01 July

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Lufthansa, campaigners urge EU to set ‘e-kerosene’ green jet fuel target By Reuters

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By Marine Strauss BRUSSELS (Reuters) - The European Union should set binding targets for airlines to use a share of green "e-kerosene" to reduce carbon emissions, Lufthansa and a group of environmental campaigners, fuel producers and airports said in a letter on Thursday. The European Commission will propose targets for airlines to use a minimum share of sustainable fuels on July 14. The Commission dropped earlier draft plans for airlines to reach a 5% share of low-carbon fuels in 2030, increasing to above 60% in 2050, as the targets were deemed too low. In the letter...

01 July

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Boeing taps former GE executive Brian West as CFO By Reuters

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(Reuters) -Boeing Co on Wednesday named former General Electric (NYSE:GE) executive Brian West as its chief financial officer, more than two months after the planemaker announced the surprise retirement of long-time financial head Greg Smith. West, who will take charge on Aug. 27, spent 16 years at GE, where he served as CFO of its aviation and engine services businesses. His appointment comes as Boeing (NYSE:BA) faces one of the most turbulent periods in its history, marked by a safety crisis followed by rising debt during the pandemic. "I have had the pleasure of...

01 July

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Exclusive-Swiss telecoms group Salt targets $2.7 billion valuation in autumn float -sources By Reuters

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By Oliver Hirt and Arno Schuetze ZURICH (Reuters) - Switzerland's no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said. French entrepreneur Xavier Niel is seeking an exit after seven years of investment, they added. The company is expected to sell shares worth roughly 700 million Swiss francs ($757 million), mainly new shares from a capital increase, the people said. Credit Suisse ...

01 July

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UK, EU reach deal on chilled meats, but no permanent solution By Reuters

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LONDON (Reuters) - Britain and the European Union agreed on Wednesday a further extension to a grace period for customs checks on chilled meat products moving to Northern Ireland, a step Britain's Brexit minister David Frost said was not a permanent solution. "This is a positive first step but we still need to agree a permanent solution," he said in a statement. "This is a very clear sign that the protocol has to be operated in a pragmatic and proportionate way. The chilled meats issue is only one of a very large number of problems...

01 July

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FTSE 100 falls in quiet trade, USD firm, Oil up ahead of OPEC By Investing.com

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Key Points FTSE 100 closing price of 7040.2, -0.67% Morrisons shares higher as shareholder open to higher offer UK/EU Sausage War ended, for now Oil higher ahead of OPEC+ meeting Bitcoin steady around $35,000 By Samuel Indyk Investing.com – The FTSE 100 started off on the front foot (maybe the euphoria of England’s win against Germany was still on the minds of traders) before turning negative within the first hour after failing to hold above 7,100. Shares in supermarket chain Morrisons (LON:MRW) gained around 5% after comments from tenth biggest shareholder JO Hambro Capital, who said...

01 July

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UK records 26,068 new COVID cases, highest since Jan. 29 By Reuters

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LONDON (Reuters) - The United Kingdom recorded a further 26,068 cases of COVID-19 on Wednesday, the highest daily figure since January 29 and sending the seven day-tally up 70% on the week before, official data showed. Despite the surge in new infections, Britain's daily fatality figures have remained in low double digits. Fourteen deaths were reported on Wednesday, down from 23 the day before. That compares with the more than 1,000 fatalities that were repeatedly reported per day at the height of Britain's worst wave in the pandemic, in January this year. ...

01 July

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Micron Reports, Didi Flops, Jobless Claims: 3 Things to Watch By Investing.com

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By Dhirendra Tripathi Investing.com -- Stocks marked a strong first half to the year, fueled by economically sensitive stocks and a flurry of initial public offerings driving investor enthusiasm. Wednesday’s ADP payroll report showed employers added 692,000 jobs in June. The bullish report bodes well for Friday’s jobs report from the government. Economists forecast the U.S. economy created about 600,000 jobs in June. Cyclical stocks, which move in tandem with the economy, were higher, led by energy stocks. Oil prices are rising ahead of Thursday’s meeting of OPEC and an inventory report for last week that showed...

01 July

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Motor racing-Senna scriptwriter to make Ecclestone docu-series By Reuters

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LONDON (Reuters) - Manish Pandey, who scripted the award-winning motor racing film "Senna", is making an eight-part documentary series about the life of former Formula One supremo Bernie Ecclestone and his transformation of the sport. The series will be titled "Lucky!" and has been given exclusive rights by British billionaire Ecclestone, who was replaced by Formula One's U.S.-based owners Liberty Media in 2017 and is now 90. It will also use extensive archive footage provided by Formula One. "Bernie has been able to reflect, not just on his days as one of the greatest sporting impresarios...

01 July

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Micron Beats in Q3; Tight Memory Chip Supply to Continue By Investing.com

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By Yasin Ebrahim Micron (NASDAQ:MU) reported Wednesday third quarter earnings that beat analysts' forecasts on strong demand for memory demand, with the chipmaker saying that supply would remain tight. Micron shares lost 0.36% in after-hours trade following the report. Micron announced earnings per share of $1.88 on revenue of $7.42 billion. Analysts polled by Investing.com anticipated EPS of $1.70 on revenue of $7.2 billion. DRAM, which makes up 73% of revenue was up 52% in the quarter year over year, while NAND, which makes up 24% of revenue was up 24%. The tight chip supply...

30 June

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Financial Firms Poised to Be Exempt From New Global Tax Rules By Bloomberg

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(Bloomberg) -- Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak. Negotiators in talks hosted by the Organization for Economic Cooperation and Development have accepted Sunak’s proposal to ensure that financial firms, such as global banks with head offices in London, wouldn’t face additional tax burdens, according to people familiar with the discussions who spoke on condition of anonymity because the talks are private. The Paris-based OECD is hosting...

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Lufthansa, campaigners urge EU to set ‘e-kerosene’ green jet fuel target By Reuters

Boeing taps former GE executive Brian West as CFO By Reuters

Exclusive-Swiss telecoms group Salt targets $2.7 billion valuation in autumn float -sources By Reuters

UK, EU reach deal on chilled meats, but no permanent solution By Reuters

FTSE 100 falls in quiet trade, USD firm, Oil up ahead of OPEC By Investing.com

UK records 26,068 new COVID cases, highest since Jan. 29 By Reuters

Micron Reports, Didi Flops, Jobless Claims: 3 Things to Watch By Investing.com

Motor racing-Senna scriptwriter to make Ecclestone docu-series By Reuters

Micron Beats in Q3; Tight Memory Chip Supply to Continue By Investing.com

Financial Firms Poised to Be Exempt From New Global Tax Rules By Bloomberg

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