UK business activity picks up after pre-election lull, PMI data shows
LONDON (Reuters) -British business activity picked up this month after a pre-election lull. The fastest manufacturing growth in two years boosted UK business activity. The strongest inflow of new orders since April 2023 also supported UK business activity, a major survey showed on Wednesday. The figures may cheer Prime Minister Keir Starmer’s new government – […]
OpenAI assigns new project to AI safety leader Madry in revamp
July 23 (Reuters) – OpenAI Chief Executive Sam Altman said on Tuesday the ChatGPT maker’s AI safety leader Aleksander Madry was working on a new research project, as the startup rejigs the preparedness team. #OpenAI AISafety “Aleksander is working on a new and v(very) important research project,” Altman said in a post on X, adding […]
LVMH sales miss estimates as Chinese market slows
PARIS, July 23 (Reuters) – LVMH sales growth slowed in the second quarter due to a decrease in spending by Chinese shoppers. Despite this, Western markets showed slight improvement. This LVMH sales slowdown reflects shifting consumer behavior globally. Sales at the world’s biggest luxury group and owner of labels Louis Vuitton, Tiffany & Co. and […]
BNP Paribas beats estimates as trading revenues jump
PARIS (Reuters) – France’s BNP Paribas reported better-than-expected earnings on Wednesday. This came after a surge in equities trading boosted BNP Paribas trading revenues. The increase in investment banking revenue offset a significant drop in net interest income from its French retail business. The euro zone’s biggest bank by market value said second-quarter net income […]
Tesla profit margins worst in five years as price cuts, incentives weigh
BENGALURU/SAN FRANCISCO – Tesla’s recent report reveals the worst Tesla profit margins in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on artificial intelligence (AI) projects. The company said it was on track to produce […]
Death toll from Ethiopian landslides jumps to 229, official says
The death toll from two landslides in southern Ethiopia has reached 229. The Ethiopian landslides death toll may rise as the search continues. Rescue efforts are ongoing into a second day, according to a government official. #EthiopianLandslidesDeath Following heavy rain a landslide buried people in Gofa zone in Southern Ethiopia regional state on Sunday night, […]
New Zealand finds that state and religious institutions failed to prevent or stop decades of abuse
WELLINGTON, New Zealand (AP) — New Zealand’s independent inquiry into the abuse of children and vulnerable adults released a blistering final report on Wednesday. It found that state agencies and churches failed to prevent, stop, or admit New Zealand abuse — even when they knew about it. The scale of the abuse was “unimaginable,” scrutiny […]
US Ambassador Visits Haiti to Meet New Leaders and Kenyan Police Helping to Curb Gang Violence
UNITED NATIONS (AP) — The U.S. ambassador to the United Nations traveled to Haiti on Monday to meet leaders of the new transitional government and the Kenyan police who are the vanguard of a U.N.-backed force meant to help the country’s national police curb widespread gang violence. A senior U.S. administration official said Ambassador Linda […]
Police, troops block Ugandan opposition headquarters ahead of protest
KAMPALA (Reuters) -Soldiers and police sealed off the headquarters of Uganda’s biggest opposition party on Monday. This precautionary measure came ahead of the Ugandan opposition protest planned for Tuesday despite a ban. #UgandanOppositionProtest On social media platform X, Robert Kyagulanyi, also known as Bobi Wine, reported that security personnel surrounded NUP headquarters in Kampala. They […]
Spain’s PM summoned as witness in wife’s alleged corruption case
MADRID (Reuters) -A Spanish court on Monday summoned Prime Minister Pedro Sanchez to testify as a witness. This is part of an investigation into Spain PM corruption allegations involving his wife. The case led him to consider resigning in April. #SpainPMCorruption Sanchez, who leads a minority Socialist-led government, will meet with judge Juan Carlos Peinado […]