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Meta introduces broadcast tool Channels on WhatsApp
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Kremlin again points to ‘Anglo-Saxons’ over Nord Stream pipeline blasts
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End of ‘Zero Covid’ fails to boost German investment in China – survey
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UK regulator expresses concern over Hitachi-Thales rail signal deal
M&G posts net asset management inflows in Q1
Date: June 8, 2023
LONDON (Reuters) – M&G recorded 1 billion pounds ($1.25 billion) of net inflows into its wholesale asset management business in the first quarter, the British insurer said on Thursday, offsetting expected redemptions from institutional clients. The group said net client inflows, excluding Heritage, stood at 0.4 billion pounds, despite redemptions triggered by the ‘mini-budget crisis’...
Marketmind: O Canada! Markets wary of Fed hawkish surprise
Date: June 8, 2023
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After the Reserve Bank of Australia’s surprise earlier this week, it was the Bank of Canada’s turn to stun markets with a 25 basis-point hike that led traders to dial back expectations of the U.S. Federal...
UK self-driving car dreams could break down at the starting line
Date: June 8, 2023
UK self-driving car dreams could break down at the starting line By Nick Carey and Alistair Smout LONDON (Reuters) – Britain could lose out on investments in autonomous vehicles (AVs) and see startups shift testing elsewhere if promised laws to regulate the technology are not passed before the next general election, startups and insurance companies...
Eneco to build 50 MW battery storage plant in Belgium using Tesla batteries
Date: June 7, 2023
AMSTERDAM (Reuters) – Dutch energy company Eneco said on Wednesday it would build a 50 megawatt (MW) battery energy storage project in Belgium using Tesla battery packs, its largest such project to date. The project in Ville-sur-Haine will consist of 53 “Megapack” battery units from Tesla, able to deliver power for 4 hours or 200...
Realtek sues semiconductor rival MediaTek over patent ‘bounty’ agreement
Date: June 7, 2023
Realtek sues semiconductor rival MediaTek over patent ‘bounty’ agreement By Blake Brittain (Reuters) -Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits in the United States to disrupt its business. The...
OECD sees limited growth pick-up as rate hikes weigh
Date: June 7, 2023
OECD sees limited growth pick-up as rate hikes weigh By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The...