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FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie ...Read More >
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, i ...Read More >
LONDON - Conversant Capital LLC, an investment firm based in Wilmington, Delaware, has notified International Workplace Group plc (IWG) and the Financial Conduct Authority (FCA) of a significant change in its shareholding. The firm crossed the 1.91% threshold of voting rights attached to IWG shares on November 25, 2024. The notification, classified as a voluntary disclosure, was made to reflect the direct acquisition of shares by Conversant Capital. As per the details provided, the investment f ...Read More >
DUBAI (Reuters) - The Syrian army and allied forces confronted an attack launched by forces affiliated with the Syrian Democratic Forces alliance on villages in the northern countryside of Deir Al Zor province on Tuesday, state news agency (SANA) reported. The SDF is a Kurdish-led alliance in north and east Syria which worked with the U.S.-led coalition against Islamic State. Spearheaded by the Kurdish People's Protection Units (YPG) and including Arab fighters, it holds a quarter of Syria, inc ...Read More >
LONDON (Reuters) - Britain's problem with people leaving the labour market was a little bit less acute than previously thought, the country's statistics agency said as it adjusted its calculations based on new population estimates and made other changes. The Office for National Statistics said on Tuesday the inactivity rate - which measures people not in work and who are not looking for it - was estimated at 22.1% in the April-to-June period, compared with a previous estimate of 22.2%. ...Read More >
Investing.com -- The US e-commerce sector performed strongly during the Thanksgiving and Black Friday shopping period, Oppenheimer revealed in a new industry report. Specifically, Data from Adobe (NASDAQ:ADBE) and Salesforce (NYSE:CRM) indicated year-over-year accelerations in consumer spending on Thanksgiving, while Black Friday also showed positive trends, with Adobe and Mastercard (NYSE:MA) SpendingPulse reports suggesting year-over-year accelerations. Shopify (NYSE:SHOP) recorded a 22% inc ...Read More >
JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable ...Read More >
SAN JUAN, PUERTO RICO / ACCESSWIRE / December 2, 2024 / BOTS Inc. (OTCQB:BTZI), a leader in blockchain and robotics innovation, is excited to unveil its groundbreaking strategic pivot into the development and deployment of autonomous AI agents powered by the Solana blockchain. This bold move reaffirms the company's mission to leverage cutting-edge technologies to drive value creation, enhance operational efficiency, and revolutionize the decentralized artificial intelligence (AI) landscape. Rev ...Read More >
, /PRNewswire/ -- Canaan Inc . (NASDAQ: NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in . Canaan's management plans to host one-on-one meetings with institutional investors at the conferences. For more information about the conference or to schedule a one-on-one meeting, please contact your representative at each institution or contact the Company at IR@ca ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Sh ...Read More >
LONDON - The Rank Group (LON:RNK) Plc, a British gambling company, announced today the appointment of Mr. Christian Nothhaft as a non-executive director, effective immediately. This change comes as Mr. Chew Seong Aun retires from the board, also effective today. Mr. Nothhaft brings a broad range of experience to the Rank board, including expertise in digital transformation. Alex Thursby, Rank's chairman, expressed confidence in Nothhaft's abilities, stating that his international and strategic ...Read More >
Investing.com -- Analysts at RBC Capital Markets in a note dated Monday have provided updated ratings of five key players in the UK housebuilding sector as part of its 2025 UK Housebuilder preview. The analysts reflect on a broad spectrum of adjustments, market challenges, and changes in valuations for these companies: Crest Nicholson (LON:CRST), Gleeson (LON:GLEG), Barratt and Redrow (LON:RDW), Vistry (LON:VTYV), and Persimmon (LON:PSN). Crest Nicholson has been upgraded to "sector perform" f ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for th ...Read More >
PARIS (Reuters) - France's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a "last minute miracle", RN president Jordan Bardella said on Monday. RN lawmaker Marine Le Pen has given Prime Minister Michel Barnier until Monday to yield to the party's budget demands or face the threat that they would back a no-confidence motion against his government, which would lead to its collapse. "The RN will trigger the no- ...Read More >
(Reuters) - The euro dropped versus a strengthening dollar on Monday, with investors concerned about political developments in France. France's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a "last minute miracle", RN president Jordan Bardella said on Monday. The growing uncertainty over France's budget pushed the risk premium on the government's bonds to a more than 12-year high last week. ...Read More >
Bitcoin World - Let me start by saying that I made over $30,000 in passive income last month. I know, that sounds crazy, right? But I promise you it is 100% real. I used to think that making money while you sleep was something only the super wealthy or tech savvy could do. But it turns out it is totally possible, and I'm here to tell you how I did it," said Dennis. Dennis has been installing photovoltaic panels for three years, and five years ago he asked his wife a question: "Do we really have ...Read More >
LONDON - Bigblu Broadband plc (AIM: BBB.L), a significant provider of super-fast and ultra-fast alternative broadband services, has conditionally agreed to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd for up to AUD$50.20 million (approximately £25.67 million). SKM Telecommunication, formed by Salter Brothers Asset Management for the acquisition, will pay the headline price in a combination of cash, shares, and deferred cash considerations. The sale ...Read More >
, /PRNewswire/ -- On , Fangzhou Inc. ("Fangzhou" or the "Company") (06086.HK), a leader in Internet healthcare solutions, hosted the "Data and AI: Decoding Digital Engagement" summit in , bringing together key representatives from leading Internet companies Tencent and Baidu (NASDAQ:BIDU), along with executives from over 30 leading pharmaceutical companies. They held in-depth discussions on strategies for driving user growth and enhancing business performance through innovative digital marketing ...Read More >
MOSCOW (Reuters) - A summit of the BRICS countries held in the Russian city of Kazan in October was a slap in the face for Western nations which imposed sanctions on Russia, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview. "Twenty three leaders came to Kazan for the BRICS summit. This is a certain statement, even a slap in the face to the Americans. It is significant that there is support for Russian initiatives and a rejection of U.S. policies," Kostin ...Read More >
Investing.com -- Just as the market began to show signs of peaking out after a seesaw October, Donald Trump's re-election to the White House sparked a new ferocious rally, boosting assets from big tech to small caps and financials. As a consequence, stocks notched their best month of an already fantastic year in November, with the S&P 500 gaining a whopping 5.7% and the Dow Jones Industrial Average jumping by 7.5% - closely followed by the NASDAQ Composite's 6.2% gain. But while bulls were ...Read More >
Upon analysis of the movements of the gold futures, since I wrote my last analysis https://www.investing.com/analysis/gold-these-are-the-key-levels-to-watch-for-now-200654401, I find that the gold futures have completed the formation of 'Head & Shoulders" pattern in the daily chart indicates a lot about the further directional moves by the gold futures. On Thursday, the gold futures moved downward after signs of sticky U.S. inflation and a strong economy that sparked doubts over the Federal Res ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Than ...Read More >
Given the Thanksgiving holiday in the US, gold (XAU/USD) moved within a narrow range yesterday. XAU/USD rose only by 0.06%. Geopolitical risks and fears of a trade war continue to support the price of gold as a safe haven asset. Russian President Vladimir Putin said that Russia might use its new hypersonic missile to attack decision-making centres in Ukraine in response to the launch of Western missiles on its territory. Also, US President-elect Donald Trump promised earlier this week that tari ...Read More >
NEW DELHI (Reuters) - India plans to expand electric vehicle incentives to automakers building models at existing factories in the country, instead of limiting the benefits to automakers willing to build new plants, a person with direct knowledge of the matter said. India's EV policy, which is still being finalised, was originally designed to encourage Tesla (NASDAQ:TSLA) to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year. Other ...Read More >
HELSINKI - Municipality Finance Plc has announced the issuance of a GBP 25 million tap under its existing Medium Term Note (MTN) program, set to commence trading on the Helsinki Stock Exchange on Monday. This new tranche increases the total nominal amount of the benchmark, originally issued on March 7, 2024, to GBP 425 million. The notes, which mature on October 2, 2028, carry a fixed annual interest rate of 4.375%. The issuance is part of MuniFin's extensive EUR 50 billion debt instrument pr ...Read More >
Amazon Web Services (AWS) Announced its Quantum (NASDAQ:QMCO) Embark advisory program to prepare customers for the age of quantum computing. Quantum computing is causing rumblings in the stock market, as evidenced by the interest in stocks like IONQ (NYSE:IONQ), which have surged 156% year-to-date (YTD). The computer and technology sector pioneer IonQ is widely being accepted as the leader in this segment based on its 102% YoY growing revenues, a $54.5 million deal with the United States Air ...Read More >
AstraZeneca is benefiting from surging demand for cancer treatments like Imfinzi and Calquence, and has a robust pipeline expected to deliver two dozen new products by 2030. Leading vaccine makers like Eli Lilly (NYSE:LLY), Pfizer (NYSE:PFE), and AstraZeneca NASDAQ:AZN) may have faded from the spotlight since the peak of the COVID-19 pandemic, but now there is reason to expect renewed interest. As investors look ahead to the second Trump administration, the incoming president's nomination of ...Read More >
(Reuters) - France's economy grew 0.4% in the third quarter of 2024, official data from the country's statistics office INSEE showed on Friday, driven by positive fallbacks from the Paris Olympics. According to the institute, France's gross domestic product (GDP) grew by an average of 0.4% over the July-September period, confirming the preliminary figure published in October. A Reuters poll of 25 economists had on average forecast 0.4% growth in the third quarter. "Household consumption recov ...Read More >
ISTANBUL (Reuters) - Turkey's economy grew less than expected in the third quarter, expanding at an annual 2.1% rate, official data showed on Friday. Third-quarter gross domestic product (GDP) dipped 0.2% from the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute (TUIK) data showed. Growth in the second quarter was revised down to 2.4% from 2.5%, the data also showed. In a Reuters poll, the economy was forecast to have expanded 2.6% in the third ...Read More >
TOKYO, Nov 28, 2024 - (JCN Newswire) - - Hitachi (OTC:HTHIY) High-Tech Corporation ("Hitachi High-Tech") announced today the launch of its DCR(1) Etch System 9060Series. This system, which leverages Hitachi High-Tech's plasma etching(2) technology and expertise, has been developed to achieve precise control over the horizontal (isotropic) etching process in dry environments, aimed at applications such as the high-aspect(3) three-dimensional structures used in advanced semiconductor devices. W ...Read More >
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