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Stocks regain some ground, bonds steady after rate angst sell-off
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Britain’s creaking power grid leaves green energy revolution adrift
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Battle over power pylons highlights Britain’s net zero challenge
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Dollar trades around two-week high as U.S. bond yields surge
Birkenstock raises annual revenue forecast on strong footwear demand
Date: May 30, 2024
Birkenstock raises annual revenue forecast on strong footwear demand (Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-price selling and strong demand for its closed-toe silhouettes and cork-based sandals. Wholesale retailers are still stocking up on in-demand products like Birkenstock despite a wider effort...
Italy April jobless rate falls to 6.9%, lowest since 2008
Date: May 30, 2024
Italy April jobless rate falls to 6.9%, lowest since 2008 ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the month before, data showed on Thursday, as some 84,000 jobs were created in the month. The April rate was the lowest since December 2008, national statistics bureau ISTAT...
Brookfield enters deal to buy France’s Neoen for $6.6 billion
Date: May 30, 2024
Brookfield enters deal to buy France’s Neoen for $6.6 billion (Reuters) -Canada’s Brookfield said on Thursday that it, together with Brookfield Renewable Partners and Singapore’s Temasek Holdings, has entered into exclusive discussions to buy majority stake in French renewable power producer Neoen valuing it at around 6.1 billion euros ($6.6 billion). Asset manager Brookfield said...
Sneaker maker Golden Goose aims to list in Milan in June
Date: May 30, 2024
Sneaker maker Golden Goose aims to list in Milan in June MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June. The offer will consist of 100 million euros ($107.92 million) of new shares and existing shares, to reach a free float equal to...
Airline SAS posts bigger Q2 loss, eyes end to restructuring
Date: May 30, 2024
Airline SAS posts bigger Q2 loss, eyes end to restructuring (Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and said on Thursday it intended to complete its financial restructuring during the summer of 2024. (Reporting by Elviira Luoma, editing by Terje Solsvik)...
German inflation higher than expected ahead of ECB rates decision
Date: May 29, 2024
German inflation higher than expected ahead of ECB rates decision By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increase had been expected and should not alarm European Central Bank policymakers ahead of their interest rate decision next week. Analysts polled by Reuters had...