ECB policymakers line up behind rate hike plans
FRANKFURT (Reuters) -European Central Bank policymakers lined up behind plans to raise interest rates again next month, but views diverged…
Business
Japan increases support for domestic EV battery output
TOKYO (Reuters) -Japan raised support for the production of storage batteries to up to $2.2 billion, the government said, pledging…
Self-driving truck company Einride expands into Norway
By Johannes Birkebaek COPENHAGEN (Reuters) – Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by…
U.S. equity funds register biggest weekly inflow in 28 months
(Reuters) – U.S. equity funds saw their most substantial weekly net purchases since early 2021 during the seven days leading…
Bank of England set to raise rates to 4.75% as inflation slow to fall
By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by a quarter point…
US FDA extends review for GSK-owned Sierra’s blood cancer therapy
(Reuters) -GSK Plc said on Friday the U.S. Food and Drug Administration (FDA) has extended the review period by three…
Tesco says Britain’s food inflation has peaked
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to…
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data…
Tesla’s China expansion hits speed bump amid industry overcapacity
SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals…
Climate and Ukraine loom over supply-strained Paris Airshow
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – Global aerospace and defence companies will tout…