(Reuters) – The European Central Bank cannot yet declare victory over inflation but its next move is likely to be an interest rate cut some time this year, French central bank Governor Francois Villeroy de Galhau said in Davos on Tuesday. “Barring major surprises – we look at the Middle East – our next move …
ECB’s Villeroy: next move is a rate cut but date is open question Read More »
LONDON (Reuters) -British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after revenue growth accelerated in its fourth quarter. The business, a 50:50 joint venture between Ocado Group and Marks & Spencer, said its revenue rose 10.9% in the 13 …
Britain’s Ocado Retail returns to positive earnings in 2022/23 year Read More »
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Microsoft on Monday said consumers and small businesses can buy subscriptions to access more capabilities in its artificial intelligence “Copilot,” as it moves to grow sales beyond large enterprises. After introducing a free AI Copilot for its Bing search engine last year, Microsoft will offer what it calls …
Microsoft offers $20 consumer AI subscription to boost business Read More »
By Blake Brittain (Reuters) -A U.S. law enforcement agency has determined that Apple can use a redesign to bypass an import ban on newer Apple Watch models stemming from its patent infringement dispute with Masimo, the medical-monitoring technology company said in a court filing on Monday. The import ban, issued by the U.S. International Trade …
Redesigned Apple Watches not subject to import ban, US Customs says Read More »
By Kate Abnett BRUSSELS (Reuters) -Poland plans to set an end date for coal-fuelled power, the country’s Secretary of State for Climate Urszula Zielinska said on Monday, marking a shift from the previous government’s stance on climate change. Poland’s October 2023 election ended eight years of Law and Justice (PiS) party rule, and led to …
By Divya Chowdhury and Anisha Sircar DAVOS, Switzerland (Reuters) – Global executives are increasingly worried about the long term viability of their businesses, a PricewaterhouseCoopers pre-Davos survey showed, with pressures mounting from generative artificial intelligence (AI) and climate disruption. Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, …
CEOs fear for their firms in pre-Davos survey as AI, climate risks rise Read More »
CAIRO (Reuters) – The Yemeni Houthi movement will expand its targets to include U.S. ships, an official from the Iran-allied group said on Monday. “The ship doesn’t necessarily have to be heading to Israel for us to target it; it is enough for it to be American,” Nasruldeen Amer, a spokesperson for the Houthis, told …
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Drugmaker AstraZeneca has not seen any supply issues so far due to Red Sea shipping disruptions, a top executive told Reuters ahead of the World Economic Forum (WEF) on Monday. “We have specialized people monitoring the situation on a continuous basis. But so far, everything …
AstraZeneca says no supply snags so far from Red Sea disruptions Read More »
(Reuters) -Chinese tourism group Fosun is in advanced talks to sell its Thomas Cook brand to Polish online travel agent eSky, Sky News reported on Monday, citing sources. A deal with eSky, which is majority-owned by private equity firm MCI Capital, could be reached in coming weeks, according to the report. “We are currently looking …
Thomas Cook owner in advanced talks to sell brand – Sky News Read More »
By Greta Rosen Fondahn and Marie Mannes (Reuters) -Sweden’s Oscar Properties has reluctantly agreed to sell real estate at a discounted price of 2.2 billion Swedish crowns ($214 million) to repay loans from Norwegian bank DNB and other smaller creditors, the company said on Monday. High debts, rising interest rates and a weak economy have …
Sweden’s Oscar Properties sells real estate at discount to keep creditors at bay Read More »
