kslmadmin

ZURICH (Reuters) – Germany has welcomed a decision by neutral Switzerland to open the way to sell back some of its German-made Leopard II tanks to help rebuild stocks depleted by aid to Ukraine. Germany had asked Switzerland in February to sell back some of the 96 Leopard II tanks it has in storage to manufacturer Rheinmetall AG. To comply with Swiss neutrality laws, Berlin has assured Bern the weapons […]

By Helen Reid STOCKHOLM (Reuters) -H&M said unusually hot weather in many of its European markets had delayed the start of the autumn shopping season, sending sales lower in September, while cost cuts helped the fashion retailer’s quarterly profit rise. H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10% year-on-year measured in local currencies. That compares with Inditex reporting sales between Aug. 1 and […]

By Elizabeth Pineau PARIS (Reuters) -Airbnb is expecting to host up to half a million people in Paris during the 2024 Olympics and is urging more Parisians to put their homes up for rent, Chief Executive Officer Brian Chesky said on Tuesday. The more listings there are, the more prices will be contained, Chesky told Reuters, amid fears that prices could rocket and accommodation for the Games next August could […]

By Felix Light GORIS, Armenia (Reuters) – Tens of thousands of ethnic Armenians rushed on Wednesday to flee the breakaway region of Nagorno-Karabakh for Armenia after a lightening military operation by Azerbaijan that has recast the contours of the post-Soviet South Caucasus. So far more than 28,000 of the 120,000 Armenians of Karabakh, a region internationally recognised as part of Azerbaijan, have crossed in the border into Armenia, a country […]

STOCKHOLM (Reuters) -H&M said unusually hot weather in many of its European markets had delayed the start of the autumn shopping season, sending sales lower in September, while cost cuts helped the fashion retailer’s quarterly profit rise. H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10% year-on-year measured in local currencies. Operating profit in the June-August period, the Swedish group’s third quarter, was 4.74 […]

(Reuters) – Slovak opposition party SMER-SSD, led by former prime minister Robert Fico, held a narrowing lead over its liberal challenger Progresivne Slovensko ahead of a Sept. 30 election, according to IPSOS agency’s final poll published on Wednesday. The poll, conducted for news website www.dennikn.sk, surveyed 1,000 participants between Sept. 22 and Sept. 25, put support for SMER-SDD at 20.6% to 19.8% for Progresivne Slovensko (Progressive Slovakia – PS). PS […]

By Emily Chow SINGAPORE (Reuters) -Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. Brent crude futures were up 74 cents, or 0.8%, to $94.70 a barrel by 0645 GMT, after rising as much as $1.03. U.S. West Texas Intermediate crude futures climbed 83 cents, or 0.9%, to $91.22 after gaining […]

By Felix Light GORIS, Armenia (Reuters) – Tens of thousands of ethnic Armenians rushed on Wednesday to flee the breakaway region of Nagorno-Karabakh for Armenia after a lightening military operation by Azerbaijan that has recast the contours of the post-Soviet South Caucasus. So far more than 28,000 of the 120,000 Armenians of Karabakh, a region internationally recognised as part of Azerbaijan, have crossed in the border into Armenia, a country […]

By Julie Zhu HONG KONG (Reuters) – Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates. The dollar index hit a fresh 10-month high, while the Japanese yen came closer to a key level where Japanese officials are seen as potentially intervening to shore up the currency. […]