By Mike Stone WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Germany for as much as $8.5 billion, the Pentagon said on Thursday. Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet….
By Joan Faus BARCELONA (Reuters) – European Central Bank Vice President Luis de Guindos on Thursday singled out the rising price of services as his top concern in the ECB’s fight against inflation, saying they were being driven up by higher wages. Inflation in the euro zone has fallen from record levels, but the price…
By Daphne Psaledakis and Maya Gebeily WASHINGTON/BEIRUT (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday intended to bar the American government from recognizing Bashar al-Assad as Syria’s president and to enhance Washington’s ability to impose sanctions – a warning to other countries normalizing relations with Assad. The bill, first reported by…
By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testifying at a U.S. Senate committee hearing on making it more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients,…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Lawmakers accused the Pentagon on Thursday of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the International Criminal Court at the Hague. U.S. Senator Dick Durbin, a Democrat, said at Senate hearing that he had been told by…
ISTANBUL (Reuters) – Turkish Airlines (THY) will order a total of 600 new aircraft in June and they will be delivered within ten years, company chairman Ahmet Bolat said on Thursday. Such an order, if confirmed, would be the largest in the industry’s history by a single airline, eclipsing a record order by Air India…
MILAN (Reuters) -Pirelli said on Thursday it expected Italy would conclude its review of governance agreements involving the holding in the tyre maker by China’s Sinochem after early June, pushing it to further postpone the appointment of its new board. Earlier this year, Pirelli said Sinochem, its largest shareholder, with a 37% stake, notified Italy’s…
By Max Hunder KYIV (Reuters) – The EU has not observed any significant smuggling of weapons into Europe from wartime Ukraine, the European Commission’s top internal affairs official said on Thursday during a visit to Kyiv. “I must say that we have not seen any industrial smuggling of firearms out of Ukraine,” European Home Affairs…
By Matt Spetalnick, David Brunnstrom and Michael Martina WASHINGTON (Reuters) -China is facing a growing backlash from the United States and other Western governments over its controversial efforts to pressure dissidents and their advocates abroad, but Beijing has appeared undeterred. Authorities in the U.S., Canada, Britain and elsewhere recently have taken a hard line,…
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google <GOOGL.O> 3 million roubles ($38,600) on Thursday for failing to delete YouTube videos it said promoted “LGBT propaganda” and “false information” about Russia’s military campaign in Ukraine, Russian news agencies reported. Over the last year Moscow has levied dozens of fines against Western tech companies as…
