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Wall St rallies, Treasury yields steady ahead of holiday weekend
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European stocks on track for weekly drop as rate worries resurface
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G7 finance summit kicks off seeking unity on Ukraine, China
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Airbus fits electric truck with airliner cockpit to study safer taxiing
Millions of Britons set for lower energy bills after 7% price cap cut
Date: May 24, 2024
Millions of Britons set for lower energy bills after 7% price cap cut By Susanna Twidale (Reuters) -Most British household energy bills will fall from July after regulator Ofgem cut its domestic price cap by 7%, largely thanks to a fall in wholesale energy prices, but analysts warned the reduction could be temporary. The drop...
Czech online grocer Rohlik ramps up German expansion as rivals quit
Date: May 24, 2024
Czech online grocer Rohlik ramps up German expansion as rivals quit By Michael Kahn PRAGUE (Reuters) – As foreign online grocery delivery rivals exit Germany, Czech Republic-based Rohlik Group is ramping up in Europe’s biggest economy and is on track to break even within the next 12 months, founder and chief executive Tomas Cupr told...
Washout for UK retailers as rain spurs sharp drop in April sales
Date: May 24, 2024
Washout for UK retailers as rain spurs sharp drop in April sales By Andy Bruce (Reuters) -British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed on Friday. Sales volumes dropped...
UK commercial property values stabilising despite offices drag, says British Land
Date: May 22, 2024
UK commercial property values stabilising despite offices drag, says British Land By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to stabilise after a torrid period for real estate investments, as it reported forecast-beating earnings on Wednesday. Commercial property owners globally have been hit by...
Stellantis CEO: electric vehicle tariffs are a trap
Date: May 22, 2024
Stellantis CEO: electric vehicle tariffs are a trap By Joseph White and Christoph Steitz MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of significant consequences for jobs and production as a result, the group’s Chief Executive Carlos Tavares said on Wednesday. The comments in an...
Analysis-Europe stock pickers go old-school to ride the next wave in AI
Date: May 22, 2024
Analysis-Europe stock pickers go old-school to ride the next wave in AI By Lucy Raitano LONDON (Reuters) – European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year after AI chipmaker Nvidia’s emergence as a...