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
(Reuters) – The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia return to normal..
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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 Wednes..
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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 ..
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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
MARSEILLE, France (Reuters) – The Olympic flame landed on French soil amid tight security on Wednesday, firing the starting gun ..
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UK tells tech firms to ‘tame algorithms’ to protect children
LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok will have to “tame” their algorithms t..
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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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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 th..
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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
By Shubham Batra, Pranav Kashyap and Medha Singh (Reuters) -The UK’s FTSE 100 notched a record closing high on Tuesday in a bro..
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Race for Europe’s first ‘real-time’ stock trade tape heats up
By Huw Jones LONDON (Reuters) – Banks and asset managers are vying with Europe’s exchanges to develop technology that can dee..
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US dollar edges lower but up against yen, Aussie
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar slipped on Tuesday but strengthened against the Japanese yen as expec..
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Apple unveils new AI-focused chip in upgraded iPad Pro
By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as..
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‘Livestream’ shopping thwarts some high-tech tools to stop fake merch
By Arriana McLymore NEW YORK (Reuters) – Livestream shopping where buyers and sellers transact in real-time video is growing in..
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UK construction growth hits 14-month high in April, PMI survey shows
(Reuters) – British construction companies enjoyed their fastest expansion in more than a year during April, despite a further ..
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UBS shares soar as profit smashes forecasts, share buyback plans affirmed
By Noele Illien ZURICH (Reuters) – UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was stickin..
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Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
DUBAI (Reuters) -Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its sh..
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People with two copies of a risk gene have genetic form of Alzheimer’s, scientists say
By Julie Steenhuysen CHICAGO (Reuters) -People who carry two copies of the APOE4 gene are virtually guaranteed to develop Alzheimer&#..
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European shares close at highest in a week; Indra surges
By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed at their highest levels in one week on Monday, with investor ..
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Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
(Reuters) -Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet’s Google an..
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Dollar weaker on renewed Fed rate cut hopes; yen wobbles
NEW YORK (Reuters) -The dollar index was lower on Monday for a fourth straight session as a softer-than-expected U.S. jobs report last..
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Global shares gain on rate cut bets; yen weakens
NEW YORK/LONDON (Reuters) -A gauge of global stock markets rose on Monday on optimism that major central banks will cut interest rates..
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ECB grows more confident about cutting rates, policymakers say
VILNIUS/FRANKFURT (Reuters) -The European Central Bank is growing more confident about cutting interest rates as euro zone inflation c..
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Swedish central bank to cut key rate this week, Reuters poll shows
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank will cut its key interest rate this week by a quarter percen..
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Swiss National Bank exploring ways to tokenise financial assets
ZURICH (Reuters) – The Swiss National Bank is examining the best way that financial assets can be digitally tokenised as a way ..
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Sabadell board meets to consider BBVA’s $13 billion offer, sources say
MADRID (Reuters) -Sabadell’s board was meeting on Monday to discuss an all-share offer from larger Spanish bank BBVA that was wo..
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World shares climb on Fed cut bets, China gains; yen weakens
LONDON (Reuters) -U.S. stocks looked to open higher on renewed bets that the Federal Reserve would likely ease interest rates this yea..
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BioNTech says 90% of 2024 revenues will accrue at end of year
FRANKFURT (Reuters) -Germany’s BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, ..
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Shares in Spain’s Indra surge after net profit rises 40%
By Matteo Allievi (Reuters) -Shares in Spanish defence and technology firm Indra surged on Monday after its net profit rose 40% to 61..
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The role of fintech in streamlining international money transfers
The financial technology (fintech) sector has revolutionized many aspects of banking and personal finance, with one of its most signi..
Finance
Westpac raises share buyback by $661 million even as costs and competition bite
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend..
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Analysis-Traders prep for another round of yen whack-a-mole
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – Japan’s attempts to shore up its currency are putting trading de..
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