UK retail sales fall in May after April rise, outlook less gloomy: CBI
LONDON (Reuters) – British retail sales declined this month after a modest rise in April but stores expect sales volumes…
Business
Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries
MILAN (Reuters) – Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight…
Switzerland speeds up work on liquidity backstop after Credit Suisse crash
BERN (Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit…
Air taxi makers urge investors to stay onboard ahead of commercial lift-off
By Joanna Plucinska GENEVA (Reuters) – A drop in tech stock valuations, economic pressures, and a risk-averse investment environment in…
Marketmind: AAA fears vie with AI frenzy
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year’s dominant themes…
CIBC posts lower second-quarter profit on loan loss provisions
(Reuters) -CIBC reported a decline in second-quarter profit on Thursday, as the Canadian lender set aside higher provisions to prepare…
Central Europe firms stake positions in Ukraine reconstruction race
By Michael Kahn, Robert Muller and Anna Koper PRAGUE/WARSAW (Reuters) – Central European companies are scouting out locations, signing contracts…
Exclusive-Icahn poised to win at least one seat on Illumina’s board -sources
By Svea Herbst-Bayliss and Greg Roumeliotis NEW YORK (Reuters) -Activist investor Carl Icahn is set to win enough Illumina Inc…
Chevron launches sale of Congo oil assets – sources
By Ron Bousso and Sabrina Valle LONDON (Reuters) – Chevron has launched a sale process for its oil and gas…
The end of King Dollar? The forces at play in de-dollarisation
By Naomi Rovnick and Libby George LONDON (Reuters) – Rivalry with China, fallout from Russia’s war in Ukraine and wrangling…