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Oracle marches toward $1 trillion club; tech stocks cheer
Reuters· 2025-09-11 09:52
Oracle's shares rose on Thursday, adding to a record run in the previous session and lifting stocks across the tech sector, as the company inches closer to the coveted trillion-dollar club on soaring ... ...
Covestro shares climb as ADNOC plans EU concessions
Reuters· 2025-09-11 09:45
Shares in German chemicals maker Covestro rose on Thursday after Reuters reported that ADNOC was preparing to make concessions in response to an EU subsidy investigation of its 14.7 billion euro ($17.... ...
Britain defends investment record as Merck scraps labs over pharma environment
Reuters· 2025-09-11 09:43
Britain defended its record on attracting investment on Thursday after U.S. drugmaker Merck said it was abandoning a new London research centre and a top industry lobby group warned a challenging busi... ...
Italy's Pirelli to supply carmaker Aston Martin with Cyber Tyre technology
Reuters· 2025-09-11 09:37
British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy's Pirelli for future vehicles, the two companies said in a joint statement on Thursday. ...
Ray Dalio suggests gold as shield for U.S. markets at risk of heart attack
Reuters· 2025-09-11 09:36
Bridgewater founder and former CEO Ray Dalio says gold might be a way to shield investors from unhealthy markets, overburdened with debt. ...
Apple growers in Indian Kashmir face crippling losses from floods, road closures
Reuters· 2025-09-11 09:30
Apple growers in Indian Kashmir are staring at huge losses this year as floods and highway closures disrupt the peak harvest season, enmeshing growers and truckers in uncertainty, farmers and industry officials say. ...
Ryanair boss warns of years-long impact from Russia-Ukraine war on European airlines
Reuters· 2025-09-11 08:51
Ryanair Chief Executive Michael O'Leary warned on Thursday that the Russia-Ukraine war would be an ongoing issue for all European airlines for years to come, a day after Poland shot down suspected Rus... ...
China's Sinopec sets up $140 million environmental tech firm
Reuters· 2025-09-11 08:12
Group 1 - Sinopec has established a specialized company focused on environmental governance [1] - The new company is located in Guangzhou, a southern city in China [1]
IEA raises 2025 oil supply forecast after OPEC+ output hike decision
Reuters· 2025-09-11 08:04
Core Insights - The International Energy Agency (IEA) has raised its forecast for global oil supply growth in 2023 due to OPEC+'s decision to increase production [1] - The IEA has also increased its demand growth forecast, indicating a more optimistic outlook for the oil market [1] Supply Growth - The IEA's updated forecast reflects a significant adjustment in global oil supply growth, influenced by OPEC+'s production hike [1] - This adjustment suggests a response to changing market dynamics and potential supply constraints [1] Demand Growth - The IEA's revised demand growth forecast indicates an increase in global oil consumption, highlighting a recovery in demand post-pandemic [1] - This growth in demand is expected to further support oil prices and market stability [1]
Carlyle, EQT, HongShan, among final bidders for Starbucks China, sources say
Reuters· 2025-09-11 07:05
Group 1 - Global investment firms Carlyle Group and EQT are preparing final offers for a controlling stake in Starbucks' China operations [1] - Regional players HongShan Capital Group and Boyu Capital are also involved in the bidding process [1]