By Pavel Polityuk KYIV (Reuters) -Russia’s Wagner private army started handing over its positions in Bakhmut to regular Russian troops on Thursday, five days after declaring full control of the devastated eastern Ukrainian city following the longest and bloodiest battle of the war. Moscow says capturing Bakhmut opens the way to advances in the eastern…
By David Shepardson (Reuters) -Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday. The settlement stipulates that the German automakers pay a civil penalty of $85 million for their unlawful…
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent gold prices to a two-month low on Thursday, as forecast-smashing revenue from chipmaker Nvidia fueled a rally in AI-related companies. Treasury yields were up and the U.S. dollar climbed to its highest level since mid-March….
By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. on Thursday said Russian mercenary force Wagner Group may be working through Mali and other countries to hide its efforts to acquire military equipment for use in Ukraine, and accused it of supplying a Sudanese paramilitary with surface-to-air missiles. The U.S. Treasury Department said in a statement…
MOSCOW (Reuters) – Russian President Vladimir Putin on Thursday said that despite difficulties, he felt Azerbaijan and Armenia were moving towards a settlement to their decades-old conflict over the territory of Nagorno-Karabakh. Putin made his remarks in a televised Kremlin meeting with leaders of both nations. Russia has traditionally been the main power broker between…
By Jonathan Stempel (Reuters) – JPMorgan Chase & Co on Thursday unveiled new accusations that the U.S. Virgin Islands was complicit in Jeffrey Epstein’s sex crimes, including that a former first lady for the territory sought student visas for some of the disgraced financier’s victims. The largest U.S. bank also singled out Governor Albert Bryan…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve. Weekly initial jobless claims rose by 4,000 last…
By Laura Sanicola (Reuters) – Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures settled down $2.10, or 2.7%, to $76.25 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $2.51, or 3.4%,…
By Tim Hepher LISBON (Reuters) – Brazilian aircraft manufacturer Embraer voiced “full support” for Pratt & Whitney as it battles durability problems on recent jet engines, but blamed a separate tussle with engine makers for the suspension of a new turboprop plane project. Chief Executive Francisco Gomes Neto told reporters that Raytheon Technologies unit Pratt…
By Angelo Amante and Ilona Wissenbach ROME (Reuters) -Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday. The deal comes as Europe’s airlines struggle to repair their balance sheets after…
