(This July 13 story clarifies company referred in the story is Daimler Truck Holding AG, which assembles buses under the Mercedes-Benz brand in Brazil) SAO PAULO (Reuters) – German manufacturer Daimler Truck Holding AG is set to start the assembly of i…
Games-Twice Olympic champion Archibald to miss Commonwealth Games
(Reuters) – Double cycling Olympic champion Katie Archibald has withdrawn from the Commonwealth Games in Birmingham because she needs to focus on fully recovering from a series of injuries, Team Scotland said on Wednesday. Archibald won gold in the ind…
Veteran Hong Kong activist jailed for unlawful assembly
HONG KONG (Reuters) – A Hong Kong court sentenced a 66-year-old activist known as “Grandma Wong” to eight months’ imprisonment on Wednesday, in the second jailing of a veteran Hong Kong democracy campaigner in as many days. Alexandra Wong Fung-yiu had …
UK’s Ofgem asks energy suppliers to review customer direct debits
(Reuters) – Britain’s energy regulator Ofgem said on Wednesday it has asked a number of energy suppliers to take urgent action after a review found a range of shortcomings in the way they charge customers direct debits. Ofgem also expects suppliers to …
IEA says oil market walking tightrope due to economic, supply risks
By Noah Browning LONDON (Reuters) -The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions al…
UK economy jumps in May as doctors and travel agents get busy
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy grew unexpectedly in May, driven by a rise in doctor appointments but also broader demand for things such as holidays, according to data that could reassure the Bank of England abo…
Tullow expects FY cashflow of $200 million, with H1 neutral cashflow
(Reuters) – Africa-focused Tullow Oil said on Wednesday it expected to make $200 million in free cashflow this year at an average oil price of $95 a barrel, guiding that it sees no cashflow in the first half after an arbitration payment and an acquisit…
Asian stocks gain as investors brace for U.S. inflation data
By Alun John and Sam Byford HONG KONG/TOKYO (Reuters) – Stocks made slight gains across Asia on Wednesday while the euro hovered just above parity against the dollar as investors awaited a highly anticipated U.S. inflation report later in the global da…
Firefighters scramble to put out flames in heatwave-hit Portugal, Spain
By Catarina Demony, Miguel Pereira and Rodrigo Antunes OURÉM, Portugal (Reuters) – Several wildfires swept across Portugal’s central region on Tuesday, forcing the evacuation of hundreds of locals as firefighters struggled to put out flames at a time t…
Twitter sues Elon Musk to hold him to $44 billion deal
By Tom Hals WILMINGTON, Del. (Reuters) – Twitter Inc sued Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.2…