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of U.S. stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion. The PIF acquired 213,000 class A shares in Alphabet, 4.7 million class A shares…
With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to Russia’s economy…
