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Consumer Reports finds more lead and cadmium in chocolate, urges change at Hershey
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EU lawmakers make progress in crucial talks on new AI rules – sources
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Stocks struggle as soft earnings compound interest rate headache
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Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients
U.S. dollar gains as risk sentiment sours, Treasury yields rise
Date: October 25, 2023
U.S. dollar gains as risk sentiment sours, Treasury yields rise By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose. Risk sentiment took...
Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO
Date: October 25, 2023
Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO By Ron Bousso LONDON (Reuters) – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday. The staff cuts and...
Dollar rises as US business activity ticks up in October
Date: October 25, 2023
Dollar rises as US business activity ticks up in October By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Tuesday as a slew of fresh economic data highlighted the strength of the U.S. economy relative to the United Kingdom and the European Union. U.S. business output ticked higher...
Bitcoin soars to near 18-month high as ETF speculation mounts
Date: October 24, 2023
Bitcoin soars to near 18-month high as ETF speculation mounts By Tom Wilson and Tom Westbrook LONDON/SINGAPORE/NEW YORK (Reuters) – Bitcoin rose 6% on Tuesday to $35,198, its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent. That followed a 10% surge on Monday, when bitcoin posted its best...
Britain scraps cap on banker bonuses inherited from EU
Date: October 24, 2023
Britain scraps cap on banker bonuses inherited from EU By Huw Jones LONDON (Reuters) -Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020. Britain was outvoted in the EU when the cap was...
Oil prices dip amid flurry of weak European economic data
Date: October 24, 2023
Oil prices dip amid flurry of weak European economic data By Shadia Nasralla LONDON (Reuters) – Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture that could weigh on oil demand. Moving between positive and negative...