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Olympics-Flame arrives in Marseille amid tight security
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UK tells tech firms to ‘tame algorithms’ to protect children
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British pub group JD Wetherspoon expects profit at upper end of market forecast
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Alstom to ask shareholders for $1 billion in rights issue to slash debt
Munich Re Q1 net profit up 68%, in line with preliminary figures
Date: May 8, 2024
Munich Re Q1 net profit up 68%, in line with preliminary figures FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level that was in line with preliminary figures published last month. Net profit in the quarter of 2.140 billion euros ($2.30 billion)...
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
Date: May 8, 2024
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the global telecoms market. While some...
Stocks rally anew on US rate cut hopes; dollar steady
Date: May 7, 2024
Stocks rally anew on US rate cut hopes; dollar steady By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares traded close to one-month highs on Tuesday, boosted by revived optimism that the Federal Reserve cuts U.S. interest rates once if not twice this year, while a weaker yen offset by a stronger euro...
Meta to expand AI image generation offerings for ads
Date: May 7, 2024
Meta to expand AI image generation offerings for ads NEW YORK (Reuters) – Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of generative AI ads products to offer tools that can automatically create variations of images and overlay text atop them. The tool will launch in...
UK’s FTSE 100 notches record closing high in broad rally
Date: May 7, 2024
UK’s FTSE 100 notches record closing high in broad rally By Shubham Batra, Pranav Kashyap and Medha Singh (Reuters) -The UK’s FTSE 100 notched a record closing high on Tuesday in a broad rally as traders returned from a long weekend to price in more interest rate cuts from the Bank of England ahead of...
Race for Europe’s first ‘real-time’ stock trade tape heats up
Date: May 7, 2024
Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street. The United States has long had a ‘consolidated tape’...