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FRANKFURT (Reuters) -The European Central Bank is not in any hurry to lower borrowing costs again and it would take a major unexpected economic shift to make a case for action in September, Slovak policymaker Peter Kazimir said on Monday. The ECB kept rates unchanged last week as widely expected and offered a moderately upbeat …

ECB’s Kazimir says big unexpected economic shift needed for September rate cut Read More »

By Nell Mackenzie LONDON (Reuters) -Hedge funds fled technology stocks at the fastest pace in 12 months in the latest week, just as the S&P 500 reached all-time highs, a note to Goldman Sachs clients and seen by Reuters said. The S&P 500, which includes seven tech stocks in its top 10 largest constituents by …

Hedge funds ditch tech and buy essentials, Goldman Sachs says Read More »

SHANGHAI (Reuters) -China’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The announcements were timed to coincide with the three-day World Artificial Intelligence Conference in Shanghai ending on Monday. …

Chinese AI firms form alliances to build domestic ecosystem amid US curbs Read More »

(Reuters) -Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, the South China Morning Post (SCMP) reported on Sunday, citing people familiar with the matter. During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or …

China, US to extend tariff pause at Sweden talks by another 90 days, SCMP reports Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump likes TikTok but the Chinese-owned short video app, used by some 170 million Americans, has to move to U.S. ownership, Secretary of Commerce Howard Lutnick said on Sunday. “The President really likes TikTok, and he said it over and over again, because, you know, it was a good way …

US commerce secretary says Trump really likes TikTok, but app has to move to US ownership Read More »

By Marcelo Teixeira and Oliver Griffin NEW YORK (Reuters) -Bowls and smoothies made of the Amazon berry açaí have become ubiquitous in many cities across the United States, but consumers may think twice about shelling out after August 1 when a 50% tariff on imports from Brazil kicks in. Nearly all of the açaí pulp …

US lovers of Amazon berry açaí to feel tariff pinch Read More »

(Reuters) -Tesla sent robotaxi users a new terms-of-service agreement detailing its planned launch in California’s Bay Area, Business Insider reported citing a screenshot of the notification sent to users on Saturday.The notification said, “If your ride is taking place in California, it is being conducted with a safety driver using Full Self-Driving (Supervised) pursuant to …

Tesla updates robotaxi users about chauffeur-style service in California, Business Insider reports Read More »