Budget crisis shakes industry’s confidence in Germany

Budget crisis shakes industry’s confidence in Germany

German Chancellor Olaf Scholz is flanked by Economy and Climate Minister Robert Habeck and Finance Minister Christian Lindner to comment on the ruling of Germany’s Constitutional court that the government’s re-location of 60 billion euros ($65 billion USD) of unused debt from the pandemic era to climate fund was illegal, in… Acquire Licensing Rights Read … Read more

UK budget winners and losers: the pound, bonds and brewers

UK budget winners and losers: the pound, bonds and brewers

LONDON, Nov 22 (Reuters) – Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were minor. Traders had feared a broader set … Read more

UK Stocks-Factors to watch on March 16

UK Stocks-Factors to watch on March 16

March 16 (Reuters) – Britain’s FTSE 100 index is seen opening up 16 points, or 0.26 percent, on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on * The UK blue chip index closed down 0.6 percent on Tuesday at 6,139.97, hurt by a drop in major mining … Read more

Wall St ends down after recent gains; retailers, tech weak

Wall St ends down after recent gains; retailers, tech weak

Best Buy down on weak outlook Kohl’s slips on quarterly sales miss NEW YORK, Nov 21 (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed … Read more

China warns Argentina severing ties would be ‘serious mistake’

China warns Argentina severing ties would be ‘serious mistake’

China’s foreign ministry spokesperson Mao Ning attends a press conference in Beijing, China July 26, 2023. REUTERS/Tingshu Wang/File photo Acquire Licensing Rights BEIJING, Nov 21 (Reuters) – China said on Tuesday it would be a “serious mistake” if Argentina were to cut ties, after the weekend presidential election victory in the South American country of … Read more

GM’s Cruise robo-taxi CEO resigns from company

GM’s Cruise robo-taxi CEO resigns from company

Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File Photo Acquire Licensing Rights Nov 19 – The CEO of General Motors’ robot-taxi unit Cruise, … Read more

Ousted OpenAI CEO Altman planning new AI venture, sources say

Ousted OpenAI CEO Altman planning new AI venture, sources say

Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing Rights Nov 18 (Reuters) – Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to … Read more

China to allow road trials of intelligent connected vehicles

China to allow road trials of intelligent connected vehicles

BEIJING, Nov 17 (Reuters) – China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world’s largest auto market has set its long-term strategic focus on ICVs in a push to become the leading global player in the still nascent industry. The trials … Read more

Amazon cuts games unit jobs in broader restructuring

Amazon cuts games unit jobs in broader restructuring

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol Acquire Licensing Rights Nov 13 (Reuters) – Amazon.com (AMZN.O) has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital … Read more

Cameron returns to UK government as foreign secretary, Braverman sacked

Cameron returns to UK government as foreign secretary, Braverman sacked

Former PM’s shock return divides party Braverman’s exit follows her criticism of London police PM Sunak trying to appease traditional supporters Braverman criticised police over pro-Palestinian protests LONDON, Nov 13 (Reuters) – British Prime Minister Rishi Sunak brought back former leader David Cameron as foreign minister on Monday in a reshuffle triggered by his firing … Read more