LIMASSOL, Cyprus (Reuters) – Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets. The “City of Dreams Mediterranean” had total investment of more than 600 million euros ($659.46 million) making it one of the largest…
By Abhirup Roy SAN FRANCISCO (Reuters) – Tritium DCFC said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers – the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. The U.S. government plans to dole out…
LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of hundreds of billions of dollar’s worth of Russia’s reserves has seen a flurry of countries start to do some trade in currencies other…
VILNIUS (Reuters) – The 31-member NATO alliance gathered in the Lithuanian capital Vilnius on July 11-12. Below is the agreed language regarding Ukraine and its future pathway to NATO membership. We reaffirm our unwavering solidarity with the government and people of Ukraine in the heroic defence of their nation, their land, and our shared values….
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical averages of about 3.8%, which may pressure capital flows. Georgieva said in opening remarks at an IMF economics lecture that governments, particularly in emerging markets,…
VILNIUS (Reuters) – NATO leaders have reached agreement over how to define their future relationship with Ukraine, including its membership bid, four diplomats said on Tuesday. One of the diplomats said the final wording on the declaration regarding Ukraine’s future membership read that NATO “will be in a position to extend an invitation to join…
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) – Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by human rights activists that the measure would be ineffective. The Association of Critical Shareholders (DKA), which represents small investors on environmental,…
(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. The report adds to early signs of a recovery in the industry, which has been…
By Daniel Leussink TOKYO (Reuters) – Toyota Motor will focus on selling hydrogen-powered trucks and cars in Europe and China, as part of a push to sell 200,000 of these vehicles by 2030, executives said on Tuesday. The decision marks a shift in focus for the Japanese automaker, a major backer of hydrogen fuel-cell vehicles…
By Stephen Nellis SAN FRANCISCO (Reuters) – Applied Materials on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in more than decade, aiming to boost the number of chips factories can make while using less energy. The new system, called Vistara, is a central hub inside chip factories that…
