By Fatos Bytyci ZVECAN, Kosovo (Reuters) -NATO is to send 700 extra troops to Kosovo and put another battalion on high alert to go in as unrest in the region has intensified since ethnic Albanian mayors took office in the country’s northern Serb-majority area after votes last month. In the town of Zvecan on Tuesday,…
By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures settled down $3.53, or 4.6%,…
By David Milliken LONDON (Reuters) – Britain’s highest inflation in four decades failed to boost company profits last year, with the exception of oil and gas extractors who benefited from a surge in energy prices, official figures showed on Tuesday. The average net rate of return on capital employed by British companies not involved in…
(Reuters) – Fifteen years after Kosovo declared independence, 50,000 minority Serbs in the north bordering Serbia refuse to recognise state institutions, receive pay and benefits from Serbia’s budget and pay no taxes either to Pristina or Belgrade. Unrest in the region has intensified more recently since ethnic Albanian mayors took office in northern Kosovo’s Serb-majority…
By Sam Tobin and Paul Sandle LONDON (Reuters) – Microsoft on Tuesday accused Britain’s anti-trust regulator of being a global “outlier” in blocking its $69 billion takeover of “Call of Duty” maker Activision Blizzard. The Competition and Markets Authority (CMA) vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming…
By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak will hold talks with U.S. President Joe Biden next week when they will discuss improving economic ties and how to sustain military support for Ukraine in its conflict with Russia. Sunak will be in Washington on Wednesday and Thursday next week for meetings with Biden,…
By Muvija M LONDON (Reuters) – Britain’s competition regulator told supermarkets on Tuesday it was looking at their earnings to identify which supply chains it needed to examine more closely as part of efforts to tackle food price inflation. Food prices are up more than 19% over the last year, after the most sustained inflation…
By Paul Lienert DETROIT (Reuters) -Michigan-based Shyft Group, a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand. “That’s our wheelhouse – it’s a segment we know and understand,” Chief Executive Daryl Adams said in an interview….
PARIS (Reuters) – France backs the ongoing talks between Tunisia and the International Monetary Fund, the foreign ministry said on Tuesday, as the cash-strapped North African country eyes a key IMF bailout package. The French government issued a statement after Foreign Minister Catherine Colonna held talks in Paris on Tuesday with Tunisian counterpart Nabil Ammar….
