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Norway’s Schibsted to cut 250 jobs in cost drive
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YouTube tests context ‘notes’ feature for videos
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Analysis-Global central banks recalibrate as the big policy easing of 2024 fizzles
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Analysis-French election worries rekindle market memories of UK budget rout
Wall St dips and gold surges, capping a tumultuous week
Date: June 14, 2024
Wall St dips and gold surges, capping a tumultuous week By Stephen Culp NEW YORK (Reuters) -U.S. stocks dipped and gold surged on Friday at the conclusion of a week fraught with the apparent contradiction of cooling economic data and a hawkish Federal Reserve. Benchmark U.S. Treasury yields extended their slide, while the dollar gained...
Election concerns in France give euro worst week in two months
Date: June 14, 2024
Election concerns in France give euro worst week in two months By Karen Brettell (Reuters) -The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concerns that a new government will worsen France’s fiscal situation as a snap parliamentary election approaches. The yen hit a six-week...
G7 vows to drop fossil fuels faster, but activists unimpressed
Date: June 14, 2024
G7 vows to drop fossil fuels faster, but activists unimpressed By Crispian Balmer BORGO EGNAZIA, Italy (Reuters) -Leaders of the Group of Seven developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their summit in...
Microsoft to invest $7.16 billion in new data centres in northeastern Spain
Date: June 14, 2024
Microsoft to invest $7.16 billion in new data centres in northeastern Spain MADRID (Reuters) – Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud computing hub within Europe. Aragon’s regional government said the U.S. tech giant had applied...
Exclusive-Vodafone looks to sell $2.3 billion stake in India’s Indus Towers, sources say
Date: June 14, 2024
Exclusive-Vodafone looks to sell $2.3 billion stake in India’s Indus Towers, sources say By M. Sriram MUMBAI (Reuters) – Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, part of the British firm’s effort to repay...
Swedish May inflation above forecast but more rate cuts expected
Date: June 14, 2024
Swedish May inflation above forecast but more rate cuts expected By Simon Johnson STOCKHOLM (Reuters) – The pace of Swedish inflation was higher than expected in May, data showed on Friday, but analysts said they saw inflation tracking down in the months ahead and that the central bank would continue to ease policy after a...