H&M upbeat on June after chilly weather hits quarterly sales
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) – H&M posted slightly weaker-than-expected fiscal second-quarter sales on Thursday, but prospects…
Economy
Fewer UK firms expect to raise prices in month ahead – ONS
LONDON (Reuters) – The smallest proportion of businesses since at least March last year expect to raise prices next month,…
J.P.Morgan cuts China’s full year growth forecast after poor May data
(Reuters) – J.P.Morgan trimmed China’s economic growth forecast for 2023 after the country’s May industrial output and retail sales growth…
Kremlin urges faster action to let foreign vessels use Northern Sea Route
MOSCOW (Reuters) – A Kremlin aide urged the Russian government on Thursday to adopt legislation allowing foreign flagged vessels to…
French power company Engie launches new electric car charger brand
PARIS (Reuters) – French power company Engie said on Thursday it is launching a new brand called Vianeo which will…
US plays down chance of breakthrough from Blinken China visit after tense call
By Humeyra Pamuk, David Brunnstrom and Simon Lewis WASHINGTON (Reuters) -The United States on Wednesday played down expectations of any…
Analysis-Spasms in UK mortgage market spell pain for homeowners, economy
By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by…
Santander appoints Castro e Almeida to drive growth in Europe
By Jesús Aguado MADRID (Reuters) -Santander said on Thursday it has appointed Pedro Castro e Almeida as regional head for…
China bookings to return to pre-pandemic level by early 2024 – Agoda
By Chayut Setboonsarng BANGKOK (Reuters) – Overseas travel bookings from mainland China are currently at just over half of pre-pandemic…
Siemens to spend $2.2 billion to ramp up global production
By John Revill and Fanny Potkin SINGAPORE/ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.2 billion) on a new global…