By Valentyn Origenko KYIV (Reuters) – Russia launched a new wave of overnight air strikes on Kyiv, with officials at the Ukrainian capital saying that air defence systems downed more than 20 cruise missiles on their approach. “All were shot down, there were no hits,” Serhiy Popko, head of Kyiv’s military administration, said on the…
(Reuters) -German industrial orders fell unexpectedly in April, dragged down by large-scale orders, data from the federal statistics office showed on Tuesday. Industrial orders fell by 0.4% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a 3.0% increase. Excluding large-scale orders, there was an…
KYIV (Reuters) – The destruction of the Kakhovka dam in southern Ukraine poses a threat to the Zaporizhzhia Nuclear Power Plant, but the situation at the facility is under control, Ukraine’s state atomic power agency said on Tuesday. The U.N. nuclear watchdog, the International Atomic Energy Agency, said on Twitter it was closely monitoring the…
By Patrick Werr CAIRO (Reuters) – Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency. Few of its grand projects are generating additional hard currency inflows, while foreign…
By Corina Pons and Helen Reid MADRID (Reuters) – Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M. Inditex, the world’s largest fashion retailer, reports results for the February-April period on Wednesday. H&M will give an…
By Selena Li HONG KONG (Reuters) – BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world’s second-largest economy. BlackRock, the world’s largest asset manager, said Tang “has expressed an interest in exploring opportunities” outside…
By Michael Martina and Martin Quin Pollard WASHINGTON/BEIJING (Reuters) – When a Chinese warship came within 150 yards of a U.S. destroyer in the Taiwan Strait on Saturday and forced it to slow down, it was the second time in a matter of days in which Chinese and U.S. military personnel came close to a…
By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What’s more, even with inflation starting to ease across Europe, the signs are that Germany’s famously thrifty shoppers…
By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What’s more, even with inflation starting to ease across Europe, the signs are that Germany’s famously thrifty shoppers…
By Clare Jim and Liangping Gao HONG KONG (Reuters) -China property stocks listed in Hong Kong jumped as much as much as 7.9% on Tuesday, as investors clung to hopes that Beijing would roll out more supportive measures soon to bolster the embattled sector. Once a pillar of economic growth, the sector has softened since…
