By Allison Lampert, Joanna Plucinska and Maiya Keidan PARIS/TORONTO (Reuters) – A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. The world’s largest air show tends to focus on…
By Edward McAllister and David Lewis DAKAR/NAIROBI (Reuters) – Mali’s unexpected demand for the departure of U.N. peacekeepers may herald a sudden end to a decade-long mission that has struggled to protect civilians and its own troops, raising fears the country could slide deeper into chaos amid an Islamist insurgency and the possible revival of…
JERUSALEM (Reuters) -Israel’s nationalist-religious government on Sunday tabled plans to approve thousands of building permits in the occupied West Bank, despite U.S. pressure to halt settlement expansion that Washington sees as an obstacle to peace with Palestinians. The plans for approval of 4,560 housing units in various areas of the West Bank were included on…
By Uditha Jayasinghe COLOMBO (Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales on JD.com’s e-commerce site during China’s mid-year shopping festival – the first major shopping event since the country’s reopening – grew more than expected, according to brokerages’ estimates based on data they have received. The Chinese e-commerce giant saw sales rise 6-8% over the 618 festival…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales on JD.com’s e-commerce site during China’s mid-year shopping festival – the first major shopping event since the country’s reopening – grew more than expected, according to brokerages’ estimates based on data they have received. The Chinese e-commerce giant saw sales rise 6-8% over the 618 festival…
By Fabian Cambero SANTIAGO (Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s largest copper producer, to lead the charge of developing the white metal needed for electric vehicle batteries. Chile is already the world’s No. 2 producer of lithium after Australia. But demand…
By Jan Strupczewski BRUSSELS (Reuters) – The European Commission on Monday proposed changes to the way investors pay withholding tax in the European Union, to attract more cross-border trade in securities and help develop the bloc’s capital market. The Commission’s proposal is to make sure cross-border investors pay the correct amount of withholding tax from…
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s poll body certified the results of last month’s election on Monday, paving the way for the first session of parliament in the next few weeks ahead of the formation of a new government. The election commission said it had endorsed the winners of all 500…
DUBAI (Reuters) -Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by Saudi Arabia’s Crown Prince…
