WARSAW (Reuters) -Fighters from Russia’s private Wagner mercenary force are being moved close to NATO’s eastern flank to destabilise the military alliance, Poland’s prime minister said on Thursday. Wagner soldiers have begun training with the Belarus national army, prompting Poland to start moving more than 1,000 troops closer to the border. On Tuesday it accused…
(Reuters) – Cryptocurrency exchange HashKey on Thursday said it will begin offering its services to retail users in Hong Kong, becoming the first licensed crypto trading exchange in the city to do so. HashKey said it received a licence update from the Hong Kong Securities and Futures Commission, allowing the exchange to expand its business…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s surprise decision last week to raise a cap on interest rates was partly driven by policymakers’ growing worries ultra-loose monetary settings would spark a repeat of the bruising yen selloff that the economy saw last year. The tweak to the BOJ’s bond yield curve control…
BERLIN (Reuters) – Shares of German chipmaker Infineon tumbled 10% on Thursday after it forecast fourth-quarter revenue would come in below market expectations, weighed down by weak demand from makers of personal computers and smartphones. While demand for chips used in computers and smartphones has weakened following the pandemic-era, work-from-home boost, chipmakers are investing in…
By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity worsened more than initially thought in July as the slump in manufacturing was accompanied by a further slowing of growth in the bloc’s dominant services industry, a survey showed. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as…
By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said that its self-developed artificial intelligence (AI) model has entered the internal testing stage and is now integrated with multiple internal services and products. In a statement sent to Reuters, Tencent said its foundation AI model named “Hunyuan” has been integrated with a range of…
BEIJING/SHANGHAI, August 3 (Reuters) – U.S. automaker Tesla sales of its China-made vehicles slumped 31% in July from a month earlier, data from the China Passenger Car Association (CPCA) showed on Thursday, as the company prepared its Shanghai plant for the upcoming new Model 3. The drop was the first month-on-month decline in sales of…
ATHENS (Reuters) – Amnesty International and Human Rights Watch on Thursday called for a “credible” probe into a migrant shipwreck off Greece in June in which hundreds died, saying that contrasting accounts by the Greek coastguard and survivors “were extremely concerning”. The overcrowded fishing trawler said to be carrying between 400-750 people from Pakistan, Syria…
By Jake Spring and Gabriel Stargardter SAO PAULO (Reuters) – When the presidents of Amazon nations including Brazil, Peru and Colombia meet at a regional summit next week, they will train their sights on a new breed of criminal just as comfortable chopping down the rainforest as shipping drugs overseas. “Narco-deforestation,” as it was referred…
By Orhan Coskun and Karin Strohecker ISTANBUL/LONDON (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a meeting with investors being held by JP Morgan in Istanbul on Friday, sources close to the matter told Reuters. The Turkish central bank and finance ministry declined to immediately comment on…
