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(Reuters) -Bank of England policymaker Catherine Mann said companies will struggle to raise prices this year as consumers are hit by job losses and spending softens, the Financial Times reported on Tuesday. Price increases in the year ahead would be consistent with the bank’s target, Mann said in an interview with the newspaper, adding that …

Bank of England’s Mann sees consumer pricing near target in year ahead, FT reports Read More »

A look at the day ahead in European and global markets from Tom Westbrook Gold made a foray towards the $3,000-an-ounce mark in the Asia session overnight, touching $2,942, functioning as markets’ release valve for the unpredictability of Donald Trump. Central banks have been big buyers for months, along with investors seeking safety. Worries about …

Morning Bid: Of trade wars and (EV) price wars Read More »

(Reuters) – OpenAI CEO Sam Altman told staff in a message that the company’s board of directors intends to make clear it has no interest in Elon Musk’s “supposed bid”, the Information reported on Monday. Earlier in the day, a consortium led by Musk offered $97.4 billion to buy the nonprofit that controls OpenAI. (Reporting …

OpenAI CEO says board will reject Musk’s $97 billion offer, the Information reports Read More »

By Jeffrey Dastin, Florence Loeve, Elizabeth Howcroft PARIS (Reuters) -Europe will cut back on regulation to make it easier for artificial intelligence to flourish in the region, French President Emmanuel Macron told an AI summit in Paris on Monday, urging investment in the EU – and more specifically in France. The European Union’s digital chief …

Seeking AI boom, France and EU promise to cut red tape on tech Read More »

By Shivansh Tiwary, Medha Singh and Chibuike Oguh NEW YORK (Reuters) -Shares of U.S. steel and aluminum producers rose on Monday, while their European and Asian counterparts fell a day after President Donald Trump announced plans to impose fresh metal import tariffs. On Sunday, Trump said he would impose a 25% tariff increase on all …

US steel makers stocks rise, foreign peers fall on Trump tariff plans Read More »

ZURICH (Reuters) -UBS should have more clarity on the amount of capital it will need to hold under new Swiss banking regulations currently being drawn up, CEO Sergio Ermotti said on Monday. Switzerland has pledged to put in place stricter banking rules since the 2023 collapse of Credit Suisse, which was then taken over by …

UBS CEO expects more clarity on capital rules in May Read More »

By Jonathan Stempel NEW YORK (Reuters) – A former UBS bond strategist who persuaded the U.S. Supreme Court to make it easier for corporate whistleblowers to win retaliation lawsuits suffered a setback on Monday, as a jury verdict awarding him back pay and other damages was thrown out. In a 2-1 decision, the 2nd U.S. …

UBS whistleblower verdict thrown out despite US Supreme Court win Read More »

LONDON (Reuters) – Britain’s Treasury Select Committee has asked nine big banks and and building societies for details of recent systems failings, including the impact on customers, following outages at Barclays and Lloyds Banking Group earlier this month. The cross-party group of lawmakers asked banks on Monday for the number of instances and the amount …

British lawmakers demand banks explain outages following Barclays disruption Read More »