(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted. “We are heading for a downturn and it varies region to region,” said…
MILAN (Reuters) -Four-time Italian prime minister and billionaire media tycoon Silvio Berlusconi, who died on Monday at the age of 86, never publicly indicated who should lead his business empire after his death. The future of his business interests will likely depend on how he has chosen to distribute his 61% stake in family holding…
(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week’s surprise rate increases in Canada and Australia, is not to take anything…
By Blake Brittain (Reuters) – The U.S. Supreme Court handed brand owners a win against parody products on Thursday when it ruled that “Bad Spaniels” dog toys resembling Jack Daniel’s whiskey bottles are not shielded by the U.S. Constitution from the liquor maker’s trademark lawsuit. The decision is likely to force companies to toe a…
By Sam Nussey TOKYO (Reuters) -The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him “quite optimistic” about prospects for global coordination on artificial intelligence (AI). The public face of the startup, backed by Microsoft Corp, has been on a whirlwind tour looking to capitalise on interest in…
BEIJING (Reuters) – China firmly opposes U.S. inclusion of two more companies, and some of their units, on a list of entities accused of alleged human rights abuses, the commerce ministry said on Monday. The action taken by the United States lacks factual basis and transparency, the ministry said, adding China will take necessary measures…
By Sarah N. Lynch WASHINGTON (Reuters) -Former U.S. Attorney General William Barr on Sunday defended Special Counsel Jack Smith’s 37-count indictment against Donald Trump on Sunday, saying if the allegations the former president willfully retained hundreds of highly classified documents are proven true, then “he’s toast.” “I was shocked by the degree of sensitivity of…
By Jessica DiNapoli NEW YORK (Reuters) -Ahold Delhaize has hit “roughly half” its goal to grow revenue from businesses beyond grocery stores to 1 billion euros by 2025, CEO Frans Muller told Reuters, an effort focused on selling ads on its supermarkets’ websites and monetising insights on consumer data. Grocers like Ahold Delhaize are building…
MOSCOW (Reuters) -A U.S. musician and former paratrooper has been arrested in Moscow on drug dealing charges and his court appearance, locked in a metal cage, has been shown on Russian state television. Russia’s court system named the detained American as Michael Travis Leake, 51, who was formerly a songwriter and musician in the Russian…
By Nathan Layne (Reuters) -Former President Donald Trump used the first public appearance since his federal indictment to ratchet up attacks on the Justice Department, accusing prosecutors, without evidence, of a politically motivated campaign to keep him from the White House. Speaking on Saturday at Georgia’s state Republican convention, Trump alleged that President Joe Biden,…
