International Economic
Fund managers say inflation 'transitory', banks biggest 'overweight' - BofA
Most fund managers around the world continued to believe that the recent acceleration in price pressures in the States would prove transitory, placing their trust in the Federal Reserve's ability to "peacefully" draw back on its policy easing, the results of a closely-followed survey revealed.
IKEA fined $1.2m for spying on French workers
A French court on Tuesday fined IKEA $1. 2m after it found that it had been spying on its French staff by improperly gathering and storing their data.
US final demand prices jump in May, paced by gains for food and energy
Wholesale prices in the US rose twice as quickly as anticipated last month amid sharp increased in food and energy prices.
Australia, UK agree free trade deal with cap on tariff-free imports
Australia and the UK have agreed a largely symbolic trade agreement in principle, despite concerns from British farmers about cheap meat imports flooding the domestic market.
US retail sales volumes drop sharply in May
Americans reined in their spending last month, especially on cars and building materials, two of the categories of goods that had been in greatest demand throughout the pandemic.
Jaguar Land Rover to develop hydrogen fuel cell Defender SUV
Jaguar Land Rover is developing a hydrogen fuel cell vehicle based on the new Defender SUV and plans to begin testing the prototype in 2022.
Eurozone trade surplus surges in April
The Eurozone’s annual trade surplus rose to nearly €11bn in April, official data showed on Tuesday, though that was below most analyst forecasts.