Japan October household spending unexpectedly falls 3.0% year/year
TOKYO, Dec 5 : Japanese household spending unexpectedly fell 3.0 per cent in October from a year earlier, government data showed on Friday, worse than the median market forecast for a 1.0 per cent rise.On a seasonally adjusted, month-on-month basis, spending dropped 3.5 per cent, versus an estimated ...
Japan October household spending falls at fastest pace in nearly 2 years
TOKYO, Dec 5 : Japanese household spending unexpectedly slumped at the fastest pace in nearly two years in October, government data showed Friday, raising concerns about the economic outlook as the Bank of Japan gears up for a rate hike as early as this month. Consumer spending fell 3.0 per cent in ...
US plans more stakes in minerals companies, Trump official says
Critical minerals such as gallium and cobalt are used in products ranging from iPhones to industrial magnets
Bank of America expands crypto access for wealth management clients
As US President Donald Trump continues to push regulatory relief for the asset class, crypto has been benefiting from widespread institutional adoption
Chaos after India’s biggest airline cancels 1,200 flights
The disruption is another setback to the no-frills carrier, which has built its reputation on punctuality
India’s regulator withdraws pilot rest policy after IndiGo chaos
Airports across India have been in disarray since Monday
Microsoft to lift productivity suite prices for businesses, governments
The company says that the changes reflect more than 1,100 new features added across Microsoft 365
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors
Apple appoints Meta's Newstead as general counsel amid executive changes
Dec 4 : Apple on Thursday announced that Meta Platforms' chief legal officer, Jennifer Newstead, will join the company as its general counsel and senior vice president.Newstead, who previously served as the legal adviser of the U.S. Department of State, will become Apple's general counsel ...
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose
Chinese dronemaker DJI urges US to complete security review
WASHINGTON, Dec 4 : Chinese drone manufacturer DJI on Thursday urged Congress and the Trump administration to quickly complete a security review or extend a December 23 deadline.Congress last year approved legislation that required completion of a security review on DJI before late December or the d ...
Indexes end near flat, supported by Fed hopes but dragged by Amazon
Markets are pricing in an 87% chance the central bank will cut rates by 25 basis points this month
Notable quotes from tech, AI sector speakers at Reuters NEXT conference
Dec 4 : Reuters is hosting a two-day Reuters NEXT conference in New York on Wednesday and Thursday, bringing together more than 700 international business leaders and policymakers to examine the biggest issues facing society, business and the world. The following are some notable quotes from speake ...
REUTERS NEXT - Notable quotes from tech, AI sector speakers at Reuters NEXT conference
Dec 4 : Reuters is hosting a two-day Reuters NEXT conference in New York on Wednesday and Thursday, bringing together more than 700 international business leaders and policymakers to examine the biggest issues facing society, business and the world. The following are some notable quotes from speake ...
Industrials, automakers drive European shares higher at close
[BENGALURU] European shares closed higher on Thursday (Dec 4), led by industrials and automakers, as global risk appetite improved on elevated US...
AI's rise stirs excitement, sparks job worries
NEW YORK, Dec 4 : The transformative effects of artificial intelligence dominated discussions at the Reuters NEXT conference in New York, with panelists concentrating on how it may upend work - and job growth - sidestepping concerns about an AI bubble. Artificial intelligence represents the biggest ...
Australia's NEXTDC, OpenAI sign MoU to co-develop hyperscale AI campus, GPU supercluster
Dec 5 : NEXTDC said on Friday it has inked a memorandum of understanding with ChatGPT maker OpenAI to jointly plan, develop and operate a hyperscale AI campus and graphics processing unit, or GPU, supercluster at its S7 site in Sydney.The Queensland-based data centre operator's S7 site at Easte ...
Australia's NEXTDC inks MoU with OpenAI to develop AI infrastructure in Sydney, shares jump
Dec 5 : NEXTDC Ltd said on Friday it inked a memorandum of understanding with ChatGPT maker OpenAI to collaborate on the development of a hyperscale AI campus and graphics processing unit supercluster in Sydney, boosting its shares.Shares of the Queensland-headquartered data centre operator rose as ...
SentinelOne forecasts lackluster revenue, CFO to depart
Dec 4 : Cybersecurity firm SentinelOne forecast fourth-quarter revenue below analysts' expectations on Thursday, and said Chief Financial Officer Barbara Larson will step down.The shares of the company fell more than 7 per cent in extended trading.The muted outlook underscores the challenges Se ...
SentinelOne forecasts quarterly revenue below estimates, CFO to step down
Dec 4 : Cybersecurity firm SentinelOne on Thursday forecast fourth-quarter revenue below analysts' expectations and said Chief Financial Officer Barbara Larson will step down.The shares of the company fell 6 per cent in extended trading.The company forecast forth-quarter revenue of $271 million ...
HPE forecasts weak quarterly revenue
Dec 4 : Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates on Thursday, due to cautious enterprise spending amid economic uncertainty.Shares of the company fell over 3.5 per cent in extended trading.Enterprise customer spending has remained weak due to cost-optimiz ...
HPE sees weaker quarterly revenue on AI server sales delay
Dec 4 : Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates on Thursday, as it sees a fall in AI server income due to customers shifting their orders to the second half of the year.Shares of HPE, which provides AI-optimized servers that run on high-end Nvidia proces ...
Global shares and dollar higher as markets eye Fed rate cuts
NEW YORK/LONDON, Dec 4 : Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut, although Wall Street stocks were mostly flat after a batch of economic data.U.S. stocks were lower after two consecutive sessions of gains, with the benchmark S&P 500 fa ...
The changing face of directorship
The culture of the boardroom can make or break a director’s ability to fulfil their duties
The changing face of directorships
The culture of the boardroom can make or break a director’s ability to fulfil their duties
Google executive sees AI search as expansion for web
Dec 4 : A Google search executive on Thursday pushed back against fears that its AI-powered search will harm web publishers and its advertising business, calling the technology an “expansionary moment” for the internet.Speaking at the Reuters NEXT conference in New York, Robby Stein, vice presid ...
CNBC signs deal with Kalshi to add prediction data from next year
Dec 4 : CNBC has signed a multi-year deal with prediction-market operator Kalshi, bringing real-time probability data into the network's TV broadcasts and digital platforms starting next year, the companies said on Thursday.Founded in 2018, Kalshi is a prediction market exchange where users tra ...
A throat bone settles it - Nanotyrannus was not a juvenile T. rex
WASHINGTON, Dec 4 : Paleontologists for decades debated whether meat-eating dinosaur Nanotyrannus was actually just a juvenile Tyrannosaurus. But within a span of five weeks, the matter seems to have been definitively resolved by two new studies showing that Nanotyrannus was clearly distinct from T. ...
Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO
Dec 4 : Glenfarne's Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from its planned export project.This follows a preliminary agreement signed in September.Glo ...
Italy launches 'in-depth' review of cryptocurrency risks
MILAN, Dec 4 : Italy's Economy Ministry has ordered an in-depth review of existing safeguards against cryptocurrency risks, which are seen potentially rising, the Bank of Italy and other financial regulators said on Thursday."An in-depth review has been launched to assess the adequacy of e ...
FCC approves AT&T $1 billion purchase of spectrum from UScellular
WASHINGTON, Dec 4 : The Federal Communications Commission said on Thursday it has approved AT&T's deal to buy some wireless spectrum licenses from UScellular in a $1.02 billion deal after the Texas-based carrier committed to end DEI programs.The FCC has been requiring telecom carriers to en ...
FCC approves AT&T $1 billion purchase of spectrum from US Cellular
WASHINGTON, Dec 4 : The Federal Communications Commission said Thursday it has approved AT&T's deal to buy some wireless spectrum licenses from U.S. Cellular in a $1.02 billion deal after the Texas-based carrier committed to end DEI programs.The FCC has been requiring telecom carriers to en ...
Mercuria’s copper grab from LME Asia intensifies supply angst
LONDON, Dec 4 : Commodity trader Mercuria has given notice of its plans to take significant amounts of copper from London Metal Exchange warehouses in Asia, four sources familiar with the matter said, as prices rise on expectations of short supplies.Anticipated shortages next year partly due to mine ...
Spot crypto products to begin trading on CFTC-registered exchanges
Dec 4 : The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday that spot crypto asset contracts will begin trading for the first time on futures exchanges registered with the agency. The move, first hinted at in August is another effort by the Trump administration to weave digital ass ...
