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Euro zone services sector contraction eased in June as inflation cooled sharply, PMI shows

The euro zone services industry contracted at a slower pace in June as cost pressures fell at the sharpest rate on record outside of pandemic-era lockdowns, helping to stabilise the broader economy after two months of decline, a survey showed.Oil prices dropped for a third consecutive day on Thursd…

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Economy
NEWS reuters

Italy retail sales rise 0.2% m/m in May

Italian retail sales rose 0.2% in May from the month before, data showed on Friday, following a flat reading in April.Sales rose 2.2% in unadjusted year-on-year terms in May, ISTAT said.The data are expressed in value terms and are not adjusted for consumer prices, which increased 3.2% in May from…

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Economy
NEWS reuters

World food prices ease for second month in June, UN's FAO says

World food prices edged lower in June as declines in sugar, cereals and dairy outweighed increases in vegetable oils and meat, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commo…

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Futures
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French services sector contracted in June by more than forecast, PMI shows

France's services sector contracted in June by more than initially forecast, as sluggish demand and inflationary pressures weighed on businesses, said a survey by S&P Global.The S&P Global France Services PMI Business Activity Index rose to 46.8 points in June from 44.3 in May, although that final…

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Economy
NEWS reuters

Turkish June monthly inflation at 0.99%, matches forecast

Turkish consumer price inflation matched expectations in June, with annual inflation easing to 32.11% after two months of faster price growth, data from the Turkish Statistical Institute showed on Friday.The monthly reading was 0.99%, matching a Reuters poll forecast, while the annual rate was also…

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Economy
reuters

How drug gangs use social media to recruit Thai air crew as couriers

By Juarawee Kittisilpa and Panarat ThepgumpanatEarly in the morning on June 18, a message from an unknown account slipped into the TikTok inbox of a flight attendant in Bangkok with a series of questions: "Are you flying to Australia? Do you do carry-for-hire? What is your rate?"The 30-year-old, wh…

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Stocks AUTH
NEWS reuters

Italy service sector returns to growth as cost pressures ease, PMI shows

Business in Italy's service sector grew marginally in June after three months of contraction, a survey showed on Friday, as cost pressures eased amid signs of de-escalation in the conflict in the Middle East.S&P Global's Purchasing Managers Index (PMI) rose to 50.2 from May's 49.4, edging above the…

Reuters en
Economy