(Reuters) -Alphabet Inc shares fell as much as 4% on Monday following a report South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from…
LONDON (Reuters) – As the need for climate action intensifies, governments and industries are exploring how to remove carbon dioxide (CO2) from the atmosphere. The U.S. government has offered $3.5 billion in grants to companies that will capture and permanently store the gas using a process known as Direct Air Capture (DAC). Here’s how the…
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest rates tick back higher again as the March banking wobble subsides. China’s economy grew at a faster-than-expected 4.5% pace in the first quarter,…
(Reuters) – Italy’s trade balance with the rest of the world swung to a surplus in February from a deficit a year earlier thanks mainly to the declining cost of energy imports, national statistics bureau ISTAT reported on Tuesday. Italy posted a trade surplus with the rest of the world of 2.108 billion euros ($2.31…
By Tim Hepher PARIS (Reuters) – Airbus has started notifying airlines about delivery delays in 2024 for its best-selling A320neo family of jets, with several hundred of the single-aisle planes set to be postponed by as much as three months, industry sources said on Tuesday. Airbus confirmed unspecified delays for 2024 in a statement to…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service declared on Tuesday that it is completing its first “normal” tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared. New IRS Commissioner Danny Werfel told reporters that the initial spending…
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan and Citi upgraded their annual economic growth forecast for the world’s second-largest economy by 40 basis points to 6.4% and 6.1% year-on-year, respectively….
By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion. China Mobile in recent weeks sent a…
TOKYO (Reuters) – The average sales price for newly-built apartment units in Japan’s metropolitan Tokyo area jumped to 143.6 million yen ($1.07 million) in March, topping the 100 million yen mark for the first time, data showed on Tuesday. The price, which has more than doubled from the same month last year and is the…
(Reuters) – Adani Group’s debt pile rose almost 21% over the past year and the proportion held by global banks rose to nearly a third, Bloomberg News reported on Tuesday. Around 29% of the Indian conglomerate’s borrowings were with global international banks at the end of March, the report added, citing people familiar with the…
