18 June

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Spain to scrap mandatory outdoor masks from June 26 By Reuters

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BARCELONA (Reuters) - Spain will lift a blanket obligation to wear masks outdoors from June 26, Prime Minister Pedro Sanchez said on Friday. Spain's announcement follows a decision in neighbouring France to end the mandatory wearing of masks outdoors as infection rates fall, although concerns remain over the spread of the Delta variant. "This weekend will be the last one with masks in outdoor spaces because the next weekend we will no longer wear them," Sanchez told an event in Barcelona. He said the cabinet will meet on June 24 to approve the lifting of the...

18 June

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Adobe Gains Premarket After Topping Earnings, Revenue Estimates By Investing.com

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By Dhirendra Tripathi Investing.com – Adobe (NASDAQ:ADBE) stock was up close to 3% in Friday’s premarket trade after the company’s second quarter results a day earlier beat expectations, reaping the benefit of a world increasingly moving towards a digital lifestyle by offering more mobile-based applications. It notched up crucial customer wins for its creative cloud business as well as in the document cloud segment. For the quarter ended June 4, adjusted earnings per share was $3.03, beating analysts’ estimate of $2.81 as per an Investing.com poll. The company achieved $3.84 billion in revenue, representing 23% year-over-year...

18 June

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Facebook’s ‘Neighborhoods’ faces crowded niche market, profiling concerns By Reuters

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By Elizabeth Culliford and Moira Warburton (Reuters) - When Facebook (NASDAQ:FB) began testing its new "Neighborhoods" feature in Canada last October amid the COVID-19 pandemic, the tech giant described it as a dedicated place for people to connect with their local communities. Here, in a corner of the world's largest social network, people met neighbors, shared banana bread ingredients, helped locate missing cats and swapped local business recommendations, the feature's product manager Reid Patton said in a recent interview. But Facebook, which is rolling out the feature in four U.S. cities - Baton Rouge, Louisiana;...

18 June

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Explainer-Mystery behind slump in India’s Adani Group company shares By Reuters

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By Sudarshan Varadhan and Abhirup Roy CHENNAI (Reuters) - Shares of companies controlled by Indian billionaire Gautam Adani are set to record their biggest weekly losses ever. The six stocks cumulatively lost nearly 2 trillion Indian rupees ($26.98 billion) of value in four days through Thursday. THE FUNDS Indian newspaper Economic Times reported on Monday the accounts of three Mauritius-based funds, which are among the top foreign investors in Adani group companies, had been frozen by the National Securities Depository Ltd (NSDL). The NSDL website showed accounts held by the three funds frozen...

18 June

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Exclusive – Google searches for new measure of skin tones to curb bias in products By Reuters

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By Paresh Dave (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google told Reuters this week it is developing an alternative to the industry standard method for classifying skin tones, which a growing chorus of technology researchers and dermatologists says is inadequate for assessing whether products are biased against people of color. At issue is a six-color scale known as Fitzpatrick Skin Type (FST), which dermatologists have used since the 1970s. Tech companies now rely on it to categorize people and measure whether products such as facial recognition systems or smartwatch heart-rate sensors perform equally well across skin tones....

18 June

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UK public inflation expectations cool in May: BoE survey By Reuters

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LONDON (Reuters) - The British public's expectations for inflation cooled last month, according to a Bank of England survey that may give its officials confidence that rising price pressures are not becoming engrained in the popular psyche. Inflation expectations for the year ahead fell to 2.4% from 2.7% in its February survey, the BoE said. Expectations for inflation in the long term also eased, to 2.7% from 2.9%. ...

18 June

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UK consumer in focus after retail sales data; Tesco & Inchcape trading updates By Investing.com

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By Samuel Indyk Investing.com – The UK consumer took centre stage on Friday after the latest retail sales data and earnings from Tesco and car showroom Inchcape . The reports are painting a clear picture of the UK consumer as lockdown measures are eased and some normality returns. Retail sales The Office for National Statistics (ONS) said UK retail sales fell 1.4% in May, a minor correction after April’s stellar figures when non-essential retail reopened for the first time this year. Unsurprisingly, the ONS noted that part of the drop off in...

18 June

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U.S. FCC votes to advance proposed ban on Huawei, ZTE gear By Reuters

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By David Shepardson WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE (HK:0763). The vote drew opposition from Beijing. Under proposed rules that won initial approval, the FCC could also revoke prior equipment authorizations issued to Chinese companies. A Huawei spokesperson, in an email, called the FCC revision "misguided and unnecessarily punitive." Acting FCC Chairwoman Jessica Rosenworcel said the new measures would "exclude untrustworthy equipment from...

18 June

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European bank, energy shares slide; STOXX 600 eyes fifth straight weekly gain By Reuters

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By Sagarika Jaisinghani (Reuters) - A slide in bank and energy stocks hit European shares on Friday, with a hawkish policy outlook from the U.S. Federal Reserve also casting a dampener on the STOXX 600's fifth straight weekly gain. The banking index, which typically does well when interest rates are high, fell 1.2% to track an overnight slump in its U.S. peer, as investors booked profits after steady gains in the sector this year. Insurers, telecom stocks and energy stocks lost between 0.8% and 1.2%, while industrials and real estate stocks were among the biggest...

18 June

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Industrials, Inchcape help British mid-caps outperform European peers By Reuters

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By Devik Jain (Reuters) - London's FTSE 250 index edged higher on Friday, helped by gains in industrial stocks and Inchcape, while data showed retail sales fell in May as Britons dined out more following a lifting of pandemic restrictions. The domestically focused mid-cap index advanced 0.2% after three straight sessions of falls and outperformed the blue-chip FTSE 100 and pan-European STOXX 600. Among industrials, Rotork (LON:ROR) Plc climbed 2.3% and was one of the biggest gainers after Morgan Stanley (NYSE:MS) upgraded the stock to "overweight". Inchcape jumped 3.8% to the top...

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News

Spain to scrap mandatory outdoor masks from June 26 By Reuters

Adobe Gains Premarket After Topping Earnings, Revenue Estimates By Investing.com

Facebook’s ‘Neighborhoods’ faces crowded niche market, profiling concerns By Reuters

Explainer-Mystery behind slump in India’s Adani Group company shares By Reuters

Exclusive – Google searches for new measure of skin tones to curb bias in products By Reuters

UK public inflation expectations cool in May: BoE survey By Reuters

UK consumer in focus after retail sales data; Tesco & Inchcape trading updates By Investing.com

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear By Reuters

European bank, energy shares slide; STOXX 600 eyes fifth straight weekly gain By Reuters

Industrials, Inchcape help British mid-caps outperform European peers By Reuters

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