BERLIN (Reuters) – Mercedes-Benz Group sales in the second quarter rose 6% year-on-year – a total of 515,700 vehicles – on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday. Sales grew in all the carmaker’s main regions – Europe, Asia and North America – with deliveries in Germany…
SYDNEY (Reuters) – An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company’s history. The company, dominated by billionaire founder James Packer before he agreed to sell last year, agreed to the payment in…
MADRID (Reuters) -Spanish maritime rescue that dispatched a plane and a ship to search for a fishing vessel from Senegal with about 200 migrants on board and missing for nearly two weeks, on Monday discovered what appears to be a different migrant boat. The reconnaissance plane spotted a boat 71 miles (114 km) to the…
PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four years of declines. The increase marks an acceleration from the 9% growth in sales reported in the first quarter of 2023. In 2022…
By Maayan Lubell JERUSALEM (Reuters) -Israel’s parliament has given initial approval to a bill that limits some Supreme Court power, part of a rebooted judicial overhaul by Prime Minister Benjamin Netanyahu that has set off a deep political crisis. The drive to change the justice system by Netanyahu’s ruling coalition of nationalist and religious parties…
By Jamie McGeever ORLANDO, Florida (Reuters) -The longer the heavily touted U.S. recession fails to materialize, the more doubt is cast over the relevance and usefulness of leading economic indicators that have accurately predicted every downturn for decades. The economy grew much faster than expected in the first quarter of the year, unemployment is ultra-low,…
BERLIN (Reuters) – German inflation rose in June, interrupting a steady decline since the start of the year. German consumer prices, harmonised to compare with other European Union countries, increased by 6.8% on the year in June, the federal statistics office said on Tuesday, confirming preliminary data. The year-on-year rebound in German inflation midway through…
By John Revill and Tomasz Janowski ZURICH (Reuters) – A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland’s second biggest bank. The fifth such probe in the country’s modern history was set up after parliament, in a largely symbolic…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retailers were once too afraid to raise prices on and paving the way for the central bank to finally unwind its massive monetary stimulus. The world’s third-largest economy is seeing early…
By Nick Carey LONDON (Reuters) – China’s looming gallium export controls leave automakers with a dilemma over whether they can continue to rely on a metal which had been seen as a game changer for electric vehicles. Gallium is currently used in a wide variety of applications, from LEDs to smaller mobile phone adaptors. Little…
