By Elizabeth Dilts Marshall NEW YORK – A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a …
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Exclusive-Universal Music to develop collectible NFTs in deal with Curio platform
by Reutersby ReutersBy Dawn Chmielewski – Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said …
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Florida House passes ban on abortion after 15 weeks, sends bill to Senate
by Reutersby ReutersBy Gabriella Borter -Florida’s House of Representatives passed a bill to ban abortions after 15 weeks of pregnancy late on Wednesday, a measure several Republican-led states are pushing as the …
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PARIS -Shares in French power utility EDF lost early gains and were down 1.3% after Les Echos reported that the government is leaning towards a more than 2 billion euro …
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Rouble weakens as Ukraine, Russia-backed rebels trade shelling accusations
by Reutersby ReutersBy Alexander Marrow and Katya Golubkova MOSCOW – The Russian rouble and stocks slipped in volatile trade on Thursday after Russian-backed rebels and Ukrainian forces traded accusations of firing shells …
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AutoNation results top estimates on strong demand for used cars
by Reutersby ReutersBy Joseph White and Kannaki Deka -No. 1 U.S. auto retailer AutoNation Inc beat Wall Street estimates for fourth-quarter profit and revenue on Thursday on robust demand for used vehicles …
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Financial News
Cryptocurrency firm Circle doubles valuation to $9 billion in tweaked SPAC deal
by Reutersby Reuters-Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition Corp, a blank-check firm backed by former Barclays boss …
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OTTAWA – Canadian home price gains accelerated again in January, climbing 1.3% from December, on rises in nine of the 11 major markets, data showed on Thursday. The Teranet-National Bank …
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Financial News
Germany’s BaFin to ban sale of some futures products to retail clients
by Reutersby ReutersBERLIN -Germany’s financial watchdog BaFin said on Thursday that it planned to clamp down on the marketing, distribution and sale of futures products with additional payment obligations. It isn’t the …
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BERLIN – German commercial vehicle maker Traton’s MAN unit plans to deliver its first electric truck in early 2024, MAN said on Thursday, adding that it was on track to …
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HELSINKI – Nordea is aiming for 4% growth in lending volume and 4-6% growth in savings assets by the end of 2025 by improving its digital services, the bank said …
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Italy makes fresh attempt at pension reform as debt worries mount
by Reutersby ReutersBy Giuseppe Fonte and Gavin Jones ROME – Italy is working on a reform to make it easier for workers to retire early without bloating what is already Europe’s second …
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-Retailer Canadian Tire Corp Ltd beat Wall Street estimates for quarterly profit and revenue on Thursday, as consumers splurged on sporting goods, garden equipment and home decor during the holiday …
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Financial News
Russian lender TCS picks payments firm BPC for Philippines expansion
by Reutersby ReutersMOSCOW -TCS Group Holding, which runs Russia’s largest online bank, Tinkoff, will partner with payment solutions provider BPC in the Philippines as it pushes ahead with expansion into Asian markets, …
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Financial News
Emerging markets better equipped to deal with Fed rate hike cycle – S&P
by Reutersby ReutersLONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming monetary tightening policy cycle, ratings …
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Financial News
Spanish exports top pre-pandemic levels despite Brexit, supply chain
by Reutersby ReutersBy Belén Carreño MADRID – Exports of Spanish goods soared 21.2% last year to surpass pre-pandemic levels despite global supply chain problems and the impact of Brexit, although Spain’s trade …
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Financial News
Russia ready to increase gas supplies to Italy, ambassador says
by Reutersby ReutersMILAN – Russian President Vladimir Putin has told Italy that Russia is ready to increase its gas supplies to the country if needed, the Russian ambassador to Italy Sergey Razov …
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LONDON – Standard Chartered Chief Executive Bill Winters is keen to stay at the bank at least until the delivery of its new goal to hit a double-digit return by …
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Financial News
Paris, London, Tokyo and now Atlanta: Kering eyes U.S. expansion
by Reutersby ReutersPARIS – French luxury group and Gucci owner Kering is eyeing second- and third-tier cities for possible store expansion in the United States, where its sales are booming, Chairman and …
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By Jesús Aguado MADRID – Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly …
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Nestle confident cost inflation won’t take a bite out of margins
by Reutersby ReutersBy Silke Koltrowitz ZURICH -Food group Nestle is confident of defending its profit margins against mounting cost pressures this year, planning more price increases after they helped it beat sales …
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By Shivani Tanna and Mrinmay Dey -Amazon.com Inc has reached agreement with Visa Inc to accept its credit cards across its network, ending a standoff between the two that threatened …
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Seven in 10 UK exporters find no boost from EU trade deal – BCC
by Reutersby ReutersBy David Milliken LONDON – More than seven out of 10 British exporters have found no benefit from the trade deal that Britain agreed with the European Union after Brexit, …
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Financial News
Volkswagen in talks with Huawei on autonomous driving unit – Manager Magazin
by Reutersby ReutersBERLIN – Germany’s Volkswagen is in talks with China’s Huawei about acquiring an autonomous driving unit for billions of euros, Manager Magazin reported on Thursday. Automakers and technology firms are …
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Financial News
Israel’s Tower Semiconductor profit jumps amid pending sale to Intel
by Reutersby ReutersJERUSALEM – Tower Semiconductor on Thursday reported a higher than expected rise in quarterly profit, days after Intel Corp said it planned to buy the Israeli chipmaker. The company, previously …