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Russia’s Gazprom Neft Q2 net profit falls 43% y/y
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Shell taps Goldman Sachs to explore Singapore refinery sale -sources
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UK stocks rise as weak factory data prompts rethink of peak rates
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Reactions as India’s Chandrayaan-3 makes historic moon landing
Germany plans to double AI funding in race with China, U.S
Date: August 23, 2023
Germany plans to double AI funding in race with China, U.S BERLIN (Reuters) – Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap with sector leaders China and the United States. The target, announced...
Factory slump and cost-of-living squeeze puts UK economy on course to shrink
Date: August 23, 2023
Factory slump and cost-of-living squeeze puts UK economy on course to shrink By David Milliken LONDON (Reuters) -Britain’s economy looks on course to shrink during the current quarter and risks falling into a recession, as a survey on Wednesday showed a slump in factory output and broader weakness in the face of higher interest rates....
Britain’s Ocado Retail and Sainsbury’s cut prices again
Date: August 23, 2023
Britain’s Ocado Retail and Sainsbury’s cut prices again By James Davey LONDON (Reuters) -British food retailers Ocado Retail and Sainsbury’s cut more prices on Wednesday, in a further sign that UK food price inflation will continue its downward trajectory and relieve some of the pressure on consumers. Ocado Retail, a 50/50 online supermarket joint venture...
Euro falls on gloomy PMI data, dollar hits 2-month high
Date: August 23, 2023
Euro falls on gloomy PMI data, dollar hits 2-month high By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The euro fell to a more than two-month low against the dollar and a 12-month low against the pound on Wednesday after survey data showed German and euro area business activity slumped by more than expected...
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
Date: August 23, 2023
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR LONDON (Reuters) – Pay deals awarded by British employers cooled for the first time this year in the quarter to July, which may calm the worries of Bank of England officials who fear wage growth is feeding inflation, a survey showed...
Analysis-Arm’s clients turn IPO into tug of war for chip influence
Date: August 23, 2023
Analysis-Arm’s clients turn IPO into tug of war for chip influence By Milana Vinn, Anirban Sen and Stephen Nellis NEW YORK/SAN FRANCISCO (Reuters) – A scramble among Arm Holdings Ltd’s clients, comprising the world’s biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer’s adherence to not...