News

Multiplex operates across Australia, the UK and Canada, delivering projects in residential, healthcare and other sectors.

By Helen Reid LONDON, June 19 (Reuters) - Eurocommerce, the European retail association whose members include Amazon, H&M, Inditex, and Ikea, is asking EU tech chief Henna Virkkunen to exempt AI-

Amazon said on Friday its Indian operations had reached a major milestone in ‌water conservation, at a time when global tech giants face increasing pressure ‌over their expansion of resource-hungry AI data centres. The U.S.-based company announced it had turned "water positive" in ​India this year - meaning it returns more water to communities than it uses across its operations, which include data centres, corporate offices and warehouses. Amazon, Microsoft and Alphabet's Google are among companies that are facing shareholder and activist pushback ⁠over the environmental impact of data centre projects, Reuters reported earlier this year.

Juneteenth has become a significant date on the American calendar, commemorating the end of slavery in the United States and marking the nation's newest federal holiday. As Americans prepare for the holiday, investors may be wondering whether Wall Street will be operating on its normal schedule or ...

June 19 (Reuters) - European shares inched higher on Friday, aided by gains in energy and healthcare stocks as investors remained cautious after U.S.-Iran negotiations to end the Middle conflict

Historical trends suggest inflation will be far stickier than anticipated.

(Bloomberg) -- The Bank of England will stress test private markets against a doomsday scenario featuring 7% interest rates, a 35% collapse in UK share prices, a 400 basis-point increase in leveraged loan spreads and a wide range of artificial intelligence disruptions, the central bank announced on Friday.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Pe

(Bloomberg) -- Global stocks are ending a strong week on a cautious note as relief over an interim peace deal between the US and Iran gave way to a focus on the significant hurdles that remain to secure a lasting agreement.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealUS and Iran Delay Nuclear Talks as Lebanon Clashes WorsenUS Tells ASML It’s

SpaceX's record-shattering IPO left $16.7 billion on the table—and the company is burning through cash fast enough that every dollar counts.

SINGAPORE, June 19 (Reuters) - China is stepping up scrutiny over exports of indium, leading some buyers to fear the niche metal, sought after for next-generation ‌data centers, may be added to the export control regime that has become ‌one of Beijing's most potent trade weapons. China produces nearly 70% of the world's indium, a byproduct of zinc refining mostly used ​in displays and solder but also the raw material for making indium phosphide, used to make high-speed optical chips for AI data

Google's Gemini co-lead Noam Shazeer is joining OpenAI, just two years after Google paid $2.7 billion to bring him back.

SpaceX shares dropped 18% from their IPO peak, leaving average retail buyers near breakeven, raising questions about the rally's durability.

By Stella Qiu SYDNEY, June 19 (Reuters) - Asian shares reversed course and fell on Friday as investors took some money off the table from record rallies in Japan and South Korea, while signs of an

The Turkish Competition ‌Board said on Friday ‌it had approved Uber ​Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from ‌Emirati controlling ⁠shareholder Mubadala. "The commitment by Uber Technologies ⁠Inc. to invest a total of ​US$500 million ​in ​Turkey is expected ‌to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development ‌of Turkey's digital ​and technology ​infrastructure," ​the competition board ‌said. Uber said in ​February ​it had agreed to acquire Getir's delivery ​arm, ‌expanding the U.S.-based company's ​Turkish footprint.

(Bloomberg) -- Investors looking for the stock market’s next artificial intelligence winner have honed in on embattled French car parts maker Valeo SE.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealUS and Iran Delay Nuclear Talks as Lebanon Clashes WorsenUS Tells ASML It’s Concerned China May Have Top Chip ToolShares in Valeo, which makes engin

Did you feel the “Whoosh” on Wednesday? That was stocks tanking after new Federal Reserve Chair Kevin Warsh’s first policy meeting. Hawkish talk and hawkish forecasts caused the odds of an interest rate hike to spike!

Rising inflation and climbing Treasury yields have already pushed investors to shift the narrative from interest rate cuts to potential rate hikes. Wednesday’s Federal Open Market Committee update made that outcome look a lot more realistic, maintains Bret Kenwell, US investment analyst at eToro US.

BEST CEOS Saudi Arabia’s oil monopoly recorded the largest annual corporate profit ever—$161 billion in 2022. Nvidia will almost certainly shatter that record this year: The consensus estimate is $217 billion, and rising.

CEO Raj Subramaniam has broken down the delivery company’s business silos and elevated its stock price.

The memory specialist heads into Wednesday's report having already guided for record revenue. But after a run that has more than tripled the stock this year, the outlook on memory pricing and supply may matter more than the quarter itself.

The rush to build AI data centres has created all sorts of unexpected winners and losers. It’s a good time to sell electrical components or air...

India's Nifty IT index slumped 5.6% on Friday after industry ‌bellwether Accenture forecast quarterly sales below ‌Wall Street view and lowered the upper end of its ​annual revenue outlook due to weakness in its Middle East business. Shares of Indian IT companies, including Tata Consultancy Services, Infosys, and HCL Tech fell ‌between 5% and ⁠8%. India's $315 billion IT sector has faced investor concerns that AI could disrupt ⁠its traditional, labour-intensive business model.

BENGALURU, June 19 (Reuters) - India's Nifty IT index slumped 5.8% on Friday after industry bellwether Accenture forecast quarterly ​sales below Wall Street view and lowered the upper end of its

(Bloomberg) -- Dutch chip-equipment giant ASML Holding NV is contending with its biggest challenge yet under the Trump administration: In a series of recent meetings, Commerce Secretary Howard Lutnick outlined concerns to ASML’s senior leaders that one of its top-of-the-line machines may have made its way into China, in violation of US-led export restrictions.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump Meeting

(Bloomberg) -- Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen reducing rates in 2026.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealNYC Greek Eatery Kiki’s Seized for Failure to Pay $1 Million TaxUS Ends Hormuz Blockade, Downplays Tolls as Negotiations RestartThe revised target

Somewhere in the past few weeks, a supply chain rumor got out that a chip program Broadcom has been working on with Google might be running late. Nobody confirmed it. No contract was lost, no customer pulled back, no earnings were restated. Just a rumor, and yet Broadcom's stock shed nearly 7% in ...

Every generational stock reaches a moment where its biggest fans start watching the tape with one eye closed. The story is still good. The buying is still frantic. And somewhere in the back of the room, a few people who own the dream begin asking how much of tomorrow has already been priced into ...

Space Exploration Technologies Corp.‘s $60 billion acquisition of AI coding startup Cursor has ignited a fierce Wall Street debate, drawing high-profile reactions from billionaire investor Bill Ackman and venture capitalist Chamath Palihapitiya on why the market will pay “massive premiums”...

June 19 (Reuters) - Indian shares are set to open lower on Friday, snapping a five-session winning streak, as renewed concerns over Middle East tensions and a weak read-through from Accenture's

Leading cryptocurrencies fell, while stocks rebounded on Thursday as investors parsed the hawkish pivot in the Federal Reserve’s policy. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.49%$63,012.93Ethereum (CRYPTO: ETH) -2.49%$1,713.17XRP (CRYPTO: XRP) -3.39%$1.14Solana (CRYPTO: SOL) -3.49%$69.83Dogecoin (CRYPTO: DOGE) -2.88%$0.08369 Crypto Market Dips Further Bitcoin fell to the early $62,000s, while Ethereum tumbled to an intraday low of $1,670, extendi