top-stories
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Yen firms after revisions to Japan GDP; bitcoin hits new record
Top Stories
Primark to raise UK store workers’ pay by 9.1%
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Bitcoin hits record above $71,000 as demand frenzy intensifies
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France eyes boost for private equity, banking
Vinyl revival rocks Britain’s inflation basket
Date: March 11, 2024
Vinyl revival rocks Britain’s inflation basket By David Milliken LONDON (Reuters) – Vinyl records will re-enter Britain’s inflation charts for the first time in 32 years this month, as part of the annual shake-up of the basket of goods and services used to calculate the pace of price rises. The change in the Office for...
Reddit targets up to $6.4 billion valuation in much-awaited US IPO
Date: March 11, 2024
Reddit targets up to $6.4 billion valuation in much-awaited US IPO By Niket Nishant, Manya Saini and Echo Wang (Reuters) -Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts...
Analysis-AI talent war heats up in Europe
Date: March 11, 2024
Analysis-AI talent war heats up in Europe By Martin Coulter LONDON (Reuters) – An influx of artificial intelligence (AI) startups is heating up the battle for technical talent in Europe, leaving companies like Google DeepMind to choose between paying big or losing out on the region’s best minds. The runaway success of OpenAI’s ChatGPT has...
Bitcoin rises after rapid climb to new record
Date: March 8, 2024
Bitcoin rises after rapid climb to new record By Amanda Cooper and Rae Wee LONDON/SINGAPORE (Reuters) -Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almost 10% as crypto mania continued to sweep through the investment community. Bitcoin rose by as much as 6.8% to a session high of $67,645, after having dropped...
Explainer-Olympics-How France plans to use AI to keep Paris 2024 safe
Date: March 8, 2024
Explainer-Olympics-How France plans to use AI to keep Paris 2024 safe By Juliette Jabkhiro and Julien Pretot PARIS (Reuters) – France tested Artificial Intelligence-driven video surveillance technology that will be deployed during the Olympic Games at a Depeche Mode concert this week, calling the exercise a success. French legislation passed in 2023 permits the use...
Stocks at record highs as US data leaves June Fed cut bet intact
Date: March 8, 2024
Stocks at record highs as US data leaves June Fed cut bet intact By Alden Bentley and Huw Jones NEW YORK/LONDON (Reuters) -Investors stretched record-breaking stock rallies on Friday and favored U.S. Treasuries to push yields to their lowest in a month after not-too-hot, not-too-cold U.S. jobs data secured the conviction that the Federal Reserve...