Business

Oil jumps 3% to $63 as Iran shoots down U.S. drone in Gulf

Oil jumps 3% to $63 as Iran shoots down U.S. drone in Gulf

SUMMARY: The coalition known as OPEC+ will discuss whether to extend throughout 2019 a deal on cutting 1.2 million barrels per day of production.

reuters
China, U.S. to resume trade talks but China says demands must be met

China, U.S. to resume trade talks but China says demands must be met

SUMMARY: But three main differences remain, including the removal of all additional tariffs, China says.

reuters
Stocks up, dollar, bond yields down on Fed rate cut signal

Stocks up, dollar, bond yields down on Fed rate cut signal

SUMMARY: The European Central Bank and the Australian central bank had earlier signaled this week more policy stimulus was needed.

reuters
Dismal weather piles pressure on UK retailers as sales decline

Dismal weather piles pressure on UK retailers as sales decline

SUMMARY: Its head of retail sales Rhian Murphy, said: "Retail sales continued to grow in the latest three months despite two consecutive monthly falls, with clothing sales declining considerably in May, due to unseasonably cold weather.

sky news
Boeing in talks for more 737 MAX orders after IAG

Boeing in talks for more 737 MAX orders after IAG

SUMMARY: He declined to comment on the timing of Boeing’s own mid-market plane and said returning the grounded 737 MAX to service was its top priority.

reuters
GSK offers concessions to address EU concerns over Pfizer deal

GSK offers concessions to address EU concerns over Pfizer deal

SUMMARY: GSK announced the deal in December last year, a move which will put it ahead of rivals Johnson & Johnson, Bayer and Sanofi.

reuters
Poll: Tracking asteroids a favored focus for space program

Poll: Tracking asteroids a favored focus for space program

SUMMARY: Compared with its feats of the 1960s and 1970s, the U.S. space program is now a second thought, he said.

star tribune
1 in 6 ER visits or hospital stays triggers 'surprise' bill

1 in 6 ER visits or hospital stays triggers 'surprise' bill

SUMMARY: Texas seems like a bit of a gamble, with 27% of emergency room visits and 38% of in-network hospital stays triggering at least one such bill.

star tribune
Deutsche Bank faces investigation for possible money-laundering lapses: NYT

Deutsche Bank faces investigation for possible money-laundering lapses: NYT

SUMMARY: FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015.

reuters
US rate cut hopes lift pound over $1.27, ahead of Bank of England decision - business live

US rate cut hopes lift pound over $1.27, ahead of Bank of England decision - business live

SUMMARY: Rolling coverage of the latest economic and financial news, as the dollar falls after US Federal Reserve hints that borrowing costs will fall soonIntroduction: Fed hints that rates will fall soonMarkets think July rate cut is nailed-onComing up: Bank of England decision at noon

the guardian
Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

SUMMARY: By providing data-driven tools to retail stores, e-commerce firms can expand the amount of data collected.

reuters
Markets see long fight ahead as ECB battles low inflation expectations

Markets see long fight ahead as ECB battles low inflation expectations

SUMMARY: (Graphic: Global rate cut bets rise - tmsnrt.rs/2Irovnl)The ECB is not the only central bank battling both low inflation and low expectations for inflation.

reuters
Waymo teams up with Renault, Nissan on robotaxis outside US

Waymo teams up with Renault, Nissan on robotaxis outside US

SUMMARY: Waymo, Renault and Nissan didn't set a timetable for when their ride-hailing service will launch.

star tribune
Renault, Nissan join Waymo in exploring driverless services in France, Japan

Renault, Nissan join Waymo in exploring driverless services in France, Japan

SUMMARY: The two automakers will set up 50-50 joint ventures in France and Japan to develop the driverless transportation services.

reuters
Less is more? Inditex cuts stores but boosts space in home market Spain

Less is more? Inditex cuts stores but boosts space in home market Spain

SUMMARY: FILE PHOTO: The logo of a Zara store, an Inditex brand, is seen in central Madrid, Spain, December 13, 2017.

reuters
Loss of market share means 'more pain' for Currys PC World owner

Loss of market share means 'more pain' for Currys PC World owner

SUMMARY: The company behind Carphone Warehouse and Currys PC World has warned its UK mobile division will remain "significantly loss-making" this year.

sky news
What if – whisper it – 5G doesn’t matter?

What if – whisper it – 5G doesn’t matter?

SUMMARY: What if – whisper it – 5G doesn’t matter?

sky news
Twin Cities app founder suing Facebook over alleged copyright violation

Twin Cities app founder suing Facebook over alleged copyright violation

SUMMARY: But now he’s suing the social media behemoth in federal court, saying the company stole the name of his app, Lasso, and is tanking his business.

star tribune
Delta lets you choose facial recognition as a ticket at MSP

Delta lets you choose facial recognition as a ticket at MSP

SUMMARY: The facial scans mark the first use of biometric technology for boarding passengers at MSP.

star tribune
Delta says technical problems that led to delays have been addressed

Delta says technical problems that led to delays have been addressed

SUMMARY: Frustrated Delta Air Lines travelers waited in long lines at Minneapolis-St. Paul International Airport on Wednesday evening when a technical problem caused widespread delays across the country.

star tribune