(Reuters) – French carmaker Renault SA is open to reducing its stake in Japanese automaker Nissan Motor Co Ltd, Bloomberg News reported on Saturday, citing people familiar with the discussions. According to the report, Nissan is pressing Renault to reduce its stake to 15%. The French automaker owns about 43% of Nissan. The reduction would…
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will regulate import authorizations more closely in an effort to prevent fraud and preserve reserves of U.S. dollars, Economy Ministry sources said on Saturday. The new system will include verification that the size of an importer’s request is consistent with its financial resources; requiring importers to designate…
(Reuters) – Ukraine’s economy shrank by an estimated 30% in the first three quarters of 2022 compared with the same period in 2021, largely due to Russia’s invasion, the economy ministry said on Saturday. Bad weather in September that slowed the pace of harvesting also played a role, as did interruptions in supply from the…
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after it surprised markets by cutting rates twice in the last two months. “As long as this brother of yours is in this…
BERLIN (AP) — Ukraine’s Zaporizhzhia nuclear power plant, the biggest in Europe, has lost its last remaining external power source as a result of renewed shelling and is now relying on emergency diesel generators, the U.N. nuclear watchdog said Saturday. The International Atomic Energy Agency said the plant’s link to a 750-kilovolt line was cut…
LONDON (AP) — Most train services across the U.K. were canceled Saturday as thousands of rail workers staged the latest in a string of strikes over jobs, pay and working conditions. The 24-hour walkout by 40,000 cleaners, signalers, maintenance workers and station staff was the third in a week, and part of a surging wave…
BERLIN (AP) — A train communications system in Germany was targeted by sabotage Saturday, forcing both passenger and cargo trains to halt for nearly three hours across the northwest of the country, authorities said. Operator Deutsche Bahn said early Saturday that no long-distance or regional trains were running in the states of Hamburg, Schleswig-Holstein, Lower…
BEIJING (AP) — China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech…
MILAN (Reuters) – The Italian economy will grow more than expected in 2022 but will stagnate in 2023, the country’s main business lobby said on Saturday, warning that tensions between the European Union and Russia over gas supplies made the outlook highly uncertain. In a report Confindustria downgraded its expectation for GDP growth in 2023…
LONDON (AP) — The death toll from a gas station explosion that shattered a small village in northwest Ireland rose to 10 on Saturday, and emergency workers who combed through piles of rubble said they did not expect to find more bodies. Irish police said no one remained missing after Friday’s explosion in Creeslough, County…
