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H&M launches first store in Brazil with local manufacturing ambitions

23 Aug 2025

(Fixes spelling error in headline) By Luciana Magalhaes SAO PAULO (Reuters) -Swedish fast-fashion retailer H&M opened its first physical store in Brazil on Saturday and launched online operations in the country, where it is already producing some items locally, including footwear and beachwear, an executive said. The short-term goal is to open four stores in …

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Foreign workers have boosted euro zone economy, ECB’s Lagarde says

23 Aug 2025

JACKSON HOLE, Wyoming (Reuters) -An influx of foreign workers has given the euro zone’s economy a boost in recent years, helping offset shorter working hours and lower real wages, European Central Bank President Christine Lagarde said on Saturday. Migration into the European Union pushed its population to a record last year despite declining births but …

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Analysis-Norway’s giant fund in election crosshairs over Israel investments

23 Aug 2025

By Gwladys Fouche OSLO/ARENDAL, Norway (Reuters) -Investments in Israel have taken centre stage in Norway’s election campaign, sparking an unusually public debate over how the world’s largest sovereign wealth fund operates. The row could help sway which political party leads Norway’s next government as the Sept. 8 election race is tight.  Right-wing parties – the …

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ECB rate cut talk may resume after September pause, sources say

23 Aug 2025

JACKSON HOLE, Wyoming (Reuters) -The European Central Bank is likely to keep interest rates on hold next month but discussions about further cuts may well resume in the autumn if the economy weakens, five sources told Reuters. ECB President Christine Lagarde said in July the euro zone’s central bank was “in a good place” as …

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Exclusive-Syria to revalue currency, dropping two zeros in bid for stability

23 Aug 2025

DAMASCUS (Reuters) -Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar with the matter and documents reviewed by Reuters. The step is intended to strengthen the Syrian pound after its purchasing power collapsed to record lows …

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Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push 

23 Aug 2025

By Krystal Hu (Reuters) -Databricks will acquire machine learning startup Tecton to expand its AI agent offerings, the latest in a string of deals aimed at offering full-scale AI building tools for enterprise customers, its chief executive told Reuters on Friday. Tecton, backed by Sequoia Capital and Kleiner Perkins, provides software that helps companies analyze …

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Meta partners with Midjourney to license AI tech for future products

23 Aug 2025

(Reuters) -Meta has signed a deal with generative AI lab Midjourney to license the startup’s “aesthetic technology” for the social media company’s future models and products. The technical collaboration will link the companies’ research teams, Alexandr Wang, the Facebook parent’s chief AI officer, said on Friday. The move signals Meta’s push to differentiate its products …

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Meta signs over $10 billion cloud deal with Google, source says

23 Aug 2025

(Reuters) -Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, a source familiar with the matter told Reuters on Thursday, the search giant’s second big agreement recently after one with OpenAI. Under the agreement, Meta will use Google Cloud’s servers, storage, networking and other services, the source, who …

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Exclusive-Sona poised to hire Cheyne’s Hill as CFO for $13.6 billion manager, source says

22 Aug 2025

By Nell Mackenzie LONDON (Reuters) -Sona Asset Management is set to hire David Hill as its new chief financial officer, a source close to the matter told Reuters on Friday.  Hill will likely join the investment firm from his CFO role at the $13.5 hedge fund Cheyne Capital, the person said. He brings over 20 …

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UK short-term inflation expectations remain unchanged at 4%, Citi and YouGov say

22 Aug 2025

(Reuters) -The British public’s short-term inflation expectations remain unchanged at 4% in August, according to a survey published on Friday by bank Citi and opinion poll firm YouGov. The country’s longer-term inflation expectations fell to 3.9% from 4.2%, to their level in February, the survey showed. “The decline in longer-term expectations for last three month …

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