By Emma Farge and Gabrielle Tétrault-Farber GENEVA (Reuters) -The U.N. Human Rights Council on Thursday narrowly passed a motion to increase monitoring of human rights abuses in Sudan where hundreds of civilians have been killed since a conflict erupted last month. The Western-led motion, which passed with 18 in favour and 15 against, had been…
By Marie Mannes STOCKHOLM (Reuters) – Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and said it would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry. The auto maker said it now expected to produce between 60,000 and…
By Max Hunder KYIV (Reuters) – A Ukrainian brigade commander fighting in the ruins of Bakhmut said Russian mercenary forces have stepped up shelling and artillery attacks in recent days and were not facing a munitions shortage, despite its chief’s claims to the contrary. Russian mercenary boss Yevgeny Prigozhin has complained for weeks that Russia’s…
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Thursday announced that 21 Coptic Orthodox Christians beheaded by Islamic State in Libya in 2015 are being recognised as martyrs by the Vatican. He revealed the move during a meeting with Pope Tawadros II of the Coptic Orthodox Church and said he was doing so…
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of the fully electric SUV in the first half of 2024, it said in a statement….
MILAN (Reuters) -Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros ($1.17 billion), driven by a rebound in China and sustained growth in Europe. “Over the course of the first quarter China returned to be an engine of growth, driving a solid sales rebound in Asia Pacific,” the…
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of the State Property Fund said. Since his appointment to head the fund last September, Rustem Umerov has…
MILAN (Reuters) – Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled life insurer among leading players in the industry, two people close to the matter said. Under the scheme, top insurers Generali, UnipolSAI, Intesa Sanpaolo, Allianz and Poste Italiane would each take on a piece of…
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone entity and is expected to generate strong core profit this year. Chief Executive Pietro Labriola on Thursday asserted that TIM had a viable future should he manage to complete the sale of its domestic landline…
