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The case for forever high interest rates
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London stocks muted ahead of more earnings, economic data
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European shares listless as investors brace for inflation test
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In the Market: Financiers fret over ‘leverage on leverage’ in private credit
Japan’s SoftBank swings to quarterly profit, eyes on Arm unit
Date: May 13, 2024
Japan’s SoftBank swings to quarterly profit, eyes on Arm unit By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year, it said on Monday, as the Japanese giant focuses on artificial intelligence to help fuel a return to growth. SoftBank booked a profit...
Germany says cybercrime by foreign actors rose by 28% in 2023
Date: May 13, 2024
Germany says cybercrime by foreign actors rose by 28% in 2023 BERLIN (Reuters) – Cybercrime by foreign perpetrators surged in Germany in 2023, rising by 28% on the previous year, data released on Monday showed, at a time of heightened anxiety in Europe over suspected Russian hackers and spies in the run-up to elections. “The...
Amazon to invest $1.3 billion in France, create 3,000 jobs
Date: May 13, 2024
Amazon to invest $1.3 billion in France, create 3,000 jobs By Supantha Mukherjee STOCKHOLM (Reuters) – Amazon said on Monday it would invest more than 1.2 billion euros ($1.3 billion) in its French operations and create more than 3,000 permanent jobs in the country. The French presidency had said on Sunday that Amazon and other...
UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions
Date: May 13, 2024
UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions (This May 10 story has been corrected to say ‘revenue per advertiser’ forecast, not ‘ad revenue’ forecast, in the headline) By Yamini Kalia and Prerna Bedi (Reuters) – Rightmove cut its annual average advertising revenue forecast as still high mortgage rates weighed on...
Microsoft to invest 4 billion euros in France
Date: May 13, 2024
Microsoft to invest 4 billion euros in France PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual ‘Choose France’ business summit, its vice chair and president Brad Smith told Le Figaro paper. Smith said much of this investment money would focus on...
Floods kill 37 in Indonesia’s West Sumatra, 17 missing
Date: May 13, 2024
Floods kill 37 in Indonesia’s West Sumatra, 17 missing TANAH DATAR (Reuters) – Flash floods and mud slides in Indonesia’s West Sumatra province killed at least 37 people this weekend while the search for 17 missing people is still ongoing, authorities said on Monday. Torrential rain on Saturday evening caused flash floods, landslides, and cold...