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LONDON (Reuters) – Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in July from June’s 52.1, just …

Euro zone factory activity contracted in July as recession fears grow Read More »

BERLIN (Reuters) – Germany’s manufacturing sector contracted in July for the first time in over two years, hurt by a deepening slump in new orders that darkens the outlook for Europe’s largest economy, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s …

German manufacturing sector contracts as new orders slump – PMI Read More »

BERLIN (Reuters) – Lufthansa said on Monday it was striving to solve a pay dispute with pilots in ongoing negotiations, after the union representing them threatened strike action. Pilots at the German flagship carrier voted on Sunday by a margin of 97.6% in favour of industrial action, although the VC union has said this does …

Lufthansa says negotiations ongoing after pilots threaten strike Read More »

By Peter Hobson LONDON (Reuters) – Some investors want Russian gold off their books but it’s not that easy to remove. A de facto ban on Russian bullion minted after Moscow’s invasion of Ukraine — instigated by the London market in early March — does not apply to hundreds of tonnes of gold that has …

Gold investors face bind over bars from tarnished Russia Read More »

By David Shepardson WASHINGTON (Reuters) -A union representing nearly 2,500 employees at three Boeing Co defense locations in the St. Louis area said on Saturday they will vote on the company’s revised contract offer, canceling a strike that was set to start Monday. The International Association of Machinists and Aerospace Workers (IAM) said an overnight …

Canceling planned strike, Boeing workers to vote on revised contract offer Read More »

MEXICO CITY (Reuters) – Mexico’s manufacturing sector declined in July, with demand for the country’s goods hit by inflation after a long pandemic-driven downturn, a survey showed on Friday, despite hopes for a recovery. The seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) fell to 48.5 in July from 52.2 in June. Aside …

Mexican manufacturing tumbles as price hikes bite Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work …

U.S. approves Boeing inspection, rework plan to resume 787 deliveries Read More »

By Katie Paul and Paresh Dave (Reuters) – Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world’s biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during COVID-19 lockdowns would be sustained. Zuckerberg, responding to an employee question at a company-wide meeting …

Meta’s Mark Zuckerberg: Company’s pandemic-era forecast was too rosy Read More »

By Mike Spector and Dietrich Knauth (Reuters) -The parent of far-right conspiracy website InfoWars filed for U.S. bankruptcy protection on Friday as the company and its founder Alex Jones face up to $150 million in damages in a trial over longstanding falsehoods he perpetuated about the Sandy Hook elementary school massacre. The bankruptcy filing by …

Conspiracy website InfoWars parent files for bankruptcy Read More »