Exclusive: Walmart’s Flipkart secures approval for direct lending in India
The Flipkart logo is seen in this illustration taken, February 11, 2025. REUTERS June 5 (Reuters) – Walmart’s (WMT.N), Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a spokesperson for the company confirmed after Reuters reported […]
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 […]
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 […]
Vanguard new ex-China ETF followed push from Missouri Republicans
The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. REUTERS (Reuters) – Investment manager Vanguard’s new exchange-traded fund targeting emerging markets outside of China appears to have followed a push from the Missouri State Treasurer’s office […]
Exclusive: Trump set to waive some legal requirements to boost critical minerals
U.S. President Donald Trump wears a ‘Make America Great Again’ (MAGA) hat as he attends the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. REUTERS (Reuters) – President Donald Trump is set to use emergency powers and slash legal requirements – including some congressional funding approvals – relating […]