(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said on Wednesday The order for their joint venture PSM is valued at around 770 million euros ($843.92 million), they said in a joint statement. According to the companies, they will…
(Reuters) – Passenger car registrations in the European Union rose 28.8% in March to more than one million units, the European Automobile Manufacturers Association (ACEA) reported on Wednesday. Battery-electric cars made up 13.9% of new registrations in the EU, up 2.5% from the same month last year. Plug-in hybrids are losing ground in the region,…
By Stefano Rebaudo (Reuters) – European Central Bank officials are still banging the inflation drum and suggesting interest rates must keep rising, but there’s enough nervousness about banks or a possible policy misstep to mean they face an uphill battle convincing markets. Having firmly scaled-back rate expectations amid last month’s market turmoil, investors no longer…
By Joanna Plucinska LONDON (Reuters) – Strikes across Europe have led to a spike in flight cancellations, delays and driven down bookings to cities like Paris, data from travel firms show, despite efforts by airlines to avoid a repeat of last year’s disruptions. Flight cancellations and delays of over three hours in Europe were up…
A look at the day ahead in European and global markets from Tom Westbrook Traders are scaling back bets on U.S. rate cuts, but dialling up expectations for British hikes. On Tuesday, it was bigger-than-expected pay rises that strengthened expectations for the Bank of England to lift rates next month and to continue doing so…
By Anthony Boadle BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Tuesday condemned the violation of Ukraine’s territorial integrity by Russia and again called for mediation to end the war, a peace initiative that was criticized by the Ukrainian government. Speaking at a lunch with Romanian President Klaus Iohannis, Lula said a group…
By Andrea Shalal WASHINGTON (Reuters) -British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma in Washington on Tuesday, while hailing another accord aimed at easing rules for UK architects working in the United States, the British embassy said. The trade and economic memorandum of understanding with Oklahoma, signed by…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged….
By Blake Brittain (Reuters) – Unilever’s “I Can’t Believe It’s Not Butter!” spray is governed by different U.S. Food and Drug Administration regulations than butter and similar products, a U.S. appeals court ruled Tuesday, defeating a long-running false advertising class action. A split 9th Circuit Court of Appeals rejected claims that Unilever based its zero-fat,…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – The U.S. Air Force’s 102nd Intelligence Wing, which the alleged leaker of classified information belonged to, has been ordered to halt its intelligence mission as the service’s inspector general carries out an investigation, the Air Force said on Tuesday. The Air Force said all units would…
