SHANGHAI (Reuters) – Tesla will not occupy a booth at China’s largest annual autoshow to be held next week in Shanghai, according to plans published by the event’s organisers. The financial hub is set to host Auto Shanghai between April 18-27. It is Asia’s largest auto show where brands from BYD to Volkswagen are expected…
(Reuters) – Rheinmetall has been hired as a subcontractor in the Norwegian armed forces’ order for 54 Leopard 2 battle tanks from Krauss-Maffei Wegman (KMW), the German manufacturer said on Friday. Rheinmetall said the contract was worth 129 million euros ($142.74 million) and could increase by 44 million euros if Norway executes an option to…
BEIJING (Reuters) – China is willing to work with Germany on the economic and trade fronts, and the two countries are partners, not adversaries, its foreign minister, Qin Gang, said on Friday. Qin, addressing a joint news conference with his German counterpart, Annalena Baerbock, said artificially putting the brakes on normal economic and trade cooperation…
BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States…
LONDON (Reuters) – Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options being considered. The group, whose shares have fallen 37% over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year…
LONDON (Reuters) – Ukrainian troops have been forced to withdraw from some territory in the battlefield city of Bakhmut as Russia mounts a renewed assault there with intense artillery fire over the past two days, Britain said in an intelligence update on Friday. “Russia has re-energised its assault on the Donetsk Oblast town of Bakhmut…
PARIS(Reuters) – French annual inflation rose to a slightly revised 5.7% in March – albeit down from 6.3% in February – as lower energy prices helped offset surging food prices, according to final figures from the INSEE statistics body on Friday. The preliminary figure for March released last month was 5.6%. The inflation figure, on…
MOSCOW (Reuters) – Russia’s ambassador to the United States said Washington had threatened retaliation after Wall Street Journal reporter Evan Gershkovich was detained on espionage charges, and suggested it might be time to cut the number of U.S. journalists in Russia. Russia’s Federal Security Service (FSB) said on March 30 it had detained Gershkovich in…
(Reuters) – Germany’s wholesale price index rose in March compared with the same month last year, according to data released on Friday. Wholesale prices increased by 2% on the year, the federal statistics office reported. Compared with February, the index was up 0.2%. The office offers more detailed economic data on its website. (Reporting by…
By Danilo Masoni and Samuel Indyk MILAN/LONDON (Reuters) – European exchange stocks stand to benefit from a spike in volatility surrounding the downfall of Credit Suisse, as some investors turn towards bourse operators attracted by their defensive qualities and modest valuations. The exchanges’ share price performance has lagged the region-wide STOXX 600 index by up…
