Target Pride backlash exposes ‘rainbow capitalism’ problem, designer says
By Helen Reid LONDON (Reuters) – U.S. retailer Target’s decision to remove some LGBTQ-themed merchandise after customer backlash in its…
Business
French finance minister sticks to 1% growth outlook despite risks
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1%…
Forward guidance could become trap for central banks-economist
By Leika Kihara TOKYO (Reuters) – Central banks risk being late in arresting inflation if they rely too much on…
US House poised to vote on urgently needed debt ceiling suspension
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy…
Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
By Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a…
French inflation eases in May to 12-month low of 6.0%
PARIS (Reuters) – French inflation cooled more than expected in May to its lowest level in a year as energy…
China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145…
Italy’s race for savers’ cash could threaten bank profits
By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week,…
Fed’s Mester says no ‘compelling’ reason to pause rate hikes -FT
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest…
Marketmind: Back to data watching, with US debt bill on track
A look at the day ahead in European and global markets from Sonali Desai With the U.S. debt ceiling bill…