Category Archives:
Cambodia PM ditches Facebook as Meta mulls case over alleged threats
(Reuters) - Cambodian Prime Minister Hun Sen has stopped using Facebook to communicate with the public in favour of Telegram, switching to what he called a "better" application amid an ongoing case ov...
Jun 29, 2023
Factbox-Policy measures China’s central bank could use to stem yuan weakness
(Reuters) - China has ramped up its effort to slow the depreciation of the yuan against the dollar this week and market participants widely believe that the People's Bank of China (PBOC) may follow up...
Jun 29, 2023
AI startup Typeface valued at $1 billion after Salesforce-led fundraise
By Krystal Hu (Reuters) - Typeface, a generative AI platform for enterprise content creation, said on Thursday that it was valued at $1 billion after an oversubscribed Series B funding round led by Sa...
Jun 29, 2023
Spain’s 12-month inflation falls to 1.9% in June, lowest since March 2021
(Reuters) - Spain's consumer prices rose 1.9% year-on-year in June, their slowest increase since March 2021, preliminary data from the National Statistics Institute (INE) showed on Thursday. Spain is ...
Jun 29, 2023
Salesforce to invest $4 billion in UK on AI innovation
LONDON (Reuters) - Salesforce will invest $4 billion in its UK business in the next five years, the U.S. software company said on Thursday, thanks to strong demand for digital transformations and arti...
Jun 29, 2023
European shares muted on rate-hike jitters; H&M jumps on robust profit
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares were muted on Thursday as hawkish signals from a slew of major central bankers offset a boost from H&M, after the Swedish retailer pos...
Jun 29, 2023
TSMC sending more workers to speed up building of new Arizona plant
TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Thursday it is sending more workers from Taiwan to the U.S. state of Arizona to help build a massive $40 billion factory to ensure its "fast ramp up...
Jun 29, 2023
Bank of England consults on next leg of insurance capital reforms
LONDON (Reuters) -The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would cut red tape without lowering solvency standards. The Solvency II rules...
Jun 29, 2023
Fed’s Powell: we are still monitoring the banks’ situation very carefully
MADRID (Reuters) - The U.S. Federal Reserve is still monitoring the situation in the banking industry very carefully, Fed Chair Jerome Powell said on Thursday. "We are very reluctant to say" if the se...
Jun 29, 2023
BMW to produce electric X3 model at South Africa plant
(Reuters) - Germany's BMW will build its X3 model in South Africa from 2024, investing 4.2 billion rand ($225.09 million) to electrify its plant in Rosslyn, the company said in a statement on Thursday...
Jun 29, 2023
Peoria, IL, USA
53 °F Sunny
