Page 467 - Reuters%20/undefined

UK firms expecting hard time in China over next 5 years, warns lobby group

British business confidence is further constrained by growing risk of increased trade tensions due to a complex geopolitical environment, it added

Federal Reserve officials urge patience on timing of initial rate cut

The policymakers spoke as the Fed has downplayed talk of any further rate hikes, but also noted they feel the economy needs to cool further

California court considers law treating Uber, Lyft drivers as contractors

Uber, Lyft and other app-based services spent more than $200 million on a campaign to pass Prop 22 and have said that without it, the increased costs could force them to stop doing business

Republican-led states challenge Biden admin's environmental review reforms

They said the rule changes will make it more difficult for some projects to receive approvals if they might impact disadvantaged or minority communities

Equity traders seek cues from election shadow bets to combat uncertainty

Weeks before vote counting set for June 4, stock markets are closely tracking shadow-betting platforms that are flourishing nationwide

Asian stocks edge up on Nvidia hopes, NZ dollar jumps as bond yields spike

New Zealand's central bank offered a sobering assessment of its inflation problems, warning that rates would have to be higher

US assesses Russia's launched space weapon in path of American satellite

Russia deployed this new counterspace weapon into the same orbit as a US government satellite

Ivan Boesky, convict in 1980s insider trading scandal, dies at 87

Described as a "money-orientated monomaniac," Boesky himself said his work was "a sickness I have in the face of which I am helpless"

Second global AI summit secures safety commitments from companies

Alphabet's Google, Meta, Microsoft and OpenAI, and firms from China, South Korea and the UAE are among the firms

Europe sets benchmark for rest of the world with landmark AI laws

EU vote came two months after lawmakers backed AI legislation drafted in 2021

Actors union backs Scarlett Johansson after claim of voice misuse by OpenAI

OpenAI unveiled its latest artificial intelligence model, GPT-4o, last week, featuring an audio-interacting persona named "Sky"

Shell shareholders reject investor climate resolution filed by activists

The company, however, introduced a new 'ambition' to cut overall emissions from oil products such as gasoline and jet fuel sold to customers by 15-20% by 2030 compared with 2021

US Fed's Waller sees some progress on inflation, says no rate hike needed

"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee

Global carbon emissions pricing raised record $104 bn in 2023: World Bank

The largest single contributor to global carbon revenue is the EU's Emissions Trading System

Cryptocurrencies gain as investors turn optimistic on Ether ETFs talks

Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Tuesday

Crude oil falls more than $1 as Fed rate outlook stokes demand fears

"Fears of weaker demand led to selling as the prospect of a Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand

Consolidated net profit rose for the sixth straight quarter to Rs 169 crore ($20.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

TotalEnergies moves ahead on $6 billion Kaminho oil project near Angola

The $6 billion project involves developing two oil fields located in Block 20/11, Cameia and Golfino, according to a statement from Angola's national hydrocarbon agency ANPG

RBI bought net $13.25 bn in spot forex market in March, shows bulletin

The RBI said it purchased $14.84 billion and sold $1.59 billion during the month. In the previous month, it had bought a net $8.56 billion in the spot market

Arvind Fashions Q4 results: Profit jumps two-fold to 24 cr, revenue up 4%

Demand for premium products aimed at high-income consumers remains a key driver of sales growth