By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep the Federal Reserve on an aggressive monetary policy path as it battles high inflation. Though a survey from the Institute for Supply Management on Wednesday showed its measure of services …
U.S. job openings stay high in May, keeping labor market tight Read More »
By Howard Schneider WASHINGTON (Reuters) – A deteriorating inflation situation and concern about lost faith in the Federal Reserve’s power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control, minutes of the June 14-15 policy …
Fed’s fear of entrenched high inflation fueled big rate hike, minutes show Read More »
WASHINGTON (Reuters) – Virgin Galactic inked an agreement with Boeing subsidiary Aurora Flight Sciences to build the company’s new twin-fuselage carrier plane that will ferry its next-generation spaceship toward space, the companies announced on Wednesday. Virgin Galactic, the space tourism firm founded by billionaire businessman Richard Branson, has been building a more durable, mass-producable successor …
Boeing’s Aurora to build Virgin Galactic spaceship carrier plane Read More »
By Toby Sterling and Jeffrey Dastin (Reuters) -Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com’s Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime …
Amazon makes Grubhub deal to give Prime members fee-free food Read More »
By Toby Sterling and Jeffrey Dastin (Reuters) -Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com’s Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime …
Amazon makes Grubhub deal to give Prime members fee-free food Read More »
LONDON (Reuters) – Britain is likely to see little or no economic growth in the next year or so as surging inflation erodes households’ spending power, Bank of England chief economist Huw Pill said on Wednesday. “We’re not expecting really to see any growth in the economy over the next year or so,” Pill said. …
BoE’s Pill sees little or no growth in coming year Read More »
ATHENS (Reuters) – Greek retail sales by volume rose 10% in April compared to the same month a year earlier after a 12.3% rise in March, statistics service ELSTAT said on Wednesday. Retail sales were led higher by apparel, footwear, furniture, home appliances, cosmetics and pharmaceuticals, the data showed. ************************************************************ KEY FIGURES APRIL MARCH FEB …
Greek April retail sales rise 10%, led by apparel Read More »
FRANKFURT (Reuters) – Frankfurt Airport, Germany’s busiest air transport hub, is unlikely to see relief for a crippling staff shortage in the coming months, its operator Fraport said. “The problem will not get smaller going forward, even though we are hiring. I say that very openly,” said Fraport Chief Executive Stefan Schulte told a media …
Frankfurt Airport operator says staff shortages may mean months of disruptions Read More »
(Reuters) – Britain’s antitrust watchdog said on Wednesday it has started an investigation into Amazon.com Inc on concerns the U.S tech giant’s practices affecting sellers on its UK marketplace may be anti-competitive and could result in a worse deal for customers. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Arun Koyyur)
PARIS (Reuters) – European spot power prices dropped on Wednesday as wind supply in Germany is expected to nearly double, offsetting lower solar production throughout the region and lower French nuclear. “There is low exposure to the gas price tomorrow as we only expect must-run gas capacity to run,” Refinitiv analysts said. German baseload power …
