By Mathieu Rosemain PARIS (Reuters) – Inflation may be past its peak in France, Bank of France Governor Francois Villeroy de Galhau said on Wednesday, after official data showed inflation cooled more than expected in May. Consumer prices dipped 0.1% over one month, giving an annual inflation rate of 6.0% after 6.9% in April, EU-harmonised…
By Nerijus Adomaitis BERGEN, Norway (Reuters) – Inspections of Norway’s offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep. However, risks remain after last year’s still-unexplained explosions at the Nord Stream pipelines built to carry Russian…
By Nerijus Adomaitis BERGEN, Norway (Reuters) – Inspections of Norway’s offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep. However, risks remain after last year’s still-unexplained explosions at the Nord Stream pipelines built to carry Russian…
By Noele Illien and Stefania Spezzati ZURICH (Reuters) – Hundreds of Credit Suisse’s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment…
BERLIN (Reuters) -Volkswagen will not participate in a discount battle in China “at any price”, Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday. The German carmaker is under growing pressure in its most important market from up-and-coming Chinese manufacturers who are more successful with electric cars than their Western rivals. “Volkswagen…
FRANKFURT (Reuters) – Policy normalisation by the Bank of Japan could test the resilience of global bond markets, the European Central Bank warned on Wednesday in an unusually strong message about policy prospects in another jurisdiction. Bank of Japan (BOJ) Governor Kazuo Ueda has said the central bank is unwavering in its stance of patiently…
By Daniel Trotta and Steve Gorman LOS ANGELES (Reuters) – A California appeals court overruled Governor Gavin Newsom on Tuesday to find Leslie Van Houten, one of Charles Manson’s murderous “family” of followers, entitled to parole after more than 50 years in prison for her part in the cult’s 1969 killing spree. Van Houten, 73,…
TAIPEI (Reuters) – Taiwan’s economic growth is likely to be low in the first half of the year under continuing global inflationary pressure, but export momentum may pick up in the second half, the island’s central bank said on Wednesday. Taiwan, home to major tech firms including the world’s largest contract chip maker TSMC, has…
By Josh Smith and Sakura Murakami SEOUL/TOKYO (Reuters) – North Korea is unlikely to be deterred from its quest to place cargoes in space, analysts said, even though a malfunction sent a new launch vehicle and the country’s first spy satellite crashing into the ocean on Wednesday. The secretive country considers its space and military…
(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said the model is limited to 300 units globally and that it has opened reservations in both U.S. and China. The startup also launched the regular FF 91…
