LONDON (Reuters) – The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since September 2020, according to a survey which painted a gloomy outlook. Compiled by S&P Global, Thursday’s HCOB final manufacturing Purchasing Managers’ Index (PMI) fell to 44.8 from April’s 45.8, just…
CHISINAU (Reuters) – President Volodymyr Zelenskiy said during a trip to Moldova on Thursday that Ukraine was ready to be in the NATO military alliance, and that Kyiv was waiting for the bloc to be ready to admit his country. He also reiterated Ukraine’s desire to join the European Union after arriving in Moldova, which…
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four months, a survey showed on Thursday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 43.2 from 44.5 in…
OSLO (Reuters) – NATO is prepared to deploy more troops to Kosovo to quell violence in the ethnically polarized north, the alliance’s chief Jens Stoltenberg said on Thursday, adding that the first 700 reinforcement troops are on the way there. “NATO will remain vigilant. We will be there to ensure a safe and secure environment,…
MOSCOW/KYIV (Reuters) -Russia said Ukrainian artillery hit a Russian town for a third time this week and drones struck two oil refineries in an uptick in attacks on Russian territory as Ukraine prepares a Western-backed push to end Moscow’s invasion. Inside Ukraine, Russian-installed officials said five people had been killed in Ukrainian army shelling of…
By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker dollar exchange rate – and could periodically mean the opposite. A Federal Reserve less worried about the overspill of its monetary policies to the rest…
By Alexander Marrow (Reuters) – After months of negotiations, Finland’s Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again. The government in December demanded that companies leaving Russia sell their operations for at least half price and claimed…
(Reuters) – Activity in Russia’s manufacturing sector increased for the 13th month running in May and employment rose at its sharpest pace in more than two decades, though export orders contracted, a business survey showed on Thursday. The S&P Global Purchasing Managers’ Index (PMI) for manufacturing rose to 53.5 from 52.6 in April, moving further…
By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been…
By Munsif Vengattil, Aditya Kalra and Jane Lanhee Lee NEW DELHI/OAKLAND, California (Reuters) -Big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions. A planned $3 billion semiconductor facility in…
