Author Archives: Syndicated Content
Sri Lanka clinches $12.5 billion bond rework deal in pre-election dash
By Libby George, Karin Strohecker and Uditha Jayasinghe LONDON (Reuters) - Sri Lanka reached a draft deal with creditors to restructure $12.5 billion of international bonds, it said on Thursday, in a ...
Sep 19, 2024
Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions
(Reuters) - Food companies Ajinomoto and Danone unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions. WHY IT MATTERS: Livestock is a major source of methane emiss...
Sep 19, 2024
Europe's banks may lack enough loan loss cover for property slump, says Moody's
By Iain Withers LONDON (Reuters) - European banks may not be sufficiently provisioned for property loan defaults if severe pressure leads to rapid growth in problem loans, a report by Moody's Ratings ...
Sep 19, 2024
Fed's next rate cut will be smaller, traders bet
(Reuters) - Traders on Thursday added to bets the U.S. Federal Reserve's next rate cut will be smaller than the one it delivered on Wednesday, after economic data showed an unexpected drop in unemploy...
Sep 19, 2024
Social media users lack control over data used by AI, US FTC says
By Jody Godoy (Reuters) - Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by...
Sep 19, 2024
Amazon adds chatbot for its sellers, boosting automation
By Greg Bensinger (Reuters) - Amazon.com announced on Thursday a new artificial intelligence application that it says will help its independent sellers with sales metrics, inventory maintenance and pr...
Sep 19, 2024
Bank of England keeps rates at 5%, extends 100 billion pound bond reduction plan for another year
By Andy Bruce and David Milliken LONDON, Sept 19 (Reuters) - The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by another 100 bill...
Sep 19, 2024
TEXT-Bank of England's Monetary Policy Summary
12 noon BANK OF ENGLAND MONETARY POLICY SUMMARY, SEPTEMBER 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and ...
Sep 19, 2024
German media empire Axel Springer to split in deal with KKR
By Klaus Lauer BERLIN (Reuters) - German media empire Axel Springer will be split in two under a deal between CEO Mathias Doepfner and private equity firm KKR, the company said on Thursday, securing t...
Sep 19, 2024
Upstream electrification can cut oil and gas production emissions by more than 80%, report says
(Reuters) - Oil and gas production facilities could reduce associated emissions by more than 80% by switching to electricity generated from renewables or natural gas designated for burning, a report f...
Sep 19, 2024
