(Reuters) - Manchester United said on Friday said it would create a fan advisory board and fan share ownership scheme as the soccer club steps up engagement with its fans. The club said its Executive Co-Chairman Joel Glazer met with the club's fan forum on Friday to begin discussions. ...
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ST PETERSBURG (Reuters) - President Vladimir Putin said on Friday it was a "myth" that Russia was unconcerned by climate change and that Moscow saw things like melting permafrost and coastal erosion as risks. Russia is a major global producer of natural gas and oil. Speaking at an annual economic forum in St Petersburg, Putin said Russia was planning to launch "green" bonds. He also defended the use of natural gas, which he said was clean, and should be used during the transition to cleaner energy. ...
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(Bloomberg) -- U.S. job growth accelerated in May and the unemployment rate fell, signaling firms are making some progress filling a record number of openings as the economy powers up. Payrolls increased by 559,000 last month after a revised 278,000 gain in April, according to a Labor Department report Friday. The median estimate in a Bloomberg survey of economists was for a 675,000 rise. The jobless rate dropped to 5.8%. Employers are pressing to get headcounts in line with a resurgence in demand. May was an inflection point in the reopening of the economy because...
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By Dhirendra Tripathi Investing – Five Below (NASDAQ:FIVE) stock climbed higher premarket Friday after the discount retailer posted strong quarterly earnings following the close Thursday. The company’s numbers reflected consumers’ search for discounted items given teh difficulkt financial conditions as they come out of the pandemic, with comparable sales increasing by 162% versus the first quarter of fiscal 2020. At 9:05 AM ET (1305 GMT), Five Below stock traded 7.4% higher premarket. Five Below had closed all of its stores due to the Covid-19 for part of last year and hence gave numbers for the...
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BEIRUT (Reuters) - Part of the file being considered by French investigating judges who questioned fugitive former car executive Carlos Ghosn in Beirut this week should be considered invalid, his defence team said on Friday. French judges have been holding hearings in Beirut's Palace of Justice since Monday, in a process that Ghosn's lawyers have called a first for justice since his arrest in Japan in 2018. "We think based on legal opinion made by an expert that part of the file has to be declared null and void since it is tainted by...
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PARIS (Reuters) - Global airline industry body IATA on Friday criticised a decision by European air safety regulators to ban overflights of Belarus amid outrage over its interception of a Ryanair jet, saying aviation safety must never be "politicised". The broadside from IATA chief Willie Walsh came after the European Union Aviation Safety Agency (EASA) ordered governments to ban overflights of Belarus by their airlines, upgrading an earlier recommendation. "This is a retrograde and disappointing development," Walsh said in a statement issued by the International Air Transport Association, which counts most of the world's major airlines...
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LONDON (Reuters) - Britain's competition regulator is investigating Facebook (NASDAQ:FB) to determine whether the network is abusing its dominant position in social media or digital advertising through its collection and use of data, it said on Friday. The Competition and Markets Authority has launched an investigation into whether Facebook holds an unfair advantage in areas such as online classified ads and online dating, in the way it gathers and uses data. Facebook collects data when businesses advertise to its users and via its single sign-on option which enables people to sign into other...
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By Foo Yun Chee and Kate Holton BRUSSELS/LONDON (Reuters) - Europe and Britain launched formal antitrust investigations into Facebook (NASDAQ:FB) on Friday to determine if the world's largest social network is using customers' data to unfairly compete with advertisers, in a new threat to its business model. The European Commission and Britain's Competition and Markets Authority separately said they would investigate whether Facebook misuses its vast trove of data, gathered from the near 7 million companies that advertise on Facebook's Marketplace. The opening of European Competition Commissioner Margrethe Vestager's first antitrust probe into the world's largest...
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By Robin Emmott and Joanna Plucinska BRUSSELS/WARSAW (Reuters) - European Union ambassadors on Friday adopted a plan to ban Belarus carriers from flying over EU territory or landing in EU airports, three diplomats said, as the country's exiled opposition leader called for more joint Western sanctions. The EU decision is part of planned punitive measures against Belarus in response to Minsk's scrambling a warplane to force the landing on May 23 of a Ryanair flight carrying an opposition journalist, who was then arrested. The move is due to take effect at midnight Central European Time...
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By Trevor Hunnicutt and Ernest Scheyder (Reuters) - President Joe Biden's strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China centerpieces of his agenda, the administration is set to wrap up a 100-day review on Friday of gaps in supply chains in key areas, including electric vehicles (EV). These gaps include the minerals used in EV batteries and consumer electronics. The administration is also looking for...
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