Month: August 2023
European markets close lower; UBS ends Credit Suisse protection measures, shares up 4.7%
European markets close in the red European stocks closed lower Friday. The U.K.’s FTSE 100 ended the session 94.4 points lower at 7,524.1, Germany’s DAX was down 164.3 points at 15,832.1, and France’s CAC slid 93.4 points to close at 7340.1. Italy’s MIB also closed trade 300.3 points lower at 28,274.7. — Karen Gilchrist Producer […]
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Retailers are shaping a wave of laws to crack down on organized theft — here’s how they do it
This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story here and the second here. Pedestrians walk past a vacant storefront along the […]
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S&P 500 is minor modified, heads for 2nd losing week in a row: Dwell updates
Traders perform the ground of the New York Inventory Exchange in New York Metropolis on May 31, 2023. Spencer Platt | Getty Photographs The S&P 500 was minor improved and on speed for muted moves on the week as traders weighed crosscurrents inside corporate earnings and inflation data. The S&P 500 lose .1%. The Dow […]
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80% of bosses say they regret earlier return-to-place of work ideas: ‘A whole lot of executives have egg on their faces’
Following a few years of haphazard plans for having workers back at their desks, the return-to-business office motion has entered a phase of remorse. A whopping 80% of bosses regret their preliminary return-to-office environment conclusions and say they would have approached their strategies in different ways if they had a better knowing of what their […]
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U.S. choose will decide Friday no matter if to send Sam Bankman-Fried to jail about witness tampering
Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York Town, July 26, 2023. Amr Alfiky | Reuters A New York judge will come to a decision on Friday, all through a hearing that begins at 2 p.m. ET, irrespective of whether to send Sam Bankman-Fried to jail. Federal prosecutors have questioned U.S. […]
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Telesat stock surges 50% after satellite internet company swaps suppliers to save $2 billion
A rendering of Telesat’s low earth orbit broadband constellation Telesat Shares of Canadian telecommunications satellite operator Telesat surged on Friday after the company announced it would swap suppliers for its planned Lightspeed global internet network. Canadian space company MDA will now build the Lightspeed satellites, taking the place of French-Italian manufacturer Thales Alenia Space and […]
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Goldman Sachs-backed digital bank Starling to develop in hotly competitive Asia-Pacific market
The Starling Bank app displayed on a person’s cellular phone. Adrian Dennis | AFP by using Getty Photos British digital financial institution Starling is organizing its initial expansion outside of Europe, targeting a shift into Asia-Pacific, CNBC has acquired. The electronic financial institution, which is backed by Goldman Sachs, is in talks with an Asian […]
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Traders are ‘overconfident’ about the impact of A.I., strategist claims
An AI (Artificial Intelligence) indicator is noticed at the Earth Synthetic Intelligence Convention (WAIC) in Shanghai, China July 6, 2023. Aly Track | Reuters Marketplace contributors are “overconfident” about their capacity to forecast the extensive-time period results of AI, according to Mike Coop, main investment officer at Morningstar Financial commitment Administration. Inspite of a pullback […]
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IEA flags hazard of higher oil selling prices, cuts 2024 demand view
Anton Petrus | Minute | Getty Visuals The Global Electricity Company (IEA) on Friday reported OPEC+ supply cuts could erode inventories in the relaxation of this calendar year, most likely driving charges even higher, prior to financial headwinds limit worldwide demand from customers expansion in 2024. Tighter supply pushed by OPEC+ oil output cuts and […]
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Ukraine war stay updates: Russian strike hits lodge, killing a single rocket fragment falls close to Kyiv kid’s medical center
A church ruined right after a Russian missile assault on Aug. 9, in Zaporizhzhia, southeastern Ukraine. The strike killed a few and injured nine. Upcoming Publishing | Foreseeable future Publishing | Getty Photos A Russian strike on a resort in the southeastern city of Zaporizhzhia killed 1 human being and hurt 19 on Thursday night, […]
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