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UK’s Next plans takeover bid for Harvey Nichols, Sky News reports

July 4 (Reuters) - British clothing retailer Next is preparing to launch a takeover bid for luxury department store chain Harvey Nichols, Sky News reported on Saturday. Reuters could not immediately verify the report. Harvey Nichols declined to comment, while Next did not respond ...
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Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia

A Ukrainian drone attack struck an oil terminal in St. Petersburg on Saturday, Russian officials said, as Kyiv presses on with bombardment of Russia's oil infrastructure. Almost daily long-range attacks on Russian oil facilities have created a fuel crisis and heaped political pressure on ...
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Indonesians fight a German cement giant over a mine and factory project

JAKARTA, Indonesia (AP) - Indonesians are trying to stop a major German cement producer from building a mine and factory under a unique supply chain law that adds to a growing number of cases legal experts say may influence European businesses in Asia. Critics say ...
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EU trade with US hits record despite tariff tensions, study shows

By Maria Martinez BERLIN, July 3 (Reuters) - The trade of goods between the EU and the U.S. reached a record €875 billion ($1.00 trillion) last year despite mounting tariff pressures, but the headline figures mask serious damage in key sectors, a study by the ...
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Australian prime minister condemns delay of changes to child social media ban

MELBOURNE, Australia (AP) - Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked changes to a world-first social media ban for children, saying tech giants would use the delay to destroy incriminating documents that could be used as evidence against them. The government ...
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Oil prices little changed ahead of long US weekend as peace efforts hold

By Helen Clark and Sam Li PERTH, July 3 (Reuters) - Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States ...
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Mortgage rates fall to lowest level since May

(NEW YORK) -- Mortgage rates have dropped to their lowest level since May as negotiations between the United States and Iran ease financial markets.The average interest rate on a 30-year fixed mortgage stands at 6.43%, down from last week's rate of 6.49%, Freddie Mac ...
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‘Revolution’: Fed Chair Kevin Warsh says US likely ‘big winner’ in AI race

(NEW YORK) -- Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would likely make the United States a "big winner in the medium-term.""We are in the first or second inning of this ...
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Morgan Stanley, Goldman Sachs to match $1,000 contributions to Trump accounts opened for employees’ children

NEW YORK, July 2 (Reuters) - Morgan Stanley and Goldman Sachs announced on Thursday they are matching $1,000 contributions to Trump accounts opened for their eligible employees' children. The program is set to launch on July 4 and will contemplate children born in the ...
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Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks

The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year ago, ...
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What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno

(NEW YORK) -- The Social Security fund will run out of money in as little as six years, a shorter time frame than previously estimated, according to a report released earlier this month by the programs' trustees.News of the funding cliff prompted a pair ...
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Hiring worse than expected in June amid elevated inflation

(NEW YORK) -- Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war.The U.S. added 57,000 jobs in June, according to the federal government's monthly jobs report, which marked ...
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