FRANKFURT (Reuters) – Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, the carmaker said on Friday, in what marks the reintroduction of the iconic model after a two-decade hiatus. The introduction of the fully electric ID. Buzz will also include an extra-long version that can seat up…
BERLIN (Reuters) – Germany’s Finance Ministry has informed the other ministries of what budget funds will be available to them next year, it said on Friday, stepping up the pressure in what has been one of the most difficult government budget negotiations in years. Budget talks have dragged on as the government’s three parties –…
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June…
By Joanna Plucinska and Angelo Amante LONDON/ROME (Reuters) – Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor…
By CarloGiovanni Boffa and Chiara Elisei (Reuters) – Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically sold these perpetual bonds – known as AT1 bonds – with five years before an option to…
VATICAN CITY (Reuters) – A man visiting St. Peter’s Basilica on Thursday stripped off his clothes and stood naked on the church’s main altar in what appeared to be a protest against the war in Ukraine, a Vatican source said. The man had an inscription painted on his back calling for the children of Ukraine…
By Valentyn Ogirenko and Guy Faulconbridge KYIV/MOSCOW (Reuters) – Russia said on Thursday it had repelled more cross-border attacks from Ukraine while its aerial assaults on Kyiv killed another three people including a nine-year-old girl and her mother locked out of an air raid shelter. Both sides are trying to sap morale and weaken military…
By Tim Kelly, Nobuhiro Kubo, Yukiko Toyoda and Kaori Kaneko TOKYO (Reuters) – The United States is seeking to secure supplies of TNT in Japan for 155mm artillery shells, as Washington rushes weapons and ammunition to Ukraine for a counteroffensive against Russian forces, two people familiar with the matter told Reuters. For war-renouncing Japan, any…
By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero Insurance Alliance (NZIA), formed in 2019 to get insurers to…
By Yoruk Bahceli (Reuters) -Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this…
