By Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China…
Israel economy to grow lower than expected 3% in 2023 -finance ministry
By Steven Scheer JERUSALEM (Reuters) – Israel’s economic growth is set to slow sharply to 3% in 2023 after rapid…
Wirecard boss’s lawyer calls allegations ‘absurd’ in fraud trial
By Jörn Poltz MUNICH (Reuters) – The former Wirecard CEO Markus Braun began his defence in Germany’s biggest post-war fraud…
France copes with high power demand on nuclear supply ramp-up
PARIS (Reuters) – France on Monday avoided a strain on its power grids in the face of rising demand as…
U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost…
ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it…
Russian government could provide 225 billion roubles to Rosseti
(Reuters) – Russia could provide up to 225 billion roubles ($3.6 billion) in state funds to power company Rosseti to…
Mercedes-Benz Vans plans first electric-only plant in Jawor
(Reuters) -Mercedes-Benz Vans will invest more than 1 billion euros ($1.05 billion) to build its first electric-only vans plant in…
UK economy set to get worse before recovery – Hunt
LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets…
Rivian pauses JV plans with Mercedes-Benz to make electric vans in Europe
(Reuters) – Rivian Automotive Inc said on Monday it is pausing its joint venture with Mercedes-Benz Vans, just three months…