Mindstone announces crowdfunding campaign to democratise access to AI.
LONDON – 8 May 2024: Mindstone, the upskilling platform bridging the gap between the potential and practical use of Artificial I..
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Strategic partnerships for business growth
In today’s fast-paced and ever-evolving business landscape, companies are constantly on the lookout for innovative strategies to..
Business
Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability
PARIS (Reuters) -Novavax on Friday erased doubts about its ability to remain in business and struck a licensing deal worth up to $1.2 ..
Headlines
Retailer Lidl UK raises staff pay for third time in 12 months
LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousand..
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Honda sees full-year profit rising 2.8%
TOKYO (Reuters) – Japan’s Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceed..
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Pandemic treaty talks to the wire, likely to miss first deadline, sources say
By Jennifer Rigby LONDON (Reuters) – Talks to draw up a global pact to help fight future pandemics are likely to miss an initial..
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Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
(Reuters) -Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group’s $39 billion..
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GeoPark to access $500 million from Vitol in return for oil deliveries
(Reuters) – GeoPark has struck a deal to sell a minimum of 20,000 barrels of oil per day to Dutch commodities trading firm Vitol..
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China’s push for greener aluminium hit by erratic rains, power cuts
BEIJING (Reuters) – Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium ..
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Oil hits 1-week high on demand hopes after China, US data
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1% to a one-week high on Thursday after data from China and the U.S. signa..
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Bank of England clears path for its first rate cut since 2020
By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England paved the way on Thursday for the start o..
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STOXX 600 ends at record high; BBVA weighs on Spain
By Ankika Biswas and Johann M Cherian (Reuters) -Europe’s benchmark index inched up to close at a record high on Thursday, drive..
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Stocks gain as European shares hit new highs, dollar slips
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World stocks edged higher on Thursday, helped by surging European sto..
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Europe’s rush for rate cuts shifts global market power away from US
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – The Bank of England has sent a new signal that borrowing costs will fall e..
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Telefonica tops forecast with 79% surge in Q1 profit
MADRID (Reuters) – Spain’s Telefonica beat forecasts with a 79% surge in first-quarter net profit on Thursday as higher fe..
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Leveraging VR for business training and simulations
In an era where technological advancements are not just innovations but necessities, businesses are constantly seeking cutting-edge to..
Technology
Brembo Q1 operating profit rises on record sales
(Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as r..
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Stocks stall near record highs, pound poised for BoE
LONDON (Reuters) – World stocks were taking a well-earned breather on Thursday after a strong few weeks and ahead of a Bank of E..
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Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell
By Jesús Aguado MADRID (Reuters) -Spanish bank BBVA presented a 12.23 billion euro ($13.11 billion) takeover offer for rival Sabadell ..
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ITV forecasts 12% jump in Q2 ad revenue on Euros demand
LONDON (Reuters) – Britain’s ITV said its advertising revenue would jump by around 12% in the second quarter, four times t..
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TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper
ROME (Reuters) – The CEO of Telecom Italia (TIM) said in an interview on Thursday he sees potential additional benefits of almos..
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Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey
By Brijesh Patel (Reuters) – The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia..
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FTSE 100 hits record high, pound slips ahead of BoE verdict
By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -The UK’s FTSE 100 benchmark stock index scaled new highs on Wednesd..
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Puma upbeat on growing demand, shares jump
By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its ..
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Uber shares tumble as weaker ride-share demand hurts Q2 forecast
By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending i..
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Oil prices rise after US crude stocks fall more than expected
By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw ..
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Olympics-Flame arrives in Marseille amid tight security
By Clotaire Achi and Julien Pretot MARSEILLE, France (Reuters) – The Olympic flame landed on French soil amid tight security on ..
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UK tells tech firms to ‘tame algorithms’ to protect children
By Paul Sandle LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok will have to “tame” the..
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British pub group JD Wetherspoon expects profit at upper end of market forecast
(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectation..
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Alstom to ask shareholders for $1 billion in rights issue to slash debt
(Reuters) – French train maker Alstom on Wednesday said it would ask shareholders for around 1 billion euros ($1 billion) throug..
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Personal development tips for business leaders: Unlocking unprecedented growth
In the fast-paced world of business, leaders are constantly in search of strategies and methodologies to enhance their personal growth..
Business
Munich Re Q1 net profit up 68%, in line with preliminary figures
FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level tha..
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Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month,..
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Stocks rally anew on US rate cut hopes; dollar steady
NEW YORK/LONDON (Reuters) -Global shares traded close to one-month highs on Tuesday, boosted by revived optimism that the Federal Rese..
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Meta to expand AI image generation offerings for ads
NEW YORK (Reuters) – Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of..
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UK’s FTSE 100 notches record closing high in broad rally
(Reuters) -The UK’s FTSE 100 notched a record closing high on Tuesday in a broad rally as traders returned from a long weekend t..
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Race for Europe’s first ‘real-time’ stock trade tape heats up
LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool o..
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