By Andrew Gray and Marine Strauss BRUSSELS (Reuters) – European, Latin American and Caribbean leaders proclaimed a new era of increased political and economic cooperation on Tuesday but their summit meeting was clouded by wrangling over how to address Russia’s war in Ukraine. The gathering of some 50 leaders from the three regions in Brussels…
By Mimosa Spencer (Reuters) -Kering has named managing director Jean-Francois Palus as Gucci’s new CEO and president for a transitional period, part of a management reshuffle at the top ranks of the French luxury goods group aimed at restoring momentum at its star label. Marco Bizzarri, who has led Gucci since 2015, will leave the…
By Victoria Waldersee, Nette Noestlinger and Leon Malherbe GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents’ concerns by holding a question-and-answer session on the EV maker’s planned expansion that would make its local plant the biggest car factory in the country. Tesla, which currently produces around 5,000 cars a week, hopes…
By Denis Balibouse BITSCH, Switzerland (Reuters) -Swiss firefighters on Tuesday were battling a forest fire that has forced more than 200 people to evacuate, and authorities warned winds were making the blaze difficult to contain. The fire broke out on Monday on the forested flank of a mountain in Bitsch in the Valais canton near…
By Lisa Richwine LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday. The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on…
ODESA, Ukraine (Reuters) – U.S. aid chief Samantha Power on Tuesday pledged $250 million in new funding to help Ukrainian farmers reeling from blocked Black Sea grain shipments since Russia’s invasion last year. Moscow on Monday pulled out of a U.N.-brokered deal allowing the safe passage of Ukrainian grain through the Black Sea in a…
By Marie Mannes STOCKHOLM (Reuters) -Swedish mining equipment maker Epiroc expects to benefit from continuing high demand in the near term, it said on Tuesday as it posted better than forecast quarterly profit. Epiroc, its customers and rivals have had to contend with rising raw material prices and other cost inflation pressures for several quarters,…
WARSAW (Reuters) – Poland could cut interest rates this year, two central bankers were quoted as saying on Tuesday, fuelling expectations that a decrease in the cost of credit could be just around the corner. National Bank of Poland (NBP) Governor Adam Glapinski earlier this month said that a rate cut could come as soon…
By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) -Several G20 members condemned Russia’s move to quit an agreement that allowed safe export of grain from Ukraine, India’s finance minister said on Tuesday, as concerns rise in poorer countries over a rise in food prices following Moscow’s decision. Russia halted participation in the United…
MADRID (Reuters) – Spain’s High Court on Tuesday ordered that global police agency Interpol immediately extradite a former director of Venezuelan military intelligence to the United States, where he is wanted on drug trafficking charges, from Spain. The decision comes after the European Court of Human Rights last week denied an effort by Hugo Carvajal…
