By Doyinsola Oladipo NEW YORK (Reuters) -Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. U.S.[...]
Read more
Europe
Dollar edges up against yen as investors wait on inflation data, Fed
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while[...]
Read more
Oil prices rise as Saudi output cuts outweigh weak demand signals
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed about 1% on Wednesday as Saudi Arabia’s plans for deep output cuts more than offset demand woes stemming from rising U.S. fuel stocks a[...]
Read more
European stocks close lower, Inditex shines on strong earnings
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by healthcare stocks and concerns about the outlook for interest rates in the euro zone, although a stron[...]
Read more
Man Group CEO says central banks have made little difference to inflation
By Nell Mackenzie and Chiara Elisei LONDON (Reuters) – Hedge fund Man Group Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist,[...]
Read more
Airlines call for emissions help in long-haul to net-zero
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Global airlines called on Tuesday for broad co-operation to reach “very tough” emission targets and pledged to rel[...]
Read more
Arrival to convert Antara’s $20 million loan into equity (June 6)
(This June 6 story has been corrected to say Arrival reduced its headcount by 50% in the first quarter, in paragraph 4) (Reuters) – Arrival said on Tuesday it will convert shareholder hedge fund[...]
Read more
Volvo Cars launches EX30 electric SUV with focus on affordability
MILAN (Reuters) -Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to m[...]
Read more
Zara-owner Inditex enjoys strong start to summer
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Wednesday sales of its spring-summer collection gathered pace to jump 16% in May, as the retailer mitigates higher wag[...]
Read more