AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via impro..
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AI likely to weigh on oil prices over the next decade, Goldman says
Dollar rises as traders eye data-heavy week; yen strengthens
By Saqib Iqbal Ahmed and Amanda Cooper NEW YORK (Reuters) – The dollar rose to a two-week high against the euro on Tuesday as ..
Finance
Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll
By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday..
Business
Tennis-Draper carries British hopes into U.S. Open quarters
NEW YORK (Reuters) – Jack Draper said he was thrilled to become the first British man to reach the U.S. Open quarter-finals sinc..
Headlines
Summery weather helps boost UK consumer spending, surveys show
(Reuters) – British consumer spending increased modestly in annual terms during August, fuelled by spending on food and d..
Finance
French finance ministry warns deficit at risk on tax shortfall-media
PARIS (Reuters) – France is at risk of running a substantially bigger budget deficit than planned this year if extra savi..
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Oil edges higher as halted Libyan exports balance expected OPEC+ supply boost
By Nia Williams and Arunima Kumar (Reuters) -Oil prices edged higher on Monday, recovering some losses from late last week, as ..
Finance
BMW worldwide recalling Mini Cooper SE electric models, company says
BERLIN (Reuters) -German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which ..
Business
Oil extends losses on weak China data, prospect of higher OPEC+ supply
By Florence Tan SINGAPORE (Reuters) -Oil prices extended losses on Monday on expectations for higher OPEC+ production starting ..
Finance
Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
By Max A. Cherney and Milana Vinn (Reuters) – Intel CEO Pat Gelsinger and key executives are expected to present a plan l..
Headlines
Intel rises as report of chipmaker exploring options cheers glum investors
(Reuters) -Intel’s shares rose more than 3% in early trading on Friday, as a report of the struggling chipmaker exploring option..
Technology
Oil prices face pressure from slow China demand and inventory rise – Reuters poll
By Anushree Ashish Mukherjee (Reuters) – Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading..
Headlines
US dollar gains as inflation data backs smaller Fed cut
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Friday after data showed a key inflation measure came in lin..
Finance
Sunk superyacht likely to cost insurers at least $150 million, experts say
By Noor Zainab Hussain and Carolyn Cohn LONDON (Reuters) – Insurers of the Bayesian superyacht that sank this month, kill..
News
Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports
(Reuters) – Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn inter..
Technology
World stocks end turbulent month higher as U.S. inflation data looms
By Naomi Rovnick LONDON (Reuters) – Global stocks rose on Friday and were set for a fourth straight month of gains despite a bou..
Finance
Lowest euro zone inflation in 3 years sets up ECB for cut
By Francesco Canepa and Balazs Koranyi FRANKFURT/TALLINN (Reuters) -Inflation in the euro zone fell to its lowest level in three years..
Business
Exclusive-Amazon turns to Anthropic’s Claude for Alexa AI revamp
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon’s revamped Alexa due for release in October ahead of the U.S. holiday s..
Technology
UK film investors aim to revive studio plan amid push for growth
LONDON (Reuters) – Backers of a planned new major British film studio said on Thursday they would seek to revive the proj..
Finance
German inflation falls to 2.0% in August, aiding ECB rate cuts
By Maria Martinez BERLIN (Reuters) – German inflation fell more than expected in August, declining to its lowest level in..
Headlines
Uber invests in UK startup Wayve to speed up self-driving projects
By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Wayve to help the British self-driving technology sta..
Business
Flutter says it will appeal $330 million Georgia ruling
DUBLIN (Reuters) – Irish betting giant Flutter Entertainment said on Thursday it plans to appeal a $330 million ruling ag..
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UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores
LONDON (Reuters) – Britain’s second-largest supermarket group, Sainsbury’s, said on Thursday it had agreed to..
Business
Analysis-Sterling’s stunning rally keeps twitchy currency markets on edge
By Naomi Rovnick LONDON (Reuters) – Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the ..
Finance
Europe shrugs off Nvidia chill to eye record high
By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intel..
Business
Analysis-UK reshapes its AI strategy under pressure to cut costs
By Martin Coulter LONDON (Reuters) – Britain’s Labour government is drawing up a new, cost-cutting artificial intelligence strat..
Technology
Nvidia’s rally takes a break after forecasts leave investors nonplussed
By Noel Randewich, Saqib Iqbal Ahmed and Deborah Mary Sophia (Reuters) – Nvidia shares were down about 2% in early trading on Th..
Technology
EU new car sales flat in July as battery-electric slumps, industry body ACEA says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in F..
Business
Iliad meets goal to become Europe’s 5th largest telecoms operator
By Gianluca Lo Nostro and Stephanie Hamel (Reuters) -France’s Iliad said on Thursday it had reached its goal to become Eu..
Headlines
Aluminium giant Rusal’s first-half profit jumps 42% on strong prices, deliveries
(Reuters) -Russian aluminium giant Rusal reported a 41.6% rise in its first-half adjusted net profit on Thursday, as it managed..
Headlines
HP forecasts downbeat profit as weak PC market, competition weigh
By Juby Babu (Reuters) -HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on ..
Technology
Maersk says ocean shipping’s zero-emissions push needs government support
By Lisa Baertlein LOS ANGELES (Reuters) – The Alette Maersk was the first container vessel powered by low-carbon methanol..
Headlines
Cybercrime and sabotage cost German firms $300 billion in past year
BERLIN (Reuters) – Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in t..
Technology
US dollar advances on month-end demand; focus on economic data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Wednesday due to month-end buying and technical factors afte..
Finance
Lego outperforms toy market with robust sales in Europe and North America
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego’s sales of its colorful plastic bricks outpaced the overall ..
Headlines
Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 mi..
Headlines
Social media platform X back up after brief outage, Downdetector shows
(Reuters) -Social media platform X was back up on Tuesday night after an outage that lasted less than an hour, according to out..
Technology