By Siddharth Cavale NEW YORK (Reuters) – Walmart will relaunch a private-label brand targeted at Gen Z customers, it announced on Thursday, to take on rivals and cross-sell products to customers[...]
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June 13, 2024
US weekly jobless claims at 10-month high as labor market eases; inflation cooling
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing moment[...]
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Analysis-Bound by rules and economics, EU trails U.S. on China tariffs
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union’s plan to hike tariffs on Chinese electric vehicles (EVs) reflects a firming of its stance towards Beijing, but falls short of[...]
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European auto stocks fall on uncertainty over China’s tariff response
By Danilo Masoni MILAN (Reuters) -Shares of some of Europe’s biggest carmakers fell further on Thursday on uncertainty over how China might respond to the EU’s new tariffs on imported Chin[...]
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European Union bonds take a hit after MSCI index exclusion
(Corrects paragraph 2 to say that EU officials see index inclusion generally as a key step, not just MSCI) By Yoruk Bahceli (Reuters) -The European Union’s borrowing costs rose on Thursday as in[...]
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Edmond de Rothschild to open Saudi office and launch debt platform
DUBAI (Reuters) – Edmond de Rothschild Group, a specialist in asset management and private banking, is set to open an office in Saudi Arabia this year and launch a platform to provide debt finan[...]
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Waymo recalls 672 self-driving vehicles after Arizona collision
By David Shepardson WASHINGTON (Reuters) -Alphabet’s Waymo said Thursday it would recall 672 of its self-driving vehicles after one of its driverless vehicles struck a wooden utility pole in Pho[...]
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China’s Chery Auto: EU factory will help mitigate EV tariffs
LONDON (Reuters) -Chery Auto, China’s largest automaker by export volume, expects its planned production in Europe to help offset the impact of European Union tariffs on imports of China-made el[...]
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Largest US oil trade group sues to block Biden’s EV push
By Jarrett Renshaw (Reuters) – The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, filed a federal lawsuit on Thursday seeking to block the Biden administration[...]
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