MANILA (Reuters) – The Philippines on Wednesday accused China’s coast guard of harassment, obstruction and “dangerous manoeuvres” against its vessels, after another incident near a strategic feature of the South China Sea that has become a flashpoint between them. Philippine coast guard boats were assisting a naval operation on June 30 when they were “constantly…
By Lisa Barrington and Jonathan Saul DUBAI (Reuters) – The U.S. Navy said it had intervened to prevent Iran from seizing two commercial tankers in the Gulf of Oman on Wednesday, in the latest in a series of attacks on ships in the area since 2019. In a statement, the U.S. Navy said that at…
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow. Raiffeisen (RBI), the largest of the Western banks in Russia, had intended to spin off its Russian business, which…
By Maria Martinez BERLIN (Reuters) -German industrial orders rose significantly more than expected in May due to large-scale orders of ships, spacecraft and military vehicles, but analysts said that beyond those exceptional purchases the sector remains under serious pressure. Incoming orders rose by 6.4% on the previous month on a seasonally and calendar adjusted basis,…
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google to the national scandal first exposed in January. Citing two sources, Reuters reported on Wednesday that Google had received…
By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. The region’s currencies have made a…
STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company, a rival of Uber, was valued at over $8 billion when it raised 628 million euros from investors in January last year. Chief Executive Officer…
By Tim Hepher PARIS (Reuters) – Airbus deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. The European planemaker delivered 72 planes in June, up 20% from 60 in the same month last year and up from 63 in May this year, they added….
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more. The brokerage cut its fiscal 2024 earnings forecast for electronics retailer JB Hi-Fi, fashion retailer Premier…
By Sofia Menchu GUATEMALA CITY (Reuters) – Guatemala presidential candidate Bernardo Arevalo, the surprise second-place finisher in first-round elections, said the government is behind attempts to question the result and wants to remove him from the run-off. The country’s top court called for a ballot review of the June 25 vote after the ruling party…
