By David Shepardson WASHINGTON (Reuters) -A group of bipartisan U.S. lawmakers introduced legislation Wednesday to bar automakers from eliminating AM broadcast radio in their new vehicles, citing safety concerns. Democratic Senator Edward Markey, one of the sponsors of the bill, said at least eight automakers have removed AM broadcast radio from their electric vehicles, including…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid a round of solid economic data that suggests rate cuts from the Federal Reserve could come later rather than sooner. The…
By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply. Brent crude futures settled up $2.05, or 2.7%, to $76.96 a barrel. West Texas Intermediate U.S. crude settled up $1.97 or 2.8% to $72.83. “Today’s strong oil trade…
By Tatiana Gomozova and Lucy Papachristou MOSCOW (Reuters) – Three Russian academics who have worked on hypersonic missile technology face “very serious accusations”, the Kremlin said on Wednesday, in a treason investigation that has spread alarm through Russia’s scientific community. Kremlin spokesman Dmitry Peskov said he was aware of an open letter from Siberian scientists…
By Gabrielle Tétrault-Farber GENEVA (Reuters) – Evgenia Kara-Murza, wife of jailed Russian opposition figure Vladimir Kara-Murza, said authorities were torturing him psychologically by denying him calls with his children while he serves a 25-year sentence on charges he says are politically motivated. Speaking to Reuters on the sidelines of the Geneva Summit for Human Rights…
MOSCOW (Reuters) – Russia’s central bank on Wednesday said price pressure was gradually intensifying after a period of restrained price growth in the second half of last year, and that annual inflation would start picking up again this month. Double-digit annual inflation hit Russia last year soon after it sent its armed forces into Ukraine…
SAO PAULO (Reuters) – Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oreal, according to the country’s daily gazette. Last month, L’Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion. Under the regulator’s…
By Huseyin Hayatsever and Michelle Nichols ANKARA/UNITED NATIONS (Reuters) -The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as “good news for the world,” a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports. Turkish President Tayyip…
By Stefania Spezzati, Paritosh Bansal and America Hernandez (Reuters) – Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover, two people familiar with the matter said, as legal challenges to Switzerland’s state-backed rescue mount. The Qatar Investment Authority (QIA) sought legal advice on whether it…
By Sruthi Shankar and Ankika Biswas (Reuters) -European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default weighed on sentiment, along with a slew of downbeat corporate updates. The continent-wide STOXX 600 eased 0.2%, with defensive sectors such as food and beverage, utilities and real estate firms leading…
