(Reuters) – Russia’s mercenary Wagner forces have not yet received the ammunition promised by Moscow, the head of the group said on Tuesday, rowing back from comments hours earlier that initial data showed they had begun to get it. But Yevgeny Prigozhin, whose forces have spent months trying to capture the eastern Ukraine city of …
Head of Russia’s Wagner group says still no sign of promised ammunition Read More »
(Reuters) – Ukraine’s air defence systems were repelling Russian attacks on the country’s capital, Kyiv’s military administration said early on Tuesday, after air raid alerts were issued across the country. “Air defence systems are working on the outskirts of Kyiv,” the administration said on its Telegram messaging app. Tuesday’s attacks came a day after Russia …
Ukraine’s air defence systems repelling attacks on Kyiv, officials say Read More »
By Michelle Nichols UNITED NATIONS (Reuters) -The United Nations said no ships were inspected on Sunday or Monday under a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its own grain and fertilizer exports. The U.N. and Turkey brokered the Black …
No Black Sea grain deal ships inspected as Russian deadline looms Read More »
By Akash Sriram and Abhirup Roy (Reuters) -Electric vehicle (EV) maker Lucid Group Inc reported lower-than-expected first-quarter revenue on Monday and trimmed its 2023 production forecast as a price war sparked by Tesla, rising interest rates and recession fears hurt sales. Shares in the maker of the Air luxury sedan dropped about 9% in after …
Lucid posts quarterly revenue well below estimates as EV price war hits demand Read More »
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying summer clothes, a British Retail Consortium survey showed on Tuesday. The BRC said spending at its members’ stores increased 5.1% in annual terms …
UK sales growth holds steady in April, retailers hope for better summer Read More »
By Nick Carey LONDON (Reuters) – Chinese-made electric vehicles (EVs) pose the greatest risk to Europe’s carmakers and could cost them 7 billion euros ($7.7 billion) a year in lost profits by 2030 unless policymakers take action, according to an Allianz Trade report. According to the report released on Tuesday by the unit of German …
China poses greatest risk to Europe’s carmakers – Allianz Trade study Read More »
By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs) by 2025, making it the largest North American processor of the material. The facility will push Tesla …
Elon Musk and Tesla break ground on massive Texas lithium refinery Read More »
By Manya Saini (Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading. PayPal expects adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of a 125-basis-point growth. Investors …
PayPal adjusted margin forecast cut eclipses higher profit expectations Read More »
By Victoria Waldersee BERLIN (Reuters) – Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, according to 2022 data analysed by independent research providers MERICS and Rhodium Group. Greenfield investment made up 57% of total foreign direct investment by China in Europe in 2022, …
Chinese investment in Europe shifts to greenfield battery projects – report Read More »
By Gareth Jones (Reuters) – Russia celebrates on Tuesday the anniversary of victory over Nazi Germany in World War Two with a parade in Red Square amid tight security following a series of drone attacks, including on the Kremlin citadel itself, that Moscow has blamed on Ukraine. Victory Day is one of the most important …
Russia to hold Victory Day parade amid tight security after drone attacks Read More »
