Wall Street futures on the rise … European vax makers criticized

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TOKYO (AP) European stocks rose today after a retreat in Asia as investors await a key US jobs report to see how the recovery from the pandemic is doing. The French CAC 40 gained nearly 1.1% at the start of the session, while the German DAX jumped 1.0%. Britain’s FTSE 100 gained 1.2%. In Asian trade, Japan’s Nikkei closed 0.3% lower, South Korea’s Kospi lost 0.4%. The Shanghai Composite lost almost 0.1%. Wall Street poised to win, with Dow and S&P 500 futures up 0.3% each

LONDON (AP) Japanese automaker Nissan and two partners have announced plans to invest £ 1 billion ($ 1.4 billion) to produce a new model of all-electric vehicle and batteries in the northeast of England, a major victory for the British government’s efforts to attract jobs and investment following the country’s departure from the European Union. Nissan says it will build its next-generation electric vehicles at the company’s Sunderland plant, creating more than 6,200 jobs at the plant and its suppliers.

STOCKHOLM (AP) Low-cost fashion brand H&M says its second-quarter profit soared from Kronor 10 billion ($ 1.2 billion) to Kroner 3.6 billion ($ 422 million) as many of its stores have reopened. Sales for the period March 1 to May 31 increased by 75% compared to last year. The director of the world’s second largest fashion retailer says the world is gradually opening up and customers can visit our stores again. Net sales amounted to Kroner 46.5 billion ($ 5.4 billion), compared to Kroner 28.7 billion.

NAIROBI, Kenya (AP) The African Union special envoy to lead efforts to procure COVID-19 vaccines for the continent blows up Europe as Africa struggles amid a third overwhelming wave of infections. Strive Masiyiwa (stryv mah-SEE’-wah) says no dose, no vial left a European factory for Africa. Masiyiwa also today targeted COVAX’s global effort to distribute vaccines to low- and middle-income countries, accusing COVAX of withholding crucial information, including that major donors had failed to keep their funding pledges. The African continent of 1.3 billion people is now in the throes of a third wave of infections that the African Centers for Disease Control and Prevention describes as extremely aggressive.

WITHOUT DATE (AP) Tom Dundon is now the sole owner of the Carolina Hurricanes after buying out the remaining NHL club shares held by Peter Karmanos and others. The league’s board of governors unanimously approved the deal on Wednesday. Dundon became majority owner in early 2018 when he bought 52% of the Hurricanes and their arena for $ 425 million. Karmanos had owned the team since the move from the Hartford Whalers in 1997. Dundon said Karmamos’ vision laid the foundation for the team’s success.

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