A look at the day ahead in U.S. and global markets from Mike Dolan Partly due to the absence of top-tier economic news this week, world markets have found a relatively calm plateau with stocks near th[...]
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May 21, 2024
Bitcoin rises to $70,206
(Reuters) – Bitcoin rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world’s biggest and best-known cryptocurrency is up 82.3% from the year’s low of[...]
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VinFast sued in the US for not paying rent for showroom
HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast is being sued in a California court for not having paid rent for a store, according to a complaint filed by real estate services[...]
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New Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister
(Fixes spelling in penultimate paragraph) By Anisha Sircar and Divya Chowdhury BENGALURU (Reuters) – Thailand’s new finance minister has refrained from pressuring the central bank and has[...]
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Exclusive-Apple supplier Foxconn among firms asked to cut power use in Vietnam, sources say
By Francesco Guarascio and Ben Blanchard HANOI/TAIPEI (Reuters) – Vietnamese officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30% at its assembly plants in the[...]
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Britain seeks to rein in Mastercard and Visa fees on retailers
By Huw Jones LONDON (Reuters) -There is little evidence that big fee hikes imposed by U.S. duo Visa and Mastercard on retailers have led to a major improvement in service, Britain’s Payment Syst[...]
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IBM makes more AI models open source and lands Saudi Arabia deal
By Stephen Nellis (Reuters) – International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi[...]
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Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
By Himanshi Akhand and Adwitiya Srivastava (Reuters) -Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for mobi[...]
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Cartier, LVMH look to stores outside Paris for Olympic retail boost
By Mimosa Spencer and Elisa Anzolin PARIS/MILAN (Reuters) – Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a su[...]
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