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 m..
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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 priva..
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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 sales..
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UK’s Halfords expects pricing efforts to drive profits
LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should h..
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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 dema..
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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 plasti..
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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, f..
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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 sch..
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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 Eu..
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Fuelling economic growth: The UK government’s vision for the creative industries
Written by Joanna Reynolds, Managing Director at Bordeaux & Burgundy Last month, the UK Government made an exciting announcement t..
Finance
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 th..
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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 deep..
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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 dev..
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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 mi..
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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, ove..
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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 th..
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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 C..
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Bank of England launches first sector-wide liquidity ‘stress test’
LONDON (Reuters) -The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big bank..
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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 o..
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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-mont..
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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 pla..
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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 is..
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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 dri..
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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 policy..
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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 Everstrea..
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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 2..
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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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Self-driving truck company Einride expands into Norway
By Johannes Birkebaek COPENHAGEN (Reuters) – Swedish electric self-driving truck company Einride expects to reduce CO2 emissions..
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Euro zone May inflation confirmed at 6.1% yr/yr, core eases
BRUSSELS (Reuters) – Euro zone consumer inflation sharply decelerated in May, the European Union’s statistics office confi..
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Intel facility is largest greenfield investment in Poland, PM says
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western P..
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