BlackRock says AI ‘mega-force’ to buck tough macro trend
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic…
Business
European shares up as robust U.S. data soothes recession jitters, chip stocks rally
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares climbed on Wednesday after robust U.S. data…
China’s EV maker Zeekr opens orders for two luxury cars in Sweden, Netherlands
By Johan Ahlander and Sameer Manekar LONDON (Reuters) -Zeekr, Geely Automobile’s electric brand, said on Wednesday that two of its…
Judge dismisses lawsuit claiming Amazon sold ‘suicide kits’ to teenagers
By Jonathan Stempel (Reuters) – A U.S. judge has dismissed a lawsuit against Amazon.com Inc brought by the parents of…
Fed’s Powell does not rule out rate rise at coming meetings
By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell reiterated Wednesday that more rate rises likely lie ahead for…
Honeywell to acquire heads-up display assets from Sweden’s Saab
(Reuters) – U.S. conglomerate Honeywell said on Wednesday it had agreed to acquire Swedish aerospace firm Saab’s heads-up display (HUD)…
UBS looks to axe 30% of staff and keep Credit Suisse’s domestic business – source
By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency…
Trafigura sued for $8.4 million by firm owned by tycoons Reuben Brothers
By Eric Onstad LONDON (Reuters) – Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded…
‘Call of Duty’ maker to invest in Barcelona after EU approves Microsoft deal
By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in…
Stellantis to end gearbox production at Vienna plant, 300 jobs impacted
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production…