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Asia stocks nudge higher, dollar steady ahead of US inflation report
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Displaced Gaza doctor offers free medical help for children from his tent
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AI frenzy puts Nvidia briefly ahead of Amazon in market value
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World stocks at two-year high, U.S. inflation data in focus
German commercial property prices post biggest-ever drop, data shows
Date: February 12, 2024
German commercial property prices post biggest-ever drop, data shows By Tom Sims FRANKFURT (Reuters) -German commercial property prices fell 12.1% in the final three months of 2023 compared with a year earlier in their biggest-ever drop, the VDP banking association said on Monday, as the nation’s struggling property industry suffers its worst crisis in decades....
Battery maker ACC secures financing for three European factories
Date: February 12, 2024
Battery maker ACC secures financing for three European factories By Gilles Guillaume PARIS (Reuters) – European auto battery manufacturer ACC, co-owned by Stellantis, Mercedes and TotalEnergies, on Monday announced the completion of a major financing round for the development of three “gigafactories” in France, Germany and Italy. The bank financing worth 4.4 billion euros ($4.74...
Novo Nordisk’s controlling shareholder plans to invest up to $7 billion a year by 2030 – FT
Date: February 12, 2024
Novo Nordisk’s controlling shareholder plans to invest up to $7 billion a year by 2030 – FT (Reuters) – Novo Holdings, the controlling shareholder of Danish obesity drugmaker Novo Nordisk, plans to invest up to $7 billion annually by 2030, the Financial Times reported on Monday. Kasim Kutay, chief executive of Novo Holdings, told the...
Google pledges 25 million euros to boost AI skills in Europe
Date: February 12, 2024
Google pledges 25 million euros to boost AI skills in Europe By Martin Coulter LONDON (Reuters) – Google has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had opened applications for social enterprises and nonprofits that...
Oil starts week lower after Israel says ‘concluded’ Gaza strikes
Date: February 12, 2024
Oil starts week lower after Israel says ‘concluded’ Gaza strikes By Sudarshan Varadhan (Reuters) – Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%,...
UK employers plan smaller pay rises for 2024: CIPD
Date: February 12, 2024
UK employers plan smaller pay rises for 2024: CIPD By David Milliken LONDON (Reuters) – British employers plan smaller pay rises over the coming year than they did three months ago, the first such drop in nearly four years, reflecting less willingness to tolerate higher labour costs, a major survey showed on Monday. The figures...