ROME (Reuters) – A U.S.-born princess was evicted on Thursday from a Roman villa featuring the only known fresco by Italian baroque artist Caravaggio, and denounced her ousting as a travesty of justice. “I am being brutally evicted from a home which I have lovingly taken care of for the past 20 years,” Princess Rita…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the World Bank’s evolution be taken in coming months, including potential changes to allow the bank’s private sector and poor country lending arms to lend to sub-sovereign entities like cities and regional authorities. Yellen told Reuters…
OTTAWA (Reuters) -Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to lure Volkswagen AG into building its North American battery plant in the country, a government source said on Thursday. The total Canadian investment, which could also include funds from the Ontario government, will largely…
BERLIN (Reuters) – Arms makers Lockheed Martin and Rheinmetall will team up to develop a German rocket artillery system, they said on Thursday, a weapon in the same category as the HIMARS rocket launchers Lockheed has been supplying to Ukraine. HIMARS is a missile launcher mounted on a truck that can fire multiple guided missiles…
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to work on the planned listing of its electric car business, Ampere, a source close to the matter said on Thursday. The three banks will act as joint global coordinators on the initial public offering (IPO)…
By Dave Sherwood HAVANA (Reuters) – Russian Foreign Minister Sergei Lavrov met on Thursday with Cuban President Miguel Diaz-Canel and Foreign Minister Bruno Rodriguez in Havana, the latest in a series of visits to shore up support among Russia’s closest allies in Latin America. Russia, hit by Western sanctions over the conflict in Ukraine, is…
By Emilio Parodi and Mimosa Spencer MILAN/PARIS (Reuters) -Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci’s Milan headquarters this week as part of an investigation spanning several countries and companies. The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector…
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores. Sweden’s IKEA, which opened its first U.S….
By Nick Carey LONDON (Reuters) – UK auto supplier Dowlais is developing rare earth magnets for production in the U.S. market as carmakers look to source more parts locally and benefit from subsidies provided by the Inflation Reduction Act (IRA), its top executive said on Thursday. The company aims to launch production within 12 to…
(Reuters) – Deutsche Bank’s Russian subsidiary’s profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million), Russian audit documents showed, the latest example of a foreign lender booking strong earnings in the Russian market. Foreign banks have stepped in to take business from Russian lenders who fell under sweeping Western sanctions…
