Business

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Sunday, July 5 by SRN News

July 5 (Reuters) - Uber has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ride-sharing company continues to pursue a takeover of Delivery Hero, the Financial Times reported on Sunday. Uber no longer plans... Read More.

America In Focus: consumers still gloomy about economy; US hiring falls in June

Saturday, July 4 by SRN News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions... Read More.

SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports

Saturday, July 4 by SRN News

July 4 (Reuters) - SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the matter. • The South Korean chipmaker has indicated it... Read More.

Continental to sell ContiTech unit to Lone Star Funds for $4.6 billion

Saturday, July 4 by SRN News

July 4 (Reuters) - Continental said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for €4 billion ($4.57 billion), plus potential performance-based components of up to €250 million in subsequent... Read More.

UK’s Next plans takeover bid for Harvey Nichols, Sky News reports

Saturday, July 4 by SRN News

July 4 (Reuters) - British clothing retailer Next is preparing to launch a takeover bid for luxury department store chain Harvey Nichols, Sky News reported on Saturday. Reuters could not immediately verify the report. Next and Harvey Nichols did not immediately respond to requests... Read More.

Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia

Saturday, July 4 by SRN News

A Ukrainian drone attack struck an oil terminal in St. Petersburg on Saturday, Russian officials said, as Kyiv presses on with bombardment of Russia's oil infrastructure. Almost daily long-range attacks on Russian oil facilities have created a fuel crisis and heaped political pressure on... Read More.

Small businesses say they’re having a good summer as Americans travel closer to home

Friday, July 3 by SRN News

NEW YORK (AP) - Small business owners in U.S. tourist destinations say they're seeing more Americans sticking closer to home this summer, trading overseas travel for road trips, choosing daylong sojourns over extended beach stays, and cooking instead of eating out while on vacation... Read More.

Trump salutes America at Mount Rushmore (VIDEO)

Friday, July 3 by SRN News

WASHINGTON (AP) - Festivities marking the 250th anniversary of American independence are ramping up across the United States. President Donald Trump spoke from Mount Rushmore, where he called the holiday "one of the most extraordinary days in the history of the world." New York City's... Read More.

Brazil’s top presidential candidates Lula and Flávio Bolsonaro clash over US tariff proposal

Friday, July 3 by SRN News

RIO DE JANEIRO (AP) - Brazil's President Luiz Inácio Lula da Silva and his rival Sen. Flávio Bolsonaro clashed over U.S. tariffs this week, as both sought to discourage the Trump administration from following through with its proposal of applying taxes of 25% on... Read More.

JPMorgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027

Friday, July 3 by SRN News

(Corrects day in first paragraph to Thursday instead of Friday) July 3 (Reuters) - JPMorgan said on Thursday that softer buying from key demand sectors and gold's renewed sensitivity to real yields could keep prices range-bound in the near term, though it expects a recovery... Read More.

Current Weather

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

America In Focus: consumers still gloomy about economy; US hiring falls in June

SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports

Continental to sell ContiTech unit to Lone Star Funds for $4.6 billion

UK’s Next plans takeover bid for Harvey Nichols, Sky News reports

Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia

Small businesses say they’re having a good summer as Americans travel closer to home

Trump salutes America at Mount Rushmore (VIDEO)

Brazil’s top presidential candidates Lula and Flávio Bolsonaro clash over US tariff proposal

JPMorgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027

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