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Global unemployment to slightly fall in 2024, UN labour body says
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China’s Geely to launch hybrids with more fuel-efficient engines
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German consumer sentiment recovers further heading into June
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Uber to offer Seine cruises, day trips in Paris during Olympics rush
BYD unveils new hybrid tech as battle with gasoline rivals heats up
Date: May 29, 2024
BYD unveils new hybrid tech as battle with gasoline rivals heats up SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen that still sell mainly gasoline cars. BYD’s chairman Wang Chuanfu unveiled the fifth...
Hess shareholders sign off on $53 billion sale to Chevron
Date: May 29, 2024
Hess shareholders sign off on $53 billion sale to Chevron By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobil’s massive Guyana discoveries. The approval...
Global equity index dips as investors await inflation prints
Date: May 28, 2024
Global equity index dips as investors await inflation prints By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a mixed bag and the benchmark Treasury yield was higher as investors awaited inflation data due later in the week for potential clues about the...
Dollar slips ahead of data, set for first monthly drop in 2024
Date: May 28, 2024
Dollar slips ahead of data, set for first monthly drop in 2024 By Stefano Rebaudo (Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that could affect expectations for major central banks’ monetary policy outlooks. The greenback was also on the verge of...
What is OPEC+ and how does it affect oil prices?
Date: May 24, 2024
What is OPEC+ and how does it affect oil prices? DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy. Below are key facts about OPEC+ and its role. WHAT ARE OPEC...
Oil edges higher after inflation gloom hit prices
Date: May 24, 2024
Oil edges higher after inflation gloom hit prices By Robert Harvey LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation could prolong higher interest rates and curb fuel demand. The Brent crude July contract was up 41 cents to $81.77 a barrel by 1351 GMT....