ZURICH (Reuters) – As UBS’s takeover of former rival Swiss bank Credit Suisse nears completion, details are emerging of what the new merged bank will look like. UBS is working towards spinning off the Swiss part of Credit Suisse and having the business’s current head, Andre Helfenstein, run it, NZZ am Sonntag reported on Sunday….
FRANKFURT (Reuters) – Adidas, which has come under pressure after ending its lucrative Yeezy shoe partnership with Kanye West, is trying to grab a bigger slice of the U.S. sports market, the group’s regional head told the Wall Street Journal. “We want to double down on all of the things that are U.S.-centric, particularly around…
PARIS (Reuters) – Food price inflation in France – which has been a major concern for consumers – should ease off by September, said government minister Olivia Gregoire on Sunday. “By the time people come back from their holidays in September, we will have a visible decrease in the prices you see on the shelves…
By Philip Pullella and Boldizsar Gyori BUDAPEST (Reuters) -Pope Francis on Sunday presided over a big outdoor Mass where he urged Hungarians not to close the door on migrants and those who are “foreign or unlike us,” in contrast to the anti-immigrant policies of nationalist Prime Minister Viktor Orban. More than 50,000 people gathered in…
MOSCOW (Reuters) -Russia on Saturday promised it would respond harshly to what it said was Poland’s illegal seizure of its embassy school in Warsaw, an act it called a flagrant violation of the Vienna Convention on diplomatic relations. Polish state-run news channel TVP Info had earlier reported that police had showed up outside the Russian…
(Reuters) -A Ukrainian drone strike set ablaze a Russian fuel storage facility in the Crimean port of Sevastopol early on Saturday, sending a vast column of black smoke into the sky in the latest attack on the Russia-occupied peninsula. The city’s Moscow-installed governor blamed Ukraine and later said the fire had been put out before…
By Philip Pullella and Krisztina Than BUDAPEST (Reuters) -Pope Francis met Ukrainian refugees on the second day of his visit to Hungary on Saturday, telling them a different future was possible as they described the hardships they have faced since the war began. Francis met about 600 refugees, poor and homeless people in a visit…
MOSCOW (Reuters) -Armenia and Azerbaijan will hold a new round of talks in Washington on Sunday to try to normalise relations, Yerevan said on Saturday, after weeks of rising tensions over the disputed Nagorno-Karabakh region. Armed forces from the two Caucasus neighbours have frequently exchanged fire amid disputes over the mountain enclave, which is internationally…
(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform agenda. Responding to the decision, French Finance Minister Bruno Le Maire said Fitch was underestimating the positive impacts of the government’s plans to reform and…
ISTANBUL (Reuters) – Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said. Baykar has come to prominence internationally in recent years because of the company’s light drone TB-2, which has been used in Ukraine, Azerbaijan…
