By Shariq Khan BENGALURU (Reuters) -Oil prices rallied to a fresh three-month high on Monday and recorded their steepest monthly gains since January 2022, supported by signs of tightening global supply and rising demand through the rest of this year. More actively traded October Brent crude futures rose $1.02, or 1.2%, to settle at $85.43…
(Reuters) – Shares in Johnson & Johnson were down 4.1% on Monday and looked set for their biggest one-day percentage loss since June 2020 after a U.S. judge shot down its second attempt to resolve tens of thousands of talc-related lawsuits. Johnson & Johnson has now failed twice to resolve talc suits by offloading the…
By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and moved to unify its multiple exchange rates, President Bola Tinubu said on Monday. Tinubu is under pressure as prices soar following the country’s boldest reforms…
By Brendan Pierson (Reuters) -Healthcare providers and an abortion rights group on Monday sued Alabama in an effort to block the state from criminally prosecuting people who help others travel out of state to get abortions. In a lawsuit filed in Montgomery, Alabama federal court, the West Alabama Women’s Center, the Alabama Women’s Center and…
OpenAI, the company behind the popular AI system ChatGPT, has taken a step towards the future by filing a trademark application for ChatGPT-5. The news was shared by trademark lawyer Josh Gerben in a tweet on Monday, revealing that the filing was made with the USPTO on July 18th. Since the successful launch of ChatGPT…
Bernstein’s outlook for Nvidia appears more positive, bolstered by the latest news from major cloud-computing vendors regarding their AI spending plans. The technology analysts at Bernstein downplayed short-term and medium-term risks of an AI infrastructure oversupply leading to a potential boom and bust cycle for Nvidia’s semiconductors. Instead, they see robust customer demand for Nvidia…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank unanimously held the benchmark interest rate at 13.25% for the second time in a row on Monday, amid slowing inflation which has removed pressure for further hikes but remains too high for borrowing cost cuts. Inflation remains at high levels compared to the…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden on Monday described how he once bloodied the nose of a neighborhood bully when he was a wee lad, egged on by his Irish-American mother. Biden, who gives few one-on-one interviews and holds few news conferences, taped an extensive interview with British podcaster Jay Shetty, whose…
By Joseph Ax (Reuters) -A Georgia judge on Monday rejected former U.S. President Donald Trump’s bid to quash an investigation into whether he illegally interfered with the state’s 2020 election, just days before criminal charges are expected to be filed. Fulton County Superior Court Judge Robert McBurney denied Trump’s request to disqualify the lead prosecutor,…
By Lucy Craymer and Joe Cash AUCKLAND/BEIJING (Reuters) – China should be able to meet standards set out in a major trans-Pacific trade pact, trade experts say, forcing members to make a politically uncomfortable decision on whether to let Beijing join a deal created to counter its growing influence. Britain joined the Comprehensive Progressive Trans-Pacific…
