(Reuters) – Carmaker Stellantis is testing synthetic e-fuels, which are made with renewable energy, on 28 types of its internal combustion engines, a step it said on Thursday could help decarbonise its existing European fleet. The announcement comes just weeks after the European Union opened a legal route in its phase-out of carbon dioxide-emitting cars…
MOSCOW (Reuters) -Inflationary risks in Russia must decrease in order to create room for interest rate cuts, Central Bank Governor Elvira Nabiullina said on Thursday, in hawkish comments a week before the bank next sets interest rates. The central bank has become more wary of inflation this year, warning of the risks of a widening…
By Andrew Goudsward (Reuters) – The $787.5 million settlement that ended Dominion Voting Systems’ defamation lawsuit against Fox Corp also marks the end of a lucrative, two-year legal battle for the sprawling teams of highly-paid lawyers on both sides. At least 31 lawyers from nine different law firms worked on the case, court filings show….
PARIS (Reuters) -Euro zone inflation is too high and the European Central Bank’s monetary policy “still has a bit of way to go” to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thursday. “Our monetary policy must obviously deploy all its tools to bring inflation to the 2% target in…
By Ben Blanchard TAIPEI (Reuters) – Taiwan’s Starlux Airlines Co Ltd is pushing Airbus SE to speed up deliveries as it seeks to expand its routes beyond Asia to keep up with booming post-pandemic demand, the carrier’s chief executive said. Starlux, Taiwan’s newest full-service airline, launched its first flights in 2020 and serves destinations including…
By Yoruk Bahceli and Padraic Halpin DUBLIN (Reuters) -The vice chairman of big UBS shareholder BlackRock Philipp Hildebrand said on Thursday attention was now on how the bank positions itself going forward following its forced rescue of Credit Suisse last month. Speaking about broader banking turmoil that also saw two U.S. lenders collapse in March,…
ASHGABAT (Reuters) -Israeli Foreign Minister Eli Cohen inaugurated a permanent embassy in the Central Asian nation of Turkmenistan on Thursday, establishing his country’s closest diplomatic presence to Iran, as Israel seeks to strengthen ties to its arch-foe’s neighbours. Although the countries established diplomatic relations 30 years ago, there had only been a temporary Israeli mission…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo to dock at the port of Karachi in May. Pakistan’s purchase gives Russia a new outlet, adding to Moscow’s growing sales to…
FRANKFURT (Reuters) -Some European Central Bank policymakers worried at their last meeting that the ECB’s new economic forecasts about wages, growth and inflation were too benign, even before they were published, the ECB said on Thursday. The ECB said at that meeting that it expected inflation would gradually decline to its 2% target by 2025,…
By Andrew Osborn MOSCOW (Reuters) – The Russian military has launched a video campaign to lure more professional soldiers to fight in Ukraine which challenges those interested to show they are “a real man” and swap what it casts as hum-drum civilian life for the battlefield. The ad, set to stirring music, follows a report…
