FRANKFURT (Reuters) -Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors. The CEO of the nation’s top lender said Germany would “no longer be able to avert a…
LONDON (AP) — Liz Truss’s new Cabinet is Britain’s most diverse ever, with women serving as prime minister and deputy prime minister and Black and South Asian politicians filling many of the top jobs. While they come from different backgrounds, the new ministers share Truss’ small-state, free-market economic views and staunch support for Britain’s exit…
NEW YORK (AP) — Target is dropping the mandatory retirement age for its CEO, allowing Chief Executive Brian Cornell to stay on for three more years. Cornell, 63, would have passed the age of 65 in that span. Cornell took the helm at Target in 2014 when the discounter was grappling with a major data…
NEW DELHI (Reuters) – Intel Corp currently has no plans to establish a manufacturing facility in India, the company said in a statement on Wednesday. The comments came after India’s transport minister said earlier in the day that the chipmaker will set up a semiconductor manufacturing plant in the country. (Reporting by Munsif Vengattil in…
KYIV, Ukraine (AP) — Russia resumed shelling near Ukraine’s Zaporizhzhia nuclear power plant, a local official said Wednesday, a day after the U.N. atomic watchdog agency pressed for the warring sides to carve out a safe zone there to prevent a catastrophe. The city of Nikopol, on the opposite bank of the Dnieper River from…
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…
