Startup Gatik says it will put self-driving trucks on the road in Kansas
By Tina Bellon (Reuters) – Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.
Deutsche Bank links Henkel supply chain financing to ESG ratings
FRANKFURT (Reuters) – Deutsche Bank said on Thursday it had linked its supply chain financing for Henkel to environmental, social and governance (ESG) ratings of the German consumer goods groups suppliers in the first move of this kind in Europe.
Mercedes-Benz sets sunny scenario margin target of 14% by 2025
BERLIN (Reuters) – Mercedes-Benz raised its margin target in favourable circumstances to 14% by 2025 from a previous target of 10% or higher, the company said on Thursday, as it reorients its strategy towards higher-margin luxury vehicles.
As ECB pares back stimulus, investors alert for fragmentation risk
By Dhara Ranasinghe LONDON (Reuters) – As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back into corners of bond markets.
Kohls becomes latest retailer to warn of inflation eating into profits
(Reuters) – Kohl‘s Corp cut its full-year earnings forecast on Thursday, joining some of America’s biggest retailers in warning that a four-decades high inflation is starting to take a toll on profit margins and consumer spending power.
ECB to force UK-based investment banks to relocate staff, trading
FRANKFURT (Reuters) – Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity to the bloc, ECB supervisory chief Andrea Enria said on Thursday.
Europe will need Russias Nord Stream 2 gas pipeline some day, says Kremlin
(Reuters) – Russia has no hope of starting up its undersea gas pipeline Nord Stream 2 anytime soon, but is confident that Europe will need the pipeline some day, whatever it says now, the Kremlin said on Thursday.
Barr, Bidens pick for Fed regulation role, to be quizzed by Senate
By Pete Schroeder WASHINGTON (Reuters) – Michael Barr, the second person nominated by Democratic President Joe Biden to be the Federal Reserve‘s Wall Street cop, will appear before the Senate on Thursday to make the case for why he should take on the central bank’s sweeping
Futures signal more selling on Wall Street as growth fears mount
(Reuters) – U.S. stock index futures fell on Thursday, signaling more selling on Wall Street as investors kept a close eye on the impact of rising inflation on the U.S. economy and corporate earnings.
BlackRock, JPMorgan, others tell Texas they dont boycott energy companies
By Ross Kerber (Reuters) – BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.
Danish MPs block charging of ex-minister in state secrets case – justice minister
COPENHAGEN (Reuters) – Denmarks justice minister said on Thursday it would not be possible to charge a former defence minister with leaking state secrets after several political parties and independent lawmakers pledged to oppose lifting his parliamentary immunity.
EU sues five countries over failure to implement standards for audiovisual media
BRUSSELS (Reuters) – The European Commission on Thursday said it had referred Czech Republic, Ireland, Romania, Slovakia and Spain to the EU Court of Justice over their failure to implement the revised directive for audiovisual media services.
EU sues Malta over its legislation on annual circulation tax
AMSTERDAM (Reuters) – The European Commission said on Tuesday it will sue Malta over its legislation on annual circulation tax, specifically for taxing used cars purchased on the Maltese market less than used cars imported from other EU member states.
Going beyond its guidance on Russian gas payments is not ‘advisable,’ EU says
BRUSSELS (Reuters) – It is not “advisable” for companies to go beyond the European Commissions guidance on how to keep paying for Russian gas without breaching EU sanctions against Moscow for its invasion of Ukraine, a Commission spokesman said on Thursday.
Outgoing Socgen CEO warm to internal successor, union says
By Julien Ponthus LONDON (Reuters) – The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea.
Germanys 10-year yield drops below 1% as growth fears in focus
By Yoruk Bahceli (Reuters) – Germanys 10-year bond yield fell below the closely watched 1% level on Thursday as a slump in U.S. stocks a day earlier brought growth fears back into focus.
Unions representing miner Samarco employees present competing restructuring plan -source
SAO PAULO (Reuters) – Two unions representing employees of the miner Samarco Mineracao SA has filed a restructuring plan for the company, according to a source with knowledge of the matter.
Polands PGNiG seeks arbitration over Gazprom gas overpayments
WARSAW (Reuters) -Polish gas monopoly PGNiG issued a call for arbitration to Russian gas supplier Gazprom regarding interest on overpayments it made for natural gas between 2014 and 2020, the company said in a quarterly report on Thursday.
Italy freezes 146 million euro assets of Russian Sukhoi in JV with Leonardo
MILAN (Reuters) – Italy‘s police said they froze assets worth 146 million euros ($153 million) owned by Superjet International, a joint venture between Russia’s Sukhoi and Leonardo, as the country chases businesses hit by EU sanctions against Moscow.
Factbox-Leading candidates, policy promises in Canadas Ontario election
(Reuters) – Ontario, Canadas most populous province, will hold an election on June 2 with incumbent Progressive Conservative leader Doug Ford favored in the polls.