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Ford to invest $3.7 billion for production of EVs, gas-powered vehicles
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Amid criticism, North Korea takes over as U.N. disarmament president
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‘Nein danke’: Musk’s office ultimatum faces pushback in Germany
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Ukraine and Russia: What you need to know right now
Turkey’s Baykar donates drone for Ukraine after Lithuanian crowdfunder
Date: June 2, 2022
By Andrius Sytas VILNIUS (Reuters) – Manufacturer Baykar and Turkey’s Defence Industry Agency will donate a Bayraktar TB2 advanced combat drone to Lithuania for transfer to Ukraine, after Lithuanians crowdfunded nearly 6 million euros to buy it, Lithuania’s defence ministry said on Thursday. Baykar will deliver the drone in a few weeks. It will be...
Sri Lanka seeks to secure $5 billion in funds for import payments
Date: June 2, 2022
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister’s office said on Thursday. The island nation is grappling with its worst...
Beaming Queen Elizabeth waves to Jubilee crowds, will miss Friday service
Date: June 2, 2022
By Michael Holden and Kate Holton LONDON (Reuters) -A beaming Queen Elizabeth waved to cheering crowds massed outside Buckingham Palace on Thursday as Britain kicked off four days of pomp, parties and parades to celebrate her record-breaking 70 years on the British throne. The 96-year-old monarch appeared on the balcony alongside her family, but the...
Ukraine jacks up key rate to 25% in first hike since Russian invasion
Date: June 2, 2022
By Natalia Zinets KYIV (Reuters) – Ukraine jacked up its main interest rate to a seven-year-high of 25% from 10% on Thursday, tightening policy for the first time since the Russian invasion to tackle double-digit inflation and protect the hryvnia as some business activity returns. The Feb. 24 invasion has devastated the economy, which could...
American Chamber of Commerce, others warn of impracticalities in EU subsidy plan
Date: June 2, 2022
(Corrects headline to say American Chamber of Commerce, not U.S. Chamber of Commerce) By Foo Yun Chee BRUSSELS (Reuters) – Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for...
Putin clings to semblance of normality as his war grinds on
Date: June 2, 2022
By Mark Trevelyan LONDON (Reuters) – Approaching the 100-day mark in a war that he refuses to call by its name, Russian President Vladimir Putin is a man intent on conveying the impression of business as usual. As his army fought its way into the Ukrainian city of Sievierodonetsk this week, Putin was making awkward...