By Noel Randewich and Akash Sriram (Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in artificial intelligence (AI) for the second quarter in a row but their results on Tuesday suggested that any substantial additions to sales will be slow. The tech behemoths have launched an array of products that they promise are…
WARSAW (Reuters) – Microsoft will build a data centre in Poland, the company’s President for Europe, the Middle east and Africa (EMEA) said on Wednesday at the European Economic Congress in the southern city of Katowice. (This story has been corrected to say that the data centre has been launched, instead of that it will…
SHANGHAI (Reuters) – Leaders from a top U.S. business lobbying group said on Wednesday that Beijing’s probe against U.S.-based chipmaker Micron Technology Inc marked a “major concern” for other companies operating in the country. In the absence of data or “real evidence showing that Micron’s products provided or stood as an example of a particular…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Sompo Holdings Inc will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a senior executive said. “We rapidly shifted capital allocations to overseas to secure…
By Tim Hepher PARIS (Reuters) -French aero engine maker Safran unveiled stronger than expected quarterly revenues on Wednesday, buoyed by a swift recovery in air travel, but predicted problems with aviation’s supply chain could drag into next year. “The (pandemic) demand crisis is well and truly behind us,” Chief Executive Olivier Andries said after reporting…
By Bill Trott (Reuters) -Harry Belafonte, a singer, songwriter and groundbreaking actor who started his entertainment career belting “Day O” in his 1950s hit song “Banana Boat” before turning to political activism, has died at the age of 96. Belafonte died of congestive heart failure at his home in New York on Tuesday with his…
LONDON (Reuters) – The cost of insuring exposure to United States sovereign debt rose to its highest since 2011 on Wednesday, driven up by unease that the government could hit its debt ceiling sooner than expected. Spreads on U.S. five-year credit default swaps widened to 62 basis points, data from S&P Global Market Intelligence showed,…
By Mike Dolan LONDON (Reuters) – Growing wealth inequality and rise of the digital economy may well have combined to undermine the entire banking system – in an intriguing connection that potentially helps tie up some loose ends in world markets. Many investment strategists have for years seen the ebb and flow of world liquidity…
SEOUL (Reuters) – Possible U.S. presidential candidate Ron DeSantis called on Wednesday for greater cooperation with South Korea as he visited Seoul on the second leg of a trip seen aimed at burnishing his foreign policy credentials for a presidential run. DeSantis, in a meeting with Prime Minister Han Duck-soo, vowed support for South Korean…
By Luc Cohen, Jack Queen and Jonathan Stempel NEW YORK (Reuters) – E. Jean Carroll’s accusation that Donald Trump raped her was not a “he said, she said” dispute, a lawyer representing the writer told jurors on Tuesday as a civil trial over the former U.S. president’s conduct nearly three decades ago got under way….
