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U. K. Retail Sales Rebound Most Since Early 2021
U. K. retail sales grew at the fastest pace since early 2021 underscoring that consumer spending is set to provide boost to the economic recovery in the first quarter of 2024. Retail sales volumes rebounded 3.4 percent in January, following a record fall of 3.3 percent in December, the Office for National Statistics said Friday.
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Google Launches AI Cyber Defense Initiative
Alphabet Inc.'s Google has launched the "AI Cyber Defence Initiative" as part of its bid to use AI's security potential through a proposed policy and technology agenda that will help secure, empower and advance the digital future. The AI Cyber Defense Initiative will help transform cybersecurity and use AI to reverse the dynamic known as the "Defender's Dilemma."
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Swiss Re FY23 Profit Surges, Ups Dividend, Confirms Outlook; Stock Down
Swiss Re Ltd. reported Friday significantly higher profit in its fiscal 2023, supported by improved underwriting margins and an increase in investment income with higher interest rates. Net premiums earned and fee income were higher than last year. Further, the company lifted its dividend, and confirmed forecast for higher earnings in fiscal 2024.
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Před 621 dny
Sensex, Nifty Extend Gains For Fourth Day On Global Cues
Indian shares ended higher for a fourth straight session on Friday, mirroring firm cues from global markets.
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Před 621 dny
European Shares Gain On Rate Cut Hopes
European stocks inched higher on Friday amid expectations of interest-rate cuts in the second quarter.
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FTSE 100 Rises As Retail Sales Rebound
U.K. stocks rose notably on Friday after retail sales rebounded by much more than expected in January.
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CAC 40 Gains On Hopes For Early Rate Cuts
French stocks advanced on Friday after data showed U.S. retail sales declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates.
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more news
DAX Edges Higher On ECB Rate Cut Hopes
German stocks traded higher on Friday amid expectations of interest-rate cuts in the second quarter.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Friday.
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Asian Shares Rise On Wall Street Cues
Asian stocks followed Wall Street higher on Friday after stocks on Wall Street set a new record overnight following a decline in U.S. Treasury yields.
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Před 621 dny
CPSC Recalls: Electric Smokers, Climbing Sticks, Bicycle Helmets, Fuel Bottles
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including digital electric smokers, climbing sticks, bicycle helmets and fuel bottles citing various reasons. The recall involves Char-Broil LLC's digital electric smokers due to risk of electric shock; FeraDyne Outdoors LLC's Rhino Climbing Sticks for fall and laceration hazards...
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Před 621 dny
Yen Falls As Asian Shares Traded Higher
The Japanese weakened against other major currencies in the Asian session on Friday as Asian stock markets traded higher, after the latest batch of U.S. economic data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut as early as June.
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Před 621 dny
Nike To Cut 2% Of Global Workforce
Sportswear giant Nike Inc. plans to reduce its global workforce by about 2 percent as part of its efforts to reduce costs and streamline the organization amid softer revenue outlook and increasing competition, reports said citing a memo. More than 1,600 employees are likely to be affected with the job cuts based on the company's total workforce of about 83,700 employees worldwide.
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Před 621 dny
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