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Euro zone business activity expands at fastest rate in a year, PMI shows
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Boeing to try again to launch first Starliner crewed mission
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UK new car sales grows in May despite drop in private consumer purchases – SMMT
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Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says
Nike cutting jobs at European headquarters in the Netherlands -Bloomberg
Date: June 5, 2024
Nike cutting jobs at European headquarters in the Netherlands -Bloomberg AMSTERDAM (Reuters) – Nike [NKE.N] is cutting jobs at its European headquarters in the Dutch city Hilversum, Bloomberg reported late on Tuesday. Nike did not immediately reply to an emailed request for comment. According to the sportswear giant’s website, more than 2,000 employees work at...
Oil near 4-mth low after OPEC+ supply plan, US stock build
Date: June 5, 2024
Oil near 4-mth low after OPEC+ supply plan, US stock build By Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase in U.S. crude and refined products stocks. Brent crude futures were up 1...
UK discounter B&M profit up 10%, boosted by new store openings
Date: June 5, 2024
UK discounter B&M profit up 10%, boosted by new store openings LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise in revenue that was boosted by 78 new store openings. The FTSE 100 retailer, which sells everything from garden furniture and electrical...
Zara owner Inditex reports slowing quarterly sales growth
Date: June 5, 2024
Zara owner Inditex reports slowing quarterly sales growth MADRID (Reuters) -Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also...
Microsoft takes its AI push to customer service call centers
Date: June 4, 2024
Microsoft takes its AI push to customer service call centers By Stephen Nellis (Reuters) – Microsoft on Tuesday said it will introduce new artificial intelligence tools for customer service call centers. Microsoft, which has backed ChatGPT creator OpenAI, is taking AI technology into a number of fields of the business world with what it calls...
Roaring Kitty’s GameStop options up millions, but cashing in may be tricky
Date: June 4, 2024
Roaring Kitty’s GameStop options up millions, but cashing in may be tricky By Saqib Iqbal Ahmed NEW YORK (Reuters) – “Roaring Kitty” Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop options, but reaping those...