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Fire that shut Heathrow was caused by a preventable technical fault known for years, report finds

LONDON (AP) — An electrical substation fire that shut down Heathrow Airport, canceling more than 1,300 flights, was caused by a preventable technical fault identified almost seven years earlier, a report found Wednesday. Europe’s busiest air hub shut for about 18 hours in March after ...
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After Prada ‘sandal scandal’, Indian brands tap heritage pride to boost sales

By Dhwani Pandya, Arpan Chaturvedi and Elisa Anzolin MUMBAI/MILAN (Reuters) -Indian footwear sellers and artisans are tapping into nationalist pride stoked by the Prada ‘sandal scandal’ in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising ...
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Paramount to pay $16 million in settlement with Trump over ’60 Minutes’ interview

In a case seen as a challenge to free speech, Paramount has agreed to pay $16 million to settle a lawsuit filed by President Donald Trump over the editing of CBS’ “60 Minutes” interview with then-Vice President Kamala Harris in October. Paramount told media outlets ...
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Iran’s president orders country to suspend cooperation with UN nuclear watchdog IAEA

DUBAI, United Arab Emirates (AP) — Iran’s president on Wednesday ordered the country to suspend its cooperation with the International Atomic Energy Agency after American and Israeli airstrikes hit its most-important nuclear facilities, likely further limiting inspectors’ ability to track Tehran’s program that had ...
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Cirsa’s Spanish IPO open to investors until July 7 in deal valuing it at nearly $3 billion

MADRID (Reuters) -Blackstone’s Spanish gambling company Cirsa opened its initial public offering to investors on Wednesday and will close it on July 7, a bookrunner said in a document seen by Reuters. The new shares in the company would be allocated to investors on July ...
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Nissan to recall over 443,000 US vehicles citing engine failure

(Reuters) -Nissan is recalling 443,899 vehicles in the U.S. due to an engine failure, the U.S. National Highway Traffic Safety Administration said on Wednesday. The recall includes Nissan Rogue, Altima, Infiniti QX50, and Infiniti QX55 vehicles, the NHTSA recall report said.(Reporting by Rishabh ...
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Northeast Asia sends the most jet fuel to Europe in nearly a year in June

By Trixie Yap SINGAPORE (Reuters) -Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, according to shiptrackers and three trade sources, amid fears of a Middle East ...
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Volvo Cars sales fall 12% in June, fully electric tumble 26%

STOCKHOLM (Reuters) -Sweden-based Volvo Cars reported on Wednesday a fourth straight month of falling sales volumes, pressured by trade tariffs and weaker electric vehicle demand. Volvo Cars, which is majority-owned by China’s Geely, said in a statement it sold 62,858 cars in June, a ...
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China’s Geely launches in UK, first model to be electric EX5 SUV

By Nick Carey LONDON (Reuters) -Chinese automaker Geely said on Wednesday that it was launching its Geely brand in Britain and its first vehicle to go on sale in the country will be the electric EX5 SUV, which will go on sale in the fourth ...
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KKR agrees to buy Spectris in $6.5 billion deal, tops Advent offer

(Reuters) -Britain’s Spectris has accepted an improved takeover offer from U.S. private equity firm KKR, valuing the scientific instruments maker at about 4.7 billion pounds ($6.46 billion), including debt, the companies said on Wednesday. The offer values Spectris at 40 pounds per share, including dividends, ...
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Asian shares are mixed as Trump’s tariffs deadline looms

MANILA, Philippines (AP) — Asian shares were trading mixed on Wednesday as the July 9 deadline for the U.S. to strike deals with trading partners or impose higher tariffs looms. U.S. futures edged higher and oil prices were little changed. Shares fell in Japan, hit ...
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China Communist Party magazine calls for crackdown on price wars

HONG KONG (Reuters) -A prominent Chinese Communist Party publication called for a crackdown on forms of competition that fuel price wars and squeeze profits in various industries, criticising big firms and local governments for unfair practices. In the most strongly-worded Communist Party warning yet ...
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