MILAN (Reuters) -Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to make electric vehicles (EVs) more affordable. The EX30 is the smallest SUV to date from the Sweden-based manufacturer and follows the unveiling of the…
MOSCOW (Reuters) – Russian and Chinese long-range strategic bombers carried out joint patrols over the Sea of Japan, the East China Sea and the western Pacific Ocean but were at times accompanied by jet fighters from unidentified states, Russia said on Wednesday. Russia’s defence ministry said an air group of Tupolev Tu-95 and Chinese Xian…
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Wednesday sales of its spring-summer collection gathered pace to jump 16% in May, as the retailer mitigates higher wage costs and keeps customers onside during a cost of living crisis. The world’s biggest fast fashion company reported a better-than-expected 54% rise in…
KYIV (Reuters) – Ukrainian troops have advanced up to 1,100 metres near the eastern city of Bakhmut in the past 24 hours, Kyiv said on Wednesday, the first gains it has reported since Russia said Ukraine had started a counter-offensive. Moscow said this week Kyiv had launched a series of assaults in its partially occupied…
(Reuters) – Brown-Forman Corp topped Wall Street estimates for quarterly sales on Wednesday, benefiting from higher prices as well as steady demand for its liquor brands such as Jack Daniel’s whiskey, Woodford Reserve bourbon and el Jimador tequila. Shares of the company rose about 2% in early trading. Spirit makers have raised prices globally as…
NOVA KAKHOVKA, Russian-controlled Ukraine (Reuters) – Villagers on the Russian side of the front line in Ukraine surveyed the damage to their flooded homes from a massive dam breach and waited for help from the authorities on Wednesday, while people clamoured for information in chat rooms. Russian-installed officials ordered residents of three districts to leave…
By Aditi Shah, Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) – The diversion of a U.S.-built Air India jetliner to Russia with engine problems has thrust industry tensions surrounding Russian airspace into the spotlight – just a day after the head of a major American carrier predicted an almost identical scenario. A global industry meeting…
By Sergiy Karazy KYIV (Reuters) – Ukraine has not yet launched a planned counteroffensive to win back territory occupied by Russia, and its start will be obvious to everyone when it happens, a senior security official said on Wednesday. Oleksiy Danilov, Secretary of Ukraine’s National Security and Defence Council, dismissed statements by Russian officials who…
BEIJING (Reuters) -China completed a second phase of joint air patrols with Russia over the Western Pacific on Wednesday, following flights on the previous day over the Sea of Japan and East China Sea, prompting concerns in Japan over national security. Both South Korea and Japan scrambled fighter jets on Tuesday, when the Chinese and…
(Reuters) -Diageo on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie…
