Reuters US Business

LA PAZ (Reuters) -Shortages of Bolivia’s state-subsidized marraqueta bread roll are creating an early test for newly elected President Rodrigo Paz, as dwindling wheat supplies and rising costs squeeze bakers and frustrate consumers.  The frustration from bakers and buyers highlights the political risks for Paz, who aims to unwind the subsidy-heavy economic model of his …

Bolivia’s bread shortage highlights subsidy reform challenge Read More »

By Iain Withers LONDON (Reuters) -JPMorgan Chase & Co will build a tower in London’s Canary Wharf financial district, unveiling plans on Thursday to invest billions of pounds on the heels of a budget that sought to boost Britain’s finances and growth. The bank said the project would contribute 9.9 billion pounds ($13.1 billion) over …

JPMorgan to build multi-billion pound tower in London’s Canary Wharf Read More »

SHANGHAI (Reuters) -Alibaba released on Thursday its new Quark artificial intelligence glasses in China, heralding the Chinese tech company’s efforts to break into the AI wearables market dominated by Meta.     Prices will start from 1,899 yuan ($268.25) for the headset that will be powered by Alibaba’s Qwen AI model and app. Unlike other headsets …

Alibaba starts selling Quark AI glasses in China, enters global wearables race Read More »

(Reuters) -Streaming platform Netflix was down for about an hour for several users in the United States on Wednesday evening, coinciding with the release of the fifth and final season of its hit series “Stranger Things”. There were less than 800 reports of the issue as of 8:45 p.m. ET, down from a peak of …

Netflix recovers following brief outage during ‘Stranger Things’ final season premiere Read More »

(Reuters) -Boeing said on Wednesday it will produce AH-64E Apache attack helicopters for international customers, including 96 for the Polish Armed Forces, under a foreign military sales contract worth nearly $4.7 billion awarded by the U.S. Army. Deliveries are expected to begin in 2028, Boeing said. Poland’s order represents the largest number of Apache aircraft …

Boeing to build Apache helicopters for Poland as part of $4.7 billion contract Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street extended its rally on Wednesday as revived tech strength and the increasing probability of a December interest rate cut from the U.S. Federal Reserve put investors in a buying mood the day before the Thanksgiving holiday. All three major U.S. stock indexes notched their fourth consecutive daily …

Wall St ends higher on growing bets for December Fed rate cut Read More »