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UK online sales to grow 2.7% in Christmas shopping season -Adobe report
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London stocks flat as life insurance losses offset retailers’ gains
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Jewellery maker Pandora raises sales forecast after Q3 profit beat
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Continental hikes car market forecast, warns on 2024 outlook
Bank of Spain governor warns of risks of extending bank windfall tax
Date: November 8, 2023
Bank of Spain governor warns of risks of extending bank windfall tax MADRID (Reuters) – Any potential extension of the current Spanish windfall tax on banks should take into account the preservation of financial stability and correct transmission of monetary policy, Bank of Spain Governor Pablo Hernandez de Cos said on Wednesday. His comments come...
Dollar rebound extends for third day before Fed’s Powell speech
Date: November 8, 2023
Dollar rebound extends for third day before Fed’s Powell speech By Samuel Indyk LONDON (Reuters) -The dollar’s rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes, as traders looked to a speech from Chair Jerome Powell on the central bank’s future policy path....
UK’s M&S cautious on 2024 outlook after first-half profit beats expectations
Date: November 8, 2023
UK’s M&S cautious on 2024 outlook after first-half profit beats expectations By James Davey LONDON (Reuters) – British retailer Marks & Spencer reported a much better-than-expected 75% rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic weather and geopolitical events may soon weigh on shoppers. After more...
Amazon dedicates team to train ambitious AI model codenamed ‘Olympus’ -sources
Date: November 8, 2023
Amazon dedicates team to train ambitious AI model codenamed ‘Olympus’ -sources By Krystal Hu (Reuters) – Amazon is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet, two people familiar with the matter told Reuters. The model, codenamed as “Olympus”, has 2 trillion parameters,...
Bank of England central counterparty stress tests confirm resilience
Date: November 8, 2023
Bank of England central counterparty stress tests confirm resilience LONDON (Reuters) – The Bank of England on Wednesday said results of stress tests on central counterparties (CCPs) showed continued resilience at the businesses, which help clear and settle trades in financial instruments and commodities essential for the global economy. “The results confirm the continued resilience...
South Korea’s Yoon to attend APEC summit, visit Europe
Date: November 8, 2023
South Korea’s Yoon to attend APEC summit, visit Europe SEOUL (Reuters) – South Korean President Yoon Suk Yeol will attend the APEC summit in San Francisco on Nov. 15-18, Yoon’s office said on Wednesday. After the U.S. trip, Yoon is set to pay a state visit to Britain on Nov. 20-23 following an invitation from...