Euro falls as Germany enters recession, dollar hits 2-month high

Euro falls as Germany enters recession, dollar hits 2-month high

(1/2) Euro and US dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic TOKYO, May 25 (Reuters) – The euro fell on Thursday as Europe’s biggest economy, Germany, was confirmed in recession, while the dollar hit a two-month high, benefiting from a seek refuge as concerns mount over a US default. … Read more

AAArrgg! Stocks in debt ceiling danger zone after US rating warning

AAArrgg!  Stocks in debt ceiling danger zone after US rating warning

(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more

Stars step out for Cannes premiere of Wes Anderson’s ‘Asteroid City’

Stars step out for Cannes premiere of Wes Anderson’s ‘Asteroid City’

(1/5) The 76th Cannes Film Festival – Screening of the film ‘Asteroid City’ in competition – Red Carpet Arrivals – Cannes, France, May 23, 2023. Director Wes Anderson and cast members Matt Dillon, Scarlett Johansson, Jason Schwartzman, Tom Hanks, Jeffrey Wright and Damien Bonnard pose. REUTERS/Sarah… Learn more CANNES, May 23 (Reuters) – A busload … Read more

Virgin Orbit auctions off $36m in remaining assets as company folds

Virgin Orbit auctions off m in remaining assets as company folds

WASHINGTON, May 23 (Reuters) – Richard Branson’s bankrupt satellite launch company Virgin Orbit revealed on Tuesday that it was closing for good after a $36.4 million sale of assets, including a agreement to sell most of its Long Beach, Calif., headquarters to small launch company Rocket Lab USA Inc. (RKLB.O) Rocket Lab, the veteran small-rocket … Read more

Disgraced Australian-born former artist Rolf Harris dies aged 93

Disgraced Australian-born former artist Rolf Harris dies aged 93

Child sex abuse convictions ended 50-year career The artist was imprisoned and stripped of his honors Harris was a household name in Britain and Australia LONDON, May 23 (Reuters) – Rolf Harris, a mainstay of family entertainment in Britain and Australia for more than 50 years before his career fell out of favor with his … Read more

Japanese Mizuho expands into US banking with $550m deal with Greenhill

Japanese Mizuho expands into US banking with 0m deal with Greenhill

May 22 (Reuters) – Mizuho Financial Group Inc is to buy U.S. mergers and acquisitions advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday. as Japan’s third-largest lender eyes a bigger share of the world’s largest investment banking fee pool. Greenhill shares more than doubled to close at … Read more

Novo Nordisk, Pfizer diet pills work just as well as injections

Novo Nordisk, Pfizer diet pills work just as well as injections

COPENHAGEN, May 22 (Reuters) – Novo Nordisk (NOVOb.CO) and Pfizer Inc (PFE.N) released data separately on Monday showing that pills in the same class as Novo’s increasingly popular diet drugs, such as than Wegovy, are about as effective as these injected drugs, giving a boost to both companies’ stocks. Novo Nordisk said data from a … Read more

Oil steady as US default risk offsets demand outlook

Oil steady as US default risk offsets demand outlook

SINGAPORE, May 22 (Reuters) – Oil prices held steady on Monday as caution over U.S. debt ceiling talks weighed on demand optimism later in the year and offset support from the lower supplies from Canada and OPEC+ producers. Brent crude futures rose 13 cents, or 0.2%, to $75.71 a barrel at 0850 GMT, while U.S. … Read more

Regulators are dusting off rulebooks to tackle generative AI like ChatGPT

Regulators are dusting off rulebooks to tackle generative AI like ChatGPT

Watchdogs race to keep up with massive AI rollout While waiting for new laws, regulators adapt existing ones Generative tools face privacy, copyright and other challenges LONDON/STOCKHOLM, May 22 (Reuters) – As the race to develop more powerful artificial intelligence services such as ChatGPT heats up, some regulators are relying on old laws to control … Read more

Markets pissed off as US debt ceiling nears critical moment

Markets pissed off as US debt ceiling nears critical moment

Asian scholarships: S&P 500 futures down 0.1%, Japanese Nikkei flat US debt ceiling talks to resume after deadlock Powell less warmongering than feared; Yellen warns against further bank mergers G7 to reduce trade dependency on China, Beijing partially bans Micron SYDNEY, May 22 (Reuters) – Asian stocks and Wall Street futures struggled on Monday as … Read more