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  • Reuters

    UPDATE 1-ECB most concerned about wages, services, Schnabel says

    The final stage of getting euro zone inflation back to 2% will be bumpy and an erosion in productivity, along with high services costs, pose some of the biggest risks, European Central Bank board member Isabel Schnabel said on Thursday. Euro zone inflation has fallen more quickly in recent months than many had expected, but the ECB now fears that price growth could oscillate over the next few months, including the possibility of some significant temporary upticks. The ECB has put a special focus on wages and said that a rate cut in June could only come after first quarter data confirm that the growth in labour costs is moderating.

  • Reuters

    Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner

    Concord, a Nashville-based independent music company, late on Wednesday sweetened its bid for Hipgnosis to $1.25 per share, or about $1.51 billion, slightly higher than Blackstone's proposal of $1.24 apiece. Shares of Hipgnosis were up 1.1% at 1.028 pounds ($1.28), as the fresh offer fuels the prospect of a higher counter-bid from the world's largest private equity firm.

  • Newsfile

    NETA Auto: The First Car from the Indonesian Factory Powers up Global Strategy

    Jakarta, Indonesia--(Newsfile Corp. - April 25, 2024) - On April 22nd, NETA Auto's first Indonesian eco-smart factory, located in Jakarta, officially commenced production and rolled out its new vehicle. Attending the event were Zhou Jiang, Vice President of NETA Auto and President of the Overseas Business Department; Liu Lei, General Manager of NETA Auto's Manufacturing Planning Center and Vice President of the Overseas Business Department; Jerry Huang, Managing Director of PT NETA Auto Indonesi