gold hits fresh record above 2200 on rate cut hopes

Gold hits fresh record above $2,200 on rate cut hopes

Gold rallied to a fresh record above $2,200 on Thursday as traders welcomed a Federal Reserve signal that it would cut interest rates three times this year.
us fed expected to keep rates on hold and debate timing of cuts

US Fed expected to keep rates on hold and debate timing of cuts

The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.
french regulator hits google with 250 mn euro fine

French regulator hits Google with 250 mn euro fine

French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching an agreement on terms for paying media companies for reproducing their content online.
microsoft hires deepmind co founder to lead ai unit

Microsoft hires DeepMind co-founder to lead AI unit

DeepMind co-founder Mustafa Suleyman will become the head of a newly created consumer AI unit at Microsoft, the scientist and entrepreneur said on Tuesday.
japanese yen hits 16 year low against euro

Japanese yen hits 16-year low against euro

The Japanese yen fell to a 16-year low against the euro on Wednesday as the Bank of Japan indicated that monetary policy would remain loose even after shifting out of its negative interest rate environment.
nissan honda explore partnership in electric vehicles

Nissan, Honda explore partnership in electric vehicles

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a "once-in-a-century" upheaval in the car industry.
astrazeneca buys french biotech firm amolyt for 1 bn

AstraZeneca buys French biotech firm Amolyt for $1 bn

Anglo-Swedish pharmaceuticals giant AstraZeneca on Thursday agreed to buy French biotech specialist Amolyt Pharma for about $1 billion, expanding further into the field of rare drugs.
paris 2024 hopes to be model for lower carbon olympics

Paris 2024 hopes to be model for lower-carbon Olympics

This year's Paris Olympics will use renewable energy, serve lots of vegetarian meals and heavily restrict plastic bottles, but can an event involving so much construction and international travel ever be environmentally sustainable?
adidas reports first loss in 30 years on kanye fallout

Adidas reports first loss in 30 years on Kanye fallout

Adidas reported its first loss in over three decades Wednesday due to the fallout from the end of its collaboration with Kanye West, but the company insisted it was starting to turn its fortunes around.
ac milan under the microscope as sale to redbird probed

AC Milan under the microscope as sale to RedBird probed

AC Milan are the latest Serie A football club to fall under the microscope of Italy's investigative authorities after raids on their headquarters as part of a probe into their 2022 sale to American investment fund RedBird.
brazil revs up for jolt of hybrid car investments

Brazil revs up for jolt of hybrid car investments

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy.
openai partners with le monde and prisa media

OpenAI partners with Le Monde and Prisa Media

OpenAI on Wednesday announced partnerships with French daily Le Monde and Spanish conglomerate Prisa Media, saying it intends to develop news-related uses of its ChatGPT artificial intelligence tool.
us house easily passes tiktok ban bill as eyes turn to senate

US House easily passes TikTok ban bill as eyes turn to Senate

The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to sever ties with its Chinese parent company or be banned in the United States.
bitcoin hits fresh record above 71000

Bitcoin hits fresh record above $71,000

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year.
new kung fu panda kicks all comers to top namerica box office

New 'Kung Fu Panda' kicks all comers to top N.America box office

"Kung Fu Panda 4" opened at the top of the North American box office this weekend and "Dune: Part Two" became the year's first film to pass the $150 million mark domestically as movie-world glitterati gathered in Hollywood for Sunday's Oscars ceremony.