WASHINGTON (Reuters) – Production at U.S. factories increased more than expected in June, contributing to a solid rebound in output in the second quarter, though higher borrowing costs remain a[...]
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July 17, 2024
China’s industrial support programmes lack transparency, WTO says
By Emma Farge GENEVA (Reuters) -The World Trade Organization said on Wednesday that it was unable to get a clear picture of China’s financial support for key industrial sectors, such as electric[...]
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HSBC names veteran Elhedery as CEO, signals continuity in strategy
By Lawrence White LONDON (Reuters) -HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to kicks[...]
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Google, Microsoft offer Nvidia chips to Chinese companies, the Information reports
(Reuters) – Google and Microsoft’s cloud divisions are offering Chinese companies access to Nvidia’s AI chips by providing data center services in locations outside China, the Inform[...]
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Adidas and Thom Browne fight in UK court over striped trademarks
By Sam Tobin LONDON (Reuters) – Athletic wear giant Adidas and fashion house Thom Browne resumed their legal battle on Wednesday, with London’s High Court hearing the latest round of a glo[...]
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Prologis raises annual core FFO forecast on better demand, data center strength
(Reuters) – Warehouse-focused real estate investment trust (REIT) Prologis raised the lower end of its full-year forecast for core funds from operations (FFO) on Wednesday, banking on better dem[...]
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Apple backs $50 million fund to support Bay Area affordable housing
(Reuters) – Apple is partnering with the philanthropic arm of real estate firm Sobrato and two other California-based groups to launch a fund with an initial investment of $50 million to support[...]
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Northern Trust’s profit surges on fee income boost, accounting gain
(Reuters) – Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks to higher fee income and an accounting gain of $878.4 million f[...]
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Mercedes-Benz unit partners with Starbucks for fast-charging stations in US
(Reuters) – A Mercedes-Benz unit said on Wednesday it had partnered with Starbucks to deploy its fast-charging stations at more than 100 locations across the United States. The first phase of th[...]
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