01 June

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Warm weather boosts UK shopper numbers – Springboard By Reuters

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LONDON (Reuters) - Shopper numbers across Britain rose by 6.7% in the last week to Saturday, compared with the week before, but they remained 26.8% lower than normal circumstances in 2019, Springboard data showed on Tuesday. Warm weather on Sunday and Monday, a public holiday, also encouraged people to hit the shops, with Sunday numbers up by 25% and Monday up 16%. ...

01 June

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Only 13% of NatWest staff to return to office full-time By Reuters

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By Lawrence White LONDON (Reuters) -Britain's NatWest expects only about 13% of its staff to return to primarily office-based working, the lender said on Tuesday as it revealed a three-pronged approach to post-pandemic working habits. A NatWest spokeswoman told Reuters that 55% of staff will adopt a hybrid working model, mixing home and office working, while 32% will adopt a 'remote-first' model with a minimum of two days a month in the office and the remainder sticking with the 'office-first' model. "For some of you, it will be clear which category your role fits within. For...

01 June

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Dow Futures 200 Pts Higher; Reopening Hopes Soar By Investing.com

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By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Tuesday, continuing the strong tone seen at the end of last month, amid growing optimism over the country’s economic recovery. At 7:05 AM ET (1205 GMT), the Dow futures contract was up 200 points, or 0.6%, S&P 500 futures traded 20 points, or 0.5%, higher, and Nasdaq 100 futures climbed 45 points, or 0.3%. The blue-chip Dow Jones Industrial Average gained just short of 2% in May, while the broad-based S&P 500 rose 0.6%, to mark their fourth consecutive positive months. The tech-heavy NASDAQ Composite...

01 June

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Uber sees gradual return of U.S. drivers, modest decrease in wait times By Reuters

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By Tina Bellon (Reuters) - Uber Technologies (NYSE:UBER) Inc said on Tuesday drivers were gradually returning to its ride-hailing platform, allowing for a modest decrease in passenger wait times as the company seeks to take advantage of a post-pandemic return in travel demand. Uber said the week of May 17th marked a new record for drivers returning to the road since the start of 2021, with active driver hours increasing 4.4% from the previous week. Overall, Uber said 33,000 drivers joined its U.S. platform during the week of May 17th. Most of them had stopped working...

01 June

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Daimler India shuts bus and truckmaking unit for three days By Reuters

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By Sudarshan Varadhan and Aditi Shah CHENNAI (Reuters) - Daimler's Indian plant has shut its bus and truckmaking unit for three days because of parts shortages caused by lockdown restrictions across the country, a company spokesman said on Tuesday. "Daimler India Commercial Vehicles (DICV) has declared a non-production day for June 1 'til June 3, 2021, due to temporary parts shortages caused by lockdown restrictions," the spokesman said in a statement. The plant is the first near India's Chennai automotive manufacturing hub to order a temporary shutdown owing to a parts shortage. Global carmakers such as...

01 June

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Explainer – The cost of having a child in China By Reuters

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BEIJING (Reuters) - Married Chinese couples can have up to three children, China announced on Monday, in a major shift from the limit of two after recent data showed a dramatic decline in births in the world's most populous country. The cost of raising a child in urban China has deterred many would-be parents, and China's fertility rate has fallen to just 1.3 children per woman, despite Beijing's scrapping of the one-child policy in 2016. Below are some of the costs of raising a child in China's big cities. MATERNAL COSTS The costs of giving...

01 June

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China’s new three-child policy draws scepticism, cost questions By Reuters

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By Tony Munroe BEIJING (Reuters) - China's decision to allow families to have up to three children was met with scepticism on Tuesday, with doubts expressed on social media whether it would make much difference, and calls for details on what promised "supportive measures" will include. On Monday, Beijing announced that it was lifting the two-child limit in an effort to encourage more child-bearing, weeks after census data confirmed rapid aging and a decline in fertility that puts China on track to see its population, the world's largest, begin shrinking. The major policy shift will include...

01 June

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In Germany’s banking industry, minuscule gains for female leadership By Reuters

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(Corrects spelling of minuscule in headline) By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) -Banks in Germany made only marginal gains in increasing female representation in management last year, with women accounting for just 34.8% of leadership positions, figures from employment lobby AGV Banken show. The problem underscores challenges for board rooms in many business sectors across Germany. For the finance industry in particular, it is not a good look as it seeks to win business from London in the wake of Brexit, and calls for action from politicians and investors are growing louder. The latest...

01 June

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BP invests $220 million in U.S. solar development projects By Reuters

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(Reuters) - Energy major BP (LON:BP) Plc on Tuesday boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy. The deal, for assets with a production capacity of 9 gigawatts, marks BP's first independent investment in solar since buying a stake in Europe's largest solar developer, Lightsource, in 2017. BP, which adopted a sunburst logo decades ago to convey its ambition in solar energy, said the assets will be developed through its 50-50 joint venture with Lightsource BP. (https://on.bp.com/2S3lFwd) "In line with our strategy,...

01 June

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Exclusive: France’s Tereos seeks to exit ventures in China, Romania – sources By Reuters

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By Sybille de La Hamaide PARIS (Reuters) - French sugar producer Tereos is seeking to exit its ventures in China and Romania as part of a wider move by the new management to divest some international assets to lighten the group's heavy debt and boost profitability, sources close to the matter said. Tereos, the world's second largest sugar producer by volume, reshuffled its top management since an extraordinary meeting in December dismissed its chief executive. The new team, which had expressed strong concern about losses at some of Tereos' international activities before taking over, said...

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News

Warm weather boosts UK shopper numbers – Springboard By Reuters

Only 13% of NatWest staff to return to office full-time By Reuters

Dow Futures 200 Pts Higher; Reopening Hopes Soar By Investing.com

Uber sees gradual return of U.S. drivers, modest decrease in wait times By Reuters

Daimler India shuts bus and truckmaking unit for three days By Reuters

Explainer – The cost of having a child in China By Reuters

China’s new three-child policy draws scepticism, cost questions By Reuters

In Germany’s banking industry, minuscule gains for female leadership By Reuters

BP invests $220 million in U.S. solar development projects By Reuters

Exclusive: France’s Tereos seeks to exit ventures in China, Romania – sources By Reuters

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