• Reuters

    Euro zone retail sales in record rebound in May as lockdowns eased

    Consumers in the euro zone returned en masse to shops in May as lockdowns were eased in the bloc, estimates from the EU statistics agency showed on Monday, signalling a sharp recovery of sales after record drops in March and April. Sales in the 19 countries sharing the euro zone rose by 17.8% in May from April, Eurostat said, in the steepest increase since euro zone records for retail sales began in 1999. The month-on-month rise in May partly offset the record falls posted in the previous two months, with the volume of retail trade dropping by a record 12.1% in April and by 10.6% in March, Eurostat's revised data showed on Monday.

  • Financial Times

    Russia’s fragile one-man rule

    Back then, many in the west and in Russia dared to hope a European-style liberal democracy could take hold. last week paved the way for Mr Putin to remain president potentially until 2036 — by which time he will be 83 and the longest-serving paramount Russian leader since Peter the Great. Russia, it seems, has defaulted to its centuries-old model of one-man rule.

  • Barrons.com

    6.8 Million American Jobs Aren’t Coming Back, and Two More Numbers to Know

    The number of jobless Americans who aren’t being counted as on “temporary layoff” hits 6.8 million. Employment is up at dentists’ offices. But average hourly wages are taking a hit.

  • Clarity Benefit Solutions is One of Silicon Review's 30 Fastest-Growing Tech Companies of 2020
    PR Newswire

    Clarity Benefit Solutions is One of Silicon Review's 30 Fastest-Growing Tech Companies of 2020

    Clarity Benefit Solutions, a leading provider of consumer benefit technology, today announced it has been named to The Silicon Review's 30 Fastest-Growing Tech Companies of 2020.

  • Seoul Semiconductor’s SunLike Natural Spectrum LEDs Adopted by Fiberli Grow Light for Horticulture Projects in Turkey
    Business Wire

    Seoul Semiconductor’s SunLike Natural Spectrum LEDs Adopted by Fiberli Grow Light for Horticulture Projects in Turkey

    Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that its SunLike Series natural spectrum LEDs have been adopted for horticulture LED lighting by the lighting solution company Fiberli, located in Turkey, one of the largest agricultural exporters in the world.

  • PR Newswire

    Akholi Launching Universal Education Platform, Giving Cost Effective Education to All Children in the World

    New technologies such as artificial intelligence, automation, and robotics will make most jobs that do not require an education obsolete over the next 20 years. Billions of young people around the world do not have access to the education they need to get a job in this future world.

  • GlobeNewswire

    Uponor Corporation: Notification according to chapter 9, section 5 of the Securities Market Act

    Uponor Corporation     Stock exchange release     6 July 2020     12:00 EET Uponor Corporation: Notification according to chapter 9, section 5 of the Securities Market.

  • GlobeNewswire

    Philips announces exchange ratio for 2019 dividend

    July 6, 2020 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for the dividend for the year 2019 has been.

  • GlobeNewswire

    Global Market Outlook for the Orthopedic Prosthetic Implants Market to 2027

    Dublin, July 06, 2020 -- The "Orthopedic Prosthetic Implants - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering..

  • Black Printing Inks Market Analysis and Forecast to 2025 - ResearchAndMarkets.com
    Business Wire

    Black Printing Inks Market Analysis and Forecast to 2025 - ResearchAndMarkets.com

    The "World - Black Printing Inks - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.

  • China rally triggers gains in European cyclical stocks
    Reuters

    China rally triggers gains in European cyclical stocks

    The pan-European STOXX 600 <.STOXX> climbed 1.6%, as stocks exposed to China, including carmakers <.SXAP>, industrials <.SXNP>, energy firms <.SXEP> and luxury goods makers, gained strongly. China's blue-chip index <.CSI300> jumped over 5%, as investors stocked up on cheap funding to invest in an economy that analysts predict will recover faster and better than other major countries battling new waves of infections. "They (China) were the first to get hit by the virus, and that's the sort of timeline that other economies in the world can expect for a bounce back," said Michael Baker, an analyst at ETX Capital in London.

  • GlobeNewswire

    Global Consumer Tissue Paper Market and COVID-19 Impact Assessment 2020-2024 - Greater Tissue Consumption as a Result of Increased Awareness on Respiratory Hygiene

    Dublin, July 06, 2020 -- The "Global Consumer Tissue Paper Market: Size and Forecasts with Impact Analysis of COVID-19 (2020-2024)" report has been added to.

  • Moody's

    Rebecca Bidco GmbH -- Moody's assigns B1 CFR to Rebecca Bidco (RENK); stable outlook

    Moody's Investors Service ("Moody's") has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Rebecca BidCo GmbH, a holding company formed to effect the acquisition of RENK AG (RENK or the company) by the "Triton V" fund advised funds managed by Triton. RENK is a manufacturer of drive technologies and is active in various end markets, including defense, marine, cement, oil & gas, and power generation. Concurrently Moody's has assigned B1 instrument rating to the proposed EUR300 million 5-year senior secured notes, issued by Rebecca BidCo GmbH.

  • China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble
    Bloomberg

    China Stokes a Stock-Market Mania, Risking Repeat of 2015 Bubble

    (Bloomberg) -- The dramatic moves in Chinese stocks over the past week are inviting comparisons with a bubble that burst spectacularly five years ago.In many ways, the pace of gains matches the market’s melt-up that started in the final weeks of 2014. The CSI 300 Index has now added 14% in five days, the most since December that year. A gauge of momentum on the CSI 300 is also the strongest since late 2014. Shares of brokerages surged as daily turnover exceeded 1.5 trillion yuan ($213 billion) for the first time since 2015, indicating increasing participation from retail investors. Monday’s more-than-5% gain in stocks had only happened once before since the bubble burst.Low interest rates and the first losses ever for some popular wealth-management products are driving China’s savers to stocks. The advance is also being aided by an enthusiastic chorus from the nation’s influential state media. A front-page editorial in the China Securities Journal on Monday said that fostering a “healthy” bull market after the pandemic is now more important to the economy than ever. Chinese social media exploded with searches for the term “open a stock account,” with bullish sentiment also boosting the yuan.But there are also key differences between now and 2014 -- including a lower starting point for equity valuations. And while more traders are taking on debt to buy shares, leverage in the stock market is about half what it was at its peak five years ago. The central bank has this time taken a cautious approach to liquidity, withdrawing funds from the financial system for a seventh day on Monday.“It’s very unlikely for us to go through the boom-and-bust like we experienced in 2014 and 2015,” said Dai Ming, Shanghai-based fund manager at Hengsheng Asset Management Co., who is buying property shares. “The market isn’t flooded with money everywhere like last time. Beijing is still very prudent with its monetary policy.”Talking up stocks is a dangerous game in China, where investment choice is limited due to capital controls. In 2014, encouraging words by state media helped revive interest in what had been a dull equity market. The result was a debt-fueled speculative bubble that burst, wiping out $5 trillion of value. Just like then, regulators have recently unveiled measures to liven up trading, including a new, streamlined approach to initial public offerings.“The state is very cautious about creating another boom-bust as seen in 2015, realizing the harm to confidence that comes from the bust is greater than the good from the ride up,” said Wang Zhuo, fund manager at Shanghai Zhuozhu Investment Management Co.The CSI 300 is up 14% this year, one of the biggest gains among major global benchmarks, to trade at a five-year high. Its 14-day relative strength index has climbed to 88, the highest since December 2014. The Shanghai Composite Index rose 5.7% Monday, its biggest single-day gain in five years. Futures on the city’s SSE 50 Index of large caps jumped 9.1%.Brokerages, typically seen as a barometer for market sentiment, led gains Monday with a Bloomberg gauge for Hong Kong-listed securities firms surging the most in nearly four years. A dozen mainland-listed brokers surged by the 10% daily limit. China International Capital Corp. hiked target prices for the industry, predicting the country’s stock market will double in value in the next 5-10 years.Surging risk appetite is one factor behind the relentless rout in China’s sovereign bonds, with the yield on the 10-year note rising the most since 2016 Monday. The selloff is also spilling over to the credit market, where companies are shelving plans to sell debt as borrowing costs surge. They canceled about $11 billion worth of deals in June alone.In another illustration of bullish sentiment, Semiconductor Manufacturing International Corp. is set to hold the mainland’s largest stock sale in a decade. The chipmaker is seeking to raise as much as $7.5 billion, or more than double the cash predicted by analysts. SMIC’s Hong Kong stock jumped 21% to a record Monday, its biggest gain since 2009.While the rally looks hot, investors such as He Qi, a fund manager with Huatai Pinebridge Fund Management Co, say they have made the most of lower valuations and a catch-up rally in cheaper stocks.“I’ve been fully invested in stocks since early June to bet on the shift in market focus,” he said, adding that he had focused on brokerages, property developers and automakers. “After a tough two months or so, it’s finally my moment to shine.”(An earlier version corrected name of publication in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Will and Kate visit hospital on NHS anniversary
    Reuters Videos

    Will and Kate visit hospital on NHS anniversary

    William and Kate, spoke with medical staff and enjoyed afternoon tea with them set up on tables outside the hospital entrance. To mark the anniversary across the country, the British public held another "Clap for Carers" at 5 p.m. (1600 GMT), a reprise of what had been a weekly tribute to doctors, nurses, and other frontline workers during the height of coronavirus lockdown. The NHS was founded on July 5, 1948 by Aneurin Bevan, who was health minister in the Labour government at the time. He said the taxpayer-funded service should be free at the point of delivery, with treatment based on clinical needs and not a person's ability to pay.

  • Pret a Manger to close 30 stores, putting 1,000 jobs at risk
    The Independent

    Pret a Manger to close 30 stores, putting 1,000 jobs at risk

    Pret a Manger has said it will close 30 stores across the UK as a result of declining sales, putting around 1,000 jobs at risk.Pano Christou, the sandwich shop chain’s chief executive, said: “It’s a sad day for the whole Pret family, and I’m devastated that we will be losing so many employees. But we must make these changes to adapt to the new retail environment.

  • Two hot news of Dongguan reflect the city's inclusiveness and help attract talents
    PR Newswire

    Two hot news of Dongguan reflect the city's inclusiveness and help attract talents

    Recently, two local news about China's Dongguan city have gained wide attention from the Chinese media. One is that a message left by a migrant worker for Dongguan Library called forth heated discussions around city culture and spirits on the Internet. The other is the broadcast of the documentary about Dongguan food culture named "A Bite of Dongguan" has aroused people's pursuit for a better life.

  • GlobeNewswire

    Dental Biomaterials Market to grow at 7.2% CAGR to hit US $10.76 billion by 2025– Global Insights on Key Statistics, Leading Players, Macroeconomic Indicators, Growth Drivers and Future Outlook: Adroit Market Research

    Dallas,Texas, July 06, 2020 -- The “Global Dental Biomaterials Market Size 2018, by Type (Metallic, Ceramic, Polymeric, Natural), Application (Implantology, Prosthodontics,.

  • Financial Times

    Pret A Manger to cut ‘1,000 plus’ jobs and close 30 stores

    Pret A Manger, the food-to-go chain, has announced plans to cut 1,000 or more jobs and close 30 stores as it wrestles with a precipitous drop in UK sales. Pano Christou, Pret’s chief executive, said on Monday that the chain faced a “significant restructuring of the business” and that job losses “could be 1,000 plus” unless it reached sales of 50 per cent to 60 per cent of pre-coronavirus levels by September. Pret has been acutely affected by the coronavirus crisis as its business model — to cater convenient food to commuters and office workers — has come under siege from the mass change in working patterns.

  • Rentschler Biopharma and Vetter Team up With Joint Goal to Simplify Processes and Optimize Time-to-market
    Business Wire

    Rentschler Biopharma and Vetter Team up With Joint Goal to Simplify Processes and Optimize Time-to-market

    Vetter and Rentschler Biopharma today announced their strategic collaboration, to enhance their services and offer complementary skills and experience

  • GlobeNewswire

    Declaration made pursuant to Article L. 233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers

    SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts.

  • Eubiotics Market to Cross USD 6.8 Billion by 2026, Says Global Market Insights, Inc.
    PR Newswire

    Eubiotics Market to Cross USD 6.8 Billion by 2026, Says Global Market Insights, Inc.

    Global eubiotics market revenue is expected to reach over USD 6.8 billion by 2026, as reported in the latest study by Global Market Insights, Inc. High effectiveness of eubiotics supplementation in improving the feed conversion ratio, enhancing digestive efficacy, and increasing body weight of animals will drive market growth. Eubiotics eradicate the chances of inducing pathogens in the body, thereby reducing the disease prevalence. Eubiotics are widely accepted as supplementation for poultry, swine, cattle, and aquaculture.

  • AXA launches "Wealth Ultra Savings Plan"
    PR Newswire

    AXA launches "Wealth Ultra Savings Plan"

    AXA Hong Kong and Macau announces the launch of its new Wealth Ultra Savings Plan ("Wealth Ultra"), offering a dual bonus to accelerate its customers' wealth growth to help achieve their ideal financial goals. "Wealth Ultra" is equipped with 3 unique market features[3], including Flexible Premium option, no aggregate limit for Bonus Lock-in rate and Flexi Continuation option. Customers have the flexibility to apply these options over time to meet their needs at different life stages in order to provide extra protection for their family and loved ones and to pass on their wealth.

  • GlobeNewswire

    Implications of COVID-19 for the Healthcare Industry, 2020 Report - Captures Opportunities in New Technologies, New Use Cases, and New Regulatory Pathways

    The "COVID-19 - Implications for the Healthcare Industry, 2020" report has been added to ResearchAndMarkets.com's offering. A team of futurists, analysts, and consultants from the Global Transformational Health Research Team have come together to render a comprehensive analysis to predict the future of healthcare with COVID-19 disruption in perspective. This study provides actionable predictions and growth opportunities for major healthcare segments and markets during and after the pandemic.

  • Samsung begins offering support requests via WhatsApp in India
    Engadget

    Samsung begins offering support requests via WhatsApp in India

    With the COVID-19 crisis continuing unabated in India, more folks than ever are relying on their smartphone. At the same time, the pandemic means it’s not easy to get help if you have a technical problem. With all that in mind, Samsung has introduced Customer Care for WhatsApp, an ultra-popular service in India.

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