WASHINGTON (Reuters) – Apple Inc has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 other firms that have committed to ensuring that AI’s power is not used…
Month: July 2024
US FDA warns of dosing errors with compounded versions of Novo’s weight loss drugs
(Reuters) – The U.S. Food and Drug Administration on Friday warned patients and doctors about dosing errors associated with compounded versions of Novo Nordisk’s weight loss and diabetes drugs. The health regulator…
Chile’s Codelco says output falls 8% in first half of 2024
By Fabian Cambero and Natalia Siniawski SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the…
Analysis-End of tax loophole risks dimming Shein’s IPO appeal, investors say
By Helen Reid LONDON (Reuters) – Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s…
Tech-led selloff drives record volume in NDX options
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in…
Jetmaking industrial problems overshadow orders at damp air show
By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England (Reuters) – The world’s largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the…
Ackman cuts new fund’s target size, asks investors to commit
By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investors’…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate…
Renault sticks to 2024 outlook as first-half profit beats estimates
By Nick Carey and Gilles Guillaume LONDON (Reuters) – Renault posted a better-than-expected operating profit for the first half of the year on Wednesday due to strong pricing and new vehicle launches,…
Exclusive-BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to…