Stocks spooked, bonds rally on downbeat Fed
World shares took their biggest tumble in five weeks on Thursday as a sobering economic outlook from the U.S. Federal Reserve challenged market expectations, while bonds rallied on bets yet more stimulus would be needed to ensure recovery.
Unilever’s UK move is vote of confidence: British minister
Unilever’s decision to base the company solely in Britain and not in the Netherlands represented a vote of confidence in the country, said British business minister Alok Sharma.
China, U.S. should resume timely communication on trade: China adviser
China and the United States should resume timely communication on trade and other issues, an adviser to the Chinese cabinet said on Thursday, stressing that the world’s two biggest economies are too intertwined to be decoupled.
Dutch government regrets Unilever’s British HQ decision
The Dutch government on Thursday said it regretted Unilever’s choice to base the company solely in Britain and not in the Netherlands.
How Uber hailed a deal with Grubhub only to let it slip
Uber Technologies Inc CEO Dara Khosrowshahi has spent much of his career deftly negotiating acquisitions. Yet his $6.5 billion all-stock bid for Grubhub Inc ended with the food delivery company being acquired by European rival Just Eat Takeway.com NV.
Nokia names new finance chief in management revamp
Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.
U.S. EPA orders Amazon, eBay to stop selling unsafe COVID-19 products: Bloomberg
E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including products falsely marketed as killing COVID-19, on their platforms, Bloomberg…
China auto sales up for second straight month after almost two-year slump
China’s auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world’s biggest vehicle market recovers from lows hit during coronavirus lockdowns.
Tesla wins China approval to build Model 3 vehicles with LFP batteries: ministry
Tesla Inc has received government approval to build Model 3 vehicles in China equipped with lithium iron phosphate (LFP) batteries, a document on Ministry of Industry and Information Technology website showed.
Just Eat Takeaway dip again after $7.3 billion U.S. Grubhub buy
European food-ordering firm Just Eat Takeaway.com NV’s proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
