Author: Reuters
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Panel finds safety ‘disconnect’ between Boeing management, employees
By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -An expert panel reviewing Boeing’s safety management processes has found a “disconnect” between the planemaker’s senior management and employees on safety culture and raised other concerns. The panel’s report released on Monday was directed by U.S. Congress after two fatal Boeing 737 MAX crashes in 2018 and…
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Factbox-What a ceasefire and hostage deal for Gaza could include
(Reuters) – The United States has said a deal may be close for a ceasefire and hostage deal after nearly five months of war between Israel and Hamas that has devastated the Gaza Strip. The conflict was triggered when Hamas militants burst over the Gaza border to attack Israel on Oct. 7, killing around 1,200…
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Microsoft announces principles to foster innovation, competition in AI
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance. The move by the U.S. tech giant…
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Google aims to relaunch Gemini AI image tool in a few weeks
By Joan Faus BARCELONA (Reuters) -Google plans to relaunch in the next few weeks its AI tool that creates images of people, which it paused last week after inaccuracies in some historical depictions, Google DeepMind CEO Demis Hassabis said on Monday. Alphabet’s Google began offering image generation through its Gemini AI models earlier this month.…
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Analysis-Top global energy traders face multi-billion cash quandary
By Dmitry Zhdannikov and Julia Payne LONDON (Reuters) – As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their…
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Farmers protest across Europe, press ministers to act
By Philip Blenkinsop, David Latona and Anna Wlodarczak-Semczuk BRUSSELS/MADRID/WARSAW (Reuters) -Farmers on Monday blocked a border crossing between Poland and Germany, threw bottles at police in Brussels and gathered in Madrid to demand action on cheap supermarket prices and what they say is unfair competition from abroad. Agricultural ministers from across the European Union pledged…
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GDP bedamned – stocks seem to have life of their own: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -“The stock market is not the economy.” This truism has rarely been more relevant, as the extraordinary boom in a handful of mega tech stocks revs Wall Street up to new all-time highs even as many sectors lag behind and economic growth seems set to decelerate. But at…
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Global equity funds see outflows amid inflation concerns
(Reuters) – Investors reduced their holdings in global equity funds in the seven days up to Feb. 21 as unexpected robust inflation data tempered expectations for an imminent Federal Reserve rate cut. According to data from LSEG, investors sold global equity funds of a net $2.64 billion during the week after about $10.32 billion worth…
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Investors still flock to cash as stocks hit record highs
LONDON (Reuters) – Investors poured cash into money market funds at the fastest pace on record in the first weeks of the year, and funnelled another $15 billion into equities in the week to Wednesday, Bank of America Global Research said on Friday. The BofA report showed the equity market rally is broadening beyond the…
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Beer time? Investors tempted by brewers as spirits sales falter
By Emma Rumney LONDON (Reuters) -Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as easing cost pressures help brewers close the gap on the spirits giants that have outshone them for years. While spirits companies enjoyed record growth during a post-pandemic…