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

Stock markets jolted by Musk’s economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on the edge ahead of crucial monthly … Read more

Dollar edges lower ahead of US job data

US dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Euro edges lower before US data Analysts are skeptical about further upside for the greenback Rising risk appetite props up the euro Graphic: World FX rates June 3 (Reuters) – The dollar … Read more

Sterling falls against the dollar amid concerns over the UK economy

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company headquarters in Vienna, Austria, November 16, 2017. REUTERS / Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – Sterling fell against a strengthening dollar on Wednesday, with investors concerned about a deteriorating UK … Read more

Pfizer to sell stake in GSK’s consumer health business after it lists

A person walks past a Pfizer logo amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, US, April 1, 2021. REUTERS / Carlo Allegri / File Photo Register now for FREE unlimited access to Reuters.com Register GSK said in February Pfizer would keep Haleon stake Haleon expected to … Read more