UBS ends taxpayer backstop granted for Credit Suisse rescue
By Noele Illien ZURICH (Reuters) – Swiss taxpayers are no longer on the hook over the rescue of Credit Suisse…
Marketmind: Soft landing fatigue
(Reuters) – A look at the day ahead in U.S. and global markets by Naomi Rovnick. Positive economic data tends…
BYD calls on China automakers to unite, ‘demolish the old’ in global push
(Reuters) – A patriotic call by China’s bestselling automaker to band the industry together and “demolish the old legends” of…
Hong Kong economic growth slows to 1.5% in Q2, gradual recovery seen
By Twinnie Siu and Donny Kwok HONG KONG (Reuters) -Hong Kong’s economy grew 1.5% in the second quarter from a…
Russia says it downs Ukrainian drone west of Moscow, two airports reopen
MOSCOW (Reuters) – Russian air defences on Friday downed a Ukrainian drone as it flew towards an unspecified target in…
South Africa’s Zuma granted remission, avoids return to jail
JOHANNESBURG (Reuters) -South Africa’s former president Jacob Zuma, who spent only two months of a 15-month sentence in prison in…
San Francisco moves to center of robotaxi universe after California agency vote
By Greg Bensinger SAN FRANCISCO (Reuters) -California just supercharged the self-driving car industry. Following a contentious state agency vote, Alphabet…
China to replace $140 billion LGFV debt with local bonds – Bloomberg News
BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the…
Siemens Gamesa has fix for onshore wind turbine problem
FRANKFURT (Reuters) – Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the…
Poland to vote in privatisation referendum, likely alongside October election
WARSAW (Reuters) – Poles will vote on whether they support the privatisation of state companies, Poland’s ruling party leader said…