Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent i..
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Dollar slides after US inflation meets expectations in April
By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2..
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Oil set for weekly loss ahead of OPEC+ meeting
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on S..
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Stocks lose steam after U.S. data
By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed ..
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European shares rise after US inflation data keeps Fed rate cut hopes alive
By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of int..
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London stocks end higher for third month
By Pranav Kashyap and Purvi Agarwal (Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as inv..
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Nvidia set to overtake Apple as world’s second-most valuable company
(Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest beneficiary of the..
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EU approves Italian aid for $5.4 billion STMicro chip plant
By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to bui..
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German retail sales fall more than expected in April
(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..
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Renault, Geely create joint venture for hybrid, combustion engines
(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..
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Investors hold their breath for inflation data
A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports f..
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Analysis-Aircraft shortages turn into cash bonanza for some airlines
CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers t..
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India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domesti..
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Stocks regain some ground, bonds steady after rate angst sell-off
By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..
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Britain’s creaking power grid leaves green energy revolution adrift
PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry t..
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Battle over power pylons highlights Britain’s net zero challenge
WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field because of a British ..
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Sneaker maker Golden Goose aims to list in Milan in June
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June. ..
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Airline SAS posts bigger Q2 loss, eyes end to restructuring
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..
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German inflation higher than expected ahead of ECB rates decision
By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increa..
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Global unemployment to slightly fall in 2024, UN labour body says
By Matteo Allievi (Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as i..
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Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar
LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United ..
Finance
China’s Geely to launch hybrids with more fuel-efficient engines
SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first..
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German consumer sentiment recovers further heading into June
BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened ..
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Uber to offer Seine cruises, day trips in Paris during Olympics rush
(Reuters) – Uber Technologies unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river a..
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BYD unveils new hybrid tech as battle with gasoline rivals heats up
SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cos..
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Hess shareholders sign off on $53 billion sale to Chevron
By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the..
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Global equity index dips as investors await inflation prints
NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a mixed bag and the benchmark Tr..
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Dollar slips ahead of data, set for first monthly drop in 2024
(Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that cou..
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Mosaic Data Science’s Neural Search Solution Named the Top Insight Engine of 2024 by CIO Review
In a significant acknowledgment of its pioneering efforts in the realm of insight engines, Mosaic Data Science has been recognized as ..
Technology
What is OPEC+ and how does it affect oil prices?
DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectivel..
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Oil edges higher after inflation gloom hit prices
LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation c..
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Dollar holds firm as traders trim US rate cut bets
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The dollar was set for its largest weekly rise in a month-and-a..
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Wall St rallies, Treasury yields steady ahead of holiday weekend
By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded and Treasury yields paused in the wake of upbeat economic data on Fr..
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UK commercial property values stabilising despite offices drag, says British Land
LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to stabilise after a torrid period for real esta..
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Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review
The data science consultancy is honored to have received this recognition for the second consecutive year. Leesburg, VA – May 14, 202..
Technology
Stellantis CEO: electric vehicle tariffs are a trap
MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of sig..
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Analysis-Europe stock pickers go old-school to ride the next wave in AI
By Lucy Raitano LONDON (Reuters) – European stock pickers are turning to more established sectors like utilities, professiona..
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