Reuters

By Shubham Batra

(Reuters) - European shares climbed on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal Reserve, while June rate cut bets for euro zone remained intact despite hotter-than-expected inflation print from the region.

The pan-European STOXX 600 index was up 0.3%, led by advances in utilities that rose 0.7%.

The benchmark index is on track for a second week of declines... (continue reading...)

(Reuters) - U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates.

The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department said on Friday, matching the unrevised gain in March.

The PCE price index rose 2.7% year... (continue reading...)

By Foo Yun Chee and Benoit Van Overstraeten

BRUSSELS (Reuters) -Temu will have to comply with stricter EU online content rules after its user numbers exceeded a key criterion, the European Commission said on Friday, putting the PDD Group's fast-fashion e-commerce retailer in a group that includes Amazon, Meta Platforms and TikTok.

Under the European Union's Digital Services Act (DSA), companies with more than 45 million users are designated... (continue reading...)

By Malgorzata Wojtunik and Kuba Stezycki

SADLUKI, Poland (Reuters) - For 33-year-old Polish farmer Mateusz Kulecki, June's European Parliament elections could be a chance to elect representatives that will fight against what he says is excessive bureaucracy and interference in how he runs his land.

A neighbour of Ukraine, Poland has become a hotspot for protests that sprang up across Europe as farmers railed against cheap imports from the... (continue reading...)

By Humeyra Pamuk

PRAGUE (Reuters) - U.S. President Joe Biden approved Ukraine using U.S. weapons to strike targets inside Russia that were attacking the Ukrainian city of Kharkiv, after Kyiv sought authorization from Washington in recent weeks, U.S. Secretary of State Antony Blinken confirmed on Friday.

Speaking at a news conference in Prague after an informal meeting of NATO foreign ministers, Blinken did not specifically say whether... (continue reading...)