Reuters

By Christoph Steitz and Joseph White

MUNICH (Reuters) - Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event.

European trade regulators in Brussels have said they could levy new tariffs on Chinese electric vehicles based on the results of an... (continue reading...)

VATICAN CITY (Reuters) - Pope Francis has attributed a second miracle to an Italian teenager who in his short life used his computer skills to spread the Catholic faith, clearing the way for him to become the first saint of the millennial generation.

Carlo Acutis, who died of leukaemia in 2006 aged 15, was informally known as "God's influencer". Born in London, he grew up in Milan where he took care of his parish website and later of a Vatican-based... (continue reading...)

By Jonathan Cable

LONDON (Reuters) - Businesses across the globe broadly enjoyed an improved performance this month with activity picking up across parts of Asia and Europe, surveys showed on Thursday, giving central banks room to potentially defer cutting interest rates.

Borrowing costs were raised following the COVID-19 pandemic to combat rampant inflation but the talk has now turned as to how soon - and by how much - they will fall.

(Reuters) -TD Bank Group reported a rise in its second-quarter profit on Thursday, driven by strong performance of its domestic personal and commercial banking and wealth management units

Better margins at Toronto, Ontario-based bank's domestic unit and a rise in loan volumes helped its performance.

Its Canadian Personal and Commercial Banking unit's net income in the quarter was C$1.74 billion, an increase of 7% compared to the second... (continue reading...)

By Darya Korsunskaya

(Reuters) - Russian authorities are ready to discuss abolishing export duties based on the exchange rate in return for a "fair" increase in corporate profit tax rates, Finance Minister Anton Siluanov said on Thursday.

President Vladimir Putin proposed higher taxes for companies and wealthy individuals shortly before securing another six-year term in power in March, in an election widely condemned in the West as... (continue reading...)