19 June – 23 June

19 June

Janet Yellen, the Federal Reserve chair, has given new impetus to a simmering debate in central banking, as she declared the question of whether inflation targets should be raised to be one of the most critical facing monetary policymakers anywhere in the world.

Hard commodities were rallying in China on Monday after the head of the country’s securities regulator said it would support investment by wealth management companies in the sector.

More than 11m people have visited Shanghai’s Disney Resort since the $5.5bn park opened a year ago, roughly in line with expectations but providing relief for the company as attendance falls at its other parks worldwide.

Philip Morris International is dreaming of a smoke-free future. The world’s largest publicly traded tobacco company said it will invest $320m and create 500 jobs to build an 80,000 square meter manufacturing plant in Dresden, Germany, which it promises will be high-tech and smoke-free.

20 June

The Germany economy is firing on all cylinders, according to the country’s influential Ifo think-tank, which has delivered a healthy bump to its GDP growth forecasts for the eurozone’s largest economy over the next year, describing it as “strong and stable”.

The head of commodities research at Macquarie has left the bank and joined rival BMO Capital Markets, according to people with knowledge of the situation.

John Mackey, the outspoken founder of Whole Foods Market who recently called an activist investor a “greedy bastard”, has revealed his softer side by describing the “blind date” that led to Amazon’s $13.7bn bid for the upmarket grocer as “love at first sight”.

Holidaymakers who believe they have scored a cheap hire car often end up shocked by the extra charges. But Europcar’s acquisition of a leisure-focused rival should yield no such nasty surprises.

21 June

Over the past 12 months, the outlook for the EU has brightened in a dramatic fashion. A year ago, after the UK’s June 2016 vote to leave the bloc, economists were cutting their forecasts for EU growth. Campaigners for Brexit proclaimed that if the UK had stuck with the bloc it would have been “shackled to a corpse”.

Chipotle recorded its worst one-day fall this year, after a warning over marketing expenses sparked concern among investors that the burrito chain’s profit margins are under pressure.

After a chaotic months-long search for a buyer, Toshiba has picked a consortium led by a Japanese government-backed fund as a preferred bidder for its prized memory chip business.

Apple has fired its latest legal salvo at Qualcomm, broadening its multibillion-dollar battle over wireless chip royalties by attacking the validity of the chipmaker’s patents and leaning on a US Supreme Court decision to support its allegation of “double-dipping”.

22 June

UK funds sold domestic shares at the highest rate on record in the first quarter of the year, replacing them with investments in short-term assets in a possible sign of nerves.

With Travis Kalanick officially ousted from Uber, the transportation company he helped found and grow to a valuation of $62.5bn, he joins an impressive pantheon of abrasive Silicon Valley founders cast out by their boards and investors, including Steve Jobs and Twitter’s Jack Dorsey.

A Nike-Amazon dream team? It could happen, Goldman Sachs analysts said in a note on Wednesday, and the suggestion is already pressuring shares of US sports retailers like Foot Locker and Dicks Sporting Goods.

The debt of low-rated US energy groups came under pressure for the second day in a row on Wednesday, with oil prices coming under renewed strain.

23 June

A gauge of Japan’s manufacturing activity has dipped to a seven-month low as growth in orders and output appeared to decelerate during the month so far.

Stocks in Asia were struggling for traction on Friday and trying to shake off the lead from the US where equities surrendered early gains and finished fractionally lower.

Chinese regulators have ordered three major internet platforms to halt all video and audio streaming services, as the country ramps up its control over online content.

On December 12 1980, an initial public offering of shares in Apple Inc valued the maker of beige desktop computers at $1.7bn. Then, in 1985, co-founder Steve Jobs departed and, over the next 10 years, the maker of his revolutionary but still beige Macintosh computers only increased its value to $3.9bn.