By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a battle to bring down costs. British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest…
By Maayan Lubell JERUSALEM (Reuters) -Israeli lawmakers on Tuesday gave an initial nod to a bill that limits Supreme Court power to rule against the government after Prime Minister Benjamin Netanyahu announced he would press on with contentious changes to the justice system. In a stormy session broadcast live, Parliament’s constitution committee, dominated by Netanyahu’s…
By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. “I don’t believe that much of…
By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6% last month as the U.S….
By Stephanie van den Berg and Maya Gebeily THE HAGUE/BEIRUT (Reuters) – In the early years of Syria’s brutal conflict, top government officials established and directed paramilitary groups known as shabbiha to help the state crack down on opponents, war crimes investigators have documented. In a report shared with Reuters, the Commission for International Justice…
By Boldizsar Gyori BUDAPEST (Reuters) – Hungary’s foreign minister said on Tuesday that he had been in touch with his Turkish counterpart about a ratification of Sweden’s NATO membership and if there is a shift in Turkey’s stance Hungary will not delay the process. Sweden, dropping a longtime policy of military non-alignment following Russia’s invasion…
By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.28% at 1340 GMT to 144.26 yen, after rising…
By Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday welcomed NATO’s decision to extend Secretary General Jens Stoltenberg’s term by a further year, opting to stick with an experienced leader as war continues to rage on the alliance’s doorstep rather than try to agree on a successor. Stoltenberg, a former prime minister…
By Anna Voitenko and Ivan Lyubysh-Kirdey KYIV (Reuters) – Tearful mourners filled one of central Kyiv’s main cathedrals on Tuesday to honour a prominent Ukrainian writer and war-crimes researcher killed in a Russian missile strike on a cafe in eastern Ukraine. Victoria Amelina, 37, died on July 1 from injuries sustained during the June 27…
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand, data showed on Tuesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) dipped to a seasonally adjusted 48.8 in June from 49.0 in May. A reading below…
