Business

White House to rally utilities, data centers over AI power costs

Monday, July 13 by SRN News

By Jarrett Renshaw and Laila Kearney WASHINGTON, July 13 (Reuters) - The White House plans to bring together utility companies and data center developers for a voluntary pledge designed to ensure rapid growth in electricity demand from artificial intelligence does not drive up power bills... Read More.

Analysis-Global pension funds pull back on FX hedges as dollar woes ease

Monday, July 13 by SRN News

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK, July 13 (Reuters) - A solid U.S. dollar rally in 2026, driven by a hawkish Federal Reserve, has found support as global pension funds reverse hedges put on following last year's "Liberation Day" market unrest. Rising inflation... Read More.

Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high

Monday, July 13 by SRN News

HONG KONG, July 13 (Reuters) - Korean Air Lines reported a 34% drop in second-quarter operating profit on Monday, as surging fuel costs weighed on earnings despite the carrier posting record revenue for the quarter. • The South Korean flag carrier said operating profit for... Read More.

Wall Street banks ramp up digital assistants in bid to win productivity race

Monday, July 13 by SRN News

By Nupur Anand and Tatiana Bautzer NEW YORK, July 13 (Reuters) - Major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with human colleagues and clients as they race to get ahead. Banks are competing in... Read More.

Volkswagen CEO threatens 50,000 more job cuts in memo to staff

Monday, July 13 by SRN News

BERLIN, July 13 (Reuters) - Volkswagen could cut around 50,000 additional jobs based on calculations aimed at bringing the carmaker into line with the cost competitiveness of other companies, CEO Oliver Blume told staff in an internal memo seen by Reuters on Monday. (Reporting... Read More.

Stellantis vehicle shipments rise 10% in the second quarter led by North America

Monday, July 13 by SRN News

MILAN, July 13 (Reuters) - Stellantis said on Monday preliminary second-quarter vehicle shipments rose 10% from a year earlier to nearly 1.6 million units, driven by strong growth in North America, its most important market. In North America, Stellantis vehicle shipments rose 38% in the... Read More.

China’s GDP growth set to slow, raising expectations for more stimulus

Monday, July 13 by SRN News

By Kevin Yao BEIJING, July 13 (Reuters) - China's economy likely slowed in the second quarter after a solid start to the year, as weak domestic demand offset the boost from resilient exports during a global oil shock, fueling market expectations for fresh policy stimulus. Beijing... Read More.

Analysis-An emboldened India holds out for better terms in US trade talks

Monday, July 13 by SRN News

By Shivangi Acharya, Manoj Kumar and Trevor Hunnicutt NEW DELHI/WASHINGTON, July 13 (Reuters) - India rejected a quick trade agreement with the U.S. in recent talks and is holding out for a better deal as Prime Minister Narendra Modi draws confidence from new trading partners,... Read More.

China June exports growth set to cool, but AI demand underpins overall strength

Monday, July 13 by SRN News

BEIJING, July 13 (Reuters) - China's exports likely grew at a slightly slower but still-solid pace in June, as firms accelerated shipments to the U.S. ahead of possible new tariffs, rode the AI boom, and competed aggressively on prices to win over cost-conscious consumers. Exports... Read More.

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Monday, July 13 by SRN News

BANGKOK (AP) - Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to... Read More.

Current Weather

White House to rally utilities, data centers over AI power costs

Analysis-Global pension funds pull back on FX hedges as dollar woes ease

Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high

Wall Street banks ramp up digital assistants in bid to win productivity race

Volkswagen CEO threatens 50,000 more job cuts in memo to staff

Stellantis vehicle shipments rise 10% in the second quarter led by North America

China’s GDP growth set to slow, raising expectations for more stimulus

Analysis-An emboldened India holds out for better terms in US trade talks

China June exports growth set to cool, but AI demand underpins overall strength

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

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