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UK car output jumps 27% in May from year earlier on steady EV demand
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Volkswagen in talks with Tesla to adopt its charging standard
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AutoStore to appeal London high court loss to Ocado in patent feud
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Credit Suisse appoints investment banking management committee -memo
Binance’s European banking partner Paysafe to withdraw support
Date: June 29, 2023
Binance’s European banking partner Paysafe to withdraw support (Reuters) -Binance’s European banking partner Paysafe Payment Solutions said on Thursday it will cease offering its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. “Paysafe and Binance are now working to mutually implement an orderly and fair process...
Britain’s Ocado follows rivals in cutting some prices
Date: June 29, 2023
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 essential items, adding to hopes a surge in food inflation will moderate this year and provide relief to consumers battered by a cost of living crisis. Stubbornly high...
South African citrus growers say EU pest rules putting squeeze on exports
Date: June 28, 2023
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, threatening thousands of jobs, the Citrus Growers Association (CGA) has said. The new measures imposed by the EU last June require enhanced cold...
India’s aerospace suppliers see upside in parts-making from record jet orders
Date: June 28, 2023
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 two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative...
Chinese payment giants revive effort to accept foreign credit cards
Date: June 28, 2023
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 international credit cards to their platforms, an issue that has long plagued foreign visitors as the country’s payment system has kept credit...
Euro zone lending takes another hit in May
Date: June 28, 2023
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 bloc’s vast manufacturing sector, European Central Bank data showed on Wednesday. The ECB has been raising interest rates at the fastest pace on record over the...