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By Anna Szymanski May 15 (Reuters) – Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! The long-awaited summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping hogged the spotlight this week, despite producing little market-moving news. The real story remains the stalemate in the Middle East, which is pushing up […]

NEW DELHI, May 15 (Reuters) – Tehran has “no trust” in the U.S. and is interested in negotiating with Washington only if it is serious, Iran’s Foreign Minister Abbas Araqchi said on Friday, as talks on ending the war remained on hold.  All vessels can pass through the Strait of Hormuz except those at war with Tehran, Araqchi told reporters in New Delhi during a visit to attend the BRICS […]

May 15 (Reuters) – Argentum AI has signed a deal worth around $2.5 billion with cloud gaming firm Boosteroid and real estate company DL Invest Group for a 300-megawatt data center in Europe, the artificial intelligence infrastructure provider told Reuters on Friday. Under the deal, Argentum said it will deploy graphics processing unit infrastructure in a data center, with the company expected to use tens of thousands of next-generation GPUs, […]

By Gergely Szakacs BUDAPEST, May 15 (Reuters) – Hungary’s new government faces mounting pressure to rethink a planned halt to non-EU worker visas, with companies and business groups warning an abrupt ban could hit output in an already tight labour market. Prime Minister Peter Magyar’s Tisza party, which ended right-wing leader Viktor Orban’s 16-year rule in an April 12 election landslide, has said it would stop issuing visas to workers […]

By Selena Li HONG KONG, May 15 (Reuters) – Schroders is exiting its wholly owned China fund unit and has reached a deal to sell its products to Neuberger Berman, three people with knowledge of the matter said, as the British fund manager looks to move out of its smaller operations. The move, which was first reported by Reuters, comes a month after Schroders’ shareholders approved the 9.9 billion pound […]

NEW YORK (AP) — Democratic leaders, desperate to compete in red states where their party brand is toxic, are embracing something new this midterm season: Not backing Democrats. In states like Nebraska, Idaho and Alaska, Democratic officials are, in some cases, looking past their own party’s candidates while subtly encouraging — or even openly promoting — independent candidates they hope can outperform the Democratic label. The Democratic National Committee and […]

WASHINGTON (AP) — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after eight tumultuous years, the U.S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed’s 2% target for more than five years, […]

WASHINGTON (AP) — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after eight tumultuous years, the U.S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed’s 2% target for more than five years, […]

KINSHASA, Congo (AP) — Africa CDC, the continent’s top public health body, on Friday confirmed a new Ebola outbreak in Congo’s remote Ituri province, with 246 suspected cases and 65 deaths recorded so far. The deaths and suspected cases have been recorded mainly in the Mongwalu and Rwampara health zones, the Africa Centres for Disease Control ​and Prevention said in a statement. “Four deaths have been reported among laboratory-confirmed cases. […]