Shein hit with complaint from EU consumer group over ‘dark patterns’
Shein logo and the company’s web shop are seen in this illustration taken, May 16, 2024. REUTERS LONDON, June 5 (Reuters) – Pan-European consumers organisation BEUC filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of “dark patterns”, tactics designed to make people buy more on its […]
Procter & Gamble to cut 7,000 jobs over two years
The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS June 5 (Reuters) – Procter & Gamble (PG.N), said on Thursday it would cut 7,000 jobs, or about 15% of its non-manufacturing roles, globally over the next […]
Asian shares creep higher, dollar languishes before ECB
A woman walks past a stock quotation board at a brokerage in Tokyo, Japan, April 7, 2025. REUTERS TOKYO, June 5 (Reuters) – Shares in Asia crept higher and the U.S. dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous […]
Suzuki Motor halted Swift production due to China’s rare earth curbs, sources say
Suzuki Swift is seen during the media day of the 41st Bangkok International Motor Show in Bangkok, Thailand July 14, 2020. REUTERS TOKYO, June 5 (Reuters) – Suzuki Motor (7269.T), had suspended production of its Swift car due to China’s rare earth restrictions, two sources familiar with the matter said, becoming the first Japanese automaker to […]
Iran’s Khamenei dismisses US nuclear proposal, vows to keep enriching uranium
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader/WANA (West Asia News Agency)/Handout via REUTERS DUBAI, June 4 (Reuters) – Iran’s Supreme Leader Ayatollah Ali Khamenei said on Wednesday that abandoning uranium enrichment was “100%” against the country’s interests, rejecting a central […]
Some European auto supplier plants shut down after China’s rare earth curbs, association says
A labourer works at a site of a rare earth metals mine at Nancheng county, Jiangxi province March 14, 2012. REUTERS BERLIN, June 4 (Reuters) – Several European auto supplier plants and production lines have been shut down due to a shortage of rare earths caused by China imposing restrictions on exports, Europe’s auto supplier […]
Hyundai exits India’s Ola Electric, Kia cuts stake in $80 million share sale
The Ola company logo is seen on one of its electric scooters, ahead of the company’s IPO launch in Mumbai, India, July 29, 2024. REUTERS June 4 (Reuters) – Hyundai Motor (005380.KS), sold its entire stake in Ola Electric (OLAE.NS), while rival South Korean carmaker Kia (000270.KS), trimmed its holding, in a combined share sale worth 6.89 billion rupees […]
Brookfield Asset Management plans $10 bln data centre for AI in Sweden
sage reading “AI artificial intelligence,” a keyboard and robot hands are seen in this illustration created on January 27, 2025. REUTERS STOCKHOLM, June 4 (Reuters) – Brookfield Asset Management (BAM.TO), (BAM) plans to invest up to 95 billion Swedish crowns ($9.91 billion) to build a data centre for artificial intelligence in Sweden, the Canadian company said […]
Remy Cointreau scraps 2030 goals amid tariffs, slow US
[1/2] A bottle of Cointreau, the orange-flavoured triple sec liqueur, is displayed at the Carre Cointreau at the Cointreau distillery in Saint-Barthelemy-d’Anjou, near Angers, France, February 8, 2019. REUTERS/Stephane Mahe/File Photo Purchase Licensing Rights [2/2] The logo of Remy Cointreau SA is pictured at the Cointreau distillery in Saint-Barthelemy-d’Anjou near Angers, France, February 8, 2019. REUTERS/Stephane Mahe/ File Photo Purchase […]
Oil slips on rising OPEC+ output, despite Canadian supply concerns
OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS June 4 (Reuters) – Oil prices slipped in Asian trade on Wednesday, weighed down by concerns of increasing OPEC+ output and tariff tension that threatens the global economic outlook, though worries about Canadian supply provided a floor. Brent crude futures dipped 17 cents, or […]