Bank of England raises rates and Bailey promises to ‘stay the course’
By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England raised its key interest rate by a quarter…
Business
US weekly jobless claims hit 1-1/2-year high; inflation subsiding
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits jumped to a 1-1/2-year…
Citgo posts $937 million first-quarter profit on strong margins
By Marianna Parraga HOUSTON (Reuters) -Refiner Citgo Petroleum Corp has reported first-quarter net profit of $937 million on firm motor…
European shares run out of steam by close as Bayer, energy stocks weigh
By Ankika Biswas and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 was unchanged on Thursday as a drag by Germany’s…
Lithium miners surge as Allkem-Livent tie up fuels M&A hopes
By Melanie Burton MELBOURNE (Reuters) – Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in…
Russia fines Google over ‘LGBT propaganda’ and ‘false information’ – agencies
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google <GOOGL.O> 3 million roubles ($38,600) on Thursday for failing to delete…
Nissan expects 38% full-year profit rise on stronger sales outlook
By Daniel Leussink TOKYO (Reuters) -Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on…
From PaLM to Sidekick, Google serves up a ‘smorgasbord’ of AI
By Greg Bensinger (Reuters) -Google announced a flurry of artificial intelligence products – but users might need AI just to…
Climate change not ‘serious risk’ to financial stability, Fed’s Waller says
By Howard Schneider WASHINGTON (Reuters) -Climate change does not pose such “significantly unique or material” financial stability risks that the…
Electric vehicle maker Polestar cuts production guidance, jobs
By Marie Mannes STOCKHOLM (Reuters) – Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and…