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
By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) ..
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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 revi..
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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 of..
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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 broa..
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The Rise of Social Entrepreneurship and Its Impact on Society
Introduction Social entrepreneurship has emerged as a powerful force for positive change, blending the innovation and drive of entrepr..
Business
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 deep..
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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 o..
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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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Social entrepreneurship and impact investing
In today’s rapidly evolving global landscape, the concepts of social entrepreneurship and impact investing are not just buzzwor..
Investment
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 ce..
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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 percent..
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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
By Jesús Aguado MADRID (Reuters) -Sabadell’s board was meeting on Monday to discuss an all-share offer from larger Spanish bank..
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World shares climb on Fed cut bets, China gains; yen weakens
By Nell Mackenzie and Rae Wee LONDON (Reuters) -U.S. stocks looked to open higher on renewed bets that the Federal Reserve would like..
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BioNTech says 90% of 2024 revenues will accrue at end of year
By Ludwig Burger FRANKFURT (Reuters) -Germany’s BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used dur..
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Shares in Spain’s Indra surge after net profit rises 40%
By Matteo Allievi (Reuters) -Shares in Spanish defence and technology firm Indra surged on Monday after its net profit rose 40% to 61 ..
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Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
COPENHAGEN (Reuters) -The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industr..
News
Westpac raises share buyback by $661 million even as costs and competition bite
By Sameer Manekar (Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared..
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Analysis-Apple has big AI ambitions – at a lower cost than its rivals
By Stephen Nellis (Reuters) -For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Str..
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Sterling shrugs off local election to focus on US payrolls data
By Joice Alves LONDON (Reuters) – Sterling rose on Friday against a weakening dollar ahead of U.S. jobs data due later in the da..
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Global equity funds attract robust weekly inflows, led by Asia
(Reuters) – Global equity funds experienced renewed interest from investors in the seven days through May 1, buoyed by a surge i..
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Oil prices set for steepest weekly drop in three months
By Ahmad Ghaddar and Deep Kaushik Vakil LONDON (Reuters) -Oil prices steadied on Friday after weaker-than-expected U.S. jobs data, but..
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Dollar drops as employers add fewer jobs than expected in April
By Karen Brettell NEW YORK (Reuters) – The dollar fell to a three-week low against the yen on Friday after data showed that U.S...
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Stocks jump, yields fall on hopes U.S. labor tightness ebbing
By Alden Bentley and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street followed global shares higher on Friday after news that U.S. no..
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Analysis-Traders prep for another round of yen whack-a-mole
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – Japan’s attempts to shore up its currency are putting trading de..
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Oil edges back towards 7-week low after resilient US jobs data
By Robert Harvey and Deep Kaushik Vakil LONDON (Reuters) -Oil edged back towards the previous day’s seven-week low on Thursday,..
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Greek summer wildfire threat nears, outpacing plans to contain it
By Angeliki Koutantou ATHENS (Reuters) – When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes la..
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Euro zone factory activity takes turn for the worse in April, PMI survey shows
By Jonathan Cable LONDON (Reuters) -The downturn in manufacturing activity across the euro zone deepened in April due to crumbling de..
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