Author: Reuters

[ad_1] 2/2 © Reuters. FILE PHOTO: Gareth Kaminski-Prepare dinner, CEO of Autins, which makes noise-reducing and thermal insulation for carmakers, provides a tour of the auto provider’s manufacturing facility in Tamworth, Britain, Might 3, 2022. REUTERS/Nick Carey 2/2 By Nick Carey, Victoria Waldersee and Giulio Piovaccari TAMWORTH, England (Reuters) -The auto business’s drive to a greener and cleaner future is a treacherous highway for firms in its beleaguered provide chain. Solely the robust and the shrewd could survive. Many automobile suppliers, already squeezed by rampant inflation and power costs, say they’ve little selection however to shoulder the additional prices of…

[ad_1] By Jihoon Lee SEOUL (Reuters) – North Korea fired an unidentified ballistic missile in direction of the ocean off its east coast on Sunday, South Korea’s Joint Chiefs of Employees mentioned, forward of large-scale deliberate army drills by South Korean and U.S. forces involving an plane service. South Korea’s army didn’t present additional particulars in regards to the missile together with the vary or its trajectory. South Korea’s Yonhap information company reported on Saturday North Korea could also be getting ready to check a submarine-launched ballistic missile (SLBM), citing the South’s army. The launch comes after the arrival of…

[ad_1] 5/5 © Reuters. FILE PHOTO: Fisker CEO Henrik Fisker unveils the Fisker Ocean through the 2021 LA Auto Present in Los Angeles, California, U.S. November, 17, 2021. REUTERS/Mike Blake 2/5 By Aditi Shah NEW DELHI (Reuters) – U.S. startup Fisker Inc will start promoting its Ocean electrical sport-utility automobile (SUV) in India subsequent July and will start manufacturing its vehicles regionally inside a number of years, the corporate’s chief government officer instructed Reuters. Gross sales of electrical vehicles in India will collect tempo by 2025-26, Henrik Fisker mentioned in an interview in New Delhi, including that the corporate needs…

[ad_1] © Reuters. The Union Bancaire Privee (UBP) signal is seen at one in all its department places of work in Zurich, Switzerland November 20, 2017. REUTERS/Arnd Wiegmann (Corrects second paragraph to say the financial institution exited positions in all Chinese language equities, not simply mainland-listed equities) By Summer time Zhen HONG KONG (Reuters) -Swiss non-public financial institution Union Bancaire Privée (UBP) is again in Chinese language markets, its chief funding officer mentioned, making its manner again to the world’s second-largest financial system after withdrawing final 12 months. UBP has greater than $150 billion of property. It returned to China…

[ad_1] Fairness benchmarks fell on Thursday, in keeping with Asian friends, whereas the rupee hit a document low after the US Federal Reserve raised rates of interest and indicated extra hikes than markets had anticipated.The NSE Nifty 50 index fell 0.53 per cent at 17,624, whereas the S&P BSE Sensex slipped 0.51 per cent to 59,150 in early commerce.The Indian rupee hit a document low of 80.45 towards the US greenback.The Fed elevated charges by 75 foundation factors on Wednesday—the third such rise in a row—and signalled that it could proceed to lift borrowing prices to combat inflation.The RBI is…

[ad_1] © Reuters. FILE PHOTO: Federal Reserve Board constructing on Structure Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photograph By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve raised its goal rate of interest by three-quarters of a share level to a variety of three.00%-3.25% on Wednesday and signaled extra giant will increase to return in new projections displaying its coverage price rising to 4.40% by the top of this 12 months earlier than topping out at 4.60% in 2023 to battle continued robust inflation. The U.S. central financial institution’s quarterly financial projections,…

[ad_1] © Reuters. FILE PHOTO: Russian opposition chief Alexei Navalny is seen on screens through a video hyperlink from the IK-2 corrective penal colony in Pokrov throughout a courtroom listening to to contemplate an enchantment towards his jail sentence in Moscow, Russia Could 24, 2022. REUTERS/Evgen TBILISI (Reuters) – Russia’s opposition on Wednesday known as for protests towards President Vladimir Putin after he ordered the mobilisation of 300,000 reservists for what Kremlin foe Alexei Navalny stated was a failing felony struggle. Putin on Wednesday ordered Russia’s first mobilisation since World Conflict Two and backed a plan to annex swathes of…

[ad_1] © Reuters. FILE PHOTO: The Walgreens emblem is seen outdoors the shop in Occasions Sq. in New York, U.S., July 5, 2016. REUTERS/Shannon Stapleton (Reuters) -Walgreens Boots Alliance mentioned on Tuesday it will purchase the remaining stake in specialty pharmacy firm Shields Well being Options for $1.37 billion. Walgreens final 12 months spent $970 million to extend its stake within the firm to 71%, with an choice to accumulate remaining fairness pursuits sooner or later. Specialty pharmacies are designed to ship medicines with distinctive dealing with, storage and distribution necessities, usually for sufferers with advanced situations corresponding to most…

[ad_1] © Reuters. By Ben Blanchard and Yimou Lee TAIPEI (Reuters) -A 6.8 magnitude earthquake hit the sparsely populated southeastern a part of Taiwan on Sunday, the island’s climate bureau stated, derailing prepare carriages, inflicting a comfort retailer to break down and trapping lots of on mountain roads. The climate bureau stated the epicentre was in Taitung county, and adopted a 6.4 magnitude temblor on Saturday night in the identical space, which prompted no casualties. The U.S. Geological Survey measured Sunday’s quake at a magnitude 7.2 and at a depth of 10 km (six miles). Taiwan’s fireplace division stated all…

[ad_1] © Reuters. FILE PHOTO: Hungary’s Prime Minister Viktor Orban arrives for the European Union leaders summit, as EU’s leaders try to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium Could 30, 2022. REUTERS/Johanna Gero By Gabriela Baczynska BRUSSELS (Reuters) -The European Union government beneficial on Sunday suspending some 7.5 billion euros in funding for Hungary over corruption, the primary such case within the 27-nation bloc underneath a brand new sanction meant to higher shield the rule of regulation. The EU launched the brand new monetary sanction two years in the past exactly…