Oil tanker drivers in the north of England will strike later this month, potentially risking regional disruptions to fuel supplies within the UK just weeks before the country holds a general election. from Bloomberg Markets https://ift.tt/FlZWK1G
The retailers, known for selling household essentials and food in bulk, are increasingly attracting Americans looking to save when buying products such as playground equipment and furniture. https://www.wsj.com/articles/costco-and-bjs-usually-go-tos-for-everyday-goods-now-gobbling-up-discretionary-market-share-c82b6ff3
Angola’s sovereign wealth fund expects its portfolio to expand by 12% over five years, benefiting from strong economic conditions in African markets in which it invests. from Bloomberg Markets https://ift.tt/s9Zk5qy
European Bitcoin exchange-traded products are losing big this year after competition ramped up overseas in the form of United States-based competitors. Data from Morningstar shows that European Bitcoin funds have suffered over $500 million in net outflows since January, despite the rising demand for Bitcoin itself during that time. Why Are Europe’s Bitcoin ETFs Losing…
The Labour Party could bring a number of City chiefs and business leaders on board, as advisers or even government ministers, if it wins the general election on July 4. from Bloomberg Politics https://ift.tt/cRVoghI
Higher-than-expected eurozone inflation in May comprehensively kills off any hopes of a second European Central Bank interest-rate cut over the summer, Pantheon Macroeconomics economist says. https://www.wsj.com/articles/inflation-upside-kicks-ecb-summer-rate-cut-down-the-road-d1305eb2
Transak, a Web3 payments provider, has teamed up with blockchain development platform Cometh to introduce a streamlined fiat-to-Layer three (L3) onboarding solution. This new system reportedly simplifies the purchase of crypto assets directly on Cometh’s L3 blockchain, Arbitrum Orbit. Transak Partners With Cometh to Simplify Fiat-to-L3 Crypto Transactions According to the company’s announcement, Transak and…
So far, Exxon has significantly outpaced Chevron this year with the oil majors’ stocks gaining about 15% and 6%, respectively. https://www.cnbc.com/2024/05/31/cvx-may-outpace-xom-if-guyana-feud-is-resolved-this-year-fund-manager.html
European equities extended gains as softer US economic data fueled optimism that the Federal Reserve could cut interest rates later this year. from Bloomberg Markets https://ift.tt/7n2Nf5P
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