UK unemployment unexpectedly climbed to 5% in March, weighing on GBP despite a lower-than-expected claimant count. The EUR/GBP pair regained ground near 0.8680 in early European trading after UK unemployment data showed a surprise increase. The ILO unemployment rate rose t
Stellantis targets mass-market electric vehicle production in Italy starting 2028 under its new E-Car initiative. Stellantis announced its E-Car project, aiming to produce affordable small electric vehicles in Italy by 2028. The initiative focuses on the European market, e
Starbucks Korea head fired after backlash The head of Starbucks Korea was dismissed after a marketing campaign sparked controversy. The campaign recalled the 1980 military crackdown on pro-democracy demonstrators. Shinsegae Group, the retail conglomerate th
Britain’s unemployment rate rose to 5.0% in the three months to March, above the 4.9% consensus estimate. The UK unemployment rate increased to 5.0% in the three months ending March, up from 4.9% in the prior period. The figure surpassed economists’ expectations of a stead
March ILO unemployment climbed above forecasts while employment growth slowed and wage growth accelerated, signaling mixed labor market signals. The UK’s ILO unemployment rate increased to 5.0% in March, exceeding the 4.9% forecast and matching the prior month’s revised fi
Britain’s unemployment rate rose to 5.0% in the three months to March, above the 4.9% consensus estimate. The UK unemployment rate climbed to 5.0% in the three months ending March, up from 4.9% in the prior period, surpassing market expectations of 4.9%. The increase marks
EUR/USD and USD/CAD option expiries at 1.1650 and 1.3710 levels could limit intraday moves amid cautious risk sentiment. EUR/USD options totaling 1.1650 and USD/CAD at 1.3710 expire at 10am New York, with sizable notional values that may anchor price action. Neither level
The company will begin shipping samples of ten new IGBT module models for inverters in machine tools and industrial equipment next month. Mitsubishi Electric will commence sequential shipments of ten new 1.2kV insulated gate bipolar transistor (IGBT) module samples on June
AI Financial may not survive the year due to liquidity concerns AI Financial has warned that it may not survive the year due to liquidity concerns. The company marked its 7.28 billion WLFI tokens at $706 million, down from a roughly $1.46 billion cost basis. Th
CareTrust REIT increases share offering to 12.5M, securing $509.4M in gross proceeds via forward sale agreements. CareTrust REIT (CTRE) priced an upsized public offering of 12.5 million shares, raising approximately $509.4 million in gross proceeds. The deal uses forward s
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