ECB nearing end of tightening cycle but final stretch remains, De Guindos says
MADRID (Reuters) -The European Central Bank (ECB) has gone through most of its monetary policy tightening to bring inflation back…
June 1, 2023
Some Amazon employees walk out in Seattle to protest climate, office policies
By Matt McKnight SEATTLE (Reuters) – Some Amazon.com Inc employees staged a walkout on Wednesday in protest of the e-commerce…
Global Factories Struggle For Momentum Amid Patchy Demand
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Sluggish global demand deepened the decline in manufacturing activity across Europe and…
Dr Martens tripped up by tough U.S. market
By Eva Mathews and Helen Reid (Reuters) -Dr Martens shares dropped more than 10% on Thursday after the British bootmaker…
South African factory activity contracts for 4th straight month – Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the fourth consecutive month in May, with a particularly steep decline…
Russian mercenary boss slams army ‘clowns’ as he marks birthday at training camp
MOSCOW (Reuters) – Russia’s most powerful mercenary, Yevgeny Prigozhin, said his Wagner group would fight on in Ukraine if his…
Oil Rises On U.S Debt Bill Progress And Potential Pause In Rate Hikes
By Alex Lawler LONDON (Reuters) -Oil prices rebounded on Thursday as a potential pause in U.S. interest rate hikes and…
Investment more than consumption leading India’s economic growth – economists
By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23…
Nvidia CEO feels safe relying on Taiwan for chips
By Ben Blanchard TAIPEI (Reuters) – Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI),…
Euro zone factory downturn deepens in May despite price cuts
LONDON (Reuters) – The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices…