By Dina Kartit (Reuters) – French tyre maker Michelin said on Friday it was selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tyre distributor in the country. The group did not provide details on the sale price. A group’s spokesman did not respond to a Reuters…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union faces a challenge to convince its members to relinquish authority over export controls as it aims to bring in an EU-wide system that would also monitor outbound investment, European Trade Commissioner Valdis Dombrovskis said on Friday. The European Commission intends to present its “Economic Security Strategy”…
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) – Wall Street and European shares rose on Friday as the White House and congressional Republicans worked on the final touches on a U.S. debt ceiling deal. Treasury yields rose as investors rethought how long interest rates were likely to keep rising. [US/] The MSCI world…
By Guy Faulconbridge MOSCOW (Reuters) -A senior ally of President Vladimir Putin said on Friday the conflict in Ukraine could last for decades and that negotiations with Ukraine were impossible as long as Ukraine’s Western-backed President Volodymyr Zelenskiy was in power. Russia’s 2022 invasion of Ukraine has triggered the deadliest European conflict since World War…
By Rajesh Kumar Singh, Doyinsola Oladipo, David Shepardson (Reuters) -After two successive summers of travel chaos, U.S. airlines are going all out to prevent large-scale flight disruptions in the face of rising demand. Carriers have trimmed flight schedules, beefed up staffing, and invested in airport infrastructure and technology to be ready for the busiest travel…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Friday he had a phone call with Russian counterpart Vladimir Putin and reaffirmed his willingness to establish peace talks with both sides of the war in Ukraine. Lula tweeted he had also thanked Putin for an invitation to attend an economic forum…
THE HAGUE (Reuters) – The Netherlands is “seriously considering” sending F-16 fighter jets to Ukraine but has not taken any final decision yet, Dutch Prime Minister Mark Rutte said on Friday. Earlier this week the Netherlands said it wanted to start training Ukrainian pilots in flying F-16’s as soon as possible. Asked if the Netherlands…
(Reuters) – Canada’s Competition Bureau on Friday made several recommendations for a more competitive legal cannabis industry in the country and to safeguard it from illicit market activity. The recommendations include review of the cannabis licensing process and related costs, adjustments in THC limits for edible cannabis products, and easing of restrictions on cannabis promotion,…
TOKYO (Reuters) -Japanese startup ispace inc’s failed Hakuto-R moon landing mission last month was caused by an altitude miscalculation that meant the spacecraft ran out of fuel, the company said on Friday. Tokyo-based ispace lost connection with the Hakuto-R Mission 1 lander after the spacecraft attempted what would have been the world’s first commercial soft-landing…
By John Revill ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore’s International Commercial Court said a unit of Credit Suisse had not…
