(Reuters) – Instagram is considering the launch of a separate app for its short-form video feature, Reels, its chief Adam Mosseri told staff this week, the Information reported on Wednesday, citing a person who heard the remarks. The Meta-owned company is looking to take advantage of TikTok’s uncertain status in the United States, aiming to …
Instagram may launch Reels as separate app, the Information reports Read More »
By Padraic Halpin DUBLIN (Reuters) -CRH forecast core profit growth of 6% to 12% in 2025 after the largest building materials producer in the United States and Europe on Wednesday posted 12% growth for 2024 on strong infrastructure and non-residential activity. The Irish-based, U.S.-listed firm said it did not expect a let-up this year in …
Building materials producer CRH forecasts further profit growth after 12% jump in 2024 Read More »
(Reuters) – Bitcoin, the world’s largest cryptocurrency by market value, dropped 5% to $84,201 at 21:56 GMT on Wednesday. Number two cryptocurrency Ether, gained 1.58% as of 22:06 GMT.
By Kalea Hall DETROIT (Reuters) -General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6-billion share buyback program. Shares of the automaker rose about 6% in morning trading. The U.S. automaker said it expected to repurchase $2 billion of shares by the first half of this year, …
GM to increase dividend 25%, buy back another $6 billion of shares Read More »
By Olena Harmash, Tom Balmforth, Yuliia Dysa and Trevor Hunnicutt KYIV/WASHINGTON (Reuters) – U.S. President Donald Trump said Volodymyr Zelenskiy would visit Washington on Friday to sign an agreement on rare earth minerals, while the Ukrainian leader said the success of the deal would hinge on those talks and continued U.S. aid. Under the deal, …
Trump confirms Zelenskiy visit to sign Ukraine minerals deal Read More »
By Nicole Jao NEW YORK (Reuters) – Oil prices fell to two-month lows on Wednesday as a surprise build in U.S. fuel stockpiles signalled demand weakness and a potential peace deal between Russia and Ukraine continued to weigh on prices. Brent crude settled down 49 cents, or 0.67%, at $72.53 a barrel. U.S. West Texas …
Oil falls, settles at 2-month low as US fuel inventories rise Read More »
CAPE TOWN (Reuters) – Germany’s incoming government must address the economy’s structural faults quickly and should reform fiscal rules to allow for greater investment in Europe’s largest economy, Bundesbank President Joachim Nagel said on Wednesday. Germany’s economy contracted for the past two years and will stagnate at best in 2025 as its vast manufacturing sector …
New German government must quickly address faltering growth, Bundesbank says Read More »
By Stephen Nellis (Reuters) -U.S. officials are examining whether the UK broke a bilateral agreement by reportedly demanding that Apple build a “backdoor” allowing the British government to access backups of data in the company’s encrypted cloud storage systems. Apple last week withdrew an encrypted storage feature for UK users, after reports that it had …
US examining whether UK’s encryption demand on Apple broke data treaty Read More »
(Reuters) – Nivea maker Beiersdorf said on Thursday it will launch a share buyback program of up to 500 million euros ($524.85 million) in 2025. ($1 = 0.9527 euros) (Reporting by Bipasha Dey in Bengaluru; Editing by Alan Barona)
By Sergio Goncalves LISBON (Reuters) – Wind power producer EDP Renovaveis posted an unexpected 2024 net loss of 556 million euros ($584 million) on Wednesday, citing one-off charges on projects in Colombia and the United States, partly due to the new U.S. administration’s stance on offshore wind. The renewables arm of Portugal’s EDP said …
EDPR posts unexpected loss on heavy impairments in US, Colombia Read More »
