US consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ammunition for the Federal Reserve to keep interest rates unchanged this year

Reuters Business

Support in Sweden for adopting the euro has declined over the past year, while a majority of Swedes oppose joining the currency used by a majority of European Union nations, a national statistics office poll showed. More here:

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WH Smith warns on profit, launches capital raise as Iran war hits sales

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Ride-hailing app Bolt launched operations in Milan on June 10 in the first stage of a push to shake up the Italian urban transport market, which its CEO told Reuters remains heavily underserved despite the presence of US rival Uber. More here:

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WATCH: Elon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, said people familiar with the matter, dwarfing the $75 billion the firm is seeking to raise

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Anthropic is rolling out a public version of its Mythos AI model, but with guardrails barring its use in risky areas such as cybersecurity, after a preview earlier this year sent shockwaves globally with its ability to find software flaws

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US stocks closed mostly lower, with the S&P 500 down 0.25% and the Nasdaq nearly 1%, as tech shares resumed their selloff and volatility surged

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Canadian dollar steadies near six-month low ahead of BoC rate decision

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UniCredit, Commerzbank keep up data fight as take-up reaches 10.9%

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London Stock Exchange seeks to challenge trading data overhaul

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SpaceX's landmark listing is set to test the 'Elon premium' that has made Tesla one of the most highly valued US companies and a must-have among retail investors

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Mercedes launches mass production of electric motor for high-performance AMG brand

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UniCredit says Commerzbank bid take-up at 10.91% lifting stake to 37.7%

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European banks want simpler rules as region's annual investment gap hits €1.4 trillion

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Italy fines German online broker Trade Republic €2.5 mln for misleading ads

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SpaceX is set for what could be the largest IPO in history, but investors question its lofty valuation. Will Rhind of GraniteShares says volatility is inevitable with any Musk-led company and investors who believe in SpaceX’s strategy will stay the course

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Prosecutors open corruption probe into Sicily bridge plan

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Hungarian prosecutors bring charges against head of anti-graft body

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Geely says its driver assistance system authorized for use in EU

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German advisory panel urges future-focused spending from infrastructure fund

Reuters Business

The US added Chinese e-commerce giant Alibaba, internet search provider Baidu, and automakers BYD and NIO to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries