Brembo Q1 operating profit rises on record sales
(Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as ..
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Stocks stall near record highs, pound poised for BoE
By Marc Jones LONDON (Reuters) – World stocks were taking a well-earned breather on Thursday after a strong few weeks and ahead..
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Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell
By Jesús Aguado MADRID (Reuters) -Spanish bank BBVA presented a 12.23 billion euro ($13.11 billion) takeover offer for rival Sabadell..
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ITV forecasts 12% jump in Q2 ad revenue on Euros demand
LONDON (Reuters) – Britain’s ITV said its advertising revenue would jump by around 12% in the second quarter, four times ..
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TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper
ROME (Reuters) – The CEO of Telecom Italia (TIM) said in an interview on Thursday he sees potential additional benefits of almo..
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Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey
By Brijesh Patel (Reuters) – The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russi..
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FTSE 100 hits record high, pound slips ahead of BoE verdict
By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -The UK’s FTSE 100 benchmark stock index scaled new highs on Wednes..
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Puma upbeat on growing demand, shares jump
By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its..
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Uber shares tumble as weaker ride-share demand hurts Q2 forecast
By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending ..
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Oil prices rise after US crude stocks fall more than expected
By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw..
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Olympics-Flame arrives in Marseille amid tight security
By Clotaire Achi and Julien Pretot MARSEILLE, France (Reuters) – The Olympic flame landed on French soil amid tight security on..
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UK tells tech firms to ‘tame algorithms’ to protect children
By Paul Sandle LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok will have to “tame” th..
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British pub group JD Wetherspoon expects profit at upper end of market forecast
(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectatio..
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Alstom to ask shareholders for $1 billion in rights issue to slash debt
(Reuters) – French train maker Alstom on Wednesday said it would ask shareholders for around 1 billion euros ($1 billion) throu..
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Munich Re Q1 net profit up 68%, in line with preliminary figures
FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level th..
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Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this..
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Stocks rally anew on US rate cut hopes; dollar steady
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares traded close to one-month highs on Tuesday, boosted by rev..
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Meta to expand AI image generation offerings for ads
NEW YORK (Reuters) – Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite o..
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UK’s FTSE 100 notches record closing high in broad rally
By Shubham Batra, Pranav Kashyap and Medha Singh (Reuters) -The UK’s FTSE 100 notched a record closing high on Tuesday in a bro..
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Race for Europe’s first ‘real-time’ stock trade tape heats up
By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can dee..
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US dollar edges lower but up against yen, Aussie
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar slipped on Tuesday but strengthened against the Japanese yen as expec..
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Apple unveils new AI-focused chip in upgraded iPad Pro
By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as..
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‘Livestream’ shopping thwarts some high-tech tools to stop fake merch
By Arriana McLymore NEW YORK (Reuters) – Livestream shopping where buyers and sellers transact in real-time video is growing in..
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UK construction growth hits 14-month high in April, PMI survey shows
(Reuters) – British construction companies enjoyed their fastest expansion in more than a year during April, despite a further ..
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UBS shares soar as profit smashes forecasts, share buyback plans affirmed
By Noele Illien ZURICH (Reuters) – UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was stickin..
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Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi ..
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People with two copies of a risk gene have genetic form of Alzheimer’s, scientists say
By Julie Steenhuysen CHICAGO (Reuters) -People who carry two copies of the APOE4 gene are virtually guaranteed to develop Alzheimer&#..
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European shares close at highest in a week; Indra surges
By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed at their highest levels in one week on Monday, with investor ..
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Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
(Reuters) -Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet’s Google an..
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Dollar weaker on renewed Fed rate cut hopes; yen wobbles
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index was lower on Monday for a fourth straight session as a softer-than-expected..
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Global shares gain on rate cut bets; yen weakens
By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rose on Monday on optimism that major c..
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ECB grows more confident about cutting rates, policymakers say
By Balazs Koranyi and Francesco Canepa VILNIUS/FRANKFURT (Reuters) -The European Central Bank is growing more confident about cutting..
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Swedish central bank to cut key rate this week, Reuters poll shows
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank will cut its key interest rate this week by a quarter percen..
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Swiss National Bank exploring ways to tokenise financial assets
ZURICH (Reuters) – The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way o..
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Sabadell board meets to consider BBVA’s $13 billion offer, sources say
MADRID (Reuters) -Sabadell’s board was meeting on Monday to discuss an all-share offer from larger Spanish bank BBVA that was wo..
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World shares climb on Fed cut bets, China gains; yen weakens
LONDON (Reuters) -U.S. stocks looked to open higher on renewed bets that the Federal Reserve would likely ease interest rates this yea..
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BioNTech says 90% of 2024 revenues will accrue at end of year
FRANKFURT (Reuters) -Germany’s BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, ..
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