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IBM mulls using its own AI chip in new cloud service to lower costs
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Zara owner boosts sustainability goals as fast-fashion feels the heat
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LG Chem raising $2 billion in exchangeable bonds
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Stocks rise, dollar retreats ahead of inflation data
Heathrow passenger numbers near pre-pandemic levels in June
Date: July 11, 2023
Heathrow passenger numbers near pre-pandemic levels in June LONDON (Reuters) – Heathrow Airport, Britain’s busiest, said 7 million passengers traveled through it last month, putting it just below levels recorded before the pandemic, with transatlantic routes driving demand. The monthly figure compares with the pre-pandemic level of 7.2 million passengers in June 2019. (Reporting...
U.S. says to move forward with transfer of F-16 jets to Turkey
Date: July 11, 2023
U.S. says to move forward with transfer of F-16 jets to Turkey VILNIUS (Reuters) – U.S. President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation with Congress, U.S. National Security Adviser Jake Sullivan said on Tuesday. Speaking ahead of a summit of NATO leaders due to start...
Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak
Date: July 11, 2023
Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retailers were once too afraid to raise prices on and paving the way for the central bank to finally...
Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
Date: July 11, 2023
Food prices squeeze consumers in June, hot weather boosts summer spending: BRC By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail Consortium survey showed on Tuesday, but consumers spent less on big-ticket items as high food prices continued to squeeze...
Oil rises on OPEC+ cuts, weaker dollar
Date: July 11, 2023
Oil rises on OPEC+ cuts, weaker dollar By Arathy Somasekhar and Sudarshan Varadhan (Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23 cents,...
Apple opens store on China’s WeChat platform
Date: July 11, 2023
Apple opens store on China’s WeChat platform BEIJING (Reuters) -Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm’s retail channels in the world’s second largest economy. The announcement by WeChat, China’s dominant messaging app which also provides e-commerce, livestreaming...