kslmadmin

By Andy Bruce MANCHESTER, England, Aug 13 (Reuters) – Britain’s economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment. While the Office for National Statistics said Britain’s economy grew by 0.4% in the second quarter, the information and communications sector contributed almost half of that […]

By Anushree Mukherjee Aug 13 (Reuters) – As the U.S.-Iran war drags on with no end in sight, oil traders and policymakers are grappling with a critical question: are global oil stocks enough to offset what could become the biggest supply disruption on record? The answer is far from clear, depending not only on how much oil remains in storage, but also on how much of it can actually be […]

MOSCOW, Aug 13 (Reuters) – A Russian military officer was killed on Thursday in what authorities described as an assassination in Sevastopol, the largest city in Russian-annexed Crimea, regional governor Mikhail Razvozhayev said. He said a woman had been arrested on suspicion of carrying out the attack on behalf of Ukrainian special services. There was no immediate comment from Ukraine. Razvozhayev did not identify the victim or the suspect. State […]

By Kirstin Ridley and Elizabeth Howcroft LONDON, Aug 13 (Reuters) – Britain’s financial regulator and HTX, a cryptocurrency exchange under UK and European Union sanctions, are in talks to settle allegations that the group is illegally promoting crypto services in the UK, court documents show. The Financial Conduct Authority last October sued HTX — formerly known as Huobi — one of the world’s largest crypto platforms, in which Chinese billionaire […]

By Maximilian Heath and Oliver Griffin BUENOS AIRES/SAO PAULO, Aug 13 (Reuters) – Latin America is bracing for what experts say could be the strongest El Niño on record, raising questions about how the climate phenomenon will affect the world’s top food-exporting region.   El Niño, characterized by unusually warm sea surface temperatures in the central and eastern tropical Pacific Ocean, disrupts weather patterns worldwide. In Latin America, it typically brings […]

Aug 13 (Reuters) – Futures tied to Wall Street’s main indexes inched higher on Thursday as crude oil prices fell and investors awaited producer-price inflation data for clues on inflation and the Federal Reserve’s interest rate path. Brent crude futures fell 1.9%, declining after six straight sessions of gains as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks. Iran and the United States remain […]

Aug 13 (Reuters) – Tapestry on Thursday issued an upbeat annual earnings forecast after beating Wall Street estimates for quarterly profit, helped by resilient demand from affluent and young shoppers for its Coach handbags. However, persistent weakness at its Kate Spade brand led to the company to forecast muted annual revenue, pushing shares down about 5% in premarket trading. The stock has gained roughly 20% this year. New York-based Tapestry, […]

By Mike Dolan Aug 13 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets There were no fireworks in the July consumer inflation report, offering marginal relief to markets wary of an upside surprise. Annual headline and core rates ticked down as expected, although the monthly core price gain was a touch hotter than forecast. I’ll get into that and more below. […]

Aug 13 (Reuters) – JD.com beat quarterly revenue estimates on Thursday, helped by a longer sales period for the annual 618 shopping festival, one of China’s largest online retail events. The e-commerce giant reported a 2.9% decline in total revenue to 346.4 billion yuan ($51.37 billion) in the second quarter ended June, but higher than analysts’ average estimate of 344.6 billion yuan, according to data compiled by LSEG. JD.com’s first […]