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By Anna Ringstrom STOCKHOLM (Reuters) – H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia. In Europe, where H&M does the bulk of its business, the Ukraine conflict, …

H&M to cut costs as profits hit by inflation, cautious shoppers Read More »

KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy called a number of foreign leaders on Wednesday as Moscow looked poised to annex a swath of Ukrainian territory and later thanked them for their support. Zelenskiy spoke to the leaders of countries including Britain, Canada, Germany and Turkey to press demands for more military aid and tougher sanctions …

Zelenskiy works the phone to rally support against Russia, thanks allies Read More »

LONDON (Reuters) -Moscow said on Wednesday that training for newly mobilised reservists had started across Russia, in places including the Rostov region on the Ukrainian border and the Crimean peninsula seized from Ukraine in 2014. The Defence Ministry said on its Telegram channel that training had also begun in the Kaliningrad exclave, which borders NATO …

New Russian recruits train in Crimea and near Ukrainian border Read More »

By Mike Stone WASHINGTON (Reuters) – The United States unveiled a $1.1 billion arms package for Ukraine’s battle with Russia that includes 18 High Mobility Artillery Rocket System (HIMARS) launcher systems, accompanying munitions, various types of counter drone systems and radar systems, U.S. officials said on Wednesday. The Pentagon’s announcement kicks off a contracting process …

US unveils $1.1 billion Ukraine arms package Read More »

WASHINGTON (Reuters) -The United States is working with allies on sanctions to impose if Russia annexes new areas of Ukraine, and they will include penalties on individuals and entities inside and outside of Russia that support annexation, the White House said on Wednesday. Washington is keeping a wary eye on Russia after pro-Russian forces in …

U.S. working on sanctions responding to Russia annexation plans Read More »

HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelines, Prime Minister Sanna Marin said on Wednesday. Marin told reporters that Finland, which shares the European Union’s longest land border with Russia, considers the explosions “grave news” and “extremely worrying”. The pipelines were built by Russia …

Finland watching its waters closely after gas pipeline blasts, PM says Read More »

CHISINAU (Reuters) – The small ex-Soviet state of Moldova must boost defences because Russia is not respecting its neutrality, pro-Western President Maia Sandu told national television on Wednesday. Moldova, which borders Ukraine and Romania, applied for European Union membership this year and strongly condemned Russia’s invasion of Ukraine. There are Russian troops and peacekeepers based …

Moldova must boost defences, given presence of Russia troops -president Read More »

BUDAPEST (Reuters) – More than 1,000 Hungarians protested on Wednesday against a change in abortion rules that took effect on Sept. 15, which women’s rights groups say would “humiliate” and torment women while having no effect on the number of abortions. Under the rules amended by Conservative Prime Minister Viktor Orban’s government, pregnant women must …

Hungarians protest change in abortion rules Read More »