(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually concentrated rally in a handful of technology stocks. It said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s…
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares climbed on Wednesday after robust U.S. data overnight soothed concerns about a steep economic slowdown, even as ECB President Christine Lagarde warned that the central bank was still not seeing enough evidence of an inflation cool-down. The pan-European STOXX 600 index closed…
By David Shepardson (Reuters) -A New York City plan to charge a daily toll on vehicles entering or remaining in the central business district got a boost on Monday from the U.S. Department of Transportation, which said the city had adequately assessed how the congestion charge would help the environment. The department’s Federal Highway Administration…
By Jonathan Landay WASHINGTON (Reuters) – Solid majorities of Americans support providing weaponry to Ukraine to defend itself against Russia and believe that such aid demonstrates to China and other U.S. rivals a will to protect U.S. interests and allies, according to a Reuters/Ipsos survey. The two-day poll that was concluded on Tuesday charted a…
By Johan Ahlander and Sameer Manekar LONDON (Reuters) -Zeekr, Geely Automobile’s electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing number of Chinese EV makers launching vehicles in Europe. Deliveries for the Zeekr 001 estate and the Zeekr X SUV…
By Phil Stewart, Idrees Ali WASHINGTON (Reuters) -The United States is examining how the Wagner Group’s short-lived mutiny against Russia’s military establishment might affect the mercenaries’ operations in the Middle East and Africa, officials said. Wagner leader Yevgeny Prigozhin startled the world by leading an armed revolt on Saturday that brought his fighters from the…
(Reuters) -Russian mercenary leader Yevgeny Prigozhin flew into exile in Belarus on Tuesday under a deal that ended a brief mutiny by his fighters, as President Vladimir Putin praised his armed forces for averting a civil war. A plane linked to Prigozhin was shown on a flight tracking service taking off from the southern Russian…
By Jonathan Stempel (Reuters) – A U.S. judge has dismissed a lawsuit against Amazon.com Inc brought by the parents of two teenagers who committed suicide by consuming sodium nitrite they bought on the online retailer’s platform. U.S. District Judge James Robart in Seattle on Tuesday rejected claims by the parents of Ethan McCarthy and Kristine…
By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell reiterated Wednesday that more rate rises likely lie ahead for the central bank, and did not rule out a boost in the cost of borrowing at a policy meeting scheduled for the end of July. “We’ve come a long way” with rate rises, Powell said…
By Andrew Osborn LONDON (Reuters) -Belarusian leader Alexander Lukashenko is usually the one thanking Russia’s Vladimir Putin or asking him for a favour – be it a loan, cheap gas, help in navigating protests or tactical nuclear weapons. This time, the shoe is on the other foot. While the full extent of Lukashenko’s role in…
