Italy's industrial output unexpectedly rises in April despite Iran war

Reuters Business

WATCH: From Michael Saylor's bitcoin sale to Greece's potential new tax, here is a round up of the crypto stories of the week

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Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says

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Truckmaker Volvo says demand is good in Europe, strong in North America

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Belgium to sell 20% stake in Belfius bank in private placement

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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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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

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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

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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

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From luxury fashion brand Prada moving into spacewear to researchers mimicking the conditions fans are likely to experience at the upcoming #FIFAWorldCup, here are the top technology and innovation stories from this week

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WATCH: Higher US interest rates and sticky inflation are keeping the dollar in focus, with some analysts calling strength the key trade. Jane Foley from Rabobank told @Reuters what traders are expecting from the Fed hikes

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UK homebuilder Bellway says Iran war and political uncertainty cloud outlook

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German exports up, production falls short of forecasts

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TSX futures up on easing Middle East tensions

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Germans more pessimistic than European peers as price worries reshape spending, BCG says

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UK homebuilder Bellway sees moderating demand, higher costs

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SoftwareOne expects AI, Crayon integration to support 2030 targets

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WATCH: Italian fashion house Prada unveiled the inner-layer garment set to be worn by NASA astronauts heading to the moon, underscoring the brand's push to be the first major luxury player to make inroads in the space industry

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WATCH: ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom

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WATCH: Apple rolled out a long-delayed overhaul of Siri, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race

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China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fueling the global AI boom, giving policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand. More here:

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Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker's troubles and the person they believed was the cause: Chief Executive Toshihiro Mibe. More here -

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UK consumers up their spending in May after April drop

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The Canadian government is launching a new loan program to help domestic airlines deal with high fuel prices and maintain operations and jobs, the finance ministry said in a statement. More here: