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Analysis-Bruised by stock market, Chinese rush into banned bitcoin
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Olympics-Games cannot be magic wand amid global conflicts, says Paris 2024 boss
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UK still undecided on digital cash as privacy concerns persist
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IKEA sets new targets for emissions cuts as more factories switch to renewable power
Europe will miss 2030 chip market goal, says ASML CEO
Date: January 25, 2024
Europe will miss 2030 chip market goal, says ASML CEO By Toby Sterling AMSTERDAM (Reuters) – Europe will miss its goal of raising its share of the global computer chip market to 20% by 2030 because it is not building manufacturing capacity fast enough, semiconductor equipment maker ASML CEO Peter Wennink said. “It’s totally unrealistic,”...
Oil prices up 1% to 4-week high on big US crude withdrawal, China stimulus
Date: January 24, 2024
Oil prices up 1% to 4-week high on big US crude withdrawal, China stimulus By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 1% to a four-week high on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a drop in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker U.S. dollar. Brent...
British equities hit one-week high as China pledges boost sentiment
Date: January 24, 2024
British equities hit one-week high as China pledges boost sentiment By Sruthi Shankar and Khushi Singh (Reuters) -British equities touched a one-week high on Wednesday, bolstered by China-exposed stocks following measures taken by the Chinese central bank to support the economy, while sterling rallied after a survey hinted at high-for-longer interest rates. The exporter-heavy FTSE...
Stocks climb on positive earnings, economic data; yields dip
Date: January 24, 2024
Stocks climb on positive earnings, economic data; yields dip By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -Global shares rose on Wednesday, fuelled by positive earnings, improving manufacturing data in Europe and the United States and optimism that China will support to its stock markets. U.S. Treasury yields fell as investors awaited the first...
Brit Awards: singer Raye leads nominations with record seven nods
Date: January 24, 2024
Brit Awards: singer Raye leads nominations with record seven nods LONDON (Reuters) – Singer-songwriter Raye led nominations for the BRIT Awards on Wednesday, setting a new record with seven nominations, while the Rolling Stones and Blur were also recognised for Britain’s pop music honours. Raye was nominated in the annual awards’ top categories – artist...
Cars sold as an ‘Italian jewel’ must be made in Italy, PM tells Stellantis
Date: January 24, 2024
Cars sold as an ‘Italian jewel’ must be made in Italy, PM tells Stellantis ROME (Reuters) – A car being sold as an “Italian jewel” needs to be made in Italy, Prime Minister Giorgia Meloni said, telling lawmakers that Fiat’s parent company Stellantis has sometimes made choices which were against the country’s interests. Asked about...