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AI fuels cloud computing boom for tech giants
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Britain’s Next keeps profit guidance after first-quarter sales rise
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US spending on London real estate rebounds to highest in eight years
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Extreme heat shuts schools for millions, widening learning gaps worldwide
Sensodyne-maker Haleon posts tepid sales as demand for some products cool off
Date: May 1, 2024
Sensodyne-maker Haleon posts tepid sales as demand for some products cool off (Reuters) -Consumer healthcare company Haleon reported first-quarter revenue slightly below market estimates on Wednesday, as volumes declined due to retailer destocking in U.S. and cooling demand for some of its medicines after a surge last year. The maker of popular household products such...
Investors scour the globe for shelter as Wall Street shakes
Date: May 1, 2024
Investors scour the globe for shelter as Wall Street shakes By Naomi Rovnick LONDON (Reuters) – Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised. April was...
US spending on London real estate rebounds to highest in eight years
Date: May 1, 2024
US spending on London real estate rebounds to highest in eight years By Iain Withers LONDON (Reuters) – U.S. investors are buying up London commercial property at the fastest rate in eight years, data compiled by BNP Paribas’s real estate arm showed, lured by signs the market in Britain is recovering faster than the harder-hit...
Microsoft to open first regional data centre in Thailand
Date: May 1, 2024
Microsoft to open first regional data centre in Thailand BANGKOK (Reuters) -Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services. The news comes a day after Chief Executive Satya Nadella announced investments worth $1.7 billion investments in artificial intelligence...
McDonald’s posts rare profit miss as customers turn picky
Date: April 30, 2024
McDonald’s posts rare profit miss as customers turn picky By Savyata Mishra (Reuters) -McDonald’s missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain’s international sales. Global comparable sales growth slid for the fourth straight quarter to...
Euro zone inflation steady in April, reinforcing ECB rate cut case
Date: April 30, 2024
Euro zone inflation steady in April, reinforcing ECB rate cut case FRANKFURT (Reuters) – Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressures slowed, solidifying an already strong case for the European Central Bank to cut interest rates in June. The ECB all but promised a rate...