Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS / Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Eurozone business growth has slowed significantly this month – and by much more than expected … Read more

European stocks skid on gloomy business activity data, commodity weakness

European stocks skid on gloomy business activity data, commodity weakness

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 22, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register STOXX 600 on pace to confirm bear market European miners at six-month lows Aroundtown slumps after JPMorgan downgrade Norway central bank hikes by 50 … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

Porsche to pay $ 80 million to resolve fuel economy claims on US vehicles

June 16 (Reuters) – Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $ 80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. The settlement, filed in US District Court in San Francisco, … Read more

The ECB to discuss the market route in an unscheduled meeting

The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS / Ralph Orlowski / File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, June 15 (Reuters) – The European Central Bank’s rate-setting Governing Council will hold an unscheduled meeting on Wednesday morning to discuss the recent sell-off in government … Read more

Credit Suisse lands on UK watchlist for stricter supervision, Financial Times reports

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register June 12 (Reuters) – The UK’s Financial Conduct Authority has put Credit Suisse (CSGN.S) on a watchlist of institutions in need of stricter supervision, the Financial Times reported … Read more

CEE ECONOMY Czech inflation hits 16%, raising bets of big June rate hike

Czech Crown coins are seen in front of a displayed logo of Czech central bank (CNB) in this picture illustration taken April 1, 2017. REUTERS / David W Cerny / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register Czech inflation surges above expectations Markets see at least a 100 bps … Read more

Plant-based food stocks lack sustainable finance

A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in London, Ontario, Canada October 2, 2019. REUTERS/Moe Doiron Register now for FREE unlimited access to Reuters.com Register LONDON, June 10 (Reuters Breakingviews) – Plant -based diets are more environmentally sustainable than those which involve consuming meat and … Read more

ABB delays IPO of e-mobility business citing ‘challenging’ market

An ABB Group EV charger for electric buses is seen through a fence, at an LA City Transportation Department (LADOT) DASH transit bus maintenance facility in downtown Los Angeles, California, US, August 21, 2021. REUTERS / Bing Guan / File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 7 (Reuters) – … Read more