Reuters UK Business

By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc’s economy will contract again this quarter as consumers continue to rein in spending, a survey showed. Last quarter the economy contracted 0.1%, official data has shown, and Thursday’s flash Composite Purchasing Managers’ Index (PMI) …

Euro zone business activity fell again in Nov, stoking recession fears -PMI Read More »

By Aditya Soni (Reuters) – Sam Altman’s return as OpenAI’s chief executive will strengthen his grip on the startup and may leave the ChatGPT creator with fewer checks on his power as the company introduces technology that could upend industries, corporate governance experts and analysts said. OpenAI is bringing Altman back just days after his …

AI poster child Altman back at OpenAI, may have fewer checks on power Read More »

By Shashwat Chauhan and Khushi Singh (Reuters) -The UK’s FTSE 100 closed higher on Thursday as energy stocks gained, while investors parsed more economic data to gauge the state of the economy a day after Finance Minister Jeremy Hunt announced an interim budget. The commodities-heavy FTSE 100 gained 0.2%, as heavyweight energy stocks added 1.3% …

UK’s FTSE 100 logs first gain in four as energy stocks advance Read More »

By Shristi Achar A and Bansari Mayur Kamdar (Reuters) -European shares rose on Thursday, supported by gains in energy stocks, while investors digested minutes of the European Central Bank’s (ECB) October meeting where policymakers were cautiously optimistic about inflation falling in the euro zone. The pan-European STOXX 600 added 0.3%, extending gains to notch a …

European shares rise to fresh two-month peak as oil majors rally Read More »