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BERLIN (Reuters) – German Transport Minister Volker Wissing has rejected possible punitive tariffs as a result of the European Commission’s investigation into Chinese electric vehicle (EV) subsidies. “In principle, I don’t think much of erecting market barriers,” Wissing told the Monday edition of the Augsburger Allgemeine newspaper. Such isolationist politics could spark a chain reaction that would massively damage the German economy, said Wissing. “Today cars are sealed off, tomorrow […]

By Nick Carey LONDON (Reuters) – Nissan Motor Co said on Monday that as of now all new models it launches in Europe will be fully electric and it plans to sell only electric vehicles on the continent by 2030. “There is no turning back now,” Nissan CEO Makoto Uchida said in a statement. “Nissan will make the switch to full electric by 2030 in Europe – we believe it […]

By Anna Pruchnicka (Reuters) -An overnight Russian air strike on the southern Ukrainian region of Odesa caused “significant damage” to port infrastructure and destroyed some grain storage facilities, Ukrainian officials said on Monday. No deaths were reported in the attack on Odesa, but at least one person was killed in a separate Russian air strike on the town of Beryslav in the southern region of Kherson region, regional governor Oleksandr […]

(Reuters) – The U.S. Food and Drug Administration (FDA) on Monday approved the use of Appili Therapeutics’ liquid oral form of antibiotic drug metronidazole, giving an easier option to patients who often have difficulty taking injections or pills. An injectable form of the drug, which is commonly used in the treatment of bacterial and parasitic infections, has been in shortage since early last year due to high demand and regulatory […]

By Alun John LONDON (Reuters) – The pound dipped to its lowest in six months against the dollar and its weakest in four months against the euro on Monday, as jitters across asset classes hurt the currency already bruised by markets’ reevaluation of the Bank of England’s rate outlook. The BOE kept rates on hold last week – the first meeting at which it had done so since December 2021 […]

By Paul Carsten LONDON (Reuters) – Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Brent crude futures were up 17 cents, or 0.18%, at $93.44 a barrel by 1133 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude was up 7 cents, […]

By Paul Carsten LONDON (Reuters) – Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Brent crude futures were up 17 cents, or 0.18%, at $93.44 a barrel by 1133 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude was up 7 cents, […]

By Sakura Murakami and Nobuhiro Kubo TOKYO (Reuters) – The United States Space Force has had internal discussions about setting up a hotline with China to prevent crises in space, U.S. commander General Chance Saltzman told Reuters on Monday. The chief of space operations said a direct line of communication between the Space Force and its Chinese counterpart would be valuable in de-escalating tensions but that the U.S. had not […]

By Sakura Murakami and Nobuhiro Kubo TOKYO (Reuters) – The United States Space Force has had internal discussions about setting up a hotline with China to prevent crises in space, U.S. commander General Chance Saltzman told Reuters on Monday. The chief of space operations said a direct line of communication between the Space Force and its Chinese counterpart would be valuable in de-escalating tensions but that the U.S. had not […]