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AI slows down some experienced software developers, study finds

10 Jul 2025

By Anna Tong SAN FRANCISCO (Reuters) -Contrary to popular belief, using cutting-edge artificial intelligence tools slowed down experienced software developers when they were working in codebases familiar to them, rather than supercharging their work, a new study found. AI research nonprofit METR conducted the in-depth study on a group of seasoned developers earlier this year while …

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Ulta Beauty enters UK with retail chain Space NK’s acquisition

10 Jul 2025

(Reuters) -U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space NK. Founded by beauty industry veteran Nicky Kinnaird, Space NK offers premium beauty and perfume brands in the UK and Ireland through its 83 cosmetics retail stores, as well as online. Ulta …

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Back-to-school spending set to dip as economic woes shrink budgets, Deloitte forecasts

10 Jul 2025

(Reuters) -Back-to-school spending is expected to dip this year, as tariff-driven price hikes and economic uncertainty force Americans to tighten household budgets, according to a Deloitte forecast released Thursday. Overall spending is projected to remain flat at $30.9 billion or $570 per student on average, despite higher prices across all product categories, which is 7% …

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German exporters don’t want US trade deal ‘at any price’, says trade group

10 Jul 2025

By Rene Wagner and Maria Martinez BERLIN (Reuters) -German exporters do not want a deal at any price in the trade conflict with the United States, said Dirk Jandura, head of the BGA trade lobby. “Our interests must be reflected in an agreement with the U.S.,” Jandura said on Thursday in Berlin. “We need a …

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Canada seeks pact with Southeast Asian countries to diversify trade  

10 Jul 2025

By Danial Azhar KUALA LUMPUR (Reuters) -Canada is seeking to finalise a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top diplomat said, responding to the hefty tariffs imposed on it by the United States, its neighbour and largest trade partner.  Foreign Minister Anita Anand …

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BOJ sees firms taking US tariffs in stride but cautious on outlook

10 Jul 2025

By Leika Kihara TOKYO (Reuters) -Japanese companies are taking U.S. tariffs in their stride for now, but worry about a potential hit from weakening global demand, the central bank said on Thursday, signalling a prolonged pause in interest rate hikes. While some firms were delaying plans for capital expenditure, higher U.S. levies have yet to …

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Uniqlo owner warns significant tariff impact, plans price hikes

10 Jul 2025

TOKYO (Reuters) – Japan’s Fast Retailing, owner of the Uniqlo clothing brand, said on Thursday higher U.S. tariffs would start impacting its U.S. operation significantly from later this year and it planned to raise prices to mitigate the blow. Concerns about resurgent inflation and an economic slowdown triggered by U.S. President Donald Trump’s erratic tariff …

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