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US factory orders rebound in January on commercial aircraft

5 Mar 2025

WASHINGTON (Reuters) – New orders for U.S.-manufactured goods rebounded in January amid a surge in commercial aircraft bookings, but the broader manufacturing sector’s recovery is likely to be hampered by tariffs on imports. Factory orders increased 1.7% after a revised 0.6% decline in December, the Commerce Department’s Census Bureau said on Wednesday. Economists polled by …

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Toronto home sales drop 28.5% in February as trade uncertainty hits sentiment

5 Mar 2025

By Fergal Smith TORONTO (Reuters) – Greater Toronto Area home sales tumbled in February and home prices declined for a third straight month as an uncertain trade outlook weighed on the homebuyers’ confidence, data from the Toronto Regional Real Estate Board (TRREB) showed on Wednesday. Seasonally adjusted sales were down 28.5% on a month-over-month basis …

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US service sector expands in February; price growth accelerates

5 Mar 2025

By Lucia Mutikani WASHINGTON (Reuters) – U.S. services sector growth unexpectedly picked up in February and prices for inputs increased, which combined with a recent surge in the cost of raw materials at factories suggested that inflation could heat up in the months ahead. Rising price pressures could be worsened by a trade war, triggered …

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Analysis-Europe’s airlines pivot to bite size M&A deals to limit cost, regulatory burden

5 Mar 2025

By Joanna Plucinska and Andres Gonzalez LONDON (Reuters) – Europe’s major airlines are targeting smaller deals and tie-ups after facing regulatory push-back against full mergers, focusing on minority stakes to strengthen their position against rivals. Reuters spoke with two airline executives and others with knowledge of ongoing deals, who said they were pivoting towards smaller …

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Nvidia-backed cloud firm CoreWeave to acquire AI developer platform Weights & Biases

5 Mar 2025

(Reuters) – Nvidia-backed CoreWeave said on Tuesday that it is acquiring AI developer platform Weights & Biases as the company seeks to extend its cloud platform ahead of its IPO. The deal will combine CoreWeave’s infrastructure and managed cloud services with Weights & Biases’ platform, which is used for AI model training, evaluation, and monitoring, …

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Analysis-Trump tariffs threaten to derail Canada’s economic recovery

5 Mar 2025

By Promit Mukherjee OTTAWA (Reuters) – U.S. tariffs that took effect on Tuesday are threatening to derail Canada’s fledgling economic recovery and will fuel a rise in consumer prices and unemployment, potentially triggering a recession. Canada relies on the United States for 75% of its exports and a third of all imports. Its dependency on …

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Apple launches new MacBook Air models with latest M4 chip, cuts price

5 Mar 2025

(Reuters) -Apple on Wednesday unveiled new MacBook Air models with latest M4 chip and artificial-intelligence features at a price $100 lower than the previous generation, as the company looks to spur sales and persuade customers to upgrade their devices. The base version of the new series of laptops with the 13-inch screen will be priced …

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Canada’s services PMI falls to 5-month low on tariff concerns

5 Mar 2025

By Fergal Smith TORONTO (Reuters) – The downturn in Canada’s services economy deepened in February as firms avoided committing to new business in anticipation of a trade war, S&P Global’s Canada services PMI data showed on Wednesday. The headline Business Activity Index fell to 46.6 from 49.0 in January, the third straight month below the …

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Chile’s SQM reports 41% drop in profit on lower lithium prices

5 Mar 2025

SANTIAGO (Reuters) -Chile’s SQM, the world’s second-largest lithium producer, reported a 40.9% fall in fourth-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in lithium prices. The miner, which also produces fertilizers and industrial chemicals, reported net profit of $120.1 million, or 42 cents a share for the October-December …

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Defense tech startup Epirus secures $250 million to make anti-drone weapons

5 Mar 2025

(Reuters) -Defense technology startup Epirus has raised $250 million in a Series D funding round, as it looks to scale up production of its anti-drone weapons, the company said on Wednesday. Epirus did not disclose its valuation for this round. The company was previously valued at $1.35 billion when it raised $200 million in Series …

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