By Foo Yun Chee BRUSSELS (Reuters) – Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet unit said on Thursday. Known as the Digital Services Act (DSA), the new rules are more onerous …
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By Susan Mathew, Chavi Mehta and Chibuike Oguh (Reuters) -Shares of Nvidia rose as much as 6.7% on Thursday, hitting an all-time high, after the company unveiled a $25 billion stock buyback plan and record quarterly revenue powered by strong demand for its artificial intelligence (AI)-focused chips. Nvidia closed up 0.12% at $471.74 the day …
Nvidia’s $25 billion buyback plan, results lift stock to record high Read More »
By Sourasis Bose (Reuters) – SolarEdge Technologies said it was not looking to cut prices for its solar inverters till the end of the year despite a dip in near-term demand from Europe, betting on cheaper panels to increase affordability for consumers. Energy costs in Europe, the company’s largest market, have spiraled since Russia invaded …
SolarEdge not to cut inverter prices as panels become cheaper Read More »
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Thursday that deep geothermal energy had great potential for heat generation in Germany, as Berlin aims to phase out fossil fuels in its heating system. Germany is home to one Europe’s biggest geothermal reserves, which have been largely untapped but surging energy prices last year triggered …
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LONDON (Reuters) -Britain’s Serious Fraud Office (SFO) has dropped two high-profile corruption probes, into Kazakh miner ENRC and Australian-British miner Rio Tinto, according to updates on its website on Thursday, in the latest blow to the watchdog. Former FTSE 100 company ENRC was under investigation from 2013 in relation to alleged bribery to secure mining …
UK’s SFO drops probes into Kazakh miner ENRC, Rio Tinto Read More »
By Siddarth S and Khushi Singh (Reuters) -UK stocks ended mixed on Thursday as early optimism on Wall Street faded, with investors growing cautious ahead of the annual Jackson Hole summit where Federal Reserve Chair Jerome Powell could offer signals on the path of U.S. interest rates. The exporter-heavy FTSE 100 index edged up 0.2%, …
UK stocks end mixed, Jackson Hole summit in focus Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares closed in the red on Thursday, as the early rally in chipmakers fizzled and miners snapped a three-day winning streak, while concerns over any economic downturn kept investors on edge. The pan-European STOXX 600 fell 0.4%, reversing from a more than 1% jump to a one-week …
European shares fall as chipmakers surrender gains, economic woes loom Read More »
By Yoruk Bahceli (Reuters) – Belgium saw around 1 billion euros ($1.08 billion) of demand from savers for a new bond launched on Thursday, its debt agency told Reuters, a strong start for the sale aimed at pressuring banks to raise their deposit rates. European lenders awash with cash have been resisting raising savings rates …
Savers dash for Belgian bond aimed at pushing banks to raise deposit rates Read More »
OSLO (Reuters) -Norwegian Air said on Thursday inflationary pressure had forced it to scrap its cost reduction target as it reported second-quarter earnings below expectations, and flagged it was looking into how it would pay its first-ever dividend. Demand for air travel in Europe, meanwhile, has been strong and the carrier said September-October bookings remained …
Norwegian Air drops cost-cutting target as inflation stings Read More »
(Amends paragraph 1 to paring back business) (Reuters) -Austria’s Uniqa and Raiffeisen Bank are to sell their stakes in Raiffeisen Life to Russian insurer Renaissance Life, becoming the latest move by Western companies to pare back business in Russia. The parties have agreed to keep the acquisition price confidential, Uniqa said in a statement on …
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