FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion)…
By Alexander Marrow MOSCOW (Reuters) -Russia’s communications regulator on Wednesday demanded an explanation from Apple after applications operated by the Russian state-controlled tech firm VK were removed from the U.S. firm’s App Store. The regulator, Roskomnadzor, has been a thorn in the side of foreign tech firms, issuing fines over data storage violations and for…
By Paul Carrel and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) – Any intentional disruption to EU energy networks would meet a “robust and united response”, its top diplomat said, after several states said two Russian pipelines to Europe had been attacked, causing gas to spew into the Baltic Sea. It remained far from clear who might be…
SARAJEVO, Bosnia-Herzegovina (AP) — Facing an election this weekend, Bosnian Serb separatist leader Milorad Dodik blasted the West and praised Vladimir Putin over his policies in the Balkans, boasting that he is a rare European politician who can meet with the Russian president anytime he wishes. Dodik’s comments made at a preelection rally late Tuesday…
By Nina Chestney LONDON (Reuters) – If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis just as the crucial winter heating season begins. Naftogaz initiated a new arbitration proceeding against Gazprom earlier this month,…
SHANGHAI (Reuters) -China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008, while the offshore yuan hit a record low, pressured by expectations of more U.S. rate hikes. Currency traders said the yuan was reacting to broad greenback strength…
BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of relenting heading into winter, according to surveys on Wednesday. German consumer morale is projected to hit a new record low for the fourth consecutive month heading into October, according to the GfK institute, which said…
YOKOSUKA, Japan (AP) — Standing on the deck of an American destroyer at a naval base here on Wednesday, Vice President Kamala Harris directly challenged China by accusing it of “disturbing behavior” and “provocations” around Taiwan. Harris said the United States would in response “deepen our unofficial ties” to the disputed island that China views…
LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring. The central bank warned that crumbling confidence…
BEIJING (AP) — China’s yuan fell to a 14-year low against the dollar Wednesday despite central bank efforts to stem the slide after U.S. interest rate hikes prompted traders to convert money into dollars in search of higher returns. A weaker yuan helps Chinese exporters by making their goods cheaper abroad, but it encourages capital…
