H&M leads Europe’s STOXX 600 higher, rate hike jitters weigh
By Amruta Khandekar, Matteo Allievi, Bansari Mayur Kamdar (Reuters) -European shares edged higher on Thursday with Swedish retailer H&M rallying…
Business
Stellantis puts Michigan plants in ‘critical status’ ahead of union talks
By Bianca Flowers (Reuters) – Carmaker Stellantis will require union employees to work mandatory overtime at its Warren Truck assembly…
Audi names Volkswagen strategy chief Doellner as new CEO
FRANKFURT (Reuters) -Volkswagen’s Audi named the German group’s strategy chief as its new CEO on Thursday, as the luxury carmaker…
H&M shares jump 17% as summer collection boosts profit
By Marie Mannes STOCKHOLM (Reuters) -Fashion retailer H&M’s shares jumped more than 17% on Thursday after its second-quarter profit beat…
White House’s Brainard sees ‘every reason’ to believe inflation going down
WASHINGTON (Reuters) – U.S. President Joe Biden’s chief economic adviser on Thursday expressed confidence that inflation would continue to improve…
Recession bets rise in Canada as sticky inflation points to higher rates
By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada’s move to come off the sidelines after…
Canopy Growth closes sale of California facility amid liquidity worries
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as…
Snapchat+ hits 4 million paid subscribers
(Reuters) – Social media company Snap Inc said on Thursday its subscription service, Snapchat+, hit 4 million members since its…
Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing
By Foo Yun Chee BRUSSELS (Reuters) -Apple will on Friday seek to fend off a revised EU antitrust charge and…
Microsoft’s appeal of UK Activision veto to go ahead as planned
LONDON (Reuters) – Microsoft’s appeal against Britain’s veto of its $69 billion deal to buy Activision Blizzard will go ahead…