By Marine Strauss BRUSSELS (Reuters) – A jury in the trial of 10 men accused of involvement in the triple suicide attack at Brussels airport and the city’s metro claimed by Islamic State in 2016, is set to consider its verdict, bringing to an end the country’s largest court case. The Brussels bombings killed 15…
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of Chinese discount e-commerce platform Pinduoduo, ships everything from clothing to electronics and home goods, mainly from Chinese merchants to customers overseas at rock bottom prices….
BERLIN (Reuters) – Mercedes-Benz wants to extend Chief Executive Ola Kallenius’ contract, keeping the 54-year-old at the helm of the German carmaker until at least mid-2029, German daily Handelsblatt reported on Thursday, citing supervisory board sources. The board is aiming to extend Kallenius’ contract, which will expire in May 2024, this summer, the daily reported….
(Reuters) – Russia will allow the U.S. ambassador to Moscow to visit detained Wall Street Journal reporter Evan Gershkovich “on a reciprocal basis”, Foreign Ministry spokeswoman Maria Zakharova said on Thursday. Ambassador Lynne Tracy was able to visit Gershkovich this week for only the second time since he was detained in March on espionage charges,…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. With U.S. Treasury Secretary Janet Yellen in Beijing just as tit-for-tat trade restrictions ratchet up,…
FRANKFURT (Reuters) – The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the bloc. Bank failures have been put in the spotlight by the recent collapses in the United States of Silicon Valley Bank and…
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in May, Eurostat said on Thursday, as increased spending on non-food items offset declines for food and automotive fuel. Retail sales volumes in the 20 nations sharing the euro currency were unchanged from April and were 2.9% lower year-on-year. That compared with average forecasts…
By Victoria Klesty OSLO (Reuters) -Norwegian Air has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million) as the reborn airline looks to strengthen its position in its home region. The deal is the latest reshuffling in the Norwegian airline sector that saw newcomer Flyr file for bankruptcy in January having failed…
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow. Raiffeisen (RBI), the largest of the Western banks in Russia, had intended to spin off its Russian business, which…
By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. The region’s currencies have made a…
