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MOSCOW (Reuters) -Sergei Aksyonov, the head of Russia-controlled Crimea, said on Thursday that disruptions in fuel supplies were related to the closure of some oil refineries as a gasoline crisis widened across Russia. Several Russian regions were seeing shortages of certain fuel grades as Ukrainian drone attacks have reduced refinery runs, while high borrowing costs …

Refinery shutdowns hurt fuel supply in several Russian regions, Russian Crimea head says Read More »

SOCHI, Russia (Reuters) -The Russian central bank will proceed very cautiously with lowering its key rate, Governor Elvira Nabiullina said on Thursday, speaking after the government announced plans to raise value-added tax from next year. “I want to confirm that we will continue moving forward, carefully calibrating each step,” Nabiullina said. “Additional, overly rapid easing …

Russia’s Nabiullina says the central bank will cut rates with caution Read More »

By Rajesh Kumar Singh KANSAS CITY, Missouri (Reuters) -As a Boeing 757 aircraft prepared to land, an audio alert started blaring in the cockpit: “Traffic on runway! Traffic on runway!” Seconds later, the same warning popped up on the navigation display. It prompted the pilot to abort the landing to avoid a possible collision. The …

Airport runway close calls spur hopes for wider adoption of cockpit alert technology Read More »

LONDON (Reuters) -British retailers reported a 12th straight month of falling sales in September and they expect another decline in October as weaker consumer demand and concerns about the government’s next budget weigh, a survey showed on Thursday. The Confederation of British Industry’s monthly gauge of how retail sales compared with a year earlier fell …

UK retail sales fall for 12th month in a row, CBI says Read More »

LONDON (Reuters) -The Bank of England on Thursday allotted a record 87.149 billion pounds ($117.19 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 83.085 billion pounds set two weeks ago. The central bank is using increasingly its short-term repo operations as a way to provide banks with …

Bank of England allots record 87.15 billion pounds in short-term repo Read More »

BERLIN (Reuters) -Mercedes-Benz on Thursday said it welcomed the implementation of a trade agreement between the United States and the European Union but urged both sides to improve transatlantic trade conditions further. “Politicians must continue to work on dismantling barriers that restrict free trade,” the German carmaker said in a statement. (Reporting by Ludwig Burger, Editing …

Mercedes-Benz says transatlantic trade conditions need to improve further Read More »

BERLIN (Reuters) -Rheinmetall plans to build a new ammunition plant in Latvia, the German defence conglomerate said on Thursday, expanding the ability of the Baltic nation bordering Russia to defend itself. Countries across Europe have been racing to increase their defence capabilities in the wake of the war in Ukraine in an effort to deter …

Rheinmetall to boost Latvia’s defence capabilities with new ammunition plant Read More »