By Abigail Summerville, Granth Vanaik and Jasper Ward (Reuters) -The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Cap[...]
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April 23, 2024
Where king dollar is causing pain the most
By Alun John and Dhara Ranasinghe LONDON (Reuters) – A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers from Tokyo to Beijing and[...]
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German business activity returns to growth in April, PMI survey shows
By Maria Martinez BERLIN (Reuters) – Germany’s private sector unexpectedly returned to growth in April, driven by a solid rise in activity in the country’s service sector, a preliminary su[...]
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Vietnam’s FPT to invest $200 million in AI factory using Nvidia chips
HANOI (Reuters) – Vietnam’s top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia’s graphics chips and software, the two firms said on Tue[...]
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Electric car sales to rise but affordability in focus, IEA says
By Noah Browning LONDON (Reuters) – Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, but affor[...]
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Morning Bid: Eyes on PMIs for rebound signs
A look at the day ahead in European and global markets from Tom Westbrook Purchasing Managers Index figures begin a data and corporate results heavy week. Recent manufacturing indicators have been pos[...]
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Exclusive-Injury rates for Musk’s SpaceX exceed industry average for second year
By Marisa Taylor WASHINGTON (Reuters) – Injury rates at SpaceX facilities continued to exceed an industry average in 2023, according to a Reuters review of safety data reported to U.S. regulator[...]
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Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says
SYDNEY (Reuters) – Blackstone-owned Crown Resorts was found suitable to retain its Sydney casino’s licence after nearly three years of intensive remediation, a gambling regulator said on T[...]
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Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Jana Partners is urging the world’s largest maker of silicon carbide Wolfspeed Inc to explore all ways to improve shareholder value,[...]
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