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Amazon.com says unfairly targeted by U.S. antitrust bill
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Nexi strikes $412 million buy of BPER’s retailer payment business
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FEATURE-Evicted villagers pay a high price for India’s hydropower push
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Better derivatives data needed after LME nickel halt, says EU watchdog
European shares slip as weak economic data heightens growth worries
Date: June 1, 2022
By Susan Mathew (Reuters) -European shares gave up early gains on Wednesday as weak German retail sales and slowing factory activity in the euro zone fanned worries about economic growth amid record high inflation. The pan-European STOXX 600 index was down 0.3%, after gaining as much as 0.4% in early trading. The benchmark shed 1.6%...
Climate damage case breaks ground with German judges’ visit to Peru glacier
Date: June 1, 2022
• Peruvian farmer is suing German energy giant over emissions • Lawsuit aims to hold company liable for climate change impacts • Court travels to examine evidence on glacial lake flood threat By Dan Collyns LAKE PALCACOCHA, Peru, May 31 (Thomson Reuters Foundation) – Lawyers working on a groundbreaking climate lawsuit said it had entered...
FEATURE-Africa’s mobile money taxes risk driving poor out of digital economy
Date: June 1, 2022
• Mobile money helps Africa’s poor access financial services • Continent accounts for 70% of transactions by value • Taxes seen pushing marginalised out of digital economy By Kent Mensah and Nita Bhalla ACCRA/NAIROBI, May 25 (Thomson Reuters Foundation) – Ghanaian grocery store owner Comfort Ankrah has had to rethink how she does business since...
FEATURE-South Africa flooding leaves survivors traumatised, homeless
Date: June 1, 2022
• Floods leave more than 6,000 people homeless • Many victims traumatised, unable to look for work • Counselling vital to recovery efforts, say experts By Kim Harrisberg DURBAN, May 19 (Thomson Reuters Foundation) – When Nozipho Sithole closes her eyes to sleep, she still hears the screams of her neighbour’s two young children as...
Sterling struggling for direction amid concerns about economy
Date: June 1, 2022
(Reuters) – Sterling was struggling for direction on Wednesday, with investors concerned about a deteriorating growth outlook but ruling out a further significant pound decline. With UK markets closed on Thursday and Friday, analysts expect reduced volatility ahead of the long weekend. British manufacturing activity expanded in May at the weakest rate since January 2021,...
Navigation firm TomTom to cut jobs as it automates mapmaking
Date: June 1, 2022
(Reuters) – TomTom will slash hundreds of jobs due to improvements it has made in automating its mapmaking activities, the Dutch digital navigation company said on Wednesday, adding that the cuts would amount to around a tenth of its global workforce. “Regrettably, this will have an intended impact on approximately 500 employees in our Maps...