By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Thursday announced that 21 Coptic Orthodox Christians beheaded by Islamic State in Libya in 2015 are being recognised as martyrs by the Vatican. He revealed the move during a meeting with Pope Tawadros II of the Coptic Orthodox Church and said he was doing so…
By Asif Shahzad (Reuters) -Pakistan’s former Prime Minister Imran Khan was arrested on Tuesday by an anti-graft agency on corruption charges. Government officials alleged that Khan and his wife received land worth millions of dollars as a bribe from a real estate tycoon through a charitable trust. Khan and his aides have denied any wrongdoing….
By Christina Amann and Ilona Wissenbach BERLIN (Reuters) -A shooting at a Mercedes-Benz plant in the city of Sindelfingen in southwestern Germany left two men dead on Thursday, mounting pressure on Berlin to tighten the country’s already-strict gun laws. Police arrested the suspect, a 53-year-old man, who opened fire on the victims before security workers…
By Charlotte Van Campenhout AMSTERDAM (Reuters) -Amsterdam is banning fast-delivery grocery companies from setting up so-called dark stores in residential areas, the local city council decided late Wednesday, citing noise and nuisance complaints from the public. Dark stores, small distribution hubs used by burgeoning fast grocery services such as Gorillas and Getir, will only be…
By Ann Saphir (Reuters) – An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be necessary if inflation stays stubbornly high, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. There is some evidence high inflation “is coming down, but so far it’s been…
HOUSTON (Reuters) – Refiner Citgo Petroleum Corp has reported first quarter net profit of $937 million on strong motor fuel demand, high margins and refining output that exceeded its plants’ listed capacity. The results, compared to a profit of $245 million in the same period last year, continued a string of strong earnings by the…
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of the fully electric SUV in the first half of 2024, it said in a statement….
By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy. While some moderation in lending had been expected after a record first quarter, the…
MILAN (Reuters) -Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros ($1.17 billion), driven by a rebound in China and sustained growth in Europe. “Over the course of the first quarter China returned to be an engine of growth, driving a solid sales rebound in Asia Pacific,” the…
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of the State Property Fund said. Since his appointment to head the fund last September, Rustem Umerov has…
