United Airlines CEO says US in a ‘business recession’ but consumers ‘strong’
By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is…
Business
Global equity funds suffer seventh straight week of outflows
(Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on…
Hedge funds drop European stocks for US and Japan, analysts say
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and…
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…
Higher wage costs force UK services firms to push up prices: PMI
By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May…
Slump in global cashew demand pushes Ivory Coast industry to verge of collapse
By Ange Aboa KATIOLA, Ivory Coast (Reuters) – Drissa Dembele, a farmer and buyer of raw cashews, surveyed unshelled nuts…
OpenAI mulling Israel investment opportunities, Microsoft says
JERUSALEM (Reuters) – OpenAI is considering investment opportunities in Israel, Microsoft Israel R&D center quoted the company’s CEO, Sam Altman,…
Experts debate how much US Supreme Court ruling chills labor strikes
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court has delivered the latest in a series of rulings undercutting…
Tesla’s China-made EV sales rose 2.4% in May from April – CPCA
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in…
France rolls out the red carpet for EV battery factories
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment….