By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. Brent futures fell $3.99, or 5.0%, to settle at $75.32 a barrel, while West…
By Olena Harmash KYIV (Reuters) -Ukraine’s military vowed on Tuesday not to give up the pulverised eastern city of Bakhmut as it prepares to launch a long-promised counteroffensive against Russian forces. General Oleksandr Syrskyi, commander of ground forces, underlined the importance Kyiv attaches to holding Bakhmut as preparations continue for a counterattack which it hopes…
By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a third straight month and layoffs increased to the highest level…
By Natalie Thomas and JEEVAN RAVINDRAN LONDON (Reuters) – Margaret Tyler’s fascination with the British royal family began as a child, when she would cut out photos of the now-King Charles III and his sister, Princess Anne. The 79-year-old, just four years older than the British monarch, is among the royal super fans who cannot…
By Nick Carey BRIXWORTH, England (Reuters) – Mercedes-Benz has plugged its Formula One team into the engineering process to build vastly more efficient mass-market electric vehicles (EVs), slashing development times by a quarter or more as it jump starts efforts to keep pace with Tesla. F1 technology has always eventually bled over into mass-market vehicles….
By Antonella Cinelli ROME (Reuters) – Italian inflation jumped unexpectedly in April, driven by another spike in energy prices, official statistics agency ISTAT said on Tuesday. EU-harmonised consumer prices (HICP) rose a preliminary 1.0% month-on-month, with annual inflation accelerating to 8.8% from 8.1% in March, well above the median forecast of a 7.8% year-on-year rise….
DUBLIN (Reuters) – AerCap expects to deliver full-year earnings at the higher end of its guidance as a broadening travel recovery and shortage of new aircraft boosts demand for plane leases and sales, the world’s largest aircraft lessor said on Tuesday. Chief Executive Officer Aengus Kelly said first quarter demand, in particular for engine leases…
BERLIN (Reuters) – Germany needs to be decisive in consolidating its public finances and to set clear spending priorities, German Finance Minister Christian Lindner said on Tuesday. “The state can’t continue to spend more money than taxpayers provide,” he said at a press conference after the 27th meeting of the Stability Council on federal and…
PRAGUE (Reuters) – The Czech Republic’s budget deficit doubled to 200 billion crowns ($9.30 billion) in January-April, a record for the four-month period and reaching two thirds of the full-year target, raising doubts the plan will be met. Overall expenditure rose 26.7% due to higher social costs including pensions and subsidies to bring down energy…
By Vitalii and Hnidyi HRAKOVE, Ukraine (Reuters) – A Ukrainian farmer has come up with a novel way to remove mines left in his fields after Russia’s invasion — he’s kitted out his tractor with protective panels stripped from Russian tanks and operates it by remote control. After Russian forces were driven back from parts…
