By Sarah N. Lynch WASHINGTON (Reuters) -Steve Bannon, a key associate of former President Donald Trump and an influential figure on the American right, was convicted on Friday of contempt of Congress for defying a subpoena from the committee investigat…
Factbox-From Audi trainee to Porsche chief, VW’s new CEO
LONDON (Reuters) – Volkswagen’s Herbert Diess is stepping down as chief executive and will be replaced by Oliver Blume, who joined Europe’s biggest carmaker as a graduate trainee almost 30 years ago, the German carmaker said on Friday. Blume, 54, was c…
VW’s CEO Diess ousted after tumultuous tenure, Porsche’s Blume to succeed
By Victoria Waldersee, Jan Schwartz and Tom Sims BERLIN (Reuters) – Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen, the carmaker said on Friday, after a supervisory board vote forced Diess to step down from …
Ukraine, Russia sign deal to reopen grain export ports as war rages on
By Ezgi Erkoyun, Ece Toksabay and Max Hunder ISTANBUL/KYIV (Reuters) -Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian i…
LME won’t ban Nornickel’s metal as Russian firm isn’t under UK sanctions -sources
By Pratima Desai LONDON (Reuters) – The London Metal Exchange has told some of its committee members it will not ban Nornickel’s metal from its system as the company is not under UK sanctions even though Chief Executive Vladimir Potanin is, three sourc…
Analysis-Aviation nurses a nasty headache as travel recovers from COVID
By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) – Aerospace has turned the page on an unprecedented pandemic demand shock with dozens new orders at its largest air show in three years – only to face mounting worries over supply chains…
Stocks fall after touching six-week high, dollar weaker after U.S. data
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks fell on Friday, poised to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies following soft data on …
Twitter blames Musk, weak ad market for drop in revenue
By Sheila Dang and Nivedita Balu (Reuters) -Twitter Inc on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. The result…
Britain says disappointed by EU’s legal action over Brexit
LONDON (Reuters) – Britain said on Friday it was disappointed that the European Commission had brought forward legal action against it over what Brussels says is a failure to fully implement the Brexit deal. “It is disappointing that the EU has chosen …
World Court says it has jurisdiction, Myanmar genocide case to proceed
By Toby Sterling THE HAGUE (Reuters) -The World Court on Friday rejected Myanmar’s objections to a genocide case over its treatment of the Muslim Rohingya minority, paving the way for the case to be heard in full. Myanmar, now ruled by a military junta…