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BERLIN (Reuters) -Business activity in Germany, Europe’s largest economy, returned to growth in June, driven by a recovering manufacturing sector which saw its strongest increase in new orders in over three years, according to survey data released on Monday. The HCOB German flash composite PMI output index, compiled by S&P Global, rose to 50.4 in …

German business activity returns to growth in June, PMI shows Read More »

A look at the day ahead in European and global markets from Wayne Cole As if there wasn’t enough uncertainty in the world already, President Trump has to get the United States embroiled in another Middle East conflict. It’s not often a president announces an attack on another country via social media, or that the …

Morning Bid: Now the ball is in Iran’s court Read More »

(Reuters) -News Corp said it is extending the contract of Chief Executive Robert Thomson, which will see him continue as CEO through June 2030, the company said in a statement on Sunday. Thomson was appointed as CEO of News Corp, which owns the Wall Street Journal and book publisher HarperCollins, in 2013, and his contract …

News Corp to extend CEO’s contract through June 2030, company says Read More »

(Reuters) -Electric car maker Tesla started a trial of its long-awaited robotaxi service in Austin, Texas, on Sunday, the first step toward what could be a showdown with Alphabet’s Waymo, the only player currently offering fully autonomous paid rides in the United States. Tesla Chief Executive Elon Musk has started off with about 10 Model …

Factbox-How Tesla’s robotaxi efforts stack up against Waymo and Zoox Read More »

By Gergely Szakacs BUDAPEST (Reuters) -Hungarian Prime Minister Viktor Orban on Sunday urged the European Union to take a proposed ban on Russian energy off the agenda due to an expected rise in energy prices following the US bombing of Iran. The European Commission on Tuesday proposed a legally binding ban on EU imports of …

Hungary’s Orban urges EU to drop Russian energy ban amid US-Iran conflict Read More »

(Reuters) -Tesla has started testing robotaxis with passengers in Austin, Texas, CEO Elon Musk said on Sunday, with customers paying a flat fee of $4.20, as the electric vehicle maker looks to roll out the much-anticipated service and gain a foothold in the self-driving technology race. (Reporting by Reporting by Akash Sriram and Chandni Shah in …

Musk says robotaxi to launch in Austin, Texas on Sunday afternoon Read More »

MADRID (Reuters) -Spain agreed with the NATO military alliance to be excluded from spending 5% of its gross domestic product on defence, Prime Minister Pedro Sanchez said on Sunday. “A 5% spending would be disproportionate and unnecessary,” Sanchez said in an address on national television. “We fully respect the legitimate desire of other countries to …

Spain agrees with NATO to skip 5% defence spending target Read More »