BRUSSELS (Reuters) – The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on the month, official data showed on Wednesday. The European Union’s statistics office Eurostat said the 19 countries sharing the euro recorded a trade…
(Reuters) – British retailer WH Smith said on Wednesday its revenue in the third quarter beat pre-pandemic levels for the first time as more people travel to work and tourists return. The company, which has stores in travel hubs and sells everything from books and sandwiches to Bluetooth headphones, expects its full-year performance to reach…
By Foo Yun Chee LUXEMBOURG (Reuters) – U.S. chipmaker Qualcomm on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp. The European Commission in its 2018 decision said the anti-competitive…
By Philip Blenkinsop and Emma Farge GENEVA (Reuters) – World Trade Organization members entered a tense final day of negotiations on Wednesday, with no certainty they would find consensus on any change to global trade rules and India adamant it would not yield on food, fisheries and vaccines. During its June 12-15 ministerial conference, its…
By Tom Wilson LONDON (Reuters) – Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up. The world’s largest cryptocurrency fell as much as 6.3% to $20,715.69, its lowest since December 2020. Bitcoin has lost around 28%…
By Shadia Nasralla and Ahmad Ghaddar LONDON (Reuters) – Drivers around the world are tolerating record-high prices for road fuels, as mobility wins out for now over other spending in squeezed household budgets, data showed. The high prices have not yet breached the pain threshold for drivers in major demand centres. But that might change…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
STOCKHOLM (Reuters) -Sweden’s H&M, the world’s second-biggest fashion retailer, reported on Wednesday an increase in March through May sales that was bigger than expected. Net sales were up 17% year-on-year, or 12% measured in local currencies, at 54.5 billion Swedish crowns ($5.37 billion), it said in a statement. Analysts polled by Refinitiv had on average…
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the truckers’…
By Lewis Krauskopf NEW YORK (Reuters) – Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging inflation and an aggressive Federal Reserve continue to pressure asset prices. The market’s losses have been steep. The 21.3% year-to-date decline in…
