Markets

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.

Since the U.S. government put Huawei Technologies Co Ltd on a trade blacklist, effectively banning American firms from doing business with it, China's leaders have spoken boldly about achieving self-sufficiency in the critical semiconductor business.

A flippant reference to pigs in an inflation analysis by UBS Group AG's global chief economist has caused a furore in China, with some in the financial community rejecting UBS's apology and calling for a boycott.

PARIS: China's plan to increase local production of baby formula products has not come as a surprise to global dairy maker Danone, which has plans to launch a new ultra-premium product in that market, said Danone's chief financial officer. According to a document jointly released earlier this ...

LUXEMBOURG: A senior adviser to the EU's top court said Thursday (Jun 13) it was his legal advice that products from Israeli-occupied territories must be clearly labelled as such to avoid misleading consumers. The European Court of Justice is not obliged to follow Advocate General Gerard Hogan's ...

Franco-Italian turboprop maker ATR is tackling a slump in deliveries resulting from a combination of industrial delays, unsold aircraft and pilot shortages, industry sources said.

WikiLeaks' founder Julian Assange is due before a London court on Friday, facing the next stage of a U.S. attempt to try him on spying charges after Britain's interior minister said he had validated the American extradition request.

RIO DE JANEIRO: Brazil's Petrobras found suspicious activity in its oil trading business: and failed to stop it: six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters. A 2012 internal probe...

SYDNEY: Australia approved the construction of a controversial coal mine near the Great Barrier Reef on Thursday (Jun 13), paving the way for a dramatic increase in coal exports. Drawing a line under a decade of rancorous debate, Queensland's government said it had approved a groundwater ...

Chinese "Gen Z" shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant demand for high-end goods in the world's second-biggest economy, consultancy Bain said on Thursday.