Headlines

Apple unveils new AI-focused chip in upgraded iPad Pro

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..

‘Livestream’ shopping thwarts some high-tech tools to stop fake merch

‘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..

UK construction growth hits 14-month high in April, PMI survey shows

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 ..

UBS shares soar as profit smashes forecasts, share buyback plans affirmed

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..

Saudi Aramco maintains $31 billion dividend despite lower Q1 net income

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 ..

People with two copies of a risk gene have genetic form of Alzheimer’s, scientists say

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&#..

European shares close at highest in a week; Indra surges

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..

Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

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..

Dollar weaker on renewed Fed rate cut hopes; yen wobbles

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 ..

Global shares gain on rate cut bets; yen weakens

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..

ECB grows more confident about cutting rates, policymakers say

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 ..

Swedish central bank to cut key rate this week, Reuters poll shows

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..

Swiss National Bank exploring ways to tokenise financial assets

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..

Sabadell board meets to consider BBVA’s $13 billion offer, sources say

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..

World shares climb on Fed cut bets, China gains; yen weakens

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..

BioNTech says 90% of 2024 revenues will accrue at end of year

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..

Shares in Spain’s Indra surge after net profit rises 40%

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 ..

Westpac raises share buyback by $661 million even as costs and competition bite

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..

Analysis-Apple has big AI ambitions – at a lower cost than its rivals

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..

Sterling shrugs off local election to focus on US payrolls data

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..

Global equity funds attract robust weekly inflows, led by Asia

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..

Oil prices set for steepest weekly drop in three months

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..

Dollar drops as employers add fewer jobs than expected in April

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...

Stocks jump, yields fall on hopes U.S. labor tightness ebbing

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..

Analysis-Traders prep for another round of yen whack-a-mole

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..

Oil edges back towards 7-week low after resilient US jobs data

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,..

Greek summer wildfire threat nears, outpacing plans to contain it

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..

Euro zone factory activity takes turn for the worse in April, PMI survey shows

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..

Sterling gives back some Fed-inspired gains, eyes on local elections

Sterling gives back some Fed-inspired gains, eyes on local elections

By Samuel Indyk LONDON (Reuters) – The British pound slipped against the dollar, having risen the day before after the Federal R..

UK set for weak growth and highest inflation in G7, OECD says

UK set for weak growth and highest inflation in G7, OECD says

By Andy Bruce LONDON (Reuters) -Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of ..

European shares struggle for direction in earnings tide, Fed decision

European shares struggle for direction in earnings tide, Fed decision

By Ankika Biswas (Reuters) -European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as i..

Garmin’s Q1 results beat on strong demand for fitness, auto products

Garmin’s Q1 results beat on strong demand for fitness, auto products

(Reuters) -Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited f..

Stocks, dollar dip after data with eyes on Fed

Stocks, dollar dip after data with eyes on Fed

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for the first time in three sessions on Wednesday wh..

Apple set for big sales decline as investors await AI in iPhones

Apple set for big sales decline as investors await AI in iPhones

By Yuvraj Malik (Reuters) – Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chine..

Sterling holds steady as markets await Fed decision

Sterling holds steady as markets await Fed decision

By Harry Robertson LONDON (Reuters) – The pound held steady on Wednesday as traders waited for the Federal Reserve’s inter..

GSK raises profit outlook on strong vaccine, HIV drug sales

GSK raises profit outlook on strong vaccine, HIV drug sales

By Eva Mathews and Maggie Fick (Reuters) -GSK raised its full-year profit forecast on Wednesday on strong demand for its common respir..

AI fuels cloud computing boom for tech giants

AI fuels cloud computing boom for tech giants

By Yuvraj Malik (Reuters) – Three of the Wall Street’s heavyweight technology firms have reported better-than-expected ..