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By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japan’s economy expanded by a much faster-than-expected annualised 3.1% in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate hike. The Bank of Japan had forecast that …

Japan’s economy rebounds strongly on consumption boost, backs case for more rate hikes Read More »

By Joe Cash and Kevin Yao BEIJING (Reuters) -China’s factory output slowed for a third straight month in July, showing the recovery in the world’s second-largest economy was losing steam, although the battered consumer sector perked up slightly as stimulus targeting households took effect. A mixed batch of data on Thursday pointed to a patchy …

China’s factory output disappoints, dashing speedy recovery hopes Read More »

JERUSALEM (Reuters) – El Al Israel Airlines said on Thursday it had signed a deal with Boeing for the purchase of up to 31 737 MAX aircraft worth as much as $2.5 billion. El Al, Israel’s flag carrier with an all-Boeing fleet, said the agreement includes the purchase of 20 737 MAX airliners for $1.5 …

Israel’s El Al signs Boeing 737 MAX deal worth up to $2.5 billion Read More »

CHICAGO (Reuters) – Flight attendants at Alaska Airlines have rejected a three-year tentative labor agreement, their union said on Wednesday. The Association of Flight Attendants-CWA, which represents flight attendants at the Seattle-based carrier, said it will survey its members to determine key issues and return to the table to address them. The tentative deal offered …

Alaska Air flight attendants reject tentative contract deal Read More »

By Mike Scarcella (Reuters) – A U.S. judge on Wednesday said he was planning to issue an order forcing Alphabet’s Google to give Android users more ways to download apps, but would not micromanage the tech giant’s business, following a jury verdict last year for “Fortnite” maker Epic Games. U.S. District Judge James Donato in …

US judge says ‘monopolist’ Google can’t avoid app store reforms Read More »

By Jody Godoy (Reuters) – The U.S. Federal Trade Commission on Wednesday finalized a ban on companies knowingly buying or selling fake online reviews, giving the agency the power to levy fines against the shadowy practice. The ban covers trafficking in fake reviews, whether by non-existent customers, company insiders or artificial intelligence. It also prohibits …

US FTC finalizes ban on companies buying and selling fake online reviews Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor William Ackman built new stakes in sportswear company Nike and investment management company Brookfield, during the second quarter, according to a regulatory filing made on Wednesday. The filing shows that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike and 6.8 million …

Ackman’s Pershing Square made new investments in Nike, Brookfield-filing Read More »

By David French (Reuters) – The S&P 500 ended higher on Wednesday, stretching its winning streak to five sessions, as the latest inflation data reassured investors betting the Federal Reserve would start cutting U.S. interest rates next month. The Nasdaq Composite also posted its fifth straight daily gain, although it barely scraped into positive territory …

S&P 500 ends up, win streak at 5; Nasdaq ekes out gain even as Alphabet weighs Read More »