By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 last month from 51.9 in April….
PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports. “At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it…
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter….
By Joanna Plucinska, Tim Hepher and Aditi Shah ISTANBUL (Reuters) – Airlines took aim at Europe over green fuel mandates and its failures to stem France’s air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. European regulators have introduced a new mandate demanding airlines use…
BRUSSELS (Reuters) – Reinforcements for NATO’s peacekeeping force have begun to arrive in Kosovo following last week’s unrest in the north of the country, the alliance said on Monday. Violence flared after Kosovo authorities installed ethnic Albanian mayors in offices in northern municipalities after being elected on a turnout of just 3.5% after Serbs who…
By Shreyashi Sanyal and Amruta Khandekar (Reuters) -European shares dipped on Monday as investors took profits after last week’s rebound, as news of weak U.S. business activity stirred up economic slowdown worries and eclipsed gains in telecom stocks. The pan-European STOXX 600 index ended 0.4% lower after a survey showed the U.S. services sector barely…
By John Revill ZURICH (Reuters) -UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year. The deal’s completion is subject to the registration statement, which covers shares to be delivered,…
By Sam Tobin and Michael Holden LONDON (Reuters) -Prince Harry is suing a British tabloid publisher to focus attention on alleged unlawful activities and not because of “some vendetta against the press”, his lawyer told London’s High Court on Monday. Harry, King Charles’ younger son, is one of more than 100 high-profile figures suing the…
MILAN (Reuters) -Ferrari has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on Monday. “I don’t think it makes sense for us to buy other supercar makers,” Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the Italian company. “Ferrari…
By Emma Farge GENEVA (Reuters) – The United States and several other countries have committed human rights violations against a Saudi man held in the Guantanamo prison and accused of organising the bombing of the USS Cole in the port of Aden in 2000, a U.N. report said. Abd al Rahim al Nashiri could face…
