Year: 2025
Europe stocks hit fresh record high on earnings, Ukraine peace hopes
European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war. The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.74% by midday in London to hit another all-time intraday peak. Markets […]
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Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say
Elon Musk will withdraw his $97.4 billion bid for OpenAI’s non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk […]
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Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing
Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images Consumer goods giant Unilever on Thursday posted slightly weaker-than-expected sales growth and pointed to a […]
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Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is […]
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UK economy ekes out 0.1% growth in the fourth quarter, beating expectations
A general view of people visiting the Trafalgar Tavern pub decorated with bunting and string lights on the bank of the River Thames in Greenwich on December 16, 2023 in London, United Kingdom. John Keeble | Getty Images News | Getty Images The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, according […]
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Apple will integrate Alibaba’s AI into iPhones in China, Chairman Joe Tsai says
An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China. He was speaking at the World Governments Summit in Dubai. “[Apple] talked […]
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Honda and Nissan end merger talks, say they will continue to ‘collaborate’
The Nissan logo appears on a smartphone screen, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024. Jaques Silva | Nurphoto | Getty Images Japanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate […]
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Talks to end the war with Russia are set to begin — but Ukraine could pay a high price for peace
U.S. President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland. Chris McGrath | Getty Images News | Getty Images Almost three years after Russia invaded Ukraine, talks to end the war that has led to the loss of tens of thousands […]
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British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback
Key Points British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback. Pretax profit rose by 24% to £8.108 billion in 2024, just above analyst expectations of £8.081 billion, according to LSEG. Source
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Sony posts quarterly profit beat as gaming revenues jump
Sony PlayStation games are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Sony on Thursday posted an operating profit beat for its December quarter after a jump in gaming revenues. The company’s consolidated operating profit hit 469.3 billion yen ($3.05 billion), versus 404.21 billion […]
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