By Aleksandar Vasovic BELGRADE (Reuters) – After Serbia was rocked by two mass shootings in two days earlier in May, Branko, 54, surrendered his unlicensed arms under a government amnesty: four assault rifles, nine handguns, eight grenades and many boxes of ammunition. The huge cache of weapons handed over by just one veteran of the…
(Reuters) – U.S. automaker Ford Motor Co on Monday entered into a series of new deals to source battery-grade lithium, as it plans to scale up electric vehicle production and take advantage of government tax credits. Robust demand for environment-friendly vehicles has sent North American automakers scrambling for a steady supply of raw materials to…
(Reuters) – U.S. automaker Ford Motor Co on Monday entered into a series of new deals to source battery-grade lithium, as it plans to scale up electric vehicle production and take advantage of government tax credits. Robust demand for environment-friendly vehicles has sent North American automakers scrambling for a steady supply of raw materials to…
By Joanna Plucinska GENEVA (Reuters) -Europe’s business jet sector is putting its greenest foot forward at its flagship annual conference this week as it faces a downturn in flights on the back of commercial aviation’s rebound and growing pressure to become more sustainable. The European Business Aviation Convention & Exhibition (EBACE), hosted in Geneva, kicks…
WASHINGTON (Reuters) – The Federal Reserve may still need to raise its benchmark interest rate by another half-point this year, St. Louis Fed President James Bullard said, suggesting that any decision to pause on any increase at the upcoming June meeting won’t mark a full stop to the Fed’s tightening cycle. “The risk with inflation…
By Ruma Paul DHAKA (Reuters) -Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an “alarming decrease” in fuel reserves. It owes more than $300 million to six overseas companies, some of which have either sent fewer cargoes than scheduled…
(Reuters) -Minneapolis Federal Reserve President Neel Kashkari said on Monday it was a “close call” whether he would vote to raise interest rates or pause the central bank’s tightening cycle when it meets next month. Speaking on CNBC, Kashkari also said services inflation remained entrenched and that “it may be that we have to go…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – An alliance led by Thailand’s progressive Move Forward party on Monday signed an ambitious agreement to draft a new constitution, end monopolies and allow same-sex marriage, among other aims, but made no mention of a divisive royal insult law. The opposition Move Forward and Pheu Thai…
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next three to five years, after it posted a record first-quarter profit earlier this month. DBS, which is also Southeast Asia’s largest lender by…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
