kslmadmin

LONDON, May 5 (Reuters) – Britain on Tuesday announced sanctions against 35 people and entities it said were involved in recruiting vulnerable migrants to fight for Russia in its war in Ukraine and produce drones for use in the conflict. The Foreign Office announced 17 designations under its global irregular migration sanctions regime, relating to what it said were trafficking networks facilitating the travel of people to be sent “to […]

By Krisztina Than and Anita Komuves BUDAPEST, May 5 (Reuters) – One of Hungary’s top media players, whose companies have benefited from lucrative state contracts under the outgoing government, has offered to hand over his firms and some of his investments to the state as the new government takes over. Gyula Balasy, owner of several top media companies that have designed government campaigns for over a decade, made the shock […]

By Alexander Marrow LONDON, May 5 (Reuters) – Global dairy companies and food producers are investing heavily to meet soaring demand for protein-rich whey, driven by a surge in the use of weight-loss drugs and healthier eating trends. Whey, a by-product of cheese-making which is traditionally used as pig feed, is an essential component of the food products now targeting consumers looking to prevent muscle loss. Data from StoneX consultancy […]

STOCKHOLM, May 5 (Reuters) – The Swedish government said on Tuesday it was moving ahead with plans for a new foreign intelligence agency after past criticism that security officials failed to predict Russia’s 2022 invasion of Ukraine despite signs of a military build-up. Creating a new civilian agency for foreign intelligence, reporting directly to the government, had been proposed in a public investigation and given an initial go-ahead last year. […]

BANGKOK, May 5 (Reuters) – Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to stay the course on the 25-year-old pact.  The Thai cabinet’s cancellation of the agreement, which seeks to develop a framework to jointly explore hydrocarbons in parts of the Gulf of Thailand where the two countries’ claims overlap, had long been expected and […]

COPENHAGEN, May 5 (Reuters) – Sweden-based Volvo Cars sold 162,864 cars in the three months through April, down 10% from the same period a year earlier, it said on Tuesday. • China sales remained weak amid competitive and macro pressures, while U.S. deliveries continued to face softer customer sentiment, slower electrified car demand and SUV pricing pressure. • Sales of electrified models, including fully electric and plug-in hybrid cars, accounted […]

By Ozan Ergenay May 5 (Reuters) – German fashion group Hugo Boss reported quarterly operating profit above expectations on Tuesday, despite a challenging market environment. The company posted first-quarter earnings before interest and taxes (EBIT) of 35 million euros, down from 61 million euros a year earlier, but above analyst’s forecast of 30 million euros in a company-provided poll. The German firm reported revenue of 905 million euros for the […]

DUBAI/WASHINGTON, May 5 (Reuters) – The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian small boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a […]

BERLIN, May 5 (Reuters) – German premium carmaker Audi is pushing ahead with plans to bring its Q9 SUV to the US market this summer despite another looming tariff hike, finance chief Juergen Rittersberger said on Tuesday. If tariffs on EU automotive imports are raised to 25% as announced by President Donald Trump, this would be a significant burden for Audi, but this has not yet been confirmed, Rittersberger said. […]