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EU new car sales rise 4.3% in June, industry body ACEA says
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Standard Chartered boosts private bank team with 14 new hires
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BYD to introduce three more car models to Vietnam market
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Asian stocks slide on rising trade tensions, yen climbs
Samsung agrees to acquire British startup Oxford Semantic for AI
Date: July 18, 2024
SEOUL (Reuters) – Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected...
Britain’s new government must act fast to meet 2030 climate target, say advisers
Date: July 18, 2024
By Susanna Twidale LONDON (Reuters) – The new Labour government will have to act fast to get Britain back on track to meet its 2030 climate target, with just a third of the required emission reductions covered by a credible plan, the country’s climate advisers said on Thursday. As part of efforts to reach...
Oil prices gain 2% on big US storage withdrawal, weaker US dollar
Date: July 17, 2024
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. Brent futures rose $1.35, or 1.6%, to $85.08 a barrel by 1:33 p.m. EDT (1733 GMT), while U.S. West...
Factbox-The King’s Speech: A guide to the new UK government’s proposed laws
Date: July 17, 2024
By Andrew MacAskill LONDON (Reuters) -Britain’s new Labour government set out its first package of proposed laws on Wednesday as Prime Minister Keir Starmer tries to deliver on his promise to rebuild the country. The King’s Speech – given by the monarch but written by government ministers – opens the new session of parliament. Below...
Yen jumps on possible intervention, sterling hits one-year high
Date: July 17, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The yen rose sharply on Wednesday in a move that was suspected to be the result of another intervention from Japanese officials to buttress the long-battered currency from multi-decade lows. The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows...
German coalition passes 2025 budget after months of wrangling
Date: July 17, 2024
By Maria Martinez BERLIN (Reuters) -The German cabinet passed its 2025 budget on Wednesday after months of wrangling, even though a 17 billion euro ($18.6 billion) gap between projected spending and revenue has still to be covered. The cabinet also passed an economic package that aims to rev up the euro zone’s biggest economy and...