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BERLIN (Reuters) -Sentiment in the German automotive industry deteriorated further in May, the Ifo institute said on Tuesday, reporting a fall in its business climate index for the sector to -31.8 points from -30.7 in April. “The confusion surrounding the U.S. tariffs is causing problems for the automotive industry in Germany,” said Ifo sector specialist …

Mood darkens further in German auto sector under strain of tariffs Read More »

By Robert Harvey, Shariq Khan and Nicole Jao LONDON (Reuters) -Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand. The strength in fuel markets …

Analysis-Global oil refiners see short-term boost from higher margins Read More »

NEW DELHI (Reuters) -Airbus delivered around 51 airplanes in May, industry sources said, down 4% from the same month last year. The tally brings deliveries so far this year to around 243 aircraft, down 5% from the first five months of 2024. Airbus declined comment ahead of a monthly performance bulletin on June 5. The …

Airbus deliveries fell 4% in May, sources say Read More »

A look at the day ahead in European and global markets from Rae Wee The highlight for the European day on Tuesday will be flash euro zone inflation figures for May, which come ahead of an expected rate cut from the European Central Bank (ECB) later in the week. Expectations are for consumer prices to …

Morning Bid: Inflation to set the tone for ECB Read More »

(Reuters) -Paramount Global nominated three new directors on Monday, seeking to boost its board strength to seven as it awaits regulatory approval for its $8.4 billion merger with Skydance Media. Paramount nominated Mary Boies, counsel to Boies Schiller Flexner LLP, Charles Ryan, co-founder and general partner of Almaz Capital, and Roanne Sragow Licht, former justice …

Paramount Global nominates three board directors as Skydance merger awaits approval Read More »

(Reuters) -Uber Technologies said on Monday the head of its delivery business, Pierre-Dimitri Gore-Coty, is leaving the company after nearly 13 years. As senior vice president of Uber’s delivery unit, Gore-Coty oversaw the company’s Uber Eats business as well as grocery and other on-demand delivery offerings, and is credited with steering the division through the …

Uber delivery business head departs; insider Macdonald appointed COO Read More »