By Ankika Biswas and Pranav Kashyap (Reuters) – Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican…
By Jamie McGeever ORLANDO, Florida (Reuters) – When Federal Reserve Chair Jerome Powell and his colleagues meet this week to discuss their next interest rate move, they’ll face a much more complicated situation than they did only two months ago, due to the historic rise in long-dated Treasury yields since the central bank’s jumbo rate…
By Oliver Griffin BOGOTA (Reuters) – Deforestation in Colombia in 2024 is expected to have reached a higher level than during the previous year but is still forecast to be among the lowest levels in more than two decades, Environment Minister Susana Muhamad said on Monday. Deforestation fell by more than a third to just…
BRUSSELS (Reuters) – U.S. chipmaker Nvidia’s proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday. The EU competition enforcer said Nvidia will have to formally seek its approval for the deal, following a request from the Italian…
PARIS (Reuters) – French President Emmanuel Macron on Monday announced investment pledges to bolster France’s artificial intelligence sector totalling 109 billion euros ($112 billion)over the coming years. The financing, unveiled during the Paris AI summit, includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from…
By Michael S. Derby (Reuters) -The Federal Reserve’s latest Monetary Policy Report to Congress, released on Friday, was upbeat about the state of the economy but warned about some concerning aspects of the financial system. The report, which comes ahead of next week’s testimony before Congress by Fed Chair Jerome Powell, said central bank officials…
By Antoni Slodkowski, Liz Lee and Larissa Liao BEIJING (Reuters) – As Americans voted in one of the tightest presidential elections in decades, China braced for an outcome that – regardless of who wins – would spell four more years of bitter superpower rivalry over trade, technology and security issues. Strategists in Beijing said that…
LAUSANNE, Switzerland (Reuters) – The International Olympic Committee has no concerns over working with Donald Trump and his incoming administration on the Los Angeles 2028 Summer Olympics given the President-elect’s continued support of those Games, IOC President Thomas Bach said on Thursday. The Los Angeles Olympics were awarded in 2017 when Trump was president following…
BERLIN (Reuters) – Europe is prepared to act in response to possible restrictions to trade, German Economy Minister Robert Habeck said on Monday, after holding discussions with industry lobbies and the EU’s top trade representative about the threat of tariffs from the U.S. “Europe must and can only react unitedly and decisively to unilateral trade…
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 4.6% last month to 70.6, an all-time…
