JOHANNESBURG (Reuters) – South Africa’s President Cyril Ramaphosa has appointed a panel to investigate U.S. allegations that a Russian ship had collected weapons from a naval base near Cape Town last year, the presidency said in a statement on Sunday. The U.S. ambassador to South Africa Reuben Brigety said on May 11 that he was…
TOKYO (Reuters) – Daimler Truck Holding AG and Toyota Motor Corp have struck a preliminary deal to combine their truck units in Japan, the companies said on Tuesday. Under the memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors Ltd would be combined under a…
ISTANBUL (Reuters) – Tayyip Erdogan extended his rule into a third decade by defeating Kemal Kilicdaroglu in Turkey’s presidential election on Sunday. Here are details on how it unfolded: WHAT WERE THE FINAL RESULTS? In the first round of elections on May 14, Erdogan received 27.13 million votes and his rival Kilicdaroglu 24.60 million votes,…
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves total investment of 2 billion euros ($2.20 billion) – with…
By Christoph Steitz HAMBURG (Reuters) – Siemens Energy is considering setting up production in the United States to help modernise the country’s power grid, keen for a slice of what is expected to be a multitrillion-dollar market following the Inflation Reduction Act (IRA). The deliberations are part of a broader rethink at the German power…
By Tommy Wilkes LONDON (Reuters) -Lloyd’s of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of “political attacks” on insurers in the United States. Lloyd’s joined Australia’s QBE Insurance in withdrawing from the Net-Zero Insurance…
LONDON (Reuters) – Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about banks. The rush into money market funds continued in the week to Wednesday, with $23.1 billion flowing into the cash-like instruments, according to BofA,…
MELBOURNE (Reuters) – BHP Group has teamed up with Microsoft Corp to improve copper recovery from its Escondida mine in Chile, the world’s biggest copper mine, by using machine learning and artificial intelligence, it said on Tuesday. BHP estimates the world needs to double the amount of copper produced over the next 30 years to…
(This May 29 story has been refiled to fix a typographical error in paragraph 19) By Khalid Abdelaziz and Aidan Lewis DUBAI (Reuters) – Sudan’s warring military factions agreed on Monday to a five-day extension of a ceasefire agreement, after renewed heavy clashes and air strikes in the capital threw fresh doubts on the effectiveness…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation. The island nation defaulted on its foreign debt for the first time in April last year, as the worst financial crisis…
