KYIV (Reuters) – Ukraine reported more gains in the early stages of its counteroffensive on Tuesday, but said Russian forces were “doing everything” they can to defend the territory they have occupied. Deputy Defence Minister said Ukrainian troops had advanced 250 metres (275 yards) near the small eastern city of Bakhmut, 200 metres on the…
By Sachin Ravikumar LONDON (Reuters) -British Prime Minister Rishi Sunak said on Monday he had rejected a plea from Boris Johnson to overrule an independent body and allow some of the former leader’s allies to join parliament’s upper chamber because he didn’t think it was right. Responding to critics within his ruling Conservative Party, which…
(Reuters) -HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as it exits from less profitable businesses globally to focus on expanding in certain Asian markets. The process, as a result of a strategic review, will happen over several years in a phased manner,…
LONDON (Reuters) – British police said a man had been arrested in Nottingham, central England, after three people were found dead in the city’s streets, officers said in a statement on Tuesday. (Reporting by Sachin Ravikumar, Editing by Kate Holton)
MOSCOW (Reuters) -Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex, the bank’s CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank’s initial offer. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…
By Guy Faulconbridge and Elena Fabrichnaya MOSCOW (Reuters) -The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine, one of Moscow’s most powerful bankers told Reuters. Andrei…
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a…
BERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by mid-year topping 2022’s total, the BSW solar power association said on Tuesday. Solar power systems are booming in Europe’s biggest economy as consumers seek alternatives to expensive fossil fuels following…
By Navya Mittal (Reuters) – Australia’s Domino’s Pizza Enterprises said on Tuesday it would shut 27 stores in Denmark, and its construction and supply arm in Australia, sending its shares as much as 11.9% lower in early trade to the bottom of the ASX 200 index. The Australian franchise said the streamlining of operations would…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s national radio broadcaster has launched an investigation and put a staff member on leave after it said a series of news stories on its website about Russia’s invasion of Ukraine had been edited to present “a false account of events”. Radio New Zealand (RNZ), which is government-funded but has…
