Oil rallies as grain markets tighten, dollar falls on Fed Chair comments
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-m..
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Dollar higher after Powell says Fed inflation fight ‘has a long way to go’
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday after Federal Reser..
Finance
French send deep diving robot to help Titanic sub search
By Louise Dalmasso PARIS (Reuters) – A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to hel..
Technology
Factbox-Aviation emissions targets in focus at Paris Airshow
By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air tra..
News
UK manufacturers see lowest inflation since Feb 2021 – CBI
LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since February 2021 over the next three ..
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German recession will be sharper than expected: Ifo
BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on priv..
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UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh
By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sale..
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UK’s Halfords expects pricing efforts to drive profits
By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep pri..
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European car sales rise in May – ACEA
BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on..
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Factbox – Graphite producers doing deals with automakers and battery groups
LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite dem..
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Mastercard launches global plan to recycle credit cards
By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debi..
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Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources
By Emma-Victoria Farr, Ludwig Burger and Patricia Weiss (Reuters) -Abu Dhabi National Oil Company (ADNOC) has approached German plast..
News
UK fines WH Smith, M&S and others for not paying minimum wage
LONDON (Reuters) – Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, ..
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Italy’s Brembo to move to Amsterdam to increase M&A options
MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share sc..
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Nasdaq to transfer European power business to EEX bourse
By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its European power trading and clearing business to the E..
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Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT
(Reuters) – Abu Dhabi’s sovereign wealth fund ADQ held talks with investment bank Lazard Ltd to take it private earlier t..
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Factbox-Hyundai’s plans for EVs, restructuring in China
(Reuters) – Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp, outlined plans on Tuesday for a dee..
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MTU and Safran to create JV on military helicopter developments
(Reuters) – German MTU Aero Engines and French Safran have signed a memorandum of understanding to create a joint-venture on de..
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Britain backs greener air travel with $280 million funding package
LONDON (Reuters) – Britain has announced 218 million pounds ($279 million) to help fund research into greener air travel, its m..
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Singapore tops list of costliest cities for goods, services aimed at the wealthy
SINGAPORE (Reuters) – Singapore for the first time became the most expensive city for goods and services for wealthy people, ov..
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Lanxess slashes profit outlook as demand recovery lags
(Reuters) – German speciality chemicals maker Lanxess on Monday evening cut its second-quarter and annual core profit forecasts..
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Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT
(Reuters) -European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion..
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Japan’s Suzuki to make ‘flying cars’ with SkyDrive
TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make &#..
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Great Resignation’ continues as quarter of workers look to change jobs – PwC
By Divya Chowdhury MUMBAI (Reuters) – A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from..
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EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body
BRUSSELS (Reuters) – Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or t..
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UBS faces big penalty over Credit Suisse’s Archegos failings -FT
(Reuters) – UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos ..
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Bank of England launches first sector-wide liquidity ‘stress test’
By Huw Jones LONDON (Reuters) -The Bank of England has launched its first system-wide liquidity ‘stress test’ to establis..
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Royal Mail’s largest union to resume vote on deal with postal company on June 22
(Reuters) – The largest union of UK’s Royal Mail will resume voting on an agreement reached with the British postal firm ..
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Stocks rally stalls, eyes Powell testimony for rate clues
By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares drifted on Monday, consolidating gains after hitting a 14-mon..
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Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 pl..
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AstraZeneca planning China business spin off -FT
(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong i..
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ECB risks losing sight of ‘greedflation’ with laser-focus on wages
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a dr..
News
Oil slides more than $1 on China growth uncertainties
By Katya Golubkova and Emily Chow TOKYO (Reuters) -Global oil prices fell more than $1 on Monday, backing off last week’s gains..
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Dollar drifts as traders weigh rate path; yen fragile
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was tentative on Monday as investors tried to assess the monetary polic..
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JLR taps Everstream Analytics’ AI to dodge supply chain problems
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstre..
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British supermarket Morrisons cuts prices of nearly 50 products
LONDON (Reuters) – British supermarket Morrisons said on Monday it was cutting the prices of 47 products by an average of over ..
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France’s Macron vows to boost sustainable aviation fuel production
PARIS (Reuters) – France will invest 200 million euros ($218.78 million) to boost the production of sustainable aviation fuels ..
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