Too high for comfort: Five questions for the ECB
Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday.
With some stability ...
Currencies in limbo awaiting packed week of central banks
Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer ...
Why are Hollywood writers threatening to strike?
Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they ...
JPMorgan to buy First Republic’s assets and assume deposits
JPMorgan Chase & Co (JPM.N) will buy most of First Republic Bank’s (FRC.N) assets in a last-ditch rescue led by US regulators, marking the third major US ...
Italy approves May Day labour package amid union criticism
Italy’s right-wing government on Monday approved measures to boost job creation and workers’ pay, amid hostile reactions from unions and opposition parties over accompanying welfare cuts and looser rules ...
US Treasury encouraged by First Republic resolution, says banking system remains sound
The U.S. Treasury Department is encouraged that First Republic Bank FRC.N was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking ...
JPMorgan snaps up First Republic’s assets in US auction
JPMorgan Chase & Co JPM.N said on Monday it will buy most of First Republic Bank’s FRC.N assets after regulators seized the troubled lender at the weekend, ...
Skilled, educated and washing dishes: how Italy squanders migrant talent
Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci.
...
Moving away from the dollar: the impact of sanctions and technology
By Maria Demertzis
“Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...
Another scandal at the World Bank
By George M. Georgiou
In 2021 the World Bank became embroiled in a scandal involving its flagship publication Doing Business. An independent investigation by the law firm WilmerHale, published in September 2021, ...
Sony expects profit to slip after record year
Sony Group Corp (6758.T) said on Friday it expects this business year’s operating profit to slip from a record high as lower income from financial services offsets gains in ...
Inside Meta’s scramble to catch up on AI
As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability ...
The quest for hypersonic and hydrogen-fuelled air travel
By Tom Cassauwers
The passenger planes of today are based on designs that have been fundamentally the same for decades. This means that flight times have also changed very little.
...
Nvidia releases software tools to help chatbots watch their language
Nvidia Corp (NVDA.O), a major supplier of chips and computing systems for artificial intelligence, on Tuesday released a set of software tools aimed at helping chatbots watch their language.
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Amazon sees cloud slowdown in April, shares erase gains
Amazon.com Inc (AMZN.O) signaled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the ...
British business morale hits 11-month high in April
British businesses were their most optimistic in nearly a year in April, boosted by growing hopes about the economy, according to a Lloyds Bank survey on Friday that could add ...
Etihad Airways plans to triple passengers, double fleet amid strategy shift
Abu Dhabi-based Etihad Airways aims to triple the number of passengers it carriers to 30 million and nearly double its fleet to 150 planes by the end of the decade, the airline’...
NatWest beats profit forecasts despite UK inflation squeeze
British bank NatWest (NWG.L) posted better than expected profit for the first three months of 2023 as income soared 37 per cent, even as inflation hammered households and fierce pricing competition ...
World’s biggest bond markets left picking up the pieces after March mayhem
In mid-March, as prices for US Treasury bonds swung wildly following the collapse of Silicon Valley Bank, the trading desk at Legal & General Investment Management hit its top limits ...
EU study finds underrepresentation of women designers
A recent study published by the European Union Intellectual Property Office (EUIPO) has highlighted the significant gender gap and wage disparity in the design industry within the EU.
The study, ...
Egypt’s economy seen growing 4 per cent this fiscal year as currency weakens
Egypt’s economy will grow 4.0 per cent this fiscal year and 4.5 per cent next even as it endures a continuing depreciation in its currency, a Reuters poll showed on Thursday, ...
Toyota edges past 9.1 mln vehicle output goal, warns chip shortage lingering
Japan’s Toyota Motor Corp (7203.T) set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption ...
Elon, or deepfake? Musk must face questions on Autopilot statements
A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding the safety and capabilities of the carmaker’s ...
Barclays beats profit expectations on credit card boom
Barclays reported better than expected first-quarter profit on Thursday after a strong performance from its credit card business offset pressure on other business lines.
The British bank’s pretax profit ...