Downturn in German manufacturing may be bottoming out, PMI shows
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s big..
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Asian factory activity expands in May on robust global demand
By Leika Kihara TOKYO (Reuters) -Asian factory activity expanded in May as manufacturers benefited from broadening global demand, pri..
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What S&P’s ratings downgrade means for France
By Leigh Thomas PARIS (Reuters) -Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign d..
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Italian banks must invest more in technology, central bank says
ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said..
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UK supermarket sales set for Euro 2024 fillip, says NIQ
LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set fo..
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Euro zone inflation rises in fresh signal for ECB caution
By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank ..
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Pound heads for best monthly gain of 2024 ahead of US inflation
LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectat..
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Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent i..
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Dollar slides after US inflation meets expectations in April
By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2..
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Oil set for weekly loss ahead of OPEC+ meeting
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on S..
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Stocks lose steam after U.S. data
By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed ..
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European shares rise after US inflation data keeps Fed rate cut hopes alive
By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of int..
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London stocks end higher for third month
By Pranav Kashyap and Purvi Agarwal (Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as inv..
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Nvidia set to overtake Apple as world’s second-most valuable company
By Medha Singh (Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest be..
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EU approves Italian aid for $5.4 billion STMicro chip plant
By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to bui..
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German retail sales fall more than expected in April
(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..
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Renault, Geely create joint venture for hybrid, combustion engines
(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..
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Investors hold their breath for inflation data
A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports fr..
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Analysis-Aircraft shortages turn into cash bonanza for some airlines
By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of su..
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India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domest..
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Stocks regain some ground, bonds steady after rate angst sell-off
By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..
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Britain’s creaking power grid leaves green energy revolution adrift
By Paul Sandle and Kate Holton PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, s..
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Battle over power pylons highlights Britain’s net zero challenge
By Elizabeth Piper WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field b..
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Dollar trades around two-week high as U.S. bond yields surge
(Corrects days of 0.5% falls in paragraphs four and 11 to Wednesday, from Tuesday) By Harry Robertson and Kevin Buckland LONDON/TOKYO..
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Birkenstock raises annual revenue forecast on strong footwear demand
(Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-pr..
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Italy April jobless rate falls to 6.9%, lowest since 2008
ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, data..
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Brookfield enters deal to buy France’s Neoen for $6.6 billion
(Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Tema..
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Sneaker maker Golden Goose aims to list in Milan in June
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June...
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Airline SAS posts bigger Q2 loss, eyes end to restructuring
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..
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German inflation higher than expected ahead of ECB rates decision
By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increas..
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Global unemployment to slightly fall in 2024, UN labour body says
By Matteo Allievi (Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as i..
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Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar
LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United..
Finance
China’s Geely to launch hybrids with more fuel-efficient engines
SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first..
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German consumer sentiment recovers further heading into June
BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened..
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Uber to offer Seine cruises, day trips in Paris during Olympics rush
The ride-hailing platform will offer its “Uber Cruises” free of charge from July 12 to August 3, and customers can also ..
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BYD unveils new hybrid tech as battle with gasoline rivals heats up
SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and co..
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Hess shareholders sign off on $53 billion sale to Chevron
By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the..
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