Reuters

PRAGUE (Reuters) - An explosion involving ammunition at a Czech army training area injured nine people on Monday, Czech Television reported.

The explosion took place at the Libava training area in the east of the Czech Republic, the Czech army said earlier on social media platform X. It reported injuries, without giving more details.

(Reporting by Jan Lopatka and Jason Hovet; Editing by Gareth Jones and Bernadette Baum)

JERUSALEM (Reuters) - Israeli defence exports rose to a record $13.1 billion in 2023, a government report said on Monday, citing hundreds of contracts signed at various defence firms.

Some 36% of exports came from missile, rocket and air defence systems, followed by radar and electronic warfare, weapon stations and launchers at 11% each, with crewed aircraft and avionics at 9%, the Defence Ministry said.

Defence exports, which totalled... (continue reading...)

(Reuters) - Adidas shares dropped 4% on Monday after the German sportswear brand said it was investigating allegations of corruption in China after receiving an anonymous letter.

"Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate," it said in a statement.

Adidas shares were down 4% at 216... (continue reading...)

(Reuters) - U.S. machinery maker Caterpillar's former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed.

Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow's February 2022 invasion of Ukraine.

Russian President Vladimir Putin approved... (continue reading...)

BENGALURU (Reuters) - The Swiss National Bank (SNB) will cut its key policy rate by 25 basis points on June 20 for a second straight meeting, according to two-thirds of economists polled by Reuters, a slim majority of whom said the central bank would trim it again in September.

Although that was in line with market pricing of a nearly 75% chance of a June rate cut, the policy decision on Thursday could be a close call given a recent rebound in economic... (continue reading...)