02 July

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France probes fashion retailers for concealing ‘crimes against humanity’ in Xinjiang By Reuters

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PARIS (Reuters) - French prosecutors have opened an investigation into four fashion retailers suspected of concealing "crimes against humanity" in China's Xinjiang region, a judicial source said on Thursday. The procedure is linked to accusations against China over its treatment of minority Muslim Uyghurs in the region, including the use of forced labour, the source said. China denies all accusations of abuse in the region. The source told Reuters Uniqlo France, a unit of Japan's Fast Retailing, Zara owner Inditex (MC:ITX), France's SMCP and Skechers were the subject of the investigation, confirming a report...

02 July

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Factbox-What Robinhood’s IPO filing says about the Reddit army By Reuters

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By David Randall and Sinéad Carew (Reuters) - The typical soldier in the army of retail traders upending Wall Street is a 31-year old who grabs their smartphone seven times a day to check the assets in their first-ever brokerage account, which may well hold a good chunk of cryptocurrencies in addition to stocks. Those broad strokes describing retail traders are among the nuggets found in the July 1 filing by online brokerage firm Robinhood Markets, which is aiming for an initial public offering worth over $40 billion. In its filing, the firm includes facts...

02 July

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Ghosts of taper tantrum to haunt EMFX, stir volatility memories: Reuters poll By Reuters

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By Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) - Volatility risks in coming months are high on the radar of emerging market currency investors still familiar with past Fed tightening, a Reuters poll of strategists found, but commodity prices are offering support amid slow vaccination rates. Having more than reversed a pandemic-induced slump and hit a record high last month, the wider index of emerging market currencies fell to over a one-month low after the Fed projected an acceleration to its policy tightening timeline. Wary that U.S. stimulus could be tapered sooner, in coming months investors...

02 July

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Dollar rides high to U.S. jobs test By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - The U.S. dollar was perched at a 15-month high on the yen and at multi-month peaks against other majors on Friday, as traders wagered strong U.S. labour data could lift it even further. The jobs report is due at 1230 GMT and is forecast to show a solid rise of 700,000. But there is chatter about the number coming in higher and the risk that upsets the assumption that U.S. interest rates can stay at rock-bottom levels for years. The dollar has climbed 0.7% against the yen this week and...

02 July

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Hong Kong policeman was stabbed in “lone wolf” attack- security chief By Reuters

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HONG KONG (Reuters) - The 50-year-old man who stabbed a Hong Kong policeman on the anniversary of the city's return to Chinese rule on Thursday was a "lone wolf" who committed a terrorist act, Secretary for Security Chris Tang said. Police said late on Thursday they were investigating an attempted murder and suicide after a man attacked a police officer from behind at 10.05 p.m. (1405 GMT), then stabbed himself in the chest with the knife. The man was sent to the hospital, where he died about an hour later. The policeman, 28, sustained a 10...

02 July

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Qualcomm’s new CEO eyes dominance in the laptop markets By Reuters

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By Stephen Nellis (Reuters) - Qualcomm (NASDAQ:QCOM) Inc's new chief thinks that by next year his company will have just the chip for laptop makers wondering how they can compete with Apple Inc (NASDAQ:AAPL), which last year introduced laptops using a custom-designed central processor chip that boasts longer battery life. Longtime processor suppliers Intel Corp (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) have no chips as energy efficient as Apple's. Qualcomm Chief Executive Cristiano Amon told Reuters on Thursday he believes his company can have the best chip on the market, with help from a...

02 July

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Branson aims to make space trip on July 11, ahead of Bezos By Reuters

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By Eric M. Johnson SEATTLE (Reuters) - Billionaire entrepreneur Richard Branson will travel to the edge of space on Virgin Galactic Holdings Inc's test flight on July 11, Branson's space tourism firm said on Thursday, beating out fellow aspiring billionaire astronaut Jeff Bezos. A successful flight by Branson aboard Virgin's VSS Unity spaceplane would mark a key milestone in a race to usher in a new era of private commercial space travel. It would also mean that Branson would travel beyond Earth's atmosphere ahead of Bezos, the founder of rival space tourism venture Blue...

02 July

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Facebook asks: Are your friends becoming extremists? By Reuters

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By Elizabeth Culliford (Reuters) - Facebook Inc (NASDAQ:FB) is starting to warn some users they might have seen "extremist content" on the social media site, the company said on Thursday. Screenshots shared on Twitter showed a notice asking "Are you concerned that someone you know is becoming an extremist?" and another that alerted users "you may have been exposed to harmful extremist content recently." Both included links to "get support." The world's largest social media network has long been under pressure from lawmakers and civil rights groups to combat extremism on its platforms, including...

02 July

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British PM Johnson welcomes Germany’s Merkel for swansong UK trip By Reuters

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LONDON (Reuters) - Outgoing German Chancellor Angela Merkel will address Prime Minister Boris Johnson's cabinet of top ministers during a visit to Britain on Friday, the first time a foreign leader has done so in nearly 25 years. Merkel's visit is seen in London as a chance to shore up diplomatic relations with its second-biggest sovereign trading partner after years of wrangling over Britain's exit from the European Union. Johnson will host Merkel at his Chequers country residence, where discussions will include pandemic travel arrangements. Merkel has pushed or tougher EU-wide restrictions on travellers arriving from...

02 July

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ConocoPhillips Jumps As Brokerages Go Bullish By Investing.com

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By Dhirendra Tripathi Investing.com – ConocoPhillips (NYSE:COP) rose more than 3% during Thursday’s trading as several brokerages raised their price targets for the oil giant’s shares. The latest list of brokerages joining previous day’s bullish calls by UBS (NYSE:UBS) and Citi (NYSE:C) includes Bernstein, Truist Securities, Goldman Sachs (NYSE:GS), Wells Fargo (NYSE:WFC) and RBC Capital. Bernstein’s $88 target for the crude oil explorer’s stock is the highest of the five calls issued today. That translates into an upside of almost 40% from the stock’s current level of $63. For Goldman Sachs’s Neil...

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France probes fashion retailers for concealing ‘crimes against humanity’ in Xinjiang By Reuters

Factbox-What Robinhood’s IPO filing says about the Reddit army By Reuters

Ghosts of taper tantrum to haunt EMFX, stir volatility memories: Reuters poll By Reuters

Dollar rides high to U.S. jobs test By Reuters

Hong Kong policeman was stabbed in “lone wolf” attack- security chief By Reuters

Qualcomm’s new CEO eyes dominance in the laptop markets By Reuters

Branson aims to make space trip on July 11, ahead of Bezos By Reuters

Facebook asks: Are your friends becoming extremists? By Reuters

British PM Johnson welcomes Germany’s Merkel for swansong UK trip By Reuters

ConocoPhillips Jumps As Brokerages Go Bullish By Investing.com

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