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Factbox-What is the Kakhovka dam in Ukraine – and what happened?
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Apple expected to reveal mixed-reality headset at developer conference
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Spotify to lay off 200 workers in podcast division
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Oil rises on Saudi plan to deepen output cuts from July
Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports
Date: June 5, 2023
Richard Teng seen as potential successor to Binance’s Changpeng Zhao -reports (Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candidate to succeed the cryptocurrency firm’s chief executive officer, Changpeng “CZ” Zhao, according to media reports. The issue of succession has taken on additional urgency,...
Euro zone business growth slowed in May as factories struggled-PMI
Date: June 5, 2023
Euro zone business growth slowed in May as factories struggled-PMI LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed overall price pressures had abated. HCOB’s final Composite Purchasing Managers’ Index (PMI),...
Volvo Cars sales up 31% in May
Date: June 5, 2023
Volvo Cars sales up 31% in May HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May. The car manufacturer, majority-owned by China’s Geely, saw May sales of fully electric cars double to 10,826. In the company’s biggest market Europe,...
Novo Nordisk in talks buy controlling stake in Biocorp
Date: June 5, 2023
(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp’s main shareholder, for the purchase of its over 45% stake in the French company at a...
UK auto industry body says new car sales rise in May, but below pre-COVID level
Date: June 5, 2023
(Reuters) – Britain’s new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier, according to the preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) on Monday. The SMMT will provide the final figures for the month at 0900 GMT. (Reporting by...
Barclays Private Bank makes senior appointments in Singapore – statement
Date: June 5, 2023
Barclays Private Bank makes senior appointments in Singapore – statement SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move to tap into the influx of wealth and growth of family offices in the city-state. The lender has appointed Tom Road as its...