WASHINGTON (Reuters) – The NATO summit in Washington showcased a series of significant deals for top U.S. defense companies and others, including RTX, Lockheed Martin, Boeing, Norway’s Kon[...]
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July 11, 2024
Boeing nearing deal to sell 777X jets to Korean Air, sources say
(Reuters) -Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July’s Farnborough Airshow,[...]
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Global EV sales up 13% in June, down 7% in Europe, Rho Motion says
By Alessandro Parodi (Reuters) – Global sales of fully electric and plug-in hybrid vehicles rose by 13% in June versus the same month in 2023 driven by growth in China, while they dropped in Eur[...]
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US lawmakers raise worries about China in Microsoft deal with Emirati AI firm
By Alexandra Alper and Christopher Bing WASHINGTON (Reuters) -Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft’s $1.5 billion investment in UAE-bas[...]
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China plenum to deliver policy agenda hindered by conflicting goals
By Kevin Yao BEIJING (Reuters) -China’s leaders will seek to inject confidence in the economy at a highly anticipated meeting next week, but conflicting goals, such as boosting growth while cutt[...]
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Estee Lauder’s longtime CFO Travis to depart next year
(Reuters) -Estee Lauder said on Thursday that Tracey Travis would be stepping down and retiring from her 12-year role as the MAC lipstick maker’s finance chief, effective June 30, 2025. The comp[...]
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Nasdaq ends sharply lower as investors rotate out of Big Tech
By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors rotated into smaller companies after softer-th[...]
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Dollar General to pay $12 million penalty, improve safety in US settlement
By Kanishka Singh WASHINGTON (Reuters) -Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers a[...]
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Morning bid: Yen rallies: CPI short squeeze or intervention?
(Reuters) – A look at the day ahead in Asian markets. Did they or didn’t they? The yen surged across the board on Thursday in what may have been a perfectly timed round of Japanese interve[...]
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