(Reuters) – Costs in Russia’s manufacturing sector rose for a third month in April, data from the state statistics service Rosstat showed on Wednesday, driven by a rise in the cost of mineral extraction and oil products. The producer prices index (PPI), a measure of costs in the manufacturing sector, increased 2.4% in April. In…
By John Revill (Reuters) -UBS has been a net gainer in customer balances following its rescue of Credit Suisse, Chairman Colm Kelleher said on Wednesday, citing positive feedback from wealthy clients. Bank mergers can sometimes lead to turbulence, with clients withdrawing their cash, although this tended to happen very quickly, Kelleher told a WSJ event…
WASHINGTON (Reuters) – Russia’s decision to extend the detention of a Wall Street journalist being held in Russia by three months is not acceptable, White House spokesman John Kirby said on Wednesday. The longer pretrial detention of reporter Evan Gershkovich is irresponsible and unacceptable, Kirby told reporters in a briefing. (Reporting by Andrea Shalal and…
ST PETERSBURG, Russia (Reuters) – The first of three Russian hypersonic missile scientists to be arrested on suspicion of treason will go on trial next week, the court handling the case said on Wednesday. The criminal case against Anatoly Maslov, 76, will open in St Petersburg’s city court on June 1, the court said on…
BERLIN (Reuters) -German Finance Minister Christian Lindner didn’t commit to a timetable for resolving a budget dispute between the three coalition partners on Wednesday, exposing cracks in the government and casting uncertainty over spending plans. “We want to present plans for the budget soon,” Lindner said before answering questions in the Bundestag’s budget committee. According…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU’s tech chief Margrethe Vestager said on Tuesday. The European Union’s AI Act could be the world’s first comprehensive legislation governing…
By Andrew Osborn (Reuters) – One of Russia’s top spy chiefs on Wednesday said the West had sown the seeds of its own destruction by turning away from what he called its core traditions and told it to “go to the devil” and stop interfering in global affairs. In remarks at a security forum outside…
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for information related to its investigation into Facebook’s data and online marketplace. A spokesperson for the U.S. tech giant, which had compared the European Commission to a fishing super…
By Riham Alkousaa BERLIN, Germany (Reuters) -German authorities on Wednesday searched 15 properties nationwide in an investigation into protests by Last Generation climate activists who have caused large-scale disruption by gluing themselves to roads and blocking rush-hour traffic. Amid the protests in recent months, Berlin’s ruling coalition, including the environmentalist Greens, has been arguing over…
By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The European Commission, the EU’s executive body, on Wednesday proposed stricter rules on selling financial products, such…
