By Yoruk Bahceli (Reuters) – Euro zone interest rates rising to at least 0% by September seems like a done deal as inflation soars, but how high rates should go thereafter is dividing policymakers and economists in a bloc of 19 vastly different economies. The European Central Bank meets on Thursday and is expected to…
By Daniel Wiessner (Reuters) -Tesla Inc cannot pause a California civil rights agency’s lawsuit alleging widespread race discrimination at an assembly plant while the electric carmaker separately challenges the agency’s ability to sue employers, a judge ruled on Wednesday. California Superior Court Judge Evelio Grillo in Oakland said during a hearing that Tesla could pursue…
(Reuters) – Tesla Inc cannot pause a California civil rights agency’s lawsuit alleging widespread race discrimination at an assembly plant as it separately challenges the agency’s ability to sue employers, a judge ruled on Wednesday. California Superior Court Judge Evilio Grillo in Oakland said during a hearing that Tesla could pursue its claims the state…
MADRID (Reuters) – Ryanair has halted talks with two Spanish unions over a salary hike, the unions said, amid threats the low-cost airline’s cabin crew could go on strike in several European countries during the summer season. Europe’s biggest budget airline walked away from the talks on Tuesday arguing the strike threat by European unions…
By Sheila Dang and Greg Roumeliotis (Reuters) -Twitter Inc plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk, as it continues to work “constructively” to complete the deal with the world’s richest person, the social media company’s top executives told employees on Wednesday. Musk’s lawyers warned Twitter…
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped about 3% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China’s oil demand will increase and on growing supply concerns in several countries. Brent futures rose $3.59, or 3.0%, to $124.16 a barrel by…
By Ron Bousso, Sabrina Valle and Marwa Rashad HOUSTON (Reuters) – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp, TotalEnergies…
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton on Wednesday told Hungary to suspend discriminatory fuel pricing against vehicles with foreign licence plates or risk being taken to court, according to a European Commission letter seen by Reuters. The move marks yet another area of discord between the European Commission and…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. wholesale inventories increased slightly more than initially thought in April, suggesting that inventory investment could provide a lift to economic growth this quarter. The rise in stocks reported by the Commerce Department on Wednesday, however, came as sales growth moderated. Inventories are being closely watched amid rising fears of…
By Yoruk Bahceli (Reuters) -Money markets ramped up their bets on European Central Bank (ECB) interest rate rises on Wednesday to price in more than 75 basis points (bps) of hikes by September. With the bank largely expected to start rises in July and move in 25-bp increments, the pricing implies traders now expect its…
