By Renee Maltezou and Lefteris Papadimas ATHENS (Reuters) -Greece’s re-elected Prime Minister Kyriakos Mitsotakis on Thursday pledged his conservative government would “fix the sins of the past” and over the next four years cut taxes, boost wages and pensions, and repay bailout debts earlier than expected. Mitsotakis, 55, won 158 sets in the 300-seat parliament…
By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site. Threads is expected to be released on Thursday and will allow users to retain followers…
By Shreyashi Sanyal (Reuters) -European shares slumped to their lowest level in three months on Thursday, as heightened concerns about further interest rate hikes globally dented risk sentiment, while shares of Embracer group slid after a discounted share issue. The pan-European STOXX 600 index deepened losses by the close to fall 2.3% to its lowest…
By Mike Segar NEWARK, NEW JERSEY (Reuters) -Two New Jersey firefighters were killed and five injured while battling an intense blaze overnight on a cargo ship packed with hundreds of vehicles docked at Port Newark, officials said on Thursday. The Italian-flagged Grande Costa d’Avorio was carrying 1,200 new and used vehicles when a fire broke…
By Joice Alves LONDON (Reuters) – A lack of clarity on Beijing’s planned stimulus measures will mean a mixed appetite for European stocks over the rest of 2023, investors say, with China the EU’s third biggest export market. From high-end cars to luxury watches, Europe’s consumer discretionary and staples, technology, industrials and materials sectors all…
By Medha Singh (Reuters) -Retail traders raised their exposure to U.S. stocks in June encouraged by healthy returns, with their focus shifting to electric-vehicle firms from artificial intelligence stocks earlier in the year. They poured in $1.4 billion per day on average in U.S. equities in the month, closing in the all-time record of $1.5…
By Guy Faulconbridge MINSK (Reuters) – Belarusian President Alexander Lukashenko said on Thursday that he would have a veto over any use of the tactical nuclear weapons that Russia is stationing on his territory, and goaded the West’s spies for missing the transport of the warheads. President Vladimir Putin, who rules the world’s biggest nuclear…
(Reuters) – Alphabet Inc’s Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with the matter. Google originally planned to release the chip, internally called Redondo, next year to replace the semicustom chips it currently designs with Samsung Electronics,…
(Reuters) – Automaker Stellantis N.V. and Canada-based miner NioCorp Developments Ltd on Thursday signed an offtake term sheet with the objective of establishing a supply deal for rare earth minerals critical to electrical vehicles. The preliminary agreement establishes a 10-year offtake contract for minerals like neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims…
By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it could face compliance challenges under the Environmental Protection Agency’s proposed vehicle emissions rules and other state and federal regulations, as it cited requirements on electric vehicles. The largest U.S. automaker said in comments submitted to the EPA that there are six state and federal…
