BRUSSELS (Reuters) – European Union governments decided on Tuesday to nearly double the amount of EU financial support to Moldova to a total of 295 million euros ($324.74 million), the Swedish presidency of the EU said. The decision comes just days before a meeting of the European Political Community in Moldova on June 1, as…
(Reuters) – Yields on Treasury bills that are due in early June dropped on Tuesday on optimism that Congress will pass a deal to raise the country’s debt ceiling and avoid a potential default. A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling now faces a series of votes in Congress, with both…
WIESBADEN, Germany (Reuters) – Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds. Berger had already been sentenced to eight years in jail in…
By Paul Sandle LONDON (Reuters) – British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds ($38 billion). Asda, Britain’s third-largest grocer, and EG are both…
ANKARA (Reuters) – Turkey called on NATO hopeful Sweden on Tuesday to prosecute those responsible for projecting the flag of an outlawed group onto the parliament building in Stockholm, on the day of Turkish elections that extended President Tayyip Erdogan’s rule. A Swedish parliament spokesperson said a number of people projected messages onto the building…
BILLY-BERCLAU, France (Reuters) -Stellantis will need one or even two additional large factories for electric vehicles batteries in the United States to reach its output targets, the company’s chief executive, Carlos Tavares, said on Tuesday. Speaking to journalists at the inauguration of a so-called gigafactory in northern France, Tavares said the Franco-Italian carmaker would need…
By John Revill ZURICH (Reuters) -Switzerland’s Social Democratic Party has drawn up a proposal to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue, its lawmaker was quoted as saying on Tuesday. It was not clear, though, how much traction the proposal, which was presented by…
By Richa Naidu and Eva Mathews (Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades. Pitkethly, who has been with the maker of Dove soap since 2002, succeeded Jean-Marc Huët as finance chief in 2015….
By Joice Alves and Scott Murdoch LONDON/SYDNEY (Reuters) – European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. Longer-dated U.S. Treasuries rallied as traders…
LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT…
