German Trains Will Get Frosted 'Smooch Cabins' and 'Digital Towels' To Reserve Seats Soon
Deutsche Bahn's idea for frosted glass doors in its new compartments will allow passengers to take calls in private and not worry about people hearing them.
Tesla Profits Tumble But Shares Rise On New Vehicle Plan
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for a more affordable EV.
German Rail, Air Workers Walk Out In New Strike Round
Hundreds of thousands of passengers in Germany faced travel misery Thursday as rail and airport workers stage new strikes to back demands for higher wages.
Germany Braces For Fresh Rail, Air Travel Strikes
Germany braced for more travel misery after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, amid escalating rows over inflation-busting pay rises.
Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn
Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.
Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.
US Transition To Electric Vehicles Faces Delays
The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.
US Fed Likely To Pause Again With Rates At 22-year High
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
JPMorgan Agrees to Settle $75 Million Jeffrey Epstein Lawsuit With US Virgin Island
JPMorgan agreed to settle the case to avoid further litigation, although the bank initially denied the allegations in the US Virgin Islands' lawsuit.
US Fed likely to pause rate hikes despite higher inflation
The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of mixed economic data, while leaving the door open to another hike if needed.
Asian markets mostly gain ahead of key rate decisions
Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.
Google warns employees about chatbot security including its own Bard
Google's parent company Alphabet has reportedly warned engineers against using computer code that can be easily generated by chatbots.
Five banks under CMA Investigation for breaching UK competitive bonds law
The banks named in the recent report are Royal Bank Of Canada, HSBC, Deutsche Bank, Citi and Morgan Stanley. These banks allegedly participated in a series of one-to-one conversations in chatrooms, where they divulged sensitive information to traders.
The 'rate of fraud is exploding' and AI has a crucial part to play
With Samsung banning AI tools like ChatGPT and the "rate of fraud is exploding", experts in the tech sector have mixed feelings about the growth of artificial intelligence.
Samsung bans use of AI tools like ChatGPT over security concerns
Samsung has asked its employees to refrain from using AI tools like ChatGPT on company-owned devices.
Dollar gains on rising US yields, British inflation lifts pound
The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates.
Analysis-HSBC, Goldman gender pay gaps widen in UK as finance makes slow progress
HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered reported a widening in the gap between what they paid women and men in 2022, according to data reviewed by Reuters.
UK businesses more upbeat about sales despite weak growth
Most British businesses expect their sales to rise over the coming year - an improvement from late 2022 - despite seeing no sales growth over the past three months, the British Chambers of Commerce said on Tuesday.
Banking rebound remains fragile as regulators review response to failures
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.
Dollar steady as banking crisis fears keep investors jittery
The dollar was firm on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.
Yellen tries to assuage investor fears as bank stocks slide
U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide on Thursday.
Bank of England and Federal Reserve claim banking systems are secure
The Bank of England and the US Federal Reserve have claimed the safety and strength of banking systems ahead of key decisions on interest rates.
Europe's bank bonds battered after Credit Suisse debt wipeout
European bank bonds slumped on Monday following the state-backed rescue of Credit Suisse by UBS as a wipeout of some bondholders raised concerns around broader bank capital and also hammered bank shares.
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances
Talks over rescuing Credit Suisse rolled into Sunday as UBS AG sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a person with knowledge of the talks said.
Credit Suisse meets to weigh options, under pressure to merge with UBS
Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG.
Goldman Sachs, other banks expect smaller hike from ECB in May
Goldman Sachs, Morgan Stanley and at least two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May, as it grapples with stress in the banking sector and high core inflation.
Credit Suisse shares leap in delicate truce with doubters
Credit Suisse shares jumped over 20% on Thursday after the company secured a lifeline from the Swiss central bank to shore up investor confidence, though some analysts said the market relief could be shortlived.
Speculators build $16 billion bearish bet on Europe's banks
Short sellers had amassed bearish positions worth more than $15.7 billion against European banks by Tuesday, after the collapse of Silicon Valley Bank sparked contagion fears and sent shares plunging, according to S&P Global Market Intelligence.
New SVB CEO urges top venture capital clients to move deposits back
Silicon Valley Bank's new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank's top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said.
Dealers see UK gilt issuance around 232 billion pounds in 2023/24: Reuters poll
Dealers expect Britain to ramp up issuance of government bonds in the coming financial year, although by less than suggested by Debt Management Office (DMO) forecasts published in November, a Reuters poll showed on Tuesday.