Global audiences suspicious of AI-powered newsrooms, report finds
By Sheila Dang (Reuters) - Global concerns about the use of AI in news production and misinformation are growing, a report published by the Reuters Institute for the Study of Journalism found, posing fresh challenges to newsrooms already struggling...
1h ago
Morning Bid: Bracing for Chinese data deluge
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The monthly Chinese 'data dump' kicks off the global trading week on Monday, with the slew of top-tier indicators likely to give investors a measure of how much the world's sec...
3h ago
ECB in no rush to discuss French bond rescue - sources
By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) - European Central Bank policymakers have no plan to discuss emergency purchases of French bonds and still think it is for French politicians to reassure investors spooked by the prospect of a...
6h ago
Fed's Kashkari says it's 'reasonable' to predict December rate cut
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it. "We need to see more evidence...
9h ago
Conditions for rate cut emerging in South Korea, says presidential official
SEOUL (Reuters) - Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday. "(South Korea) is one of the countries with the most stable price levels compared to other countries global...
16h ago
Saudi Arabia inflation unchanged at 1.6% in May
CAIRO (Reuters) - Saudi Arabia's annual inflation rate held at 1.6% in May, the same as the previous month, government data showed on Sunday, while on a month-on-month basis, prices increased 0.2% in May from April. (Reporting by Adam Makary; Edit...
18h ago
Chile says Saudi mining minister to visit, lithium expected on agenda
SANTIAGO (Reuters) - Chile's government said on Saturday that Saudi Arabia's mining minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago. Saudi Minister of Industry and Mineral Resources Band...
22h ago
Peru economy expands in April, highest growth in over 30 months
By Marco Aquino and Aida Pelaez-Fernandez (Reuters) - Peru's gross domestic product expanded 5.28% in April from a year earlier, the government's INEI statistics agency said on Saturday, the highest rate in 32 months. The figure reversed the contra...
Jun 15, 2024
Turkey to reduce inflation to single digits, Erdogan says
ISTANBUL (Reuters) - Turkey's economic programme is bearing fruit in terms of production, employment and exports, Turkish President Tayyip Erdogan said on Saturday in a video message to mark the Eid al-Adha holidays. "Turkey will get good results o...
Jun 15, 2024
Prabowo adviser denies plans to raise Indonesia's debt to 50% of GDP
By Gayatri Suroyo and Kate Lamb JAKARTA (Reuters) - Indonesia's President-elect Prabowo Subianto has no plans to boost the country's public debt to 50% of gross domestic product (GDP), a senior aide said on Saturday, denying a report that had hit t...
Jun 15, 2024
OpenAI CEO says company could become benefit corporation- The Information
(Reuters) -OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that OpenAI's nonprofit board doesn't control, The Information reported on Friday. One scenario Altman sa...
Jun 15, 2024
Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy
(Reuters) - The U.S Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a September hearing focusing on U.S. prices for weight loss drugs Ozempic and We...
Jun 14, 2024
Carlyle explores sale of electric power producer Cogentrix, FT reports
(Reuters) - PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people briefed on the matter. ...
Jun 14, 2024
US industry groups seek hearing, more on Biden's China tariff hike
By David Lawder and David Shepardson WASHINGTON (Reuters) - A wide swath of pro-trade American business groups has asked the Biden administration for another month to comment on plans to impose steeper tariffs on Chinese imports of electric vehicle...
Jun 14, 2024
Exclusive-Boeing tells suppliers it is slowing 737 output goal by 3 months, sources say
By Allison Lampert and Tim Hepher (Reuters) -Boeing has told suppliers it is delaying a key production milestone for its 737 jet family by three months, two industry sources said, as it continues to struggle with a crisis that is hurting output. A new ...
Jun 14, 2024
Retail stocks search for direction as rates stay high
By David Randall and Lewis Krauskopf NEW YORK (Reuters) - Elevated U.S. interest rates are pressuring the U.S. retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared. The S&P...
Jun 14, 2024
Fed's Goolsbee says latest consumer price data brought 'relief'
(Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee on Friday said he felt "relief" after data this week showed consumer inflation in May did not rise from the month earlier. "We would be feeling very good" if there were a lot ...
Jun 14, 2024
Fed's Bostic flags more issues with financial disclosures
By Michael S. Derby NEW YORK (Reuters) - A financial disclosure form for Federal Reserve Bank of Atlanta President Raphael Bostic notes more issues with reporting of past trading and investing activities. Bostic's disclosure form for 2023, made pub...
Jun 14, 2024
US NTSB opens probe into Southwest Boeing 737 MAX in-flight event
WASHINGTON (Reuters) - The National Transportation Safety Board said Friday it is opening an investigation into a May 25 in-flight oscillation event involving a Boeing 737 MAX operated by Southwest Airlines. The NTSB said the plane experienced what...
Jun 14, 2024
Apple, Meta set to face EU charges under landmark tech rules, sources say
By Foo Yun Chee BRUSSELS (Reuters) - Apple and Meta Platforms will likely face charges for failing to comply with landmark EU rules aimed at reining in their power before the summer, three people with direct knowledge of the matter said on Friday. ...
Jun 14, 2024
Alex Jones' bankruptcy liquidation approved in court
By Dietrich Knauth NEW YORK (Reuters) - A U.S. bankruptcy judge on Friday allowed conspiracy theorist Alex Jones to convert his bankruptcy case into a straightforward liquidation, saying he would quickly appoint an independent trustee to oversee th...
Jun 14, 2024
Google loses bid to end US antitrust case over digital advertising
By Jody Godoy (Reuters) - Alphabet's Google must face trial on U.S. antitrust enforcers' claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday. U.S. District Judge Le...
Jun 14, 2024
Fed's Mester: Recent easing in inflation good news - CNBC
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said Friday that the latest round of inflation data is good news for the economy and the central bank. After being higher than desired at the start ...
Jun 14, 2024
Coca-Cola, Starbucks file to extend trademarks in Russia, newspaper reports
(Reuters) - Coca-Cola and Starbucks have applied to re-register their trademarks in Russia to protect their intellectual property rights after exiting in response to Moscow's invasion of Ukraine in 2022, domestic business newspaper Vedomosti report...
Jun 14, 2024
French stocks drag European shares lower on political turmoil
By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares dropped in a broad-based selloff on Friday, marking a weekly loss amid political turmoil in France that has sent the French benchmark reeling. The pan-European STOXX 600 closed 1% lowe...
Jun 14, 2024