Global factories struggle for momentum amid patchy demand
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) – Sluggish global demand deepened the decline in manufacturing activity…
Business
Macy’s forecasts dour 2023, blames higher promotions to counter slow demand
By Ananya Mariam Rajesh (Reuters) -Macy’s Inc on Thursday cut annual sales and profit forecasts, blaming an inflation-induced slowdown in…
Vanguard fined for providing misleading account statements to its customers
By Jaiveer Shekhawat (Reuters) -Vanguard Group, the world’s largest issuer of mutual funds, was fined and censured by the Financial…
Gap settles Patagonia trademark lawsuit over ‘iconic’ pocket design
By Andrew Goudsward (Reuters) – Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying…
US weekly jobless claims rise slightly; labor market defies recession fears
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased modestly last week…
Macron struggles to kick France’s spending habit
By Leigh Thomas PARIS (Reuters) – President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to…
Will OPEC+ announce more output cuts? Analysts have their say
(Reuters) – The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4…
Dollar General prunes annual outlook as shoppers curb spending; shares slide
By Savyata Mishra (Reuters) -Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans,…
Canadian pension fund CDPQ puts brakes on China investment – FT
(Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China…
SpaceX’s Starlink wins Pentagon contract for satellite services to Ukraine
By Mike Stone and Joey Roulette WASHINGTON (Reuters) – SpaceX’s Starlink, the satellite communications service started by billionaire Elon Musk,…