PARIS (Reuters) – French President Emmanuel Macron searched on Thursday for a new prime minister to replace Michel Barnier, who officially resigned a day after opposition lawmakers voted to topple his government. Here are some of the possible candidates whose names are circulating in political circles and in French media: SEBASTIEN LECORNUÂ Sebastian Lecornu defected …
Factbox-Who might become France’s next prime minister? Read More »
By Markus Wacket BERLIN (Reuters) – Germany’s national rail operator expects its operating profit to fall by some 70% between this year and next as it completes the sale of its profitable logistics unit Schenker to Denmark’s DSV, according to company documents seen by Reuters on Thursday. In 2024, Deutsche Bahn including Schenker expects an …
Deutsche Bahn expects 70% drop in operating profit after Schenker sale, documents show Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group’s dividends would fall in line with earnings. “Today, our German plants are not competitive. Without improving their efficiency and performance, we cannot maintain current …
Volkwagen’s German plants must get more efficient, CFO says Read More »
By Nathan Vifflin and Anna Peverieri (Reuters) -Mersen pushed back its financial targets until 2029 on Thursday due to a temporary slowdown in the electric vehicle and silicon carbide semiconductor markets. Many chipmakers exposed to silicon carbide, a more efficient semiconductor material used to increase the range of EVs, have recently cut or delayed their …
Mersen delays targets by two years on weak materials demand for EVs Read More »
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s former Prime Minister Imran Khan was indicted on Thursday on charges of inciting attacks against the military, a case stemming from deadly anti-government rallies led by his party last year. The indictment was the latest in dozens of cases against the 72-year-old former cricket star turned politician, who …
Pakistan’s Imran Khan indicted on charges of inciting attacks against military Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Thursday on expectations of an interest rate cut by the U.S. Federal Reserve later this month. At 1513 GMT, the rand traded at 18.05 against the dollar, about 0.7% stronger than its previous close. The dollar index was last down 0.4% against a basket of currencies. “The rand …
South African rand firms as markets look to Fed rate cut Read More »
By Maria Martinez BERLIN (Reuters) – Germany will delay its medium-term plan to reduce public debt to the European Commission until after snap elections in February, according to the country’s stability council, which coordinates federal and state finances. The submission is part of the European Union’s new framework for keeping debt under control after the …
Early vote prompts Germany to delay submission of debt cutting plan to EU Read More »
KARACHI (Reuters) – Saudi Arabia has extended the term of a $3 billion deposit placed with Pakistan to support its economy for another year, Pakistan’s central bank said on Thursday. The term of the deposit, which was maturing on Thursday, was initially signed with State Bank of Pakistan in 2021, and was subsequently rolled over …
Saudi Arabia extends term of $3 billion deposit with Pakistan for another year Read More »
By Alex Lawler, Olesya Astakhova and Maha El Dahan LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group. OPEC+, which pumps …
OPEC+ delays oil output hike until April, extends cuts into 2026 Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada recorded in October a bigger-than-expected trade deficit with the world and its surplus with top trading partner the United States fell to its lowest this year, data showed on Thursday. U.S. President-elect Donald Trump has long complained about the U.S. trade deficit with Canada and last month threatened tariffs …
Canada’s trade deficit narrows in October, surplus with the U.S. shrinks Read More »
