ZURICH (Reuters) – ABB shareholders approved on Wednesday spinning off turbocharging business Accelleron, whose products increase engine output and raise efficiency while also reducing fuel consumption. ABB said in July it would spin off the business to shareholders with the aim of listing it on the SIX Swiss Stock Exchange in October. (Reporting by Oliver…
MOSCOW (AP) — Russian President Vladimir Putin said Wednesday that Moscow will press on with its military action in Ukraine until reaching its goals and mocked Western attempts to drive Russia into a corner with sanctions. Putin told at an annual economic forum in the far-eastern port city of Vladivostok that the main goal behind…
BERLIN (AP) — Germany is well-placed to get through this winter with enough energy thanks to efforts to shore up supplies in the face of Russian gas delivery cuts, Chancellor Olaf Scholz said Wednesday, dismissing criticism from the opposition. Center-right opposition leader Friedrich Merz charged in parliament that Scholz’s three-party coalition lacks any “strategic thinking”…
VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin said on Wednesday that Russia and the developing world had been “cheated” by a UN-brokered Ukrainian grain export deal, vowing to look to revise its terms to limit the countries that can receive shipments. Speaking at an economic forum in the city of Vladivostok in Russia’s Far East, Putin…
BERLIN (AP) — Germany’s parliament paid tribute to Mikhail Gorbachev on Wednesday, holding a minute of silence for the former Soviet leader who paved the way for German reunification 32 years ago. Flags at the parliament’s Reichstag building in Berlin were lowered to half-staff as lawmakers opened the day’s session, one of the first since…
LONDON (AP) — British Prime Minister Liz Truss is holding her first Cabinet meeting on Wednesday, after appointing a government diverse in race and gender and united in its support for the new leader’s staunchly free-market views. Truss will also face her political opponents for the first time as leader during the weekly Prime Minister’s…
Russian President Vladimir Putin and Chinese President Xi Jinping plan to meet next week in Uzbekistan, a Russian official said Wednesday, announcing a summit that could signal another step in warming ties between two powers that are increasingly facing off against the West. The meeting at the Shanghai Cooperation Organization — a political, economic and…
(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially…
TOKYO (AP) — Asian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that’s on track to break a three-week losing streak. Japan’s benchmark Nikkei 225 surged nearly 2.0% in morning trading to 27,964.16. Australia’s S&P/ASX 200 gained 0.8% to 6,783.80. South Korea’s Kospi edged up 0.4% to…
HONG KONG (Reuters) – State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group’s shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion), Alibaba auction platform showed on Wednesday. In July, Evergrande, the world’s most indebted property developer, said its unit, Evergrande Nanchang, had been ordered to pay…
