(Reuters) – Social media platform X, formerly Twitter, plans to launch video and audio calls as owner Elon Musk races to build an “everything app” to stay ahead of competition from M[...]
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August 31, 2023
China developer Vanke sees pressure on profit amid market downturn
HONG KONG (Reuters) – Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, but that would not hurt its cashflow[...]
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Sage Therapeutics to cut about 188 jobs after depression drug setback
(Reuters) -Sage Therapeutics said on Thursday it plans to lay off about 188 people, or about 40% of its workforce, weeks after the U.S. health regulator declined to approve its drug to treat major dep[...]
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California case could deal blow to high-interest online lenders
By Jody Godoy (Reuters) – A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state law, which would deal a blow to finance companies t[...]
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AI startup Speak raises $16 million in latest funding led by Lachy Groom
(Reuters) – Speak, an artificial intelligence (AI)-backed English language learning platform, said on Thursday that it has raised $16 million in fresh funding led by venture capitalist Lachy Gro[...]
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Factbox-Key figures for UBS, including Credit Suisse
(Reuters) -Following are some key figures from UBS’s second-quarter report, its first earnings announcement since taking over rival Credit Suisse. Group-wide UBS results include just one month o[...]
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Marketmind: Rates dice, AI arms race and G20 snub
A look at the day ahead in U.S. and global markets from Mike Dolan World markets are ending a bumpy August in better sharp that the dire first half of the month – but inflation and interest rate[...]
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Proxy adviser Ethos: UBS should have spun off CS’ Swiss business
ZURICH (Reuters) -UBS should have spun off Credit Suisse’s Swiss business, proxy adviser Ethos said on Thursday, after Switzerland’s No. 1 bank annnounced plans to fully integrate its form[...]
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ECB’s Holzmann leaning towards September rate hike
(Reuters) – The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation ste[...]
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