PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of German group Volkswagen, wants to expand its electric vehicle range to six models by 2026, the company said, further boosting its ambitions in the shift to e-mobility. The company had previously aimed to launch three new electric models but said in a Tuesday evening release it…
By Nyasha Chingono and Wendell Roelf HARARE (Reuters) – Ben Gilpin is one of hundreds of commercial farmers who has been offered government compensation for being evicted from their land and farms two decades ago, and found the plan has come up short. Expelled from his 1,000-hectare farm during a land reform campaign led by…
SEOUL (Reuters) – Possible U.S. presidential candidate Ron DeSantis called on Wednesday for greater cooperation with South Korea as he visited Seoul on the second leg of a trip seen aimed at burnishing his foreign policy credentials for a presidential run. DeSantis, in a meeting with Prime Minister Han Duck-soo, vowed support for South Korean…
COPENHAGEN (Reuters) – Sweden’s Assa Abloy, the world’s biggest lockmaker, on Wednesday reported a smaller drop than expected in first-quarter operating profit following a “very strong” start to the year. Operating profit fell to 3.96 billion crowns from a year-earlier 4.00 billion. Analysts polled by Refinitiv had on average expected a profit of 3.69 billion…
ZURICH (Reuters) – Swiss financial regulator FINMA has labelled the recovery and resolution plans of two of Switzerland’s five systematically important banks as insufficient, it said on Wednesday. FINMA questioned the ability of Zuercher Kantonalbank (ZKB) and PostFinance to continue functioning in case they experienced a crisis. It said “ZKB has not yet built up…
BERLIN (Reuters) – German consumer sentiment is set to pick up in May as moderating energy prices and expected wage increases help to dissipate households’ initial fears about a loss in purchasing power, a GfK institute survey showed on Wednesday. The institute’s consumer sentiment index improved to -25.7 heading into May from a slightly upwardly…
(Reuters) – Canadian miner Teck Resources Ltd, the target of an unsolicited takeover bid by Swiss commodities giant Glencore, narrowly missed estimates for first-quarter profit on Wednesday. Teck reported an adjusted profit of C$1.81 per share for the three months ended March 31, compared with the average analyst estimate of C$1.82, according to Refinitiv IBES…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean display panel maker LG Display on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates. Amid depressed global demand for devices like computers and monitors, LG Display slumped to…
By Anant Chandak BENGALURU (Reuters) – Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and oil production cuts take a toll on revenues, a Reuters poll found. Oil prices have spiked nearly 20% since they hit this year’s…
By Luc Cohen, Jack Queen and Jonathan Stempel NEW YORK (Reuters) – E. Jean Carroll’s accusation that Donald Trump raped her was not a “he said, she said” dispute, a lawyer representing the writer told jurors on Tuesday as a civil trial over the former U.S. president’s conduct nearly three decades ago got under way….
