Today: May 18, 2024
Today: May 18, 2024

Business

History says tariffs rarely work, but Biden’s 100% tariffs on Chinese EVs could defy the trend

The early timing of Biden’s move, changing supply chains and national security fears suggest the tariffs might work this time, at least for a while.

History says tariffs rarely work, but Biden’s 100% tariffs on Chinese EVs could defy the trend

OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT

OpenAI and Reddit are teaming up in a deal that will bring the social media platform’s content to ChatGPT

OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT

Chinese overcapacity claims by US, Europe are 'trade protectionism', ministry says

China said on Thursday that U.S. and European assertions of excess capacity were "naked trade protectionism" and that efforts to constrain new energy exports from the World's No.2

Chinese overcapacity claims by US, Europe are 'trade protectionism', ministry says

Daimler Truck and Volvo intend to form software joint venture

German truck maker Daimler Truck and Sweden's Volvo intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies

Daimler Truck and Volvo intend to form software joint venture

Markets ponders rate path, shares listless

A look at the day ahead in European and global markets from Ankur Banerjee The cold harsh reality of the Federal Reserve likely keeping interest rates higher for longer to combat inflation has put a

Markets ponders rate path, shares listless

ABB buys Siemens's wiring accessories business in China

ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.

ABB buys Siemens's wiring accessories business in China

China to let local govt officials buy affordable housing at 'reasonable' prices

China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing

China to let local govt officials buy affordable housing at 'reasonable' prices

Boeing shareholders vote to keep departing CEO on planemaker's board

By Allison Lampert and Abhijith Ganapavaram (Reuters) -Boeing’s departing CEO Dave Calhoun was re-elected to stay on the troubled company's board on Friday, even as the planemaker said it was

Boeing shareholders vote to keep departing CEO on planemaker's board

China to cut mortgage interest rates, home down-payment ratio to boost demand

China will cut interest rates of mortgage loans and down-payment ratios for homebuyers to boost lacklustre property demand, according to three statements released by its central

China to cut mortgage interest rates, home down-payment ratio to boost demand

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

British grocer Sainsbury's partners with Microsoft to use AI for data insights

Britain's Sainsbury's said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and

British grocer Sainsbury's partners with Microsoft to use AI for data insights

Investors pour money into stocks, bonds as inflation worries ebb - BofA says

Investors poured money into stocks and bonds in the week to Wednesday, favouring laggards such as utilities, but pulling money from pricier parts of the market such as technology

Investors pour money into stocks, bonds as inflation worries ebb - BofA says

Stocks edge up as timing of US rate cuts weighed; copper jumps

By Caroline Valetkevitch NEW YORK (Reuters) -A world stock index rose for a seventh straight session and U.S.

Stocks edge up as timing of US rate cuts weighed; copper jumps

GameStop tumbles on capital raise plans after meme-stocks frenzy this week

Retail darling GameStop slumped 26% on Friday after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks frenzy

GameStop tumbles on capital raise plans after meme-stocks frenzy this week

Dow ends above 40,000 milestone, indexes notch up weekly gains

By Chibuike Oguh and Shristi Achar A NEW YORK (Reuters) -The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains,

Dow ends above 40,000 milestone, indexes notch up weekly gains

Musk pushes plan for China data to power Tesla's AI ambitions

Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the

Musk pushes plan for China data to power Tesla's AI ambitions

Global equity funds draw inflows on rate cut hopes, soft US economic data

Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures,

Global equity funds draw inflows on rate cut hopes, soft US economic data

German defence industry says it will need government help to reduce dependence on China

German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S.

German defence industry says it will need government help to reduce dependence on China

Dollar mostly flat as market mulls inflation outlook

By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) -The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve

Dollar mostly flat as market mulls inflation outlook

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

Maltese central bank governor, deputy PM face fraud charges

Malta's attorney general has filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna and Deputy Prime Minister Chris Fearne,

Maltese central bank governor, deputy PM face fraud charges

German council approves a revised plan by Tesla to expand its plant near Berlin

A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this year

German council approves a revised plan by Tesla to expand its plant near Berlin

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

The International Monetary Fund on Wednesday said its executive board has approved members to use their Special Drawing Rights (SDRs), or IMF reserve assets, to

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

Upturn in Egypt's economic fortunes tempered by caution on reform

Egypt appears on track to break with past practice and let its currency float in line with IMF-backed reforms, but structural changes that could pull

Upturn in Egypt's economic fortunes tempered by caution on reform

China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference

China expected to stand pat on lending rates in May
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