Dollar higher after Powell says Fed inflation fight ‘has a long way to go’
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French send deep diving robot to help Titanic sub search
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Technology
Factbox-Aviation emissions targets in focus at Paris Airshow
By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air tra..
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UK manufacturers see lowest inflation since Feb 2021 – CBI
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German recession will be sharper than expected: Ifo
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UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh
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UK’s Halfords expects pricing efforts to drive profits
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European car sales rise in May – ACEA
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Factbox – Graphite producers doing deals with automakers and battery groups
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Wealth Creation
Mastercard launches global plan to recycle credit cards
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Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources
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Wealth Creation
UK fines WH Smith, M&S and others for not paying minimum wage
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Italy’s Brembo to move to Amsterdam to increase M&A options
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Nasdaq to transfer European power business to EEX bourse
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News
Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT
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Factbox-Hyundai’s plans for EVs, restructuring in China
Hyundai said it would close another plant in China this year. It did not specify which plant. Hyundai said it would look to sell two ..
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MTU and Safran to create JV on military helicopter developments
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Britain backs greener air travel with $280 million funding package
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Singapore tops list of costliest cities for goods, services aimed at the wealthy
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Lanxess slashes profit outlook as demand recovery lags
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Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT
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Japan’s Suzuki to make ‘flying cars’ with SkyDrive
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‘Great Resignation’ continues as quarter of workers look to change jobs – PwC
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EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body
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UBS faces big penalty over Credit Suisse’s Archegos failings -FT
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Bank of England launches first sector-wide liquidity ‘stress test’
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Wealth management – key trends for 2023
Capital markets are currently highly volatile as the global economy faces an imminent recession. Inflationary pressure, a high-inter..
Finance
Royal Mail’s largest union to resume vote on deal with postal company on June 22
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Stocks rally stalls, eyes Powell testimony for rate clues
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Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister
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AstraZeneca planning China business spin off -FT
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ECB risks losing sight of ‘greedflation’ with laser-focus on wages
The ECB assumed in its forecasts that corporate profits will stop contributing to inflation next year, meaning companies will start a..
Wealth Creation
Oil slides more than $1 on China growth uncertainties
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Headlines
Dollar drifts as traders weigh rate path; yen fragile
As widely expected, the BOJ on Friday maintained its -0.1% short-term rate target and a 0% cap on the 10-year bond yield set under it..
Wealth Creation
JLR taps Everstream Analytics’ AI to dodge supply chain problems
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British supermarket Morrisons cuts prices of nearly 50 products
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France’s Macron vows to boost sustainable aviation fuel production
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