By James Davey and Paul Sandle LONDON (Reuters) -British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. Shares in M&S, one of the best-known names in British business, were up 3.5% after it restarted standard home delivery in England, Scotland and Wales for …
After 46-day cyberattack pause, M&S resumes online orders Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -International Business Machines on Tuesday said it plans to have a practical quantum computer by 2029, and it laid out the detailed steps the company will take to get there. Quantum computers tap into quantum mechanics to solve problems that would take classical computers thousands of years or more. …
IBM aims for quantum computer in 2029, lays out road map for larger systems Read More »
By Samuel Indyk LONDON (Reuters) -The British pound fell against the dollar and the euro on Tuesday as soft UK labour market data bolstered investors’ bets for more rate cuts this year from the Bank of England. Pay growth slowed sharply while the unemployment rate rose to its highest level in nearly four years in …
Sterling weakens as soft labour market data supports UK rate cut bets Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia and Hewlett Packard Enterprise said on Tuesday they are partnering with the Leibniz Supercomputing Centre to build a new supercomputer using Nvidia’s next-generation chips. The Blue Lion supercomputer, as the project is called, will become available to scientists in early 2027, using Nvidia’s “Vera Rubin” chips. The announcement, …
Nvidia, HPE to build new supercomputer in Germany Read More »
(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption. Its projected annual revenue figure based on current revenue data, which was about $5.5 billion in December 2024, has demonstrated strong growth as the adoption …
OpenAI’s annualized revenue hits $10 billion, up from $5.5 billion in December 2024 Read More »
ROME (Reuters) -An Italian court on Tuesday gathered to discuss an appeal by takeover target Banco BPM against a regulatory suspension of the bid launched in April by suitor UniCredit. The decision is expected to be taken in the coming hours, but it will be made public in one or two days, a court official …
Italy court to publish ruling on Banco BPM’s bid freezing appeal in 1-2 days Read More »
BERLIN (Reuters) -The Sentix survey of investor sentiment found evidence of an upturn in Germany and in the euro zone in June, with the overall index for Germany hitting its highest level since March 2022 and the euro area index at its highest level in a year. The Sentix index for the euro zone rose …
Sentix poll shows sharp uptick in German, euro zone investor sentiment for June Read More »
By Anandita Mehrotra (Reuters) -British homebuilder Bellway raised its forecast on Tuesday for the number of homes it expects to build this financial year to 8,600-8,700, from 8,500 previously, supported by stronger spring sales and improved customer demand. Its shares rose about 5% as the company said it was sold out for the year to …
UK’s Bellway raises home building forecast after strong spring Read More »
(Reuters) -Hochschild Mining issued a six-week shutdown at its Mara Rosa mine, following lower-than-expected gold output by the end of May, the British precious metals company said on Tuesday, sending shares tumbling down over 20%. The Brazilian gold mine, which began commercial production in early 2024, has produced just over 25,000 ounces of gold for …
UK’s Hochschild Mining shares plunge 20% after Brazil gold mine shutdown Read More »
BRUSSELS (Reuters) -The European Commission will propose next week to give governments more flexibility on defence procurement and make access to European funding easier, European Defence Commissioner Andrius Kubilius said on Tuesday. “Without this simplification, nothing else in defence readiness will be possible to achieve,” Kubilius told a conference in Brussels. “Putin will not wait …
EU will propose more flexibility for defence procurement, commissioner says Read More »
