(Reuters) – Alphabet Inc’s Waymo is focusing on its ride-hailing service, Waymo One, while pushing back its efforts to develop commercial autonomous trucking technology, the self-driving unit said on Wednesday. Autonomous driving software has come under strong regulatory scrutiny at a time when investors are concerned about heavy investments in the technology amid protracted development…
BEIRUT (Reuters) – Lebanon’s longtime central bank governor Riad Salameh defended his record on Wednesday in a televised interview just days before he is set to leave office, denying he embezzled public funds and saying his policies benefited the economy. Salameh, whose 30-year tenure as governor has been stained by a deepening financial crisis and…
Welcome to today’s briefing, where we delve into the world of AI and its impact on the market. Please note that we are using Microsoft Corp (NASDAQ:MSFT) as an illustration to discuss the broader picture. Last year, The Arora Report was among the pioneers emphasizing the significance of new generative AI technology. We were ahead…
The market is abuzz with enthusiasm as Canopy Growth Corporation (NASDAQ:CGC) shares exhibit a strong upward trend on this eventful Wednesday. An interesting observation is that the stock seems to be closely influenced by the performance of Tilray Brands, Inc. (NASDAQ:TLRY). Tilray has recently released its fourth-quarter and fiscal year 2023 financial results, surpassing analysts’…
By Jacqueline Thomsen (Reuters) – Rudy Giuliani, onetime attorney for former U.S. President Donald Trump, admitted in a court filing late Tuesday that he made defamatory statements about a pair of Georgia election workers. Giuliani told a federal court in Washington that he does not dispute that comments he made about Wandrea “Shaye” Moss and…
By Tim Hepher PARIS (Reuters) -Europe’s Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output. The world’s largest planemaker said adjusted earnings before interest and tax rose 34% to 1.845 billion euros…
(Reuters) -EBay forecast third-quarter profit below market expectations on Thursday as the e-commerce platform spent more to bolster categories such as auto parts, refurbished goods and collectibles, sending its shares down 4.5% after the bell. The company had in June acquired Certilogo, a provider of AI-powered apparel authentication, and bought trading cards marketplace TCGplayer last…
KYIV (Reuters) -Russia targeted the regions of Kyiv, Khmelnytskiy and Kirovohrad in a second missile strike on Ukraine on Wednesday, and its air force chief said the barrage had been repelled. Air Force Commander Mykola Oleshchuk, writing on Telegram, said anti-aircraft units had downed 36 targets – three Kalibr cruise missiles and 33 Kh-101/Kh-555 cruise…
SEOUL (Reuters) – South Korean manufacturers’ business optimism in August hit its highest level in seven months, a central bank survey showed on Thursday, as concern about raw material prices eased. The business outlook index for August rose to 71 on a seasonally adjusted basis from 69 for July, according to the Bank of Korea’s…
NEW YORK (Reuters) – The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The rate hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight…
