WASHINGTON (Reuters) – The Pentagon said on Thursday it was not aware of any imminent decision about the provision of ATACM long-range missiles to Ukraine, following a news report from the Wall Street Journal suggesting Washington was close to providing them to Kyiv. Kyiv has long sought the U.S. Army Tactical Missile System, or ATACMS,…
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen by Reuters. UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West…
PARIS (Reuters) – EDF CEO Luc Remont told managers on Thursday that the state-owned power group’s nuclear activities would be reorganised to overcome recurring problems that cut production last year. An EDF spokesperson told Reuters a reorganisation of the nuclear division had been announced with the aim of ushering in “deep change” so that each…
MOSCOW (Reuters) – The head of Russia’s influential Orthodox Church, Patriarch Kirill, told an envoy of Pope Francis on Thursday their churches should work together to avert “negative political developments and serve the cause of peace and justice.” Kirill is a strong supporter of President Vladimir Putin’s decision to send troops into Ukraine, while Francis…
FRANKFURT (Reuters) – Volkswagen said on Thursday that it was in discussions with Tesla over its North American charging standard to optimize it for its customers. “Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers,” Volkswagen said in an emailed statement….
(Reuters) – Swedish electric vehicle (EV) maker Polestar said on Thursday it has signed an agreement with Tesla to adopt the EV maker’s Supercharger network in the United States and Canada. Starting 2025, new Polestar vehicles sold in North America will be equipped with Tesla’s North American Charging Standard (NACS) charging port by default, the…
MOSCOW (Reuters) – Online prices for merchandise bearing the insignia of Russia’s Wagner group – a human skull against a black and red backdrop – have shot up since its abortive armed mutiny, with buyers posting five-star reviews and support for the mercenaries. Mercenary chief Yevgeny Prigozhin sent an armed convoy on a 1,200-km (750-mile)…
By Amruta Khandekar, Matteo Allievi, Bansari Mayur Kamdar (Reuters) -European shares edged higher on Thursday with Swedish retailer H&M rallying on stronger-than-expected quarterly profit, but economic data from both sides of the Atlantic and hawkish signals from major central bankers weighed on markets. The pan-European STOXX 600 index closed 0.1% higher. Shares of H&M climbed…
By Bianca Flowers (Reuters) – Carmaker Stellantis will require union employees to work mandatory overtime at its Warren Truck assembly and Jefferson North factory in Michigan, to boost Jeep SUV production ahead of a potential strike deadline in September, according to a document shared with Reuters. Stellantis told workers at both facilities the plants will…
