Russia takes over another Western asset with Bosch plant deal
(Reuters) – Russian state entity NAMI said on Wednesday it had acquired a 100% stake in a factory producing anti-lock…
Economy
Factbox-Key ECB policymaker comments in run up to June policy meeting
(Reuters) – The following are comments from key European Central Bank policymakers in the run up to the June 15…
China industry minister, Siemens CEO discuss digital manufacturing, development
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and…
Tech investor Prosus flags sharp drop in full-year profit
AMSTERDAM (Reuters) – Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower…
Indian wholesale prices fall 3.48% in May
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) -India’s annual wholesale prices fell for the second consecutive month in…
Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) – Toyota Motor said this week it will adopt a technology Tesla pioneered known as “Gigacasting” as part of…
Low-tax Switzerland votes on global minimum corporate tax rate
By John Revill ZURICH (Reuters) – Swiss citizens vote this weekend on whether to raise business tax to 15% from…
ProSiebenSat.1 planning ‘significantly bigger’ job cuts than before – CEO
By Klaus Lauer BERLIN (Reuters) – German media group ProSiebenSat.1 is preparing to cut significantly more staff than in previous…
Belgium’s Aliaxis withdraws offer for Finland’s Uponor
COPENHAGEN (Reuters) – Belgian water management group Aliaxis has withdrawn its public tender offer for Finland’s Uponor, the bidder said…
German wholesale prices down 2.6% y/y in May
BERLIN (Reuters) – Germany’s wholesale prices fell in May compared with the same month last year, according to data released…