(Reuters) – Restaurateur Anton Pinskiy paid around 500 million roubles ($6 million) for assets formerly licensed by Starbucks in Russia, he told the TASS news agency, shedding new light on one of the many corporate exits from Russia over its invasion of Ukraine. Seattle-based Starbucks declined to comment. It had 130 stores in Russia, owned…
By Zeba Siddiqui (Reuters) – A U.S. surveillance program aimed at countering foreign threats that intelligence officials have used to spy on Americans faced resistance from both Republicans and Democrats at a Senate hearing to discuss its renewal on Tuesday. President Joe Biden’s administration has backed renewal of the program, effected through the 2008 statute…
(Reuters) – Ukrainian President Volodymyr Zelenskiy called for tougher sanctions to halt the flow of components used in Russian missiles, saying it was cheaper to stop their transfer than to improve anti-aircraft systems against their deployment. It was the second time in a little more than a week that Zelenskiy had called for tightened rules…
By Vitalii Hnidyi NESKUCHNE, Ukraine (Reuters) -Ukraine’s blue and yellow flag flew over a ruined grocery store and Russian soldiers lay dead in the street of the village of Neskuchne, reached by Reuters journalists on Tuesday in the first independent confirmation of Ukraine’s biggest advances for seven months against Russia’s invasion. Russia has not acknowledged…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low on Tuesday on news of the smallest annual increase in inflation last month in more than two years, cementing expectations that the Federal Reserve will pause interest rate hikes at its two-day meeting ending on Wednesday. The dollar index slid as…
By Herbert Lash NEW YORK (Reuters) – Global shares rallied and the dollar eased on Tuesday after U.S. consumer price data showed inflation barely rose in May, increasing expectations the Federal Reserve will pause hiking interest rates when it concludes a two-day meeting on Wednesday. The annual increase in the consumer price index was the…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant…
By Joseph White and Norihiko Shirouzu DETROIT/AUSTIN, Texas (Reuters) -Automaker Stellantis said on Tuesday that it continues to evaluate Tesla’s charging standard after Ford Motor Co and General Motors Co said they were adopting it. “At this time, we continue to evaluate the NACS standard and look forward to discussing more in the future,” Stellantis…
By David Shepardson WASHINGTON (Reuters) – U.S auto safety regulators told nearly two dozen major automakers on Tuesday not to comply with a Massachusetts vehicle telematics law, saying it poses significant safety concerns. The National Highway Traffic Safety Administration (NHTSA) said in a letter to major automakers they must comply with a federal vehicle safety…
By Tim Hepher PARIS (Reuters) -Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm Avolon said on Tuesday. Airlines and leasing companies will take delivery of 44,300 commercial passenger aircraft by 2042, of which approximately half will be for…
