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Closely watched US jobs report likely to show hiring slowed in June

The steady slowdown in U.S. hiring likely continued in June as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown weighed on the American job market. When the Labor Department on Thursday releases job numbers for last month, they’re expected to show that ...
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Chip design software firms rise as US lifts curbs on China exports

(Reuters) -Shares of Synopsys and Cadence Design Systems surged in premarket trade on Thursday after the United States lifted export restrictions on chip design software to China, signaling a thaw in trade tensions between the world’s top two economies. The two companies, along with Germany’s ...
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Nippon Steel to raise $5.6 billion in subordinated loans to fund U.S. Steel deal

By Yuka Obayashi TOKYO (Reuters) -Japan’s Nippon Steel said on Wednesday it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans. Japan’s biggest steelmaker will use a 500 ...
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Explainer-Will the EU delay enforcing its AI Act?

By Supantha Mukherjee STOCKHOLM (Reuters) -With less than a month to go before parts of the European Union’s AI Act come into force, companies are calling for a pause in the provisions and getting support from some politicians. Groups representing big U.S. tech companies such ...
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Indonesia to sign $34 billion pact with U.S. partners ahead of tariff negotiation deadline, minister says

JAKARTA (Reuters) -Indonesia will sign a pact worth $34 billion with business partners next week to boost purchases from the United States, as part of efforts to strike a trade deal with Washington ahead of the July 9 deadline, Indonesia’s chief economic minister said ...
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Euro zone services sector returned to modest growth in June, PMI shows

LONDON (Reuters) -Growth in the euro zone’s dominant services industry resumed in June after a brief contraction in May, though the pace remained marginal as demand remained weak despite improving business confidence, a survey showed on Thursday. The HCOB Eurozone Services Purchasing Managers’ Index (PMI), ...
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Japan firms log biggest pay hikes in 34 years, union tally shows

By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japanese companies agreed to raise wages by 5.25% this year, marking the biggest pay hike in 34 years, the country’s largest labour union group Rengo said on Thursday, as inflation and labour shortages raise pressure for continued ...
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EV maker Polestar to produce new model in Europe

STOCKHOLM (Reuters) -Sweden-based electric vehicle maker Polestar said on Thursday its upcoming SUV model Polestar 7 will be manufactured at Volvo Cars’ under-construction factory in Slovakia, making it its first car to be made in Europe. Polestar said in a statement the two companies, ...
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U.S. House Republicans advance Trump tax-cut bill opening way for debate

WASHINGTON (Reuters) -The Republican-controlled U.S. House of Representatives on Thursday advanced President Donald Trump’s sweeping tax-cut and spending bill, a procedural step setting the stage for possible passage of the legislation in a vote expected later in the day. The House voted 219-213 to move ...
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US court officer recommends Dalinar’s $7.38 billion bid for Citgo parent

(Reuters) -A U.S. court officer overseeing the auction for PDV Holdings, the parent of Venezuela-owned U.S. refiner Citgo Petroleum, has recommended a $7.38 billion bid from Gold Reserve subsidiary Dalinar Energy, according to a court filing and a company statement. A group led by commodities ...
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AirAsia in talks to convert some Airbus orders into long-range jet orders, sources say

PARIS/SEOUL (Reuters) -Budget airline AirAsia is in negotiations with Airbus to convert some existing narrow-body plane orders to the long-range A321XLR model as it sets a path out of restructuring, two industry sources said on Thursday. Tony Fernandes, CEO of AirAsia owner Capital A Group, ...
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AirAsia is in talks to convert some existing Airbus orders into long-range jet orders, sources say

(Reuters) -AirAsia is in negotiations with Airbus to convert some existing narrow-body plane orders to the long-range A321XLR model as it sets a path out of restructuring, two industry sources said.(Reporting by Tim Hepher, Lisa Barrington; Editing by Kim Coghill) Brought to you by ...
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