UBS overhauls leadership at wealth management division
ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss…
Business
UK house building slumps as interest rates rise
By David Milliken and Andy Bruce LONDON (Reuters) -British house building fell in June at the sharpest pace in more…
BoC to raise rates 25 bps on July 12, possibly the last: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates by a quarter-point for a second…
Small U.S. homebuilders tap the brakes as credit squeeze, rising rates hurt
By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by…
Pfizer makes equity investment in Caribou Biosciences
(Reuters) – Pfizer has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest small…
US labor market shows resilience on eve of June’s employment report
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week,…
Goldman Sachs says rising EV usage to power higher copper demand
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting…
AI robots could play future role as companions in care homes
By Emma Farge GENEVA (Reuters) – Nadine, a social robot powered by Artificial Intelligence (AI) with human-like gestures and expressions,…
Dish’s Charlie Ergen looks to merge Dish and EchoStar – Semafor
(Reuters) – Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar,…
Meta to launch Twitter challenger app Threads
By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon…