By John Revill ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages. Siemens will build new factories, research and development centres and training sites around the…
MOSCOW (Reuters) – Belarus, which is taking delivery of tactical nuclear weapons from its ally Russia, said on Thursday it had shot down a Ukrainian drone in a border region late last month. The rare incident in Gomel region was reported by the Belarusian border guard service, which did not explain why it had not…
By Linda Pasquini (Reuters) -German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment. The company now aims for annual sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion…
By Ananda Teresia and Kate Lamb JAKARTA (Reuters) – Indonesia’s Constitutional Court will on Thursday rule on a possible change to the country’s electoral system, a decision that has fuelled concerns about political interference in the upcoming February 2024 general and presidential polls. The case, brought by several politicians including from the ruling Democratic Party…
By Jeslyn Lerh SINGAPORE (Reuters) – Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. Brent crude futures rose 39 cents, or 0.6%, to $73.59 a barrel by 0630 GMT. U.S. West Texas…
By Yoruk Bahceli and David Milliken LONDON (Reuters) – Britain’s government bond market has seen its heaviest sell-off since last autumn’s “mini-budget” crisis, lifting two-year borrowing costs to their highest since July 2008 – but investors say there’s far less reason for panic than last year, and maybe even a bargain. Two-year gilt yields hit…
By Jonathan Landay and Andrew Gray (Reuters) – NATO members are racing to complete a plan to provide long-term support to Ukraine, but are wrestling with how best to assure the country’s security until it can join the military alliance, according to U.S. and European officials. With four weeks to go until a NATO summit…
By Sameer Manekar (Reuters) – Investors cut back short bets on emerging Asian currencies as most local central banks maintained their hold stance on interest rates, but remained in bearish territory for Malaysian ringgit and China’s yuan, a Reuters poll showed on Thursday. Since all the 10 poll responses were received before the U.S. Federal…
By Sofia Menchu GUATEMALA CITY (Reuters) -A Guatemalan court on Wednesday sentenced Jose Zamora, a well-known journalist whose work has criticized successive governments, to six years in prison for money laundering in a case that rights groups have branded an attack on free speech. Zamora has said the case against him is a “political persecution”…
(Reuters) – Japan is in talks to provide artillery shells to the United States to bolster stocks for Ukraine’s counteroffensive against Russia, the Wall Street Journal said on Thursday. The Asian nation is considering supplying 155-mm. artillery shells under a 2016 pact to share ammunition as part of its long-standing security alliance with the United…
