(Reuters) -The Russian rouble rose against the euro to the highest in more than two years on Friday and headed towards 70 to the dollar before paring some gains, supported by capital controls and as the market awaited an expected rate cut by the central bank.

Russia's inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a full-scale economic crisis, a Reuters poll showed on Friday.

In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.

Tata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond, the company said on Friday.

MILAN (Reuters) -Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday when he won the backing of shareholders in the face of a challenge from a rebel investor.

Danske Bank reported lower-than-expected first-quarter profits, citing higher costs and turbulent financial markets, sending its shares lower on Friday even as it maintained is despite full-year profit outlook.