(Reuters) – China’s market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and Samsung paused new sales in Russia and Western sanctions weighed on the Russian economy. Chinese manufacturers Xiaomi, Realme …
Bigger ECB rate hikes depend on September inflation f’casts – Lagarde
AMSTERDAM (Reuters) – European Central Bank President Christine Lagarde said on Thursday that if the bank’s September inflation projections put the pace of price growth in 2024 at 2.1% or higher, the bank will raise interest rates by more than 25 basis…
SAS airline pilots warn of potential strike from late June
By Stine Jacobsen and Helena Soderpalm COPENHAGEN (Reuters) -Some 1,000 SAS pilots in Denmark, Norway and Sweden could go on strike from late June over disagreements on wages and ways to cut costs at the struggling Nordic airline, labour unions said, d…
Exclusive-Beijing gives initial nod to reviving Ant IPO plans in Shanghai, Hong Kong-sources
By Julie Zhu HONG KONG (Reuters) – China’s central leadership has given a tentative green light to Jack Ma’s Ant Group to revive its initial public offering in Shanghai and Hong Kong, two sources with knowledge of the matter told Reuters on Thursday. A…
Kering outlines plans to grow Gucci sales to 15 billion euros in mid-term
PARIS (Reuters) -French luxury group Kering outlined plans to increase annual sales of its star label Gucci to 15 billion euros in the medium term in slides published on Thursday after an investor presentation. Sales at Gucci, the group’s main label an…
Top U.S. official meets Philippines’ Marcos to boost “longstanding alliance”
MANILA (Reuters) – Philippine President-elect Ferdinand Marcos met with a top U.S. official in Manila on Thursday, underscoring efforts to preserve an alliance strained by incumbent leader Rodrigo Duterte’s animosity toward Washington and his embrace o…
Finland moves ahead with floating LNG terminal to bolster energy security
COPENHAGEN (Reuters) -Fortum and Finnish gas system operator Gasgrid announced on Thursday a deal to place Finland’s first floating LNG import terminal at the Baltic Sea port of Inkoo, aiming to have it ready to operate next winter. The planned floatin…
Soccer chief Blatter says Platini payment followed ‘gentleman’s agreement’
(This story refiles to fix typo in final paragraph) By John Revill BELLINZONA, Switzerland (Reuters) – Ex-FIFA President Sepp Blatter denied approving fraudulent payments to French football legend Michel Platini, telling a Swiss court on Thursday that …
Russia says no agreement reached with Turkey on Ukrainian grain sale
LONDON (Reuters) -The Kremlin said on Thursday that no agreement had been reached to sell grain from Ukraine to Turkey – which Ukraine says Russia has stolen from it – but that work on a deal was continuing. Moscow denies stealing the grain but the Uni…
BAT stands by forecasts however long it takes to leave Russia
By Yadarisa Shabong (Reuters) – British American Tobacco’s options for leaving Russia, where it controls almost a quarter of the market, include transferring the business to its local partner, the maker of Pall Mall and Rothmans cigarettes said on Thur…