COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of the fully electric SUV in the first half of 2024, it said in a statement. …
By Gwladys Fouche and Gloria Dickie OSLO/LONDON (Reuters) -Norway took over the chairmanship of the Arctic Council from Russia on Thursday, at a time when cooperation between the Western Arctic states and Moscow on the regional polar body is frozen due to the invasion of Ukraine. Norway also offered to organise a meeting of the …
Norway takes over Arctic Council leadership from Russia Read More »
WARSAW (Reuters) – Poland’s Defence Minister Mariusz Blaszczak said on Thursday that the army was aware of a possible missile heading towards the country in December but failed to inform the government. Poland has been on alert for possible spillover of weaponry from the war in neighbouring Ukraine, especially since two people were killed near …
Polish minister says army failed to inform government about missile Read More »
MILAN (Reuters) -Italy’s Mediobanca on Thursday failed to impress investors with its full-year outlook after net profit beat forecasts in the three months through March, sending its shares lower. The bank, whose fiscal year runs from July to June, forecast full-year revenues of around 3.2 billion euros ($3.5 billion). While that is higher than a …
Mediobanca’s profit beats forecast, but outlook disappoints Read More »
MILAN (Reuters) -Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros ($1.17 billion), driven by a rebound in China and sustained growth in Europe. “Over the course of the first quarter China returned to be an engine of growth, driving a solid sales rebound in Asia Pacific,” the …
Prada’s first-quarter sales up 22% on strong Asia, Europe growth Read More »
BERLIN (Reuters) -Germany’s finance ministry said on Thursday it expects 148.7 billion euros ($163.69 billion) less in tax revenues for the German state in the 2023-2027 period compared with previous forecasts, leaving no extra room in budget negotiations. “We must adjust to the new budgetary realities,” Finance Minister Christian Lindner said in a statement. For …
Germany cuts tax estimates, no additional leeway – finance ministry Read More »
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of the State Property Fund said. Since his appointment to head the fund last September, Rustem Umerov has …
Buoyed by sale of small state assets, Ukraine eyes bigger sell-off Read More »
By Essi Lehto HELSINKI (Reuters) -Twenty-seven people, most of them teenage school children, were injured on Thursday when a temporary pedestrian bridge collapsed in the Finnish city of Espoo, just outside the capital Helsinki, rescue services said. The injuries were not life threatening, they added. The children were part of a group of 14 and …
School children injured in Finland bridge collapse Read More »
By Olena Harmash KYIV (Reuters) – Ukraine hopes to start selling off confiscated Russian assets this year via privatisation auctions to help fund reconstruction efforts, the head of the State Property Fund said. As part of its economic response to Russia’s invasion, Kyiv has imposed sanctions on Russia and opened court cases to confiscate assets …
Ukraine hopes to auction confiscated Russian assets in 2023 Read More »
(Refiles May 9 story to add dropped words in quote in eighth paragraph) By Andrew Mills DOHA (Reuters) -International occupational health experts will urge Qatar on Tuesday to establish a heat stress “center of excellence” to influence other Gulf countries to strengthen protections for workers against extreme heat and humidity, two of the experts said. …
Experts say Qatar can lead Gulf on protections for workers against heat stress Read More »
