Explainer-How Germany’s hydrogen economy could transform energy use
By Vera Eckert FRANKFURT (Reuters) – German utility EnBW this week pledged 1 billion euros ($1.08 billion) to build pipelines to..
NEWS
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German, French companies less hopeful over economic recovery
By Francesco Canepa and Maria Martinez FRANKFURT/BERLIN (Reuters) – Companies in the euro zone’s two largest economies are..
NEWS
Nvidia supplier SK Hynix posts 6-year high profit on AI boom
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursda..
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Major Chinese banks cut deposit rates after reduction in lending rates
BEIJING/SHANGHAI (Reuters) -Five of China’s major state-owned banks said on Thursday they would cut deposit rates, days after th..
NEWS
Ford profit disappoints, stock falls 11% as quality issues dog automaker
By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker cont..
NEWS
UK car output logs fourth consecutive monthly fall in June, data shows
(Reuters) – UK’s car output fell for the fourth consecutive month in June, as more manufacturers wound down old models and..
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Reckitt to offload homecare brands, consider nutrition options
By Agata Rybska (Reuters) – Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio ..
NEWS
As losses mount, CrowdStrike says bug in quality-control process led to botched update
By James Pearson LONDON (Reuters) -A software bug in CrowdStrike’s quality-control system caused the software update that crashe..
NEWS
German cabinet agrees to expand tax relief to boost economy
By Christian Kraemer BERLIN (Reuters) -Germany’s cabinet agreed on Wednesday to increase tax relief for companies and households..
NEWS
Justin Wilmot Redefines Real Estate Success Through the ’10 Hour Deals’ Strategy
Justin Wilmot has transformed from a stressed-out house flipper to a relaxed lifestyle entrepreneur, challenging conventional wisdom a..
INVESTING
Rheinmetall’s profit doubles as defence spending surges
By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quart..
NEWS
Meta unveils biggest Llama 3 AI model, touting language and math gains
By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligenc..
NEWS
Oil prices rise as US crude, fuel inventories seen shrinking
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling..
NEWS
Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) -Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Str..
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Britain’s gas network ready for hydrogen fuel, report says
LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, ..
NEWS
UK pay settlements hold at 4.9% in three months to June
By David Milliken LONDON (Reuters) – British employers offered average annual pay settlements of 4.9% in the three months to Jun..
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Visa reports rare quarterly revenue miss, shares drop
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the w..
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Porsche cuts forecasts due to alloy shortage, shares fall
By Victoria Waldersee (Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply sh..
NEWS
GM beats quarterly expectations and raises forecast, but shares dive
By Nora Eckert DETROIT (Reuters) -General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street’s e..
NEWS
Digesting Biden exit, markets focus on earnings, data
By Yoruk Bahceli and Tom Westbrook (Reuters) -World markets steadied on Tuesday as investors looked beyond Joe Biden’s exit from..
NEWS
Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results
ZURICH (Reuters) -Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, encouraged by ..
NEWS
Aussie, kiwi dollars struggle on China’s rate cuts; dollar adrift
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China&#..
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TotalEnergies Texas refinery returns to normal operation, sources say
HOUSTON (Reuters) – TotalEnergies’ 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery returned to normal operation o..
NEWS
Google scraps plan to remove cookies from Chrome
(Reuters) – Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to ..
NEWS
UK Conservative Party to announce new leader on Nov. 2
LONDON (Reuters) -Britain’s Conservative Party said on Monday it will name its new leader on Nov. 2, following the party’s..
NEWS
German software maker SAP’s quarterly cloud revenue leaps 25%
(Reuters) -Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for ..
NEWS
Galp’s quarterly profit up 16% and Namibia oil in focus
By Sergio Goncalves LISBON (Reuters) -Portugal’s Galp Energia reported on Monday a 16% rise in second-quarter net profit, beatin..
NEWS
British royals release photo of Prince George to mark eleventh birthday
LONDON (Reuters) – Britain’s Prince George turned eleven on Monday, with Kensington Palace publishing a new photogr..
NEWS
Artist swaps British Museum coin with fake
By Hani Richter (Reuters) – A Brazilian conceptual artist swapped a historic British coin for a fake in the British Museum to hi..
NEWS
China surprises with cuts to key rates to support weak economy
SHANGHAI (Reuters) -China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in eff..
NEWS
Xpeng, Volkswagen set up project house to roll out new EV architecture
(Reuters) -Chinese electric vehicle (EV) maker Xpeng has established project houses for engineers in partnership with German automaker..
NEWS
Aviation summit opens amid jet shortages, supply chain turbulence
Aviation summit opens amid jet shortages, supply chain turbulence By Joe Brock and Tim Hepher FARNBOROUGH, England (Reuters) – A..
NEWS
Dollar eases as Biden ends reelection bid; yuan steady after rate cut
By Kevin Buckland TOKYO (Reuters) – The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decis..
NEWS
CrowdStrike says significant number of outage-affected devices back up
(Reuters) – Cybersecurity firm CrowdStrike said on Sunday that a significant number of the 8.5 million Microsoft devices that we..
NEWS
Elmira Mamleeva: Transforming Digital Banking and Finance
Elmira Mamleeva July 19, 2024 By Maria Williams The banking sector has gone through a dynamic change over the last two dec..
FINANCE
Optimising Your Supply Chain for Cost Savings
In today’s competitive business environment, optimising your supply chain for cost savings is essential for maintaining profitab..
BUSINESS
The Rise of ZeroGPT and “This Person Does Not Exist”
In the ever-evolving landscape of artificial intelligence, two terms have recently caught the public’s attention: ZeroGPT and &#..
TECHNOLOGY