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Nissan to end vehicle production at Wuhan plant-Yomiuri
Published: April 26, 2025 03:53
Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends March 31, 2026, the Yomiuri newspaper reported citing sources it did not identify.
Elon Musk's xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports
Published: April 26, 2025 01:58
Elon Musk's xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
Unilever says it didn't seek Ben & Jerry's CEO ouster, urges lawsuit be dismissed
Published: April 25, 2025 23:50
Unilever on Friday rejected the claim it tried to oust former Ben & Jerry's chief executive Dave Stever for supporting his company's progressive social activism, saying it offered him a bigger role and more pay but he chose to resign.
US and EU not close to deal on tariffs - EU's Dombrovskis
https://www.reuters.com/world/china/us-eu-not-close-deal-tariffs-eus-dombrovskis-2025-04-25/
Published: April 25, 2025 22:57
The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of tariffs on each other's goods, EU Economic Commissioner Valdis Dombrovskis said on Friday.
Loeb's Third Point builds stake in Band-Aid maker Kenvue
Published: April 25, 2025 22:16
Billionaire investor Daniel Loeb's hedge fund Third Point is building a stake in Kenvue , sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer healthcare company.
World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
Published: April 25, 2025 22:09
Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank's chief economist.
Germany's Evonik to pause acquisitions for two years, CEO says
https://www.reuters.com/en/germanys-evonik-pause-acquisitions-two-years-ceo-says-2025-04-25/
Published: April 25, 2025 22:03
German chemicals maker Evonik plans to pause acquisitions for the next two years as it focuses on the largest restructuring in the company's history, its CEO was quoted on Saturday as saying.
Starbucks union rejects company's recent offer of at least 2% annual pay raise
Published: April 25, 2025 21:19
Starbucks union delegates involved in contract bargaining voted to reject the coffee chain's latest proposal that guaranteed annual raises of at least 2%, Workers United said.
Nike sued over closure of crypto business
Published: April 25, 2025 21:03
Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed the business that created those assets.
JPMorgan survey shows consensus over weak dollar, US stagflation
https://www.reuters.com/business/global-markets-survey-2025-04-25/
Published: April 25, 2025 21:00
There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday.
Exclusive: Barrick Gold contractors in Mali lay off staff amid government dispute
Published: April 25, 2025 20:54
At least four subcontractors employing several hundred people at Barrick Gold's complex in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according to documents seen by Reuters and people familiar with the…
Former Fed governor Warsh blasts US central bank for leaving its lane
Published: April 25, 2025 20:35
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for…
Fed survey finds global trade fight, policy uncertainty top financial stability risks
Published: April 25, 2025 20:06
Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
IMF policy committee underscores trade risks to global economy, commits to Fund's role
Published: April 25, 2025 20:02
International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling uncertainty as well as market and financial stability risks, but reaffirmed their commitment to the institution as critical to helping…
China criticizes US for 'recent abuse' of tariffs
https://www.reuters.com/world/china/china-criticizes-us-recent-abuse-tariffs-2025-04-25/
Published: April 25, 2025 19:23
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
Wall St Week Ahead Big tech earnings, US jobs data highlight busy week for markets
Published: April 25, 2025 19:13
A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time.
California proposes to allow self-driving heavy-duty truck testing
Published: April 25, 2025 18:46
The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.
Colombia's central bank expected to hold rates despite government pressure: Reuters poll
Published: April 25, 2025 18:43
Colombia's central bank should leave its benchmark interest rate unchanged in its meeting next week, a Reuters poll predicted on Friday, as inflation is expected to remain above target amid global trade uncertainty and weak public finances.
Germany likely to ask for EU leeway on defence spending, finance minister says
Published: April 25, 2025 18:25
Germany is likely to ask the European Commission for an exemption from European Union borrowing limits to increase defence spending in coming years without breaking EU rules, German Finance Minister Joerg Kukies told Reuters on Friday.
EU's Dombrovskis says he held 'cordial and candid' meeting with Scott Bessent
Published: April 25, 2025 18:23
The European Union's economy commissioner Valdis Dombrovskis said on Friday he had held a 'cordial and candid' meeting with United States Treasury Secretary Scott Bessent, and reiterated the EU wanted a mutually agreeable deal regarding U.S. tariffs.
Latam, Caribbean slow growth has downside risks, says IMF
Published: April 25, 2025 18:02
Economic growth in Latin America and the Caribbean is expected to slow this year partly weighed by political and trade uncertainty and the impact of tariffs, an IMF official said on Friday.
'Extraordinary conflict of interest': Warren asks for SEC records of Trump Media's investment products
Published: April 25, 2025 17:45
Democratic Senator Elizabeth Warren asked the U.S. Securities regulator on Friday to share its plans for regulating exchange-traded funds due to be launched by a company founded and majority-owned by President Donald Trump.
Chilean miner Codelco's pre-tax profit tumbles on FX effects
Published: April 25, 2025 17:41
Chilean miner Codelco, the world's largest copper producer, on Friday reported a slight bump in production in the first quarter, though the boost was not enough to offset exchange-rate effects, which caused its profits to tumble.
UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
Published: April 25, 2025 17:28
British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion).
Yen, BOJ's rate policy may remain focus in Japan-US trade talks
Published: April 25, 2025 17:25
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader…
French munitions firm Europlasma to take over former Renault foundry
Published: April 25, 2025 17:15
France's Europlasma said on Friday its offer for a foundry in Brittany, formerly owned by automaker Renault , had been accepted by a court overseeing the insolvent plant, and that it would diversify production into the defence sector and other industries.
Shareholders approve Carrefour bid to take Brazil unit private
Published: April 25, 2025 16:31
Shareholders in Carrefour's Brazil unit, Atacadao SA , voted to take it private after a bid by the French retailer to do so, according to a securities filing on Friday.
EU will 'leave no stone unturned' to reduce trade-related uncertainty, Ireland's Donohue says
Published: April 25, 2025 16:15
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
Trump tariffs likely to push down UK inflation, BoE's Greene says
Published: April 25, 2025 15:54
Bank of England policymaker Megan Greene said U.S. President Donald Trump's tariffs would probably lead to lower rather than higher inflation in Britain but big uncertainties remained about the plan and the impact of a recent UK tax hike for employers.
Brazil's Vale sees no material impacts from trade war so far
Published: April 25, 2025 15:50
Brazilian miner Vale said on Friday that it has so far not seen a material impact from the ongoing global trade war on its operations and sales, but vowed to keep monitoring it closely amid uncertain market conditions.
India's IREDA files complaint against Gensol over alleged document fraud
Published: April 25, 2025 15:43
Indian state-owned renewables lender filed a complaint with the Economic Offences Wing (EOW) against Gensol Engineering and begun an internal review over an alleged submission of falsified documents, it said on Friday.
Bulgaria signs deal with Alstom for electric trains supply
Published: April 25, 2025 15:15
Bulgaria signed a one billion lev ($580.65 million) contract with French train maker Alstom for the delivery of electric trains to reduce the carbon footprint of its railway transportation sector, the government said on Friday.
Germany's fiscal shift will offset trade drag starting in 2026, IMF official says
Published: April 25, 2025 15:12
Germany's fiscal expansion will boost its economy starting in 2026 after years of weak growth, offsetting the increased drag from U.S. tariffs, Oya Celasun, deputy director of the International Monetary Fund's European Department, said on Friday.
Ukraine needs $2.9 billion to buy gas in 2025, National Bank says
Published: April 25, 2025 14:56
Ukraine's National Bank said on Friday the country needs $2.9 billion for gas imports in 2025 after Russian missile and drone attacks damaged Ukrainian gas production facilities.
US consumer sentiment remains weak in April on tariffs concerns
Published: April 25, 2025 14:46
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs.
Reliance Industries Q4 profit beats estimates on retail, digital boost
Published: April 25, 2025 14:39
India's Reliance Industries beat estimates for fourth-quarter profit on Friday, as strong performance in its retail and digital businesses offset weakness in its oil-to-chemicals (O2C) unit.
China eases some US tariffs, denies Trump's negotiation claims
Published: April 25, 2025 14:18
China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the world's top two economies could be easing, though Beijing quickly knocked down U.S. President Donald Trump's assertion that negotiations were under…
Elliott wants BP to change structure, oust strategy chief, source says
Published: April 25, 2025 12:34
Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source familiar with the situation said on Friday.
Lazard first-quarter profit dives as dealmaking slows down
https://www.reuters.com/business/lazard-first-quarter-profit-dives-dealmaking-slows-down-2025-04-25/
Published: April 25, 2025 10:45
Investment bank Lazard reported a 9% drop in its first-quarter adjusted profit on Friday, as companies steered away from making deals amid economic turmoil due to tariffs and likelihood of a trade war.
Russian central bank keeps key rate on hold at 21%
https://www.reuters.com/markets/europe/russian-central-bank-keeps-key-rate-hold-21-2025-04-25/
Published: April 25, 2025 10:42
The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence triggered by U.S. trade tariffs.
UK shares rise as US-China trade tensions show signs of easing
Published: April 25, 2025 10:37
British stocks rose on Friday as markets responded positively to signals of easing tensions in the U.S.-China trade dispute, while better-than-expected British retail sales data further bolstered investor sentiment.
India's Canara Robeco AMC files for IPO
https://www.reuters.com/markets/asia/indias-canara-robeco-amc-files-ipo-2025-04-25/
Published: April 25, 2025 10:30
India's Canara Robeco Asset Management Company, backed by lender Canara Bank , filed for an initial public offering, draft papers showed on Friday.
Pound finds some footing on retail sales amid dollar rebound
Published: April 25, 2025 10:29
British retail sales data that exceeded expectations offered some support to sterling on Friday though not enough to keep it in positive territory against the dollar's mini bounce-back across the board.
Toyota chairman proposes possible $42 billion acquisition of Toyota Industries, Bloomberg reports
Published: April 25, 2025 10:26
Toyota Motor Chairman Akio Toyoda has proposed the acquisition of supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday.
Morning Bid: Whoah, we're halfway there
https://www.reuters.com/markets/us/global-markets-view-usa-2025-04-25/
Published: April 25, 2025 10:17
What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets
BYD's first-quarter profit doubles
https://www.reuters.com/business/autos-transportation/byds-first-quarter-profit-doubles-2025-04-25/
Published: April 25, 2025 10:15
BYD's first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market by launching a smart EV price war.
Kenyan shilling flat versus dollar, LSEG data shows
https://www.reuters.com/world/africa/kenyan-shilling-flat-versus-dollar-lseg-data-shows-2025-04-25/
Published: April 25, 2025 10:14
Kenya's shilling was flat against the dollar on Friday, data from the London Stock Exchange Group (LSEG) showed.
Wall Street rises on signs of China's tariff relief, upbeat Alphabet results
Published: April 25, 2025 10:12
U.S. stock index futures jumped on Friday after signs China was prepared to soften its stance on tariffs, while better-than-expected quarterly results from heavyweight Alphabet lifted its shares and supported other technology stocks.
Rupee falls amid rising tensions with Pakistan after Kashmir attack
Published: April 25, 2025 10:07
The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week.
Tariffs to hit Wartsila's battery storage unit, marine business more shielded
Published: April 25, 2025 10:06
Finland's Wartsila said U.S. tariffs were impacting its battery storage business while rising trade tensions could push back clients' investment decisions, after its quarterly operating earnings missed market expectations on Friday.
US shale patch slows down as oil prices sink
https://www.reuters.com/business/energy/us-shale-patch-slows-down-oil-prices-sink-2025-04-25/
Published: April 25, 2025 10:05
Some small U.S. shale producers are putting the brakes on oil drilling as crude prices sink to multi-year lows and steep tariffs drive construction costs higher.
Stora Enso tops profit forecast, eyes 'new opportunities' amid trade war
Published: April 25, 2025 09:55
Finnish forestry group Stora Enso's first-quarter operating profit beat market expectations on Friday, even as it warned that market demand would remain subdued amid concerns triggered by U.S. President Donald Trump's tariffs.
Indian airlines to suffer higher costs, detours in ban from Pakistan airspace
Published: April 25, 2025 09:41
Air India and IndiGo are bracing for longer journey times as they reroute international flights.
Bearings maker SKF passes on tariff costs to customers, but demand remains weak
Published: April 25, 2025 09:41
Swedish industrial bearings maker SKF has passed on the cost of tariffs to customers, it said on Friday, but forecast like-for-like sales to weaken in the second quarter as global trade uncertainties threaten already muted demand.
Exclusive: Clarivate’s IP unit draws private equity interest, sources say
Published: April 25, 2025 07:32
CD&R and Nordic Capital are among private equity groups weighing possible bids for Clarivate’s intellectual property (IP) unit, two people with knowledge of the matter told Reuters.
Russia's VTB reports 15.4% rise in Q1 profit, sticks to 2025 target
Published: April 25, 2025 07:30
Russia's second largest lender VTB said on Friday that its first quarter net profit rose by 15.4% year-on-year, reaching 141.2 billion roubles ($1.70 billion), despite falling margins due to high interest rates.
European shares rise on signs of easing Sino-US trade tensions
Published: April 25, 2025 07:24
European shares rose on Friday as investors assessed a potential de-escalation in the U.S.-China trade war, while some upbeat quarterly earnings also offered support.
Take Five: Trump's first 100 days
https://www.reuters.com/business/take-five/global-markets-themes-graphic-2025-04-25/
Published: April 25, 2025 07:15
Donald Trump is nearing the 100-day mark of his second presidency and investors are no closer to figuring out how to trade his policies, nor do central bankers have much clarity on how their economies may be affected.
Rhine river levels rises again, allowing normal sailings in north
Published: April 25, 2025 07:00
Rhine river levels have risen after rain in Germany this week, allowing vessels to carry more cargo and normal sailings with full loads in northern parts of the river, commodity traders said on Friday.
Indra considers taking over Spanish defence contractor Escribano M&E, Expansion says
Published: April 25, 2025 06:56
Spanish defence technology company Indra is considering taking over Escribano M&E, a Spanish company owned by the family of Indra's executive chairman Angel Escribano, Expansion newspaper reported Wednesday, citing unnamed market sources.
Euronext launches European Common Prospectus to boost IPO market in EU
Published: April 25, 2025 06:45
Euronext said on Friday it launched the European Common Prospectus (ECP) in a bid to speed up capital market integration and boost initial public offerings in the European Union.
RWE has stopped offshore wind activities in United States
Published: April 25, 2025 06:43
RWE has stopped its U.S. offshore wind activities for now in light of regulatory uncertainty under the administration of President Donald Trump, its CEO said in a speech manuscript published ahead of the utility's annual general meeting.
Japan's Nomura posts 27% jump in fourth-quarter profit
https://www.reuters.com/markets/wealth/japans-nomura-books-27-jump-fourth-quarter-profit-2025-04-25/
Published: April 25, 2025 06:38
Japan's biggest investment bank and brokerage Nomura Holdings recorded a 27% rise in fourth-quarter net profit as revenues grew in its investment management and wealth management businesses.
Intel shares sag after downbeat forecasts
https://www.reuters.com/business/intel-shares-sag-after-downbeat-forecasts-2025-04-25/
Published: April 25, 2025 06:30
Intel shares dropped almost 4% in heavy trading in Frankfurt on Friday after issuing downbeat forecasts for both revenue and profit the day before, as investors fretted about the outlook for the chip sector against the backdrop of the U.S./China trade war.
UK's Mobico to sell North America school bus unit as wages, tariffs bite
Published: April 25, 2025 06:25
British transport company Mobico will sell its North America school bus unit to I Squared Capital for up to $608 million, it said on Friday, as it has become too costly to run due to rising wages and potential U.S. tariff costs.
Alphabet Frankfurt-listed shares rise after revenue estimates beat
Published: April 25, 2025 06:24
Google parent Alphabet's Frankfurt-listed shares rose over 6% in early trade on Friday after the tech giant beat Wall Street estimates for quarterly revenue on Thursday.
Safran says China grants tariff exemptions for jet engines and parts
Published: April 25, 2025 06:18
China has granted exemptions from import tariffs for some aircraft parts including engines, the head of French engine maker Safran said on Friday.
Russia's Yandex reports a 34% rise in Q1 revenue
https://www.reuters.com/technology/russias-yandex-reports-34-rise-q1-revenue-2025-04-25/
Published: April 25, 2025 06:15
Russian internet giant Yandex reported a 34% rise in first-quarter revenue to 306.5 billion roubles ($3.71 billion), driven by growth in e-commerce and its search and portal business.
Unexpected UK retail sales jump boosts economy as storm gathers
Published: April 25, 2025 06:10
British retailers reported the best start to the year since 2021 in what may be a fleeting boost for the economy, with rising bills and the U.S. trade war increasingly weighing on consumer morale.
7-Eleven owner says will need to cut costs as US tariffs hit consumer confidence
Published: April 25, 2025 04:33
Seven & I Holdings , the owner of 7-Eleven convenience stores, said it expects it will have to take a hard look at its supply chain and rein in costs as U.S. consumers grapple with the impact of U.S. tariffs.
Morning Bid: Focus on earnings while US and China quibble
https://www.reuters.com/markets/europe/global-markets-view-europe-2025-04-25/
Published: April 25, 2025 04:33
A look at the day ahead in European and global markets from Rocky Swift
UK's Unite union says TotalEnergies workers balloting on strike action
Published: April 25, 2025 04:27
UK's Unite union on Friday said that offshore workers employed by TotalEnergies are balloting for possible strike action.
Apple aims to source all US iPhones from India in pivot away from China, FT reports
Published: April 25, 2025 04:12
Apple plans to shift the assembly of all U.S.-sold iPhones to India as soon as next year, the Financial Times reported on Friday citing people familiar with the matter, as President Donald Trump's trade war forces the tech giant to pivot away from China.
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
Published: April 25, 2025 04:06
China's Baidu has successfully "illuminated" a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday.
Rupee to ride positive momentum, unlikely to follow Asian peers lower
Published: April 25, 2025 02:59
The Indian rupee is likely to sidestep the regional downtrend on Friday, with support coming from the encouraging intraday reversal seen in the previous session.
Alphabet says Waymo may offer robotaxis for personal ownership in future
Published: April 25, 2025 02:45
Alphabet's Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States.
Indian benchmarks retreat as Kashmir attack fuels geopolitical concerns
https://www.reuters.com/world/india/indias-nifty-50-set-open-higher-tracking-asian-peers-2025-04-25/
Published: April 25, 2025 02:26
India's benchmark indexes reversed early gains on Friday, weighed down by broad-based sector losses and geopolitical jitters after a deadly militant attack in Kashmir raised tensions with Pakistan.
Stocks, dollar eye weekly rise on Trump's tariff backdown
https://www.reuters.com/markets/global-markets-wrapup-1-2025-04-25/
Published: April 25, 2025 02:24
Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China, despite no signal of detente.
Baidu launches new AI model amid mounting competition
Published: April 25, 2025 02:18
Chinese search engine giant Baidu launched its latest artificial intelligence model, Ernie 4.5 Turbo, on Friday, as it ramps up AI product offerings amid mounting competition in the Chinese AI market.
Dollar drifts higher at end of volatile week of Trump backflips
Published: April 25, 2025 01:34
The dollar drifted higher on Friday, following small losses a day earlier, as traders grappled with the outlook for the U.S. economy following President Donald Trump's erratic messaging on trade deals and Federal Reserve interference.
Trade tensions are giving Intel's older chips a second life
Published: April 25, 2025 00:49
A Sino-U.S. trade war that threatens Intel's revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday.
Fed's Kashkari nervous that trade policy uncertainty will lead to layoffs
Published: April 25, 2025 00:44
Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the extreme uncertainty over U.S. trade policy has him "nervous" about big layoffs, though so far he has only heard about businesses starting to plan for the possibility if the…
Oil prices set for weekly loss on potential for more global supply
Published: April 25, 2025 00:38
Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply at the same time conflicting U.S. tariff signals limit the demand outlook.
After years of failed AI deals, Intel plans homegrown challenge to Nvidia
Published: April 25, 2025 00:18
One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.
Vietnam ramps up bond sales, spending as export-led growth faces tariff risks
Published: April 25, 2025 00:13
Vietnam has increased government bond sales by nearly 30% so far this year, data shows, as it bids to boost public spending to spur growth and shield the economy from the risk of crippling U.S. tariffs.
UK water crisis: regulators partly to blame says budget watchdog
Published: April 24, 2025 23:19
Britain's regulators have failed to drive sufficient investment in the water sector, a budget watchdog said in a report on Friday, highlighting their role in causing an environmental crisis in the industry.
Brazilian miner Vale posts 17% drop in Q1 net profit
Published: April 24, 2025 23:09
Brazilian miner Vale reported on Thursday a 17% decline in its first-quarter net profit from a year earlier, dragged down by lower iron ore prices.
UK's vehicle output rose in March, but not enough to prevent quarterly decline
Published: April 24, 2025 23:06
Britain made more vehicles in March as demand increased for British-built cars overseas and for commercial vehicles at home, but it was not enough to prevent a quarterly decline in output, industry data showed on Friday.
Rising bills and trade war push UK consumer mood to 17-month low
Published: April 24, 2025 23:06
British consumer confidence slid this month to its lowest level since November 2023 as people became much gloomier about the outlook for the economy, with rising bills and the U.S. trade war weighing on sentiment, a survey showed on Friday.
Workers could save 122 hours a year by adopting AI in admin tasks, says Google
Published: April 24, 2025 23:05
Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers could save more than 120 hours a year by using AI in administrative tasks.
Publisher Ziff Davis sues OpenAI for copyright infringement
https://www.reuters.com/business/publisher-ziff-davis-sues-openai-copyright-infringement-2025-04-24/
Published: April 24, 2025 22:45
Digital media publisher Ziff Davis sued OpenAI in Delaware federal court on Thursday, accusing the Microsoft-backed artificial-intelligence company of misusing its publications to train the model behind popular chatbot ChatGPT.
Hartford profit falls as California wildfire losses climb
Published: April 24, 2025 22:39
Hartford Insurance Group reported a 16% fall in first-quarter profit on Thursday, as catastrophe losses from the California fires piled up even though they were partially offset by a rise in income from investments.
Shell has pulled out of offshore gas projects in Colombia's Caribbean-Ecopetrol
Published: April 24, 2025 22:30
Oil giant Shell has pulled out of three joint offshore gas projects in Colombia's Caribbean, the South American country's state-run oil company said on Thursday.
Intel CEO says he met with TSMC CEO to discuss collaboration
Published: April 24, 2025 22:29
Intel CEO Lip-Bu Tan met recently with Taiwan Semiconductor Manufacturing Co's CEO to discuss how the two companies could collaborate, Tan said during a conference call with analysts on Thursday.
South Korea, U.S. aim for package deal before tariff pause ends in July, Seoul says
Published: April 24, 2025 22:22
South Korea and the United States agreed to craft a package of deals aimed at removing new U.S. tariffs before the pause on reciprocal tariffs are lifted in July, Seoul's delegation said after the first round of trade talks in Washington.
BOJ will keep raising rates if inflation converge toward 2%, governor Ueda says
Published: April 24, 2025 22:12
Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected.
Exclusive: US Congress Republicans seek $27 billion for Golden Dome in Trump tax bill
Published: April 24, 2025 22:08
Republicans in the U.S. Congress plan to introduce a sweeping $150 billion defense package that will give an initial $27 billion boost to President Donald Trump's controversial Golden Dome missile defense shield and bolstering shipbuilding, according to a…
Footwear brand Skechers pulls annual forecast on trade uncertainty, shares drop
Published: April 24, 2025 22:04
Skechers on Thursday withdrew its annual results forecast as the Trump administration's erratic trade policies fuel economic uncertainty, sending the footwear maker's shares down 7% in extended trading.
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Published: April 24, 2025 21:57
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market.
Ethiopia's inflation rate to decline to 10% in 2025/2026 fiscal year
Published: April 24, 2025 21:54
Ethiopia's inflation is expected to decline to 10% in the coming financial year, the country's central bank chief Mamo Mihretu said on Thursday, the lowest level in a decade thanks to the government's reform programme.
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