Month: August 2024
Amazon’s $4 billion investment in AI firm Anthropic faces UK merger investigation
Anadolu | Anadolu | Getty Images LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and Markets Authority said Thursday that it has begun a “Phase 1” investigation into Amazon’s investment and partnership with Anthropic to assess whether the deal […]
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Restaurant Brands revenue tops estimates, fueled by Tim Hortons
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled by better-than-expected sales at Tim Hortons and the company’s international restaurants. Shares of the company […]
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Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar
The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and […]
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Deliveroo shares jump 8% after posting first-ever profit on ‘inflection’ in consumer demand
A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022. Eric Gaillard | Reuters British food delivery firm Deliveroo reported a small profit in the first half of the year, inching into the black for the first time ever after logging growth in consumer demand. The company, which […]
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As disinformation spreads during UK riots, regulators are currently powerless to take action
Kirill Kudryavtsev | AFP | Getty Images LONDON — Ofcom, the U.K.’s media regulator, was chosen last year by the government as the regulator in charge of policing harmful and illegal content on the internet under strict new online safety regulations. But even as online disinformation related to stabbings in the U.K. has led to […]
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A powerful earthquake hits off southern Japan; a tsunami advisory issued
View of Miyazaki Prefecture, Japan Koichi | Istock | Getty Images A powerful earthquake struck off Japan’s southern coast on Thursday, triggering a tsunami advisory. Residents were urged to stay away from the coastline, but there were no immediate reports of injuries or serious damage. The Japan Meteorological Agency said the quake registered magnitude 7.1 […]
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Siemens earnings beat estimates on strong demand for electrification, software
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance | Getty Images German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and […]
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State of emergency declared after Moscow says Ukrainians launched raid into Russian border region
This photo released by the acting Governor of Kursk region Alexei Smirnov telegram channel , shows a damaged house after shelling by the Ukrainian side in the city of Sudzha, Kursk region that borders Ukraine, Tuesday, Aug. 6, 2024. Governor of Kursk region telegram channel via AP A state of emergency has been declared in […]
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CNBC Daily Open: Wall Street rebound fizzles out
A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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Italy looks like fertile ground for a mega merger deal in banking
Key Points “If you assess individual banks in Italy, it’s difficult not to believe that something will happen, I would say, over the next 12 months or so,” Antonio Reale, co-head of European banks at Bank of America, told CNBC. Speaking in March, Italy’s Economy Minister Giancarlo Giorgetti said “there is a specific commitment” with […]
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