Made in Russia? Chinese cars drive a revival of Russia’s auto factories
By Gleb Stolyarov and Alexander Marrow (Reuters) – The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned…
Turkey hikes again below expectations, promises more tightening
By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey’s central bank hiked its policy rate by 250 basis points to…
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central…
US condemns attack in Swedish Embassy in Baghdad, criticizes Iraq security
WASHINGTON (Reuters) – The United States on Thursday strongly condemned the attack on the Swedish Embassy in Baghdad over a…
No technical recession in euro zone as Eurostat revises up Q1 GDP
BRUSSELS (Reuters) – Euro zone gross domestic product was flat in the first three months of this year against the…
UK antitrust regulator: We await new Microsoft proposal on Activision deal
LONDON (Reuters) – Britain’s antitrust regulator is waiting for Microsoft to submit a modified deal structure to buy “Call of…
Wagner mercenaries train Belarus special forces near Polish border
By Guy Faulconbridge and Felix Light MOSCOW (Reuters) -Mercenaries from Russia’s Wagner Group have started to train Belarusian special forces…
Factbox-Europe’s ongoing strike-related travel disruptions
(Reuters) – European airports are in the midst of another busy summer as passenger numbers globally recover to pre-pandemic levels,…
Philip Morris beats profit estimates on easing costs, smokeless products demand
(Reuters) -Philip Morris International beat analysts’ expectations for quarterly profit and raised the lower end of its annual earnings forecast,…
Auto supplier Magna to invest $790 million to build three new facilities
(Reuters) – Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three…