KAMPALA (Reuters) – Uganda has signed an agreement with Saudi Arabia’s Islamic Development Bank (IDB) for a $295 million loan to fund road construction and other projects, the east African[...]
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April 30, 2024
Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says
By Stanley Widianto JAKARTA (Reuters) -Microsoft will invest $1.7 billion over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centr[...]
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Analysis-Tesla’s self-driving bid for China faces rivals racing ahead
SHANGHAI/BEIJING (Reuters) – If Tesla succeeds in bringing its “Full Self-Driving” system to China, the world’s largest car market, the U.S. electric-car pioneer will be shifti[...]
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Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
By Helen Reid LONDON (Reuters) – Online fast-fashion retailer Shein is courting brands like toothpaste conglomerate Colgate-Palmolive and toymaker Hasbro as it tries to sell more household names[...]
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Yen clings to gains after suspected intervention, eyes on Fed
By Brigid Riley TOKYO (Reuters) -The yen struggled to hold its line against the dollar on Tuesday after making sharp gains the previous day sparked by suspected intervention by Japanese authorities. T[...]
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Samsung says AI to drive technology demand in second half after strong Q1
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefitin[...]
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Morning Bid: Euro zone inflation on the deck as yen sways
A look at the day ahead in European and global markets from Ankur Banerjee: A data heavy session, headlined by euro zone inflation figures for April, awaits Europe in an action-packed week that got of[...]
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Japan’s top FX diplomat says ready to deal with yen around the clock
By Makiko Yamazaki and Kanupriya Kapoor TOKYO (Reuters) -Japan’s top currency diplomat Masato Kanda said on Tuesday authorities were ready to deal with foreign exchange matters around the clock[...]
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Asian central banks in good position to move independently of Fed, says IMF
By Kanupriya Kapoor SINGAPORE (Reuters) -Relatively lower inflation in Asia means the region’s central banks can focus more on domestic conditions and less on what the U.S. Federal Reserve might[...]
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