By Tim Hepher TOULOUSE, France (Reuters) – Europe’s Airbus inaugurated a new assembly line for its A321neo jetliner in southwest France on Monday, granting a new lease of life to the deserted home of the defunct A380 superjumbo as it basks in record demand for smaller jets. Speaking in the cavernous Jean-Luc Lagardere plant outside…
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares inched higher on Monday with the travel & leisure sector leading gains, helping to limit the impact of weak inflation data from China that highlighted sluggish demand in the world’s second-largest economy. The pan-European STOXX 600 index ended 0.2% higher after recording its worst weekly performance…
By Marc Jones LONDON (Reuters) -The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin “miners” to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back…
By Rod Nickel and Victoria Klesty (Reuters) – Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan. OCI’s plant would be the world’s first new…
TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email. The Finance Department said the technical issue has now been resolved and stakeholders…
By Simon Jessop LONDON (Reuters) – Sustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people. The commitment was announced at the Climate Finance Mobilisation Forum in Britain on Monday, attended by…
By Ananya Mariam Rajesh (Reuters) -Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a second consecutive month in June, after first dethroning Anheuser-Busch InBev’s Bud Light in May. Bud Light, which held the top spot as the most-sold beer in 2022 and in the first four months of this…
By Huseyin Hayatsever and Ece Toksabay ISTANBUL (Reuters) – Turkish President Tayyip Erdogan, in an unexpected move, said on Monday the European Union should open the way for Ankara’s accession to the bloc before Turkey’s parliament approves Sweden’s bid to join the NATO military alliance. Turkey’s bid to join the EU has been frozen for…
By John Irish and Andrius Sytas VILNIUS (Reuters) -Ukraine’s largest Western allies are still finalising a joint framework that would pave the way for long-term security assurances for Kyiv, and may wait until the end of a NATO summit this week to announce them, European diplomats say. The 31-member NATO alliance meets in Lithuania on…
NEW DELHI (Reuters) – Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in a blow to Indian Prime Minister Narendra Modi’s chipmaking plans. Here is a timeline of how events have unfolded since the signing of the $19.5 billion joint venture: * Feb. 14, 2022: Foxconn partners with…
