Alibaba unit ordered to pay NetEase $7.2 million over game copyright
By Josh Ye HONG KONG (Reuters) -A Chinese court has ordered an Alibaba Group unit that developed the hit mobile
2023-05-24 20:45
Hydrogen Hype Is Raging But Can’t Lure Investment to Europe
As Europe seeks to exit fossil fuels, a relatively unproven alternative is forming the backbone of its clean-energy
2023-05-24 20:20
IMF Chief Reassures on Debt Deal; Roubini Sees Risk: Qatar Forum
The International Monetary Fund’s Kristalina Georgieva expressed confidence that the US will reach a deal on the debt
2023-05-24 20:17
Facebook owner Meta starts final round of layoffs
By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc started carrying out the last batch of a three-part round of
2023-05-24 20:17
Bank of Montreal Misses Forecast; Loan-Loss Set-Asides Grow
Bank of Montreal posted a surprise drop in fiscal second-quarter profit as it set aside a larger provision
2023-05-24 20:16
Abercrombie & Fitch raises annual sales forecast, shares jump 20%
(Reuters) -Abercrombie & Fitch Inc raised its annual sales on Wednesday, banking on steady demand for its clothes and accessories
2023-05-24 19:56
No blanket spending cuts in 2024 budget, says German Finance Minister
BERLIN There will be no blanket spending cuts in the 2024 budget, German Finance Minister Christian Lindner said
2023-05-24 19:55
Israel Passes Budget With Big Grants to Ultra-Orthodox
Israel’s parliament passed a national two-year budget that includes billions of dollars in funding for West Bank settlements
2023-05-24 19:54
BMO, Scotiabank Earnings Miss as Loan-Loss Provisions Increase
Bank of Montreal and Bank of Nova Scotia missed earnings estimates after both Canadian banks reported higher loan-loss
2023-05-24 19:54
Will the debt ceiling debate finish the Fed's inflation fight?
Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that.
2023-05-24 19:53
EU Banks Are Said to Sail Through Early Round of Stress Test
Many large European banks are emerging from early rounds of a key stress test in robust financial health,
2023-05-24 19:52
African GDP growth to edge up in 2023 despite South Africa slide -AfDB
By Rachel Savage JOHANNESBURG (Reuters) -Africa's economic growth is set to edge upwards in 2023 and 2024 amid tighter global
2023-05-24 19:19