Business

Global subsidies rebound, especially in China, OECD says

Monday, June 1 by SRN News

PARIS, June 1 (Reuters) - Government subsidies to industry have reached their highest level since the global financial crisis, driven largely by China, a report from the Organisation for Economic Cooperation and Development said on Monday. • The OECD's Manufacturing Groups and Industrial Corporations database,... Read More.

From her bookstore in Nashville, Ann Patchett drives the literary conversation

Monday, June 1 by SRN News

NASHVILLE, Tenn. (AP) - When she isn't working on a novel, Ann Patchett is often thinking of what she can do for others: maybe coming up with a blurb for Douglas Stuart, or recording a video birthday message for fellow author-bookseller Emma Straub, or... Read More.

Nvidia bets on AI personal computers with new chip powering Windows laptops

Monday, June 1 by SRN News

TAIPEI, Taiwan (AP) - Nvidia unveiled Monday new powerful chips that would bring advanced artificial intelligence functions into laptops and desktop computers, with the new personal computer models from brands including Microsoft and Dell set to roll out later this year. While Santa Clara, California-based... Read More.

A guide to the bookstores owned by your favorite authors

Monday, June 1 by SRN News

NEW YORK (AP) - When Ann Patchett opened Parnassus Books in 2011, two major bookstores in Nashville had closed and physical bookstores in general seemed endangered as Amazon's share of the market kept growing. Amazon remains the dominant force, but physical, brick-and-mortar stores have... Read More.

African EV firm Spiro raises $215 million for electric mobility expansion

Monday, June 1 by SRN News

NAIROBI, Kenya (AP) - African electric vehicle firm Spiro has raised $215 million in equity financing to expand its battery-swapping and electric mobility infrastructure across Africa, the company said Monday. The investment round was backed by institutional investors in Europe and Africa, including Denmark's Impact... Read More.

Malaysia enforces ban on social media accounts for children younger than 16

Monday, June 1 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia on Monday began enforcing rules barring millions of children younger than 16 from owning social media accounts, joining a global effort to tighten online safety protections for young users. The rules require social media platforms to implement age-verification systems... Read More.

Goldman Sachs lifts 12-month STOXX 600 target on resilient earnings

Monday, June 1 by SRN News

June 1 (Reuters) - Goldman Sachs has raised its 12-month target for STOXX 600 index to 660, the U.S. brokerage said, citing resilient corporate earnings growth despite the war in the Middle East. The pan-European benchmark index has hovered close to record highs and notched... Read More.

Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says

Monday, June 1 by SRN News

By Leika Kihara TOKYO, June 1 (Reuters) - Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former... Read More.

Philippine senator charged with plunder says he will surrender

Monday, June 1 by SRN News

MANILA, Philippines (AP) - A Philippine senator said Monday that he will surrender after a court ordered his arrest on a charge of plunder linked to a huge kickback in a flood-control project. The special Sandiganbayan anti-graft court had initially issued a warrant for Sen.... Read More.

European cloud providers back EU push to cut reliance on US tech

Monday, June 1 by SRN News

BRUSSELS, June 1 (Reuters) - Thirteen European cloud providers joined forces with a group of EU lawmakers and NGOs on Monday to back the European Commission's drive to cut the region's dependence on U.S. technologies and support local businesses. • The Commission is set to... Read More.

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Current Weather

Global subsidies rebound, especially in China, OECD says

From her bookstore in Nashville, Ann Patchett drives the literary conversation

Nvidia bets on AI personal computers with new chip powering Windows laptops

A guide to the bookstores owned by your favorite authors

African EV firm Spiro raises $215 million for electric mobility expansion

Goldman Sachs lifts 12-month STOXX 600 target on resilient earnings

Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says

Philippine senator charged with plunder says he will surrender

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