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China’s Baidu beats quarterly revenue estimates on ad strength
(Reuters) -Search engine giant Baidu Inc beat first-quarter revenue estimates on Tuesday as businesses spent more on advertising after China lifted COVID curbs late last year. Revenue rose 10% to 31.1...
Syndicated Content May 16, 2023
Euro zone Q1 GDP growth confirmed at 0.1% q/q, Q1 exports jump
BRUSSELS (Reuters) - Euro zone economic growth was 0.1% quarter-on-quarter in the first three months of the year, the EU's statistics agency confirmed on Tuesday, with rising employment and a sharp in...
Syndicated Content May 16, 2023
Biden administration announces $11 billion for rural clean energy projects
By Leah Douglas WASHINGTON (Reuters) - Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy project...
Syndicated Content May 16, 2023
Twitter objects to Turkish court orders after pre-election warnings
ISTANBUL (Reuters) - Twitter said it had filed objections to Turkish court orders requesting a ban on access to some accounts and tweets on the platform, after keeping its service available during an ...
Syndicated Content May 16, 2023
Investors lift equity allocations to 5-month high – BofA survey
LONDON (Reuters) - Investors lifted equity allocations to a 5-month high but cash levels also increased to 5.6%, even as they remained worried about a possible credit crunch and inflation staying elev...
Syndicated Content May 16, 2023
Tesla applies to expand Shanghai plant, add pouch battery cell output
(Reuters) - Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers. An undated public n...
Syndicated Content May 16, 2023
Vodafone to cut 11,000 jobs, sees big drop in cash flow
By Paul Sandle LONDON (Reuters) -Vodafone's new boss Margherita Della Valle said she would cut 11,000 jobs over three years to simplify the telecoms group, which she said "must change", as it forecast...
Syndicated Content May 16, 2023
EU must build cutting-edge computer chips – industry chief Breton
By Toby Sterling ANTWERP, Belgium (Reuters) - EU industry chief Thierry Breton on Tuesday touted the European Chips Act passed last month, saying Europe must manufacture its own cutting-edge computer ...
Syndicated Content May 16, 2023
Analysis-Australian banks’ bid to shake mortgage reliance brings new risks
By Byron Kaye SYDNEY (Reuters) - Australia's big banks are pivoting to what analysts say could be a risky fight for growth in the country's unloved business loans market as a price war ends a decade-l...
Syndicated Content May 16, 2023
UK jobless rate rises as people return to labour market
LONDON (Reuters) -Britain's unemployment rate unexpectedly rose to 3.9% in the three months to March as more people sought to get back into the jobs market, potentially easing concerns at the Bank of ...
Syndicated Content May 16, 2023
Peoria, IL, USA
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