WIESBADEN, Germany (Reuters) – Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds. Berger had already been sentenced to eight years in jail in…
By Paul Sandle LONDON (Reuters) – British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds ($38 billion). Asda, Britain’s third-largest grocer, and EG are both…
ANKARA (Reuters) – Turkey called on NATO hopeful Sweden on Tuesday to prosecute those responsible for projecting the flag of an outlawed group onto the parliament building in Stockholm, on the day of Turkish elections that extended President Tayyip Erdogan’s rule. A Swedish parliament spokesperson said a number of people projected messages onto the building…
BILLY-BERCLAU, France (Reuters) -Stellantis will need one or even two additional large factories for electric vehicles batteries in the United States to reach its output targets, the company’s chief executive, Carlos Tavares, said on Tuesday. Speaking to journalists at the inauguration of a so-called gigafactory in northern France, Tavares said the Franco-Italian carmaker would need…
KAMPALA (Reuters) – Uganda’s economy will expand by 6% in the next fiscal year that starts in July, an increase from a projected growth of 5.5% this year, boosted by petroleum industry-related investments, the finance ministry said on Tuesday. Ramathan Ggoobi, the finance ministry’s top technocrat, said in a statement that in the 2023/24 (July-June)…
By John Revill ZURICH (Reuters) -Switzerland’s Social Democratic Party has drawn up a proposal to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue, its lawmaker was quoted as saying on Tuesday. It was not clear, though, how much traction the proposal, which was presented by…
By Richa Naidu and Eva Mathews (Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades. Pitkethly, who has been with the maker of Dove soap since 2002, succeeded Jean-Marc Huët as finance chief in 2015….
By Elaine Lies TOKYO (Reuters) – A Japanese court ruled on Tuesday that not allowing same-sex marriage was unconstitutional, a decision activists welcomed as a step towards marriage equality in the only Group of Seven nation with no legal protection for same-sex unions. The ruling by the Nagoya District Court was the second to find…
WASHINGTON (Reuters) – The Transportation Security Administration screened nearly 9.8 million passengers over the four-day Memorial Day weekend – about 300,000 more than over the same holiday period in 2019, the agency said on Tuesday. The agency said it screened 2.74 million passengers on Friday alone, the highest number in a single day since November…
By Joice Alves and Scott Murdoch LONDON/SYDNEY (Reuters) – European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. Longer-dated U.S. Treasuries rallied as traders…
