Category Archives:
At Cannes, independent film firms optimistic as streamers stumble
By Miranda Murray CANNES (Reuters) - Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year's Cannes Film Festival as th...
May 17, 2023
UBS says it was rushed into unwanted Credit Suisse rescue merger
By Kane Wu HONG KONG (Reuters) - UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and promp...
May 17, 2023
Commerzbank doubles quarterly profit, helped by higher interest rates
FRANKFURT (Reuters) - Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. Net profit of 580 mill...
May 17, 2023
Shell to use new AI technology in deep sea oil exploration
By Stephanie Kelly NEW YORK (Reuters) - Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the ...
May 17, 2023
Siemens raises outlook after Q2 sales beats forecasts
ZURICH (Reuters) - Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The maker of pr...
May 17, 2023
Nepali sherpa sets Everest record with 27th ascent
By Gopal Sharma KATHMANDU (Reuters) - A Nepali sherpa scaled Mount Everest for a record 27th time on Wednesday, beating his own record, a government official and his hiking company said. Kami Rita She...
May 16, 2023
Marketmind: Are we there yet? Market holds breath for debt ceiling deal
A look at the day ahead in European and global markets from Ankur Banerjee Nervousness in the market over the looming U.S. debt ceiling deadline prevailed through the Asian hours and will remain the m...
May 16, 2023
Virgin Orbit enters “stalking horse” bid to sell aircraft assets for $17 million
(Reuters) - Bankrupt satellite launch company Virgin Orbit said on Tuesday it has entered into a "stalking horse" agreement with Stratolaunch to sell mainly its aircraft assets, including the "Cosmic ...
May 16, 2023
Vietnam EV maker Vinfast expects to break even by end-2024 – founder
HANOI (Reuters) - Vietnam's electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday. Vinfast will also launch an EV-pickup truck and a city or "mini car" as ...
May 16, 2023
First nuclear fusion plants to need $7 billion supply chain -survey
By Timothy Gardner WASHINGTON (Reuters) - Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclea...
May 16, 2023
Peoria, IL, USA
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