Casino shares plunge as supermarket chain faces increased default risk
PARIS (Reuters) -Shares in France’s Casino plunged by as much as 20% to fresh record lows on Monday after the supermarket chain..
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Panasonic needs four more EV battery plants, executive says
By Miho Uranaka OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach it..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations e..
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Apple makes history as first $3 trillion company amid tech stock surge
(Reuters) – Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its ex..
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Australia’s United Malt agrees to $1 billion takeover offer from France’s InVivo
By Harish Sridharan and Sybille de La Hamaide (Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 mill..
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Hong Kong May retail sales rise 18.4%, sixth month of growth
HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound touris..
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Time for boards to be agile
By John Harte, Managing Partner at Integrity Governance Volatility is continuing for boards after the upheaval caused by the pandemi..
Finance
Seeking more Bang for the Buck, Cybersecurity leaders embrace services
Author: Anthony Chadd, Chief Revenue Officer, Vercara Cybersecurity leaders are experiencing mounting pressures from all sides..
Technology
UK car output jumps 27% in May from year earlier on steady EV demand
(Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicl..
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Volkswagen in talks with Tesla to adopt its charging standard
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automa..
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AutoStore to appeal London high court loss to Ocado in patent feud
LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March whi..
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Advancements of AI and compliance in the financial services sector
By Martin Hartley, Group CCO of emagine Consulting, a management and technology consulting firm for the financial servic..
Finance
Credit Suisse appoints investment banking management committee -memo
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee..
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Britain’s Ocado follows rivals in cutting some prices
By James Davey LONDON (Reuters) – British online supermarket Ocado Retail has followed rivals by cutting prices of some essenti..
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Catalonia cracks down on booming marijuana industry
By Horaci Garcia and Joan Faus BARCELONA (Reuters) – Heavily-armed police officers arrived in a well-to-do Barcelona suburb bef..
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South African citrus growers say EU pest rules putting squeeze on exports
(Reuters) – New European Union pest control rules will cut South Africa’s orange exports to Europe by 20% this year, thre..
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India’s aerospace suppliers see upside in parts-making from record jet orders
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top ..
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Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link in..
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Euro zone lending takes another hit in May
(Reuters) – Euro zone bank lending slowed further in May, dragged down by higher interest rates and a recession in the blocR..
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Boohoo urges Revolution Beauty to call general meeting over board changes
(Reuters) – Boohoo on Wednesday urged Revolution Beauty to call for its requisitioned general meeting “without further de..
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SAP CEO: huge growth potential in generative AI
(Reuters) – German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer ..
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Nissan will not fill COO position left open by Gupta’s departure
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under..
News
Asia shares subdued, yen shunned as euro shines
By Wayne Cole SYDNEY (Reuters) – Asian shares stalled on Wednesday as surprisingly upbeat U.S. economic news warred with global..
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Google lays off staff at its mapping app Waze
(Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising syst..
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Google lays off staff at its mapping app Waze
By James Davey LONDON (Reuters) – One in seven people in the United Kingdom faced hunger last year because they did not have en..
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Cryptoverse: Bitcoin bounces on BlackRock buzz
By Lisa Pauline Mattackal and Medha Singh (Reuters) – What would Satoshi make of it all? Bitcoin, the currency created to subve..
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Hungary not getting EU recovery funds would hit credibility – Fitch
By Gergely Szakacs BUDAPEST (Reuters) – Any failure by Hungary to pass reforms to unlock European Union recovery funds would ha..
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German bond yield curve most inverted in nearly 31 years
By Stefano Rebaudo (Reuters) -The German yield curve was at its most inverted level in nearly 31 years on Tuesday as investors bet th..
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Aston Martin’s shares skid after it drops sales volume target
(Reuters) – British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales volume target as it stuck ..
News
Renault CEO says free float of future electric unit will be more than 10%
PARIS (Reuters) – A sizeable chunk of Renault’s planned electric vehicle spinoff could remain in free float on the stock ..
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Accor plans to add more than 1,200 hotels
(Reuters) -Accor plans to open more than 1,200 hotels in the next five years, increasing the number of its resorts by more than one-f..
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China’s state banks seen selling dollars offshore to slow yuan drop – sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange mar..
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Indonesia’s Pertamina, Electrum sign battery packs development deal
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for ..
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Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
KUALA LUMPUR (Reuters) – Petronas said on Tuesday it has signed a development agreement with TotalEnergies Carbon Neutralit..
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Dollar holds firm ahead of U.S. durable goods, housing data
TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders ..
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Illumina starts job cuts, plans office exit to rein in costs
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the imp..
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Britain says Celsa Steel has repaid emergency COVID loan, created 300 jobs
LONDON (Reuters) – The British arm of Celsa Steel has fully repaid an emergency COVID loan it received 3 years ago, generating ..
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