JERUSALEM (Reuters) – Israel’s Defense Ministry said on Wednesday that the United States has approved the sale of a co-developed missile defense system to Finland. The ministry said that having received the green light from Washington, Israel can complete the sale of the advanced air-defense system David’s Sling to Finland in a 316 million euros…
By Jarrett Renshaw, Stephanie Kelly and Leah Douglas (Reuters) – The Biden administration is divided over whether to grant a request from the U.S. biofuel industry that would make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House’s signature climate law, according to two sources familiar…
PARIS (Reuters) -Airbus has won an order from Wizz Air for 75 additional A321neo aircraft, the European planemaker said on Wednesday. The “firm contract” signed by the companies takes Wizz Air’s total orders for the A321neo to 434 aircraft, Airbus said in a statement. Jet orders are booming and plane manufacturers are racing to boost…
By Linda Pasquini and Helen Reid (Reuters) – Hugo Boss raised its sales and profit outlook on Wednesday as a brand revamp and marketing push helped the German fashion house overcome sluggish sector-wide demand in China and the United States. The premium fashion group has shown resilience in slowing U.S. and European markets while boosting…
MOSCOW (Reuters) – Russia’s economy grew 5.3% in June year on year, the economy ministry said on Wednesday, after an increase of 5.4% in May. Seasonally adjusted gross domestic product (GDP) edged up 0.04% year on year in June, after an increase of 1.4% in the previous month, the ministry said. (Reporting by Reuters)
By Alexander Marrow (Reuters) – The Russian rouble tumbled over 2% to a more than 16-month low past 94 against the dollar on Wednesday, pressured by political risk, falling oil prices and concerns the finance ministry may switch to foreign currency purchases this month. By 1609 GMT, the rouble was 2% weaker against the dollar…
By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil and gas company Chesapeake Energy on Wednesday said it expects deflation in oilfield service costs by 5% to 7% next year as weaker drilling and completions activity hurts demand, even as service providers have vowed to maintain prices. U.S. shale producers have cut spending on drilling and…
By Catarina Demony LISBON (Reuters) – One of three huge billboards erected by activists to raise awareness of sexual abuse by clergy has been removed following the arrival in Portugal of Pope Francis, campaign group This Is Our Memorial said on Wednesday. Francis arrived in Lisbon to attend the World Youth Day event, an event…
(Reuters) – Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic slump continued with double-digit jumps in wage growth and retail sales. Russia was hit with a barrage of Western sanctions when it invaded Ukraine in February last year, ultimately leading…
BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week’s summit of Amazon region nations will seek to draw up a common policy for the first time to protect the rainforest. “I have high expectations for this summit. For the first time we are going to have a common…
