Texas oil drilling applications hit 4-year low as producers weigh OPEC+ hike, trade war
us_business
05/08/2025
Story Text: Oil and gas drilling permit applications in Texas https://www.reuters.com/world/us/texas/, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices.
US AI execs to give Congress policy wishlist for beating China
us_business
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
UPDATE 2-Brake maker Brembo sees contracting margins this year in tough market
uk_business
05/08/2025
Story Text: Italy's Brembo <BRBI.MI> guided on Thursday for a margin contraction this year, amid an extremely challenging market context for the automotive industry, after the premium brake maker reported a 13% fall in first-quarter core profit.
Central banks in Europe keep easing on the agenda even as Fed stays firmly on hold
us_business
05/08/2025
Story Text: Europe's central banks stood in stark contrast to their U.S. counterpart on Thursday, cutting interest rates or hinting at policy easing to come, even as the Federal Reserve kept a steady hand overnight and left investors guessing about its next move.
EXCLUSIVE-US considering new ship registry in US Virgin Islands, sources say
us_news
05/08/2025
Story Text: President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. Virgin Islands as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, according to four sources familiar with the matter.
Story Text: Britain's King Charles and heir to the throne Prince William will lay wreaths in Westminster Abbey later on Thursday, the culmination of the country's four days https://www.reuters.com/world/europe/king-charles-royals-mark-victory-europe-day-with-military-parade-2025-05-05/ of commemorations to mark the 80th anniversary of Victory in Europe Day.
Aspen closes up 8% on first day of trading after IPO
us_business
05/08/2025
Story Text: (The Insurer) - Aspen Insurance Holdings Limited’s share price closed up 8.3% on its first day of trading following its initial public offering, while American Integrity Insurance Group closed up 5.6% on its market debut.
UPDATE 2-Russia says Ukraine attempted border incursions after ceasefire started
uk_news
05/08/2025
Story Text: Russia's defence ministry said on Thursday Ukrainian forces had made two attempts to break through the border into Russia's Kursk region since the start of a three-day ceasefire unilaterally declared by Moscow.
'For us, the Pope is Peruvian': Andean nation cheers election of Pope Leo XIV
us_news
05/08/2025
Story Text: In the Peruvian coastal city of Chiclayo, some 5,000 kilometers (3,000 miles) from new Pope Leo XIV's hometown of Chicago, Catholics took to the streets and church bells rang on Thursday to celebrate the election of the former missionary who they embrace as one of their own.
UPDATE 8-Ukraine says Russia violating its own 3-day ceasefire, calls it a 'farce'
uk_news
05/08/2025
Story Text: Ukraine's foreign minister said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a farce , while Moscow said Kyiv had continued fighting.
Australian shares reverse course to end higher on Trump's trade deal announcement
us_business
05/08/2025
Story Text: Australian shares recouped the session's earlier losses to end higher on Thursday, buoyed by U.S. President Donald Trump's hint at a first trade deal in his global tariff war, while a lukewarm earnings update from ANZ Group dragged banks lower.
UPDATE 1-Pope Leo once levied criticism at Trump and Vance. MAGA is not amused.
us_news
05/08/2025
Story Text: Before becoming pontiff, the first U.S.-born pope was not shy about criticizing President Donald Trump and Vice President JD Vance - social media musings that pulled him into the maelstrom of divided U.S. politics on Thursday as he took on leadership of the global Catholic Church.
US STOCKS-Wall St set for higher open as stage set for US-Britain trade deal
uk_business
05/08/2025
Story Text: U.S. stock indexes were on track to open higher on Thursday, on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks rose on the prospect of fewer export curbs on AI semiconductors.
Story Text: Lyft <LYFT.O> increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday, signaling steady demand for its ride-hailing services.
UPDATE 1-Canadian financial system stable, but trade war poses big risks, says central bank
ca_news
05/08/2025
Story Text: A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
south_east_asia_business_news
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
Sterling rises even as BoE cuts rates, Britain poised for US trade deal
uk_business
05/08/2025
Story Text: The pound rose on Thursday, after the Bank of England delivered a widely expected cut to interest rates nBEL8GELAK, just as Britain was poised to strike a deal with the United States on trade.
Trump order against law firm Susman Godfrey faces court test
us_usreport
05/08/2025
Story Text: U.S. law firm Susman Godfrey will ask a judge in Washington on Thursday to permanently bar President Donald Trump's executive order against it, calling the measure an act of retaliation that trampled its rights under the U.S. Constitution.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
top_india
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Ukraine to host foreign ministers to endorse 'special tribunal' for Russian leadership
global_world
05/08/2025
Story Text: Ukraine will host a group of foreign ministers in Lviv on Friday to endorse the establishment of a special tribunal to prosecute the leadership of Russia, Belarus and North Korea for the crime of aggression against Ukraine https://www.reuters.com/world/ukraine-russia-war/, a senior Kyiv official said.
Arch combines London market and UK regional PI teams
uk_business
05/08/2025
Story Text: (The Insurer) - Arch Insurance International has combined its London market SME and UK regional operations for professional indemnity (PI) into a unified team led by Sophie Mansouri.
UPDATE 1-Soccer-Betis break Fiorentina hearts to reach Conference League final
global_sport
05/08/2025
Story Text: Abde Ezzalzouli emerged as Real Betis’ hero on Thursday after he netted an extra-time winner to make them the first Spanish side to reach the Conference League final with a 4-3 aggregate victory over Fiorentina, setting up a showdown with Premier League side Chelsea.
UPDATE 2-Pinterest's revenue forecast gets boost from AI ad tools, growing marketing spend
ca_business
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading.
UPDATE 3-US imposes Iran-related sanctions on third China 'teapot' refinery, port terminal
south_east_asia_top_news
05/08/2025
Story Text: U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ administration on Thursday imposed sanctions on a third Chinese independent, or teapot oil refinery and port terminal operators in China https://www.reuters.com/world/china/ for purchases of Iranian oil ahead of an expected fourth round of U.S.-Iran nuclear talks https://www.reuters.com/world/middle-east/iran-says-its-stance-toward-nuclear-talks-with-us-remains-constant-2025-05-05/.
UPDATE 1-Argentina's YPF to wrap up mature field exit by third quarter
rcom_energy
05/08/2025
Story Text: Argentine state-run oil company YPF <YPFDm.BA> expects to end its divestment process from mature fields by the third quarter, CEO Horacio Marin told analysts in a call on Thursday.
Russian and Chinese firms in active talks on Power of Siberia 2 gas pipeline, TASS reports
south_east_asia_top_news
05/08/2025
Story Text: Russia and China are at an active stage of talks on a proposed new gas pipeline, the Power of Siberia-2, carrying Russian gas via Mongolia to China, but are unlikely to sign a contract in the next couple of days, Energy Minister Sergei Tsivilev said, according to Russia state news agency TASS.
UPDATE 1-US says solution for Gaza aid is 'steps away' as aid groups raise alarm
middle_east_top_news
05/08/2025
Story Text: The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was steps away and an announcement was coming shortly, as the aid community expressed skepticism that the plan would bring relief to the enclave's conflict-ravaged population.
FACTBOX-'I still consider myself a missionary' - Pope Leo XIV in past interviews
uk_news
05/08/2025
Story Text: U.S. Cardinal Robert Prevost https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/, who on Thursday was elected as the new leader of the Catholic Church taking up the name of Leo XIV, is a soft-spoken figure who has shunned the limelight during his priestly career.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
global_world
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
UPDATE 1-BOJ split over how US policies impact rate hikes, March minutes show
us_business
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 3-Sports brand Puma adapts supply chain for China tariffs impact, hints at US price hikes
south_east_asia_business_news
05/08/2025
Story Text: German sportswear brand Puma <PUMG.DE> has reduced the amount of merchandise it ships to the United States https://www.reuters.com/world/us/ from China https://www.reuters.com/world/china/ to adapt its supply chain to tariffs https://www.reuters.com/business/tariffs/, and could increase prices in the U.S., the chief financial officer said on Thursday.
QUOTES-Bank of England policymakers speak after rate cut
uk_news
05/08/2025
Story Text: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 1-BOJ split over how US policies impact rate hikes, March minutes show
south_east_asia_business_news
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
Israel's plan to evacuate Gaza would be illegal forceful displacement, Norway and Iceland say
ca_news
05/08/2025
Story Text: Israel's plans to evacuate Palestinians from Gaza would amount to illegal forceful displacement, would lead to more violence and would undermine efforts to create a Palestinian state, the foreign ministers of Norway and Iceland said on Thursday.
South Korean presidential candidate accuses party of pushing him out
global_world
05/08/2025
Story Text: South Korea's right-wing presidential candidate Kim Moon-soo accused his party on Thursday of trying to force him out and threatened to take legal action just weeks ahead of a snap election slated for June 3.
JP Morgan creates new green banking leadership role
TRNI-Banking
05/08/2025
Story Text: JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.
CANADA FX DEBT-Canadian dollar hits three-week low on broad-based USD strength
ca_business
05/08/2025
Story Text: The Canadian dollar fell to a three-week low against its U.S. counterpart on Thursday as the Federal Reserve's patient stance on easing boosted the greenback and after the Bank of Canada said a lengthy trade war could put financial stability at risk.
Optis Partners reports 15% dip in Q1 insurance agency M&A deals in US and Canada
TRNI-Capital Markets
05/08/2025
Story Text: (The Insurer) - Optis Partners has released data showing that there were 141 announced insurance agency M&A deals in the first quarter of 2025, down 15% from the 166 in the same period of 2024.
Trump to raise Hong Kong Jimmy Lai case in China trade talks
south_east_asia_top_news
05/08/2025
Story Text: U.S. President Donald Trump has said he would raise the case of jailed Hong Kong activist and former media tycoon Jimmy Lai nL3N3PN0L0 as part of the negotiation with China over trade and tariffs, a move that could further stoke tensions with Beijing.
UPDATE 3-Trump asks US Supreme Court to allow revocation of migrants' legal status
TRNI-Civil Rights
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration asked the U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ on Thursday to intervene in its bid to revoke the temporary legal status granted by his predecessor Joe Biden https://www.reuters.com/topic/person/joe-biden/ to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the United States.
UPDATE 1-Taiwan April exports jump 30% ahead of U.S. tariffs, strong H1 seen
us_business
05/08/2025
Story Text: Taiwan's exports rose more than expected in April as customers stockpiled the island's high-tech products before any U.S. tariffs https://www.reuters.com/business/tariffs/ take effect, which could drive first-half exports to a new high.
RPT-India's appeal for investors dimmed but not derailed by conflict with Pakistan
south_east_asia_top_news
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
UPDATE 2-Israel mounts heavy airstrikes in south Lebanon
ca_news
05/08/2025
Story Text: Israel launched dozens of airstrikes in south Lebanon on Thursday, in one of its heaviest bombardments of the region since a ceasefire ended last year's war with the Iran-backed Hezbollah. https://www.reuters.com/world/middle-east/what-is-hezbollah-group-backing-hamas-against-israel-2024-02-15/
UPDATE 2-Former Memphis officers acquitted in beating death of Black motorist Tyre Nichols
TRNI-Civil Rights
05/08/2025
Story Text: A jury in a Tennessee state court on Wednesday acquitted three former Memphis police officers of second-degree murder and all other charges in the 2023 beating death of Black motorist Tyre Nichols.
UPDATE 1-Rheinmetall, ICEYE in initial deal to make military satellites
uk_business
05/08/2025
Story Text: Rheinmetall <RHMG.DE> has agreed with Finland's ICEYE to form a joint venture to make military satellites, part of a drive to repurpose automotive factories to serve the booming defence sector instead.
Story Text: Brazilian lender Itau Unibanco <ITUB4.SA> posted on Thursday a 13.9% increase in its first-quarter net recurring profit compared with a year earlier, marginally beating analysts' forecast amid a rise in profitability and a lower default ratio.
Toyota sees 21% full-year profit decline for fiscal 2025
south_east_asia_business_news
05/08/2025
Story Text: Toyota Motor <7203.T> forecast a 21% profit decline for the current financial year on Thursday, as the strain from U.S. President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ and an appreciating yen take some of the shine off strong hybrid demand.
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
middle_east_top_news
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
UPDATE 3-Grab looks to strike a deal to acquire Indonesia's GoTo in Q2, sources say
ca_business
05/08/2025
Story Text: U.S.-listed ride-hailing and food delivery company Grab <GRAB.O> is looking to strike a deal to take over smaller Indonesian rival GoTo <GOTO.JK> in the second quarter, two sources with knowledge of the matter said.
UPDATE 1-Israel's defence minister warns Yemen's Houthis of heavy retaliation
ca_news
05/08/2025
Story Text: Israel's defence minister on Thursday warned Yemen's Houthis will suffer heavy blows if they continue to fire at Israel and that its defence forces are prepared for any mission.
Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture
us_usreport
05/08/2025
Story Text: Republican hopes of making all of President Donald Trump https://www.reuters.com/world/us/donald-trump/'s 2017 tax cuts permanent are in jeopardy in Congress, as lawmakers struggle to agree on how to pay for them and Trump's trade war and immigration crackdown dim the prospect of economic growth.
India's stainless steel body to file anti-dumping petition in few weeks, Jindal Stainless says
business
05/08/2025
Story Text: India's Jindal Stainless <JIST.NS> said on Thursday a domestic trade body will soon seek anti-dumping duties on stainless steel imports from China and Vietnam, weeks after India levied https://www.reuters.com/world/india/india-imposes-12-temporary-tariff-some-steel-imports-2025-04-21/ a 12% temporary safeguard duty on some steel imports to support local mills.
UPDATE 1-China carmaker Geely shares rise nearly 7% after Zeekr unit offer
us_business
05/08/2025
Story Text: Shares of Chinese automaker Geely Automobile <0175.HK> jumped nearly 7% on Thursday after it offered nL4N3RF0VR to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States.
Press freedom stifled in Greece, reforms needed, says Human Rights Watch
uk_news
05/08/2025
Story Text: Press freedom has been stifled in Greece since Prime Minister Kyriakos Mitsotakis' conservative government came to power in 2019, with phone malware and aggressive lawsuits used against journalists, Human Rights Watch said in a report on Thursday.
EXCLUSIVE-India's top bourse seeks government intervention in IPO standoff with regulator, sources say
top_india
05/08/2025
Story Text: India's National Stock Exchange is asking the finance ministry to intervene in a years-long standoff with the markets regulator over its planned IPO, three sources with direct knowledge of the matter said, but the exchange has denied it's seeking government intervention.
EXCLUSIVE-Travel tech firm Navan hires banks for U.S. IPO, sources say
TRNI-Capital Markets
05/08/2025
Story Text: U.S. corporate travel and expense company Navan has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $8 billion, according to people familiar with the matter.
UPDATE 1-Enel focuses on share buyback, Italian licence after steady Q1
uk_business
05/08/2025
Story Text: Enel <ENEI.MI> is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, the utility's management said on Thursday after steady first-quarter results.
EU countries want red tape cut in energy laws, draft shows
sustainable_business
05/08/2025
Story Text: European Union countries want to include energy policies in the bloc's efforts to slash red tape for struggling industries, according to draft conclusions for a summit of EU energy ministers next month seen by Reuters.
US judge to weigh releasing detained Tufts student on Friday
ca_news
05/08/2025
Story Text: A federal judge decided on Thursday not to wait for President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration to bring a Tufts University doctoral student https://www.reuters.com/world/us/tufts-says-international-student-taken-into-us-custody-visa-revoked-2025-03-26/ being held in a Louisiana immigration detention facility back to Vermont as previously ordered before assessing whether she should be released from custody.
Canadian Natural Resources beats first-quarter profit estimates
ca_canada
05/08/2025
Story Text: Canadian Natural Resources <CNQ.TO> beat analysts' estimates for first-quarter profit on Thursday as it benefited from higher oil and natural gas production.
UPDATE 8-Ukraine says Russia violating its own 3-day ceasefire, calls it a 'farce'
ca_news
05/08/2025
Story Text: Ukraine's foreign minister said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a farce , while Moscow said Kyiv had continued fighting.
UPDATE 2-Zelenskiy says 30-day ceasefire would be 'real indicator' of movement towards peace
us_news
05/08/2025
Story Text: Ukrainian President Volodymyr Zelenskiy said on Thursday he told U.S. President Donald Trump in a telephone call that a 30-day ceasefire was a real indicator of moving towards peace with Russia and Kyiv was ready to implement it immediately.
Ukraine, allies discuss ways to pressure Russia into 30-day ceasefire
ca_news
05/08/2025
Story Text: Ukraine has discussed ways to pressure Russia into agreeing to a 30-day ceasefire https://www.reuters.com/world/what-is-us-ukraine-proposed-30-day-ceasefire-deal-about-2025-03-12/ with U.S., French, British and German senior officials, President Volodymyr Zelenskiy's top aide said on Thursday, part of a flurry of diplomacy to try to end the war.
UPDATE 1-Apple asks US appeals court to pause ruling in Epic Games case
global_technology
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
global_world
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV and becoming the first U.S. pontiff.
Peloton raises 2025 revenue forecast, counts on video subscriber growth
trni_bankruptcy
05/08/2025
Story Text: Fitness company Peloton Interactive <PTON.O> raised its 2025 revenue forecast on Thursday, banking on an increase in subscriptions for its instructional videos to offset slowing demand for its exercise equipment.
UPDATE 2-Campari's results miss expectations, uncertainty about tariffs weighed
uk_business
05/08/2025
Story Text: Italian spirits group Campari <CPRI.MI>, posted a decline in revenue and adjusted operating profit in the first quarter, well below analysts expectations, partly due to the uncertainty about U.S. tariffs in an already struggling sector.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
ca_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
UPDATE 2-Near-record US container import streak expected to snap in May due to tariffs
us_business
05/08/2025
Story Text: U.S. container imports surged in April as companies raced to avoid President Donald Trump's tariffs, which now include a 145% duty on goods from China, but executives at the country's two busiest ports said the trend looked set to reverse in May.
Haiti gangs' US terrorism designation risks harming most vulnerable, NGOs warn
ca_news
05/08/2025
Story Text: The designation of Haiti's major gangs as terrorists by Washington could risk further entrenching their power by limiting financial and humanitarian aid, NGOs focused on organized crime and human rights have warned.
UPDATE 1-Philippines, China trade accusations on South China Sea confrontation
south_east_asia_top_news
05/08/2025
Story Text: The Philippines and China gave conflicting versions on Thursday of a maritime confrontation around a contested shoal in the South China Sea, the latest incident in a longstanding dispute between the neighbours.
CORRECTED-US energy companies seek exemption from Trump plan to move LNG on US-built ships
rcom_energy
05/08/2025
Story Text: U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
UPDATE 1-China carmaker Geely shares rise nearly 7% after Zeekr unit offer
south_east_asia_business_news
05/08/2025
Story Text: Shares of Chinese automaker Geely Automobile <0175.HK> jumped nearly 7% on Thursday after it offered nL4N3RF0VR to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States.
Israel's plan to evacuate Gaza would be illegal forceful displacement, Norway and Iceland say
middle_east_top_news
05/08/2025
Story Text: Israel's plans to evacuate Palestinians from Gaza would amount to illegal forceful displacement, would lead to more violence and would undermine efforts to create a Palestinian state, the foreign ministers of Norway and Iceland said on Thursday.
Foreign workers a key driver of euro zone growth, say ECB economists
uk_business
05/08/2025
Story Text: Foreign workers accounted for much of the euro zone's economic growth since the pandemic and could help the bloc overcome the economic constraints of an ageing and shrinking labour market, a European Central Bank study concluded on Thursday.
US AI execs to give Congress policy wishlist for beating China
ca_business
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
UPDATE 2-Peloton shares slide on bigger-than-expected Q3 loss
us_business
05/08/2025
Story Text: Peloton Interactive <PTON.O> raised its 2025 revenue forecast on Thursday but reported a bigger third-quarter loss than expected as the fitness company struggles to recover from a post-pandemic slump, sending its shares down more than 14% in morning trading.
UPDATE 11-Prevost surprises as first US pope, takes name Leo XIV
ca_news
05/08/2025
Story Text: Cardinal Robert Prevost, a long-time missionary in Latin America, was elected as the surprise choice to be the new leader of the Catholic Church https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ on Thursday, becoming the first U.S. pope and taking the name Leo XIV.
UPDATE 1-Israel's defence minister warns Yemen's Houthis of heavy retaliation
global_world
05/08/2025
Story Text: Israel's defence minister on Thursday warned Yemen's Houthis will suffer heavy blows if they continue to fire at Israel and that its defence forces are prepared for any mission.
UPDATE 3-US, Britain to announce trade deal on Thursday, New York Times says
uk_news
05/08/2025
Story Text: U.S. President Donald Trump is expected to announce a trade deal between the United States and Britain on Thursday, the New York Times reported on Wednesday, citing three people familiar with the plans.
UPDATE 2-Norwegian utility Statkraft halts new green hydrogen developments
uk_business
05/08/2025
Story Text: Norway's biggest utility, state-owned Statkraft on Thursday said it has stopped developing new green hydrogen projects citing higher costs and uncertain demand, while reporting a drop in first quarter earnings amid lower power prices.
COP30 Brazilian presidency calls for new global climate governance
global_world
05/08/2025
Story Text: The Brazilian presidency of COP30, this year's climate summit, called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter it released on Thursday.
The art of the possible: Britain settles for quick win in US trade deal
uk_news
05/08/2025
Story Text: Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win https://www.reuters.com/world/europe/us-britain-expected-announce-tariff-deal-thursday-2025-05-08/ instead.
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
us_usreport
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away https://www.reuters.com/business/bill-gates-give-away-fortune-by-2045-200bn-worlds-poorest-2025-05-08/ some $200 billion to the world's poorest people in the next two decades.
UPDATE 2-Air Canada lowers annual core profit forecast as US travel slows
ca_business
05/08/2025
Story Text: Air Canada <AC.TO> on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts' estimates, as trans-border traffic declined due to a weaker Canadian dollar and trade tensions with the United States.
UPDATE 1-Greek lender Eurobank posts 9.4% rise in first-quarter profit
uk_business
05/08/2025
Story Text: Greek lender Eurobank <EURBr.AT> reported a 9.4% increase in first-quarter profit on Thursday, driven by higher net fee and commission income.
South Korean presidential frontrunner says US risks isolation with tariffs
us_news
05/08/2025
Story Text: South Korea's presidential frontrunner said Seoul should not rush a trade deal with the United States and called for a coordinated response with other countries to U.S. tariffs, arguing that Washington risked isolation with its policy.
Wirecard fugitive discussed weapons, diamonds with Russian spy ring leader
TRNI-Data Privacy
05/08/2025
Story Text: Wirecard fugitive Jan Marsalek nL5N3PE083 and the leader of a British-based Russian spy ring discussed sourcing drones for Russia's war in Ukraine, trading blood diamonds and providing mercenaries in Africa, according to messages shown to a London court.
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of a trade deal between the United States and Britain, while sterling reversed gains made after an interest rate cut from the Bank of England.
FBI chief reverses course after saying White House budget proposal too low
us_usreport
05/08/2025
Story Text: FBI Director Kash Patel told a U.S. Senate panel on Thursday that he supports a White House proposal to cut the bureau's budget, a day after telling lawmakers he had wanted $1 billion more https://www.reuters.com/world/us/senate-democrat-requests-probe-into-fbi-director-patels-use-government-plane-2025-05-07/ than the administration had requested.
EXCLUSIVE-India's top bourse seeks government intervention in IPO standoff with regulator, sources say
business
05/08/2025
Story Text: India's largest exchange, National Stock Exchange, is asking the finance ministry to intervene in a years-long standoff with the country's markets regulator over its planned IPO, three sources with direct knowledge of the matter said.
UPDATE 2-European stocks rise after Trump strikes tariff deal with UK
uk_news
05/08/2025
Story Text: European shares ended higher on Thursday after U.S. President Donald Trump announced nL1N3RG0BS a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies.
Asian Paints misses quarterly profit estimates on tepid demand
top_india
05/08/2025
Story Text: Asian Paints <ASPN.NS> missed fourth-quarter profit expectations on Thursday, pressured by subdued retail demand at its mainstay decorative paints segment.
Story Text: Sabadell <SABE.MC> raised on Thursday its payout target for 2024 and 2025, as the Spanish bank tries to fend off a hostile takeover by its larger rival BBVA <BBVA.MC>, with quarterly profits surpassing forecasts despite pressure on lending income.
Story Text: Democrats have asked the Wisconsin Supreme Court to invalidate the state's congressional map as illegally advantageous to Republicans, a move that if successful could help determine which party controls the U.S. House of Representatives after next year's midterm elections.
Morocco to invest $760 mln in disaster response stockpiling
business_news
05/08/2025
Story Text: Morocco plans to spend 7 billion dirhams ($760 million) on storage platforms across the country to stockpile necessities in immediate response to potential disasters, state media said.
Britain's digital tax on 'Big Tech' not impacted by trade deal
uk_domestic
05/08/2025
Story Text: Britain's digital services tax, imposed on U.S. companies like Amazon <AMZN.O>, Google <GOOGL.O> and Meta <META.O>, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said.
UPDATE 5-DBS cautious about 2025 after Q1 profit beats expectations
us_economy
05/08/2025
Story Text: Singapore lender DBS Group <DBSM.SI> flagged risk from heightened uncertainty and softer non-interest income growth for 2025 after posting on Thursday a 2% drop in first-quarter net profit that beat expectations.
UPDATE 1-BOJ split over how US policies impact rate hikes, March minutes show
ca_business
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 1-Trump's plan to fix air traffic control faces huge hurdles
us_business
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
FOREX-Dollar rises against safe-haven currencies buoyed by US-UK trade deal
uk_business
05/08/2025
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves soothed by a bilateral trade deal between the United States and the United Kingdom https://www.reuters.com/world/uk/, while sterling reversed gains made after an interest rate cut from the Bank of England.
Enel confirms 2025 guidance after good Q1 in Spain and Latin America
rcom_energy
05/08/2025
Story Text: Italian utility Enel <ENEI.MI> on Thursday confirmed its full-year guidance after posting better-than-expected first quarter results at its units in Spain and Latin America.
UPDATE 1-Taiwan April exports jump 30% ahead of U.S. tariffs, strong H1 seen
us_economy
05/08/2025
Story Text: Taiwan's exports rose more than expected in April as customers stockpiled the island's high-tech products before any U.S. tariffs https://www.reuters.com/business/tariffs/ take effect, which could drive first-half exports to a new high.
US STOCKS-Wall Street rallies as first trade deal reached
south_east_asia_business_news
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
EU seeks feedback on merger rules revamp amid pressure from businesses
uk_business
05/08/2025
Story Text: EU antitrust regulators are seeking feedback from companies and Europeans on their proposed overhaul of merger rules which telecom providers hope will place more emphasis on benefits from innovation and investment.
Russia deployed missile in attack on Ukraine's Poltava region, governor says
uk_news
05/08/2025
Story Text: Russian forces deployed a missile in central Ukraine's Poltava region on Thursday, a top regional official said, an attack that occurred during Moscow's proclaimed three-day ceasefire to mark the defeat of Nazi Germany in World War Two.
US STOCKS-Wall St rises after US-Britain trade deal boosts market confidence
south_east_asia_business_news
05/08/2025
Story Text: Wall Street's main indexes climbed more than 1% each on Thursday as investors assessed a new trade agreement between the United States and Britain, the first such trade deal the U.S. has signed after President Donald Trump paused tariffs last month.
JP Morgan creates new green banking leadership role
sustainable_business
05/08/2025
Story Text: JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.
UPDATE 1-Bitcoin retakes $100,000 on global trade deal optimism
uk_business
05/08/2025
Story Text: Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ between the United States https://www.reuters.com/world/us/ and the United Kingdom https://www.reuters.com/world/uk/ in a sign that perhaps U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ trade war with the rest of the world is easing.
UPDATE 3-Sorrell's S4 Capital revenue falls as tech clients focus spending on AI
ca_business
05/08/2025
Story Text: Martin Sorrell's ad group S4 Capital <SFOR.L> said on Thursday that clients were choosing to spend on artificial intelligence rather than marketing, pushing first-quarter revenue 11% lower.
EXCLUSIVE-Under Trump, Saudi civil nuclear talks delinked from Israel recognition, sources say
global_world
05/08/2025
Story Text: The United States is no longer demanding Saudi Arabia normalise ties with Israel as a condition for progress on civil nuclear cooperation talks L4N3R70XZ, two sources with knowledge of the matter told Reuters ahead of U.S. President Donald Trump's visit https://www.reuters.com/world/middle-east/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30/ next week.
Wind energy firm EDPR's profit falls 24% despite strong revenues
rcom_energy
05/08/2025
Story Text: EDP Renovaveis <EDPR.LS>, the world's fourth largest wind energy producer, said on Thursday its first quarter net profit fell 24%, despite a solid revenue increase, as it did not make any capital gains in the period unlike a year earlier.
Vultures rescued from mass poisoning in South African game reserve
top_news
05/08/2025
Story Text: South African park rangers and a local wildlife organisation rescued more than 80 vultures from a mass poisoning in the country's Kruger National Park this week, though they were unable to save over 120 vultures.
Israel's plan to evacuate Gaza would be illegal forceful displacement, Norway and Iceland say
uk_news
05/08/2025
Story Text: Israel's plans to evacuate Palestinians from Gaza would amount to illegal forceful displacement, would lead to more violence and would undermine efforts to create a Palestinian state, the foreign ministers of Norway and Iceland said on Thursday.
UPDATE 2-Trump says China tariffs will come down from 145%
ca_news
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Thursday he expects there to be substantive negotiations between the United States https://www.reuters.com/world/us/ and China https://www.reuters.com/world/china/ on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.
Story Text: EDP Renovaveis <EDPR.LS>, the world's fourth largest wind energy producer, said on Thursday its first-quarter net profit fell 24%, despite a solid revenue increase, as it did not make any capital gains in the period unlike a year earlier.
UPDATE 3-US, Britain to announce trade deal on Thursday, New York Times says
uk_business
05/08/2025
Story Text: U.S. President Donald Trump is expected to announce a trade deal between the United States and Britain on Thursday, the New York Times reported on Wednesday, citing three people familiar with the plans.
Story Text: (The Insurer) – Lloyd’s on Thursday confirmed insider Patrick Tiernan will be its next CEO. While Tiernan is no stranger to Lime Street, The Insurer takes a closer look into the man set to take the helm of the global marketplace.
China resumes Brazilian soy imports from 5 suspended firms ahead of Lula visit, source says
ca_business
05/08/2025
Story Text: China, the world's largest soybean buyer, has resumed Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, according to a source familiar with the matter and Chinese customs data.
Press freedom stifled in Greece, reforms needed, says Human Rights Watch
global_world
05/08/2025
Story Text: Press freedom has been stifled in Greece since Prime Minister Kyriakos Mitsotakis' conservative government came to power in 2019, with phone malware and aggressive lawsuits used against journalists, Human Rights Watch said in a report on Thursday.
Banks drag Australian shares lower after ANZ reports flat half-year earnings
ca_business
05/08/2025
Story Text: Australian shares slipped on Thursday, dragged by banks, after lender ANZ Group reported flat first-half cash earnings and flagged margin pressures due to high interest rates and living costs.
Story Text: Europe's largest copper producer Aurubis <NAFG.DE> reported half-year core profit above market expectations on Thursday, helped by higher contributions from sulfuric acid and precious metals.
British equities rise on UK-US trade deal optimism; eyes on BOE rate decision
uk_business
05/08/2025
Story Text: Britain's main indexes climbed on Thursday, with news that U.S. President Donald Trump would announce a trade deal with Britain boosting investor sentiment, just ahead of the Bank of England's expected rate cut.
MIDEAST STOCKS-Major Gulf markets mixed on earnings, focus on US-China talks
middle_east_top_news
05/08/2025
Story Text: Major stock markets in the Gulf were mixed in early trade on Thursday on earnings results, while investors awaited the outcome of U.S.-China trade talks this weekend.
Story Text: The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
UPDATE 3-Australia exchange operator proposes IPO reforms to revive listings
ca_business
05/08/2025
Story Text: The Australian Securities Exchange (ASX) <ASX.AX> on Thursday unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia's capital markets and revitalising its subdued initial public offering landscape.
Euro zone bonds yields nudge higher, gilts spike on BoE cut
uk_news
05/08/2025
Story Text: Euro zone government bond yields nudged higher on Thursday, but held largely steady after the Bank of England cut rates and suggested it needed to adjust policy gradually.
EXCLUSIVE-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
us_business
05/08/2025
Story Text: Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects.
EXCLUSIVE-Under Trump, Saudi civil nuclear talks delinked from Israel recognition, sources say
middle_east_top_news
05/08/2025
Story Text: The United States is no longer demanding Saudi Arabia normalise ties with Israel as a condition for progress on civil nuclear cooperation talks L4N3R70XZ, two sources with knowledge of the matter told Reuters ahead of U.S. President Donald Trump's visit https://www.reuters.com/world/middle-east/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30/ next week.
UPDATE 1-Detroit Three automakers blast Trump UK trade deal
us_business
05/08/2025
Story Text: A group representing General Motors <GM.N>, Ford <F.N> and Stellantis <STLAM.MI> blasted President Donald Trump's trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector.
India's Titan beats fourth-quarter profit estimates on jewellery, coins demand
business
05/08/2025
Story Text: Indian jeweller and watchmaker Titan <TITN.NS> surpassed fourth-quarter profit estimates on Thursday as resilient demand for premium jewellery and gold coins from affluent customers outweighed higher bullion prices.
Story Text: Britain's King Charles and heir to the throne Prince William will lay wreaths in Westminster Abbey later on Thursday, the culmination of the country's four days https://www.reuters.com/world/europe/king-charles-royals-mark-victory-europe-day-with-military-parade-2025-05-05/ of commemorations to mark the 80th anniversary of Victory in Europe Day.
Gaza's Christians confident new Pope will give importance to enclave's peace
uk_news
05/08/2025
Story Text: Gaza's tiny Christian community said that they were happy about the election of a new leader of the Catholic Church on Thursday, adding they were also confident he would give importance to the war-torn enclave like his predecessor Pope Francis did.
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
global_world
05/08/2025
Story Text: The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.
Utility Talen Energy posts quarterly loss on higher expenses
rcom_energy
05/08/2025
Story Text: Utility Talen Energy <TLN.O> reported a loss for the first quarter on Thursday, hurt by higher interest and energy expenses, sending its shares down 3.3% in premarket trading.
French supermarket group Auchan to cut over 700 jobs in Spain
world_at_work
05/08/2025
Story Text: French privately-owned supermarket group Auchan plans to cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers who now shun large supermarkets for smaller stores and online shopping, it said on Thursday.
European shares rise as Trumps signals 'major' trade deal
ca_business
05/08/2025
Story Text: European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment.
UPDATE 1-China loosens gold import quotas with eye on arresting yuan rally
south_east_asia_business_news
05/08/2025
Story Text: China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said on Wednesday.
UPDATE 1-Saudi Arabia invites leaders of GCC for Gulf-US summit in Riyadh, says adviser to Bahraini king
middle_east_top_news
05/08/2025
Story Text: The Bahraini king's media adviser, Nabeel al-Hamer, said on Thursday that Saudi Arabia's King Salman bin Abdulaziz has invited leaders of the Gulf Cooperation Council (GCC) to attend a Gulf-U.S. summit in Riyadh.
FOREX-Sterling jumps with Aussie as Trump moots 'major' trade deal
uk_business
05/08/2025
Story Text: The pound jumped on Thursday, taking the Australian dollar with it, after U.S. President Donald Trump said he would announce a major trade deal later in the day, with the New York Times reporting nL1N3RG01P it would be Britain.
UPDATE 10-Airlines re-route, cancel flights due to India-Pakistan fighting
global_world
05/08/2025
Story Text: Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ nine sites in Pakistan, raising fears of an escalation.
UPDATE 3-Securitas shares down on first quarter profit miss
uk_business
05/08/2025
Story Text: Securitas <SECUb.ST>, one of the world's largest security services providers, reported a smaller-than-expected rise in first-quarter core profit on Thursday owing to currency headwinds, sending it shares down 6.2% in early trade.
Foreign workers a key driver of euro zone growth, say ECB economists
uk_news
05/08/2025
Story Text: Foreign workers accounted for much of the euro zone's economic growth since the pandemic and could help the bloc overcome the economic constraints of an ageing and shrinking labour market, a European Central Bank study concluded on Thursday.
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
uk_news
05/08/2025
Story Text: The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.
CORRECTED-UPDATE 1-Tennis-Osaka inspired by Agassi as she embraces claycourt grind
global_sport
05/08/2025
Story Text: Four-times Grand Slam champion Naomi Osaka said this year's claycourt swing feels different as she enters it with momentum and confidence following a run of victories.
UPDATE 2-Auto parts group Dowlais adjusts revenue and margin forecasts
uk_business
05/08/2025
Story Text: British auto parts supplier Dowlais <DWL.L> said on Thursday it expects full-year adjusted revenue and operating margin in 2025 to be towards the lower end of its forecast, citing continued market volatility.
Toyota sees 21% full-year profit decline for fiscal 2025
ca_business
05/08/2025
Story Text: Toyota Motor <7203.T> forecast a 21% profit decline for the current financial year on Thursday, as the strain from U.S. President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ and an appreciating yen take some of the shine off strong hybrid demand.
RPT-Reduced to rubble: India strikes alleged headquarters of militant groups in Pakistan's heartland
top_india
05/08/2025
Story Text: Video footage from the early hours of Wednesday shows a bright flash from the residential Islamic seminary outside Bahawalpur in central Pakistan as India attacked its neighbour https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ in response to the killing of Indian tourists in Kashmir.
US FDA centers to deploy AI internally immediately
global_technology
05/08/2025
Story Text: The U.S. Food and Drug Administration said on Thursday all its centers will have to be deploy artificial intelligence internally immediately, with full integration on June 30.
Italy's Snam posts 8% rise in first-quarter core profits
uk_business
05/08/2025
Story Text: Italy's gas grid group Snam <SRG.MI>, which recently acquired a stake in Germany's fuel operator Open Grid Europe nL5N3QM0IV, reported on Thursday an 8% annual rise in its first-quarter adjusted core profit.
UPDATE 1-India's Paytm, founder settle with markets regulator in stock options case
business
05/08/2025
Story Text: Indian payments firm Paytm <PAYT.NS> and its founder and CEO Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
UPDATE 2-Jailed Istanbul Mayor Imamoglu's X account blocked in Turkey
middle_east_top_news
05/08/2025
Story Text: Access to the X account of jailed Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, has been blocked in Turkey in response to a legal demand, a message on his social media account said on Thursday.
US STOCKS-Wall Street rallies as first trade deal domino falls
us_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement forged between the United States and Britain, while U.S. President Donald Trump indicated upcoming talks with China would be more substantial than initially thought.
UPDATE 2-In Panama, Trump's new ambassador casts China as threat to frayed alliance
south_east_asia_top_news
05/08/2025
Story Text: The United States' new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
UPDATE 3-Trump urged US House Speaker Johnson to raise top tax rate, sources say
ca_news
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors, two people familiar with the conversation said on Thursday.
South Korean presidential frontrunner says US risks isolation with tariffs
south_east_asia_top_news
05/08/2025
Story Text: South Korea's presidential frontrunner said Seoul should not rush a trade deal with the United States and called for a coordinated response with other countries to U.S. tariffs, arguing that Washington risked isolation with its policy.
UPDATE 3-Lanxess posts Q2 guidance below expectations, but confirms FY outlook
uk_business
05/08/2025
Story Text: German speciality chemicals maker Lanxess <LXSG.DE> on Thursday reported a 31.7% jump in first quarter core profit, beating market expectations, but said second quarter earnings would drop after the sale of a unit and amid concerns about U.S tariffs.
Pinterest's strong revenue forecast signals growing ad spend
ca_business
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, a sign of growing advertising spend on the social media platform despite uncertainty over marketing budgets.
FACTBOX-'I still consider myself a missionary' - Pope Leo XIV in past interviews
global_world
05/08/2025
Story Text: U.S. Cardinal Robert Prevost https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/, who on Thursday was elected as the new leader of the Catholic Church taking up the name of Leo XIV, is a soft-spoken figure who has shunned the limelight during his priestly career.
Yemenia Airways aircraft destroyed in Israeli strikes on Sanaa Airport uninsured
middle_east_top_news
05/08/2025
Story Text: (The Insurer) - Yemenia Airways aircraft that were destroyed as part of the Israeli military’s airstrike on Sanaa International Airport in Yemen on Tuesday were uninsured, four senior aviation market sources told The Insurer.
Britain's digital tax on 'Big Tech' not impacted by trade deal
global_technology
05/08/2025
Story Text: Britain's digital services tax, imposed on U.S. companies like Amazon <AMZN.O>, Google <GOOGL.O> and Meta <META.O>, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said.
Nigeria to issue two green bonds to fund eco-friendly projects
business_news
05/08/2025
Story Text: Nigeria plans to launch its third and fourth sovereign green bond issuance by the end of May and in October, aiming to raise 300 billion naira ($187 million) for environmental projects, a cabinet minister said on Thursday.
BOJ divided over how US policies impact rate hike timing at March meeting, minutes show
south_east_asia_business_news
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 3-Bank of England cuts rates in split decision before US tariff deal
uk_news
05/08/2025
Story Text: The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
Pinterest's strong revenue forecast signals growing ad spend
us_business
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, a sign of growing advertising spend on the social media platform despite uncertainty over marketing budgets.
UPDATE 1-Albania's Rama seeks fourth term in election dominated by graft, EU membership
uk_news
05/08/2025
Story Text: Ilir Rranci moved to a hamlet outside the Albanian city of Elbasan for the view of snow-capped peaks and a garden big enough for fruit trees, chickens and turkeys. Today, however, the surrounding scenery is obstructed by a multicoloured mountain of rubbish from a next-door landfill.
Shortsellers target companies offering nice-to-haves in April, Hazeltree data shows
us_business
05/08/2025
Story Text: Speculators in April bet stock prices would fall at companies where people spend their extra cash, believing that creeping recession risks might spook consumers, said a research report from Hazeltree on Thursday.
Story Text: Republicans on the U.S. Senate Foreign Relations Committee backed five nominees for diplomatic positions on Thursday despite a Democratic boycott, underscoring deep divisions between members of President Donald Trump's https://www.reuters.com/world/us/donald-trump/ party and lawmakers from the minority.
FACTBOX-What items are in the EU's new response measures to Trump tariffs?
us_business
05/08/2025
Story Text: The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures https://www.reuters.com/business/autos-transportation/eu-sets-out-95-bln-euro-countermeasures-us-tariffs-2025-05-08/ to U.S. tariffs should negotiations with Washington fail.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
sustainable_business
05/08/2025
Story Text: Coal India <COAL.NS> will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
Expedia misses quarterly revenue estimates amid weak US travel demand; shares down
uk_business
05/08/2025
Story Text: Online travel platform Expedia <EXPE.O> missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending.
FACTBOX-What items are in the EU's new response measures to Trump tariffs?
uk_business
05/08/2025
Story Text: The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures https://www.reuters.com/business/autos-transportation/eu-sets-out-95-bln-euro-countermeasures-us-tariffs-2025-05-08/ to U.S. tariffs should negotiations with Washington fail.
'Mediterranean Blue Diamond' could fetch $20 million at auction
global_oddly_enough
05/08/2025
Story Text: A 10-carat blue diamond which could fetch $20 million when it goes under the hammer later this month was presented by auction house Sotheby's in Geneva on Thursday.
UPDATE 2-India's Asian Paints expects worst demand in decades to persist
business
05/08/2025
Story Text: India's Asian Paints <ASPN.NS> said on Thursday demand conditions were at their worst in decades and unlikely to improve in the near term, as the market leader grapples with rising competition and weak buyer spending.
UPDATE 1-Pope Leo once levied criticism at Trump and Vance. MAGA is not amused.
global_world
05/08/2025
Story Text: Before becoming pontiff, the first U.S.-born pope was not shy about criticizing President Donald Trump and Vice President JD Vance - social media musings that pulled him into the maelstrom of divided U.S. politics on Thursday as he took on leadership of the global Catholic Church.
UPDATE 2-India's L&T sees higher margins in FY26 as international orders surge
top_india
05/08/2025
Story Text: India's Larsen and Toubro (L&T) <LART.NS> on Thursday said it is targeting higher core margins for the current fiscal year on the back of a strong order book, after reporting a fourth-quarter profit above the analysts' estimate.
UPDATE 1-Indian rupee, shares, bonds drop on signs of escalation in India-Pakistan conflict
top_india
05/08/2025
Story Text: The Indian rupee, equities and bonds dropped on Thursday, pressured by risk aversion after India said it pushed back Pakistani retaliation overnight.
Soccer-Chelsea reach Conference League final with 5-1 aggregate win
global_sport
05/08/2025
Story Text: Favourites Chelsea, playing a second-string team, cantered into the Europa Conference League final with a regulation 1-0 win over Swedish side Djurgarden on Thursday for a 5-1 aggregate victory.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
TRNI-Civil Rights
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
Soccer-Betis break Fiorentina hearts to book Conference League final
global_sport
05/08/2025
Story Text: Abde Ezzalzouli emerged as Real Betis’ hero on Thursday after he netted an extra-time winner to make them the first Spanish side to reach the Conference League final with a 4-3 aggregate victory over Fiorentina, setting up a showdown with Premier League side Chelsea.
UPDATE 1-Trump's plan to fix air traffic control faces huge hurdles
us_usreport
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
Moody's says tariffs may hit African banks through China slowdown
south_east_asia_business_news
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
UPDATE 1-Bosch says US tariffs' impact is unpredictable, sees flat 2025 organic sales
uk_business
05/08/2025
Story Text: German automotive supplier Robert Bosch [ROBG.UL] said on Thursday it would not be able to estimate the impact of tariffs on its business until late in the year, and predicted 2025 sales to grow by a currency-adjusted 1% to 3%.
US AI execs to give Congress policy wishlist for beating China
TRNI-Data Privacy
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
INDIA STOCKS-Indian benchmarks tepid as traders gauge geopolitical tensions, Fed comments
business
05/08/2025
Story Text: Indian benchmark indexes were subdued on Thursday, as investors weighed geopolitical tensions with Pakistan, persistent concerns over inflation and unemployment risks in the United States.
UPDATE 2-Russia says Ukraine attempted border incursions after ceasefire started
us_news
05/08/2025
Story Text: Russia's defence ministry said on Thursday Ukrainian forces had made two attempts to break through the border into Russia's Kursk region since the start of a three-day ceasefire unilaterally declared by Moscow.
INDIA BONDS-India bond yields fall as investors see limited risk of India-Pakistan flare-up
top_india
05/08/2025
Story Text: Indian government bond yields fell early on Thursday, as investors saw little risk of further India-Pakistan escalation, while strong demand and continued the central bank bond purchases supported the market.
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
business
05/08/2025
Story Text: U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed.
Molson Coors cuts annual forecasts on tariff pressures
us_business
05/08/2025
Story Text: Molson Coors <TAP.N> lowered its forecast for annual sales and profit on Thursday, in anticipation of Trump's tariffs weighing on beer demand, sending the company's shares down about 9% in premarket trading.
India scraps short-term investment, concentration limits for foreign investors in corporate debt
top_india
05/08/2025
Story Text: India's central bank said on Thursday it has decided to withdraw short-term investment and concentration limits for foreign portfolio investors (FPIs) in corporate debt securities, in a move aimed at boosting foreign inflows.
UPDATE 6-Apple's plan to offer AI search options on Safari a blow to Google dominance
ca_business
05/08/2025
Story Text: Apple's plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search engine.
CORRECTED-Tennis-Osaka and Jabeur advance in Italian Open as Badosa, Kvitova pull out
global_sport
05/08/2025
Story Text: Naomi Osaka and Ons Jabeur advanced to the Italian Open third round in Rome on Thursday after ninth seed Paula Badosa and twice Wimbledon champion Petra Kvitova withdrew due to injury.
Story Text: Packaging firm Mondi <MNDI.L> reported a sequential increase in first-quarter profit on Thursday, as cost cuts and fewer maintenance shutdowns helped offset the industry-wide subdued demand, and said the direct impact of tariffs was limited.
Olympics-LA28 reveals venues for Olympic opening and closing ceremonies
north_american_sports
05/08/2025
Story Text: Los Angeles Memorial Coliseum and SoFi Stadium in Inglewood will serve as the venues for the opening and closing ceremonies of the 2028 Olympic and Paralympic Games, LA28 announced on Thursday.
UPDATE 3-Coinbase quarterly profit falls as expenses climb, shares down
ca_business
05/08/2025
Story Text: Crypto exchange Coinbase <COIN.O> reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 3% in extended trading.
US STOCKS SNAPSHOT-Wall St opens higher ahead of potential US-UK deal announcement
us_economy
05/08/2025
Story Text: Wall Street's main indexes opened higher on Thursday on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks added to gains on the prospect of fewer export curbs on AI semiconductors.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Ransomware group Lockbit appears to have been hacked, analysts say
global_technology
05/08/2025
Story Text: The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.
UPDATE 1-Baseball-White Sox or Cubs? Pope's Chicago baseball allegiance debated
global_oddly_enough
05/08/2025
Story Text: One question consuming Chicago baseball fans: What team does Pope Leo https://www.reuters.com/world/prevost-first-us-pope-supported-francis-shunned-spotlight-2025-05-08/ support?
UPDATE 2-German spy agency pauses 'extremist' classification for AfD party
uk_news
05/08/2025
Story Text: Germany's domestic spy agency BfV has paused its classification of the Alternative for Germany (AfD) as an extremist organisation in what the AfD on Thursday called a partial victory for its challenge against the decision.
Rugby-Youth no barrier for Pollock, says fellow teenage star Farrell
global_sport
05/08/2025
Story Text: Andy Farrell was a rugby league international at 17 and captained his country at 21 so he was never likely to be phased by the “youth” of 20-year-old Henry Pollock, the most eye-catching name in the British and Irish Lions squad.
Story Text: The European Parliament voted on Thursday in favour of loosening the EU's rules on filling gas storage, agreeing with concerns from member states that the targets risk inflating energy prices.
UPDATE 5-'Friends of steel': Xi and Putin pledge to stand together against US
global_world
05/08/2025
Story Text: Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be friends of steel , as they pledged to raise cooperation to a new level and decisively counter the influence of the United States.
Boxing-Shields set to defend undisputed heavyweight crown against Daniels in July
global_sport
05/08/2025
Story Text: Undisputed heavyweight champion Claressa Shields will defend her belts against Lani Daniels on July 26, Shields announced in a post on X on Wednesday.
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
rcom_energy
05/08/2025
Story Text: The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) <CLc1> widened on Thursday.
UPDATE 2-Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
middle_east_top_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established group of Southeast Asian and Arab nations that Beijing hopes to rally against U.S. tariffs https://www.reuters.com/business/tariffs/, two sources told Reuters.
UPDATE 2-UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald, Bloomberg News reports
uk_business
05/08/2025
Story Text: Swiss lender UBS <UBSG.S> is in talks to sell its hedge fund unit, O'Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter.
EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
us_business
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
Moody's says tariffs may hit African banks through China slowdown
ca_business
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
UPDATE 1-Pope Leo once levied criticism at Trump and Vance. MAGA is not amused.
uk_news
05/08/2025
Story Text: Before becoming pontiff, the first U.S.-born pope was not shy about criticizing President Donald Trump and Vice President JD Vance - social media musings that pulled him into the maelstrom of divided U.S. politics on Thursday as he took on leadership of the global Catholic Church.
Singapore distillates stocks rise to nearly 9 million barrels
business
05/08/2025
Story Text: Singapore's middle distillates inventories rose for a second straight week as net exports of both diesel/gasoil and jet fuel/kerosene slipped, official data showed on Thursday.
US Chief Justice Roberts underscores defense of judiciary amid Trump's attacks
us_news
05/08/2025
Story Text: U.S. Chief Justice John Roberts underscored his defense of the American judiciary on Wednesday amid verbal attacks by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and his allies on judges who have impeded aspects of his sweeping agenda, again stating that impeachment is an inappropriate response to unfavorable rulings.
Apple asks US appeals court to pause ruling in Epic Games case
global_technology
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
Kongsberg's profit soars in 1st quarter on defence systems demand
uk_business
05/08/2025
Story Text: Norwegian defence equipment maker Kongsberg Gruppen <KOG.OL> reported an 81% higher first-quarter core profit on Thursday, driven by demand for its missiles and air defence systems among others.
CORRECTED-UK's Reeves faces pressure to hike taxes again as economy stumbles, think-tank says
uk_business
05/08/2025
Story Text: British finance minister Rachel Reeves looks set to miss her budget targets again, in part due to the economic growth hit from her tax increase on employers, raising the prospect of more tax hikes later this year, a think-tank said on Thursday.
Software provider EPAM raises annual forecasts, announces CEO change
global_technology
05/08/2025
Story Text: EPAM Systems <EPAM.N> raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10% in premarket trading.
EXCLUSIVE-Travel tech firm Navan hires banks for U.S. IPO, sources say
ca_business
05/08/2025
Story Text: U.S. corporate travel and expense company Navan has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $8 billion, according to people familiar with the matter.
Story Text: The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate.
UPDATE 2-King Charles calls for global peace as UK marks 80th anniversary of VE Day
uk_news
05/08/2025
Story Text: Britain's King Charles said on Thursday the world had a duty to commit to seeking lasting peace and preventing warfare in a speech to mark the end of four days https://www.reuters.com/world/europe/king-charles-royals-mark-victory-europe-day-with-military-parade-2025-05-05/ of commemorations for the 80th anniversary of Victory in Europe Day.
Vultures rescued from mass poisoning in South African game reserve
global_environment
05/08/2025
Story Text: South African park rangers and a local wildlife organisation rescued more than 80 vultures from a mass poisoning in the country's Kruger National Park this week, though they were unable to save over 120 vultures.
UPDATE 1-US commerce chief says dozens of trade deals to be rolled out over next month
us_business
05/08/2025
Story Text: Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday
ANALYSIS-Investors add Fed rate uncertainty to tariff murkiness
U.S. MONEY
05/08/2025
Story Text: Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing the likelihood that the chaotic trade backdrop means the path of monetary policy remains up in the air.
India's Sula Vineyards' quarterly profit drops on weak urban consumption
top_india
05/08/2025
Story Text: India's biggest winemaker Sula Vineyards <SULA.NS> reported a nearly 4% fall in fourth-quarter profit on Thursday, hurt by a prolonged slowdown in urban consumption.
UPDATE 2-'Deglobalisation' is an opportunity, Acerinox says
ca_business
05/08/2025
Story Text: Spanish steelmaker Acerinox <ACX.MC> said on Thursday it expects to benefit from deglobalisation and increased trade barriers, though tariff-related uncertainties hurt the company's first-quarter results.
Tennis-Alcaraz raring to go, welcomes Sinner back from doping ban
north_american_sports
05/08/2025
Story Text: Carlos Alcaraz said he is back to his best for the Italian Open after suffering injuries last month while the Spaniard also welcomed back world number one Jannik Sinner, who is poised for a comeback on home soil after serving a doping suspension.
RPT-Reduced to rubble: India strikes alleged headquarters of militant groups in Pakistan's heartland
global_world
05/08/2025
Story Text: Video footage from the early hours of Wednesday shows a bright flash from the residential Islamic seminary outside Bahawalpur in central Pakistan as India attacked its neighbour https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ in response to the killing of Indian tourists in Kashmir.
INDIA RUPEE-India-Pakistan conflict pushes rupee to worst day in over two years
top_india
05/08/2025
Story Text: The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country's bonds and equities.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
us_economy
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
global_world
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
Texas oil drilling applications hit 4-year low as producers weigh OPEC+ hike, trade war
rcom_energy
05/08/2025
Story Text: Oil and gas drilling permit applications in Texas https://www.reuters.com/world/us/texas/, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude prices.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
us_business
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
Apple asks US appeals court to pause ruling in Epic Games case
us_business
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
UPDATE 1-US says it is probing foreign donations at University of Pennsylvania
ca_news
05/08/2025
Story Text: The U.S. Department of Education said on Thursday it opened an investigation into foreign donations at the University of Pennsylvania, alleging the Ivy League school made inaccurate and untimely foreign financial disclosures in the past.
US AI execs to give Congress policy wishlist for beating China
global_technology
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
Poland's Bank Handlowy posts 4.2% fall in first-quarter net profit, but beats expectations
uk_business
05/08/2025
Story Text: Poland's Bank Handlowy <BHW.WA> posted a 4.2% fall in its first-quarter net profit on Thursday, mainly due to the reduced earnings from protection against financial risks.
FACTBOX-Major cases involving Trump before the US Supreme Court
ca_news
05/08/2025
Story Text: The U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ has acted in a series of cases involving challenges to executive orders signed by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and actions by his administration since he returned to office in January. Cases at the court have involved deportations, protected status for certain migrants, Trump's transgender military ban, his move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials, cuts to teacher training grants, payments to foreign aid organizations and access to Social Security data.
FBI probes New York AG James over mortgage fraud allegations, media reports
us_usreport
05/08/2025
Story Text: The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump https://www.reuters.com/world/us/donald-trump/ has publicly targeted because she pursued legal action against him.
UPDATE 1-US Consulate General in Pakistan's Lahore directs staff to shelter in place
south_east_asia_top_news
05/08/2025
Story Text: The U.S. Consulate General in Lahore, Pakistan, has directed its staff to shelter in place amid reports of drone explosions, downed drones and possible airspace incursions, the country's State Department said on Thursday.
EXCLUSIVE-BYD aims to sell half its cars outside China by 2030, sources say
uk_business
05/08/2025
Story Text: BYD, China's No. 1 automaker <002594.SZ>, aims to sell half of its vehicles outside the Chinese market by 2030, a massive increase that would make it a rival to the world's largest automakers, according to four people familiar with the matter.
UPDATE 2-Tinder parent Match's paying users fall as demand slowdown intensifies
global_technology
05/08/2025
Story Text: Match Group <MTCH.O> on Thursday posted a 5% fall in paying users for the first quarter, sending its shares down 7% as investors concerned about the Tinder owner's business revamp looked past its estimate-beating results.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
TRNI-Banking
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
EMERGING MARKETS-Malaysia's ringgit leads Asian FX losses ahead of BNM rate decision
south_east_asia_business_news
05/08/2025
Story Text: The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank's expected rate pause, while the greenback stabilised after the U.S. Federal Reserve maintained its benchmark interest rate.
UPDATE 2-Trump castigates Fed's Powell for not cutting rates, downplays inflation risk
us_business
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ renewed his criticism on Thursday of Federal Reserve Chair Jerome Powell, calling him a fool and complaining that the Fed is refusing to lower interest rates.
UPDATE 2-Israel mounts heavy airstrikes in south Lebanon
us_news
05/08/2025
Story Text: Israel launched dozens of airstrikes in south Lebanon on Thursday, in one of its heaviest bombardments of the region since a ceasefire ended last year's war with the Iran-backed Hezbollah. https://www.reuters.com/world/middle-east/what-is-hezbollah-group-backing-hamas-against-israel-2024-02-15/
FOREX-Dollar rises against safe-haven currencies buoyed by US-UK trade deal
business_news
05/08/2025
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves soothed by a bilateral trade deal between the United States and the United Kingdom https://www.reuters.com/world/uk/, while sterling reversed gains made after an interest rate cut from the Bank of England.
UPDATE 4-Macquarie's profit beats forecasts, sees no immediate business changes
us_business
05/08/2025
Story Text: Australia's Macquarie Group <MQG.AX> reported stronger-than-expected annual profit on Friday and said it did not expect any major changes to its business due to global trade risks, sending its shares 4% higher.
CORRECTED-UK's Reeves faces pressure to hike taxes again as economy stumbles, think-tank says
uk_domestic
05/08/2025
Story Text: British finance minister Rachel Reeves looks set to miss her budget targets again, in part due to the economic growth hit from her tax increase on employers, raising the prospect of more tax hikes later this year, a think-tank said on Thursday.
Enel confirms 2025 guidance after good Q1 in Spain and Latin America
uk_business
05/08/2025
Story Text: Italian utility Enel <ENEI.MI> on Thursday confirmed its full-year guidance after posting better-than-expected first quarter results at its units in Spain and Latin America.
Romania's political crisis heightens recession risks, employers say
uk_news
05/08/2025
Story Text: A deepening political crisis https://www.reuters.com/markets/europe/romania-looks-counter-capital-outflows-after-far-right-election-gains-2025-05-06/ after the first round of Romania's presidential election triggered the collapse of a pro-Western government, raised the risk of pushing the country into recession, the head of the country's largest investors' group said.
UPDATE 1-US says solution for Gaza aid is 'steps away' as aid groups raise alarm
us_news
05/08/2025
Story Text: The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was steps away and an announcement was coming shortly, as the aid community expressed skepticism that the plan would bring relief to the enclave's conflict-ravaged population.
Sterling rises even as BoE cuts rates, Britain poised for US trade deal
uk_domestic
05/08/2025
Story Text: The pound rose on Thursday, after the Bank of England delivered a widely expected cut to interest rates nBEL8GELAK, just as Britain was poised to strike a deal with the United States on trade.
Optis Partners reports 15% dip in Q1 insurance agency M&A deals in US and Canada
uk_business
05/08/2025
Story Text: (The Insurer) - Optis Partners has released data showing that there were 141 announced insurance agency M&A deals in the first quarter of 2025, down 15% from the 166 in the same period of 2024.
RPT-EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
rcom_energy
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
CORRECTED-Euro zone bond yields edge higher after Fed warning, investors await BoE
us_business
05/08/2025
Story Text: Euro zone government bond yields edged higher on Thursday after the U.S. Federal Reserve warned about the risks of higher inflation and unemployment, with investors now looking towards the Bank of England's monetary policy meeting later in the day.
EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
rcom_energy
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 2-Poland's May rate cut does not mean beginning of cycle, c.bank governor says
uk_business
05/08/2025
Story Text: The fact that Poland's Monetary Policy Council (MPC) cut interest rates in May does not mean the beginning of a cycle of monetary policy easing, central bank Governor Adam Glapinski said on Thursday.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
rcom_energy
05/08/2025
Story Text: Coal India <COAL.NS> will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
us_business
05/08/2025
Story Text: The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
Merz assures Zelenskiy his government can be relied upon for support
uk_news
05/08/2025
Story Text: Germany's new Chancellor Friedrich Merz assured Ukrainian President Volodymyr Zelenskiy that his government could be relied upon for continued support against Russia's invasion, in a telephone call on Thursday, a government spokesperson said.
CANADA STOCKS-TSX opens higher on prospects of US-UK trade deal
ca_business
05/08/2025
Story Text: Canada's main stock index opened higher on Thursday, tracking a global market rally, on news that the United States was on the verge of signing a trade agreement nL1N3RG0BS with Britain.
UPDATE 3-Siemens Energy expects limited US tariff hit, raises prices for new orders
rcom_energy
05/08/2025
Story Text: Power equipment maker Siemens Energy <ENR1n.DE> expects a limited hit to profits from U.S. tariffs, citing price increases for new orders as well as a drive to find more local suppliers for parts it needs in its single biggest market.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
uk_business
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_usreport
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Britain's Next raises profit outlook again on strong trading
uk_business
05/08/2025
Story Text: British clothing retailer Next <NXT.L> on Thursday edged up its current year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, helped by a spell of warm weather.
FACTBOX-Airlines suspend flights to Israel after Houthi attack on airport
middle_east_top_news
05/08/2025
Story Text: Some global airlines have again halted their flights to and from Tel Aviv after a missile fired nL1N3RC01F by Yemen's Houthi rebels towards Israel on Sunday landed near the country's main international airport.
US tariff uncertainty weighs on Infineon's revenue outlook
us_business
05/08/2025
Story Text: German chipmaker Infineon Technologies <IFXGn.DE> reported stable order intake on Thursday but lowered its full-year revenue outlook due to uncertainty over global tariff disputes.
UPDATE 1-Trump calls for 30-day Russia-Ukraine ceasefire, warns of more sanctions
global_world
05/08/2025
Story Text: U.S. President Donald Trump called on Thursday for a 30-day unconditional ceasefire between Russia and Ukraine, warning that Washington and its partners would impose further sanctions if the ceasefire is not respected.
CORRECTED-Tennis-Osaka and Jabeur advance in Italian Open as Badosa, Kvitova pull out
north_american_sports
05/08/2025
Story Text: Naomi Osaka and Ons Jabeur advanced to the Italian Open third round in Rome on Thursday after ninth seed Paula Badosa and twice Wimbledon champion Petra Kvitova withdrew due to injury.
Trump taking harder approach towards Russia, says US former adviser
global_world
05/08/2025
Story Text: President Donald Trump is adopting a tougher approach towards Russia to secure the ceasefire he promised when he took office after becoming really aligned with Ukraine, the U.S. leader's former special representative said on Thursday.
Soccer-They'll say we're not worthy, who cares, says Postecoglou after Tottenham reach Europa League final
global_sport
05/08/2025
Story Text: Ange Postecoglou says a Europa League final between Tottenham Hotspur and Manchester United would upset a lot of people but the tough-talking Australian could not care less on Thursday after guiding his side into the May 21 showdown.
Kennedy defends new surgeon general pick from MAGA backlash
us_news
05/08/2025
Story Text: U.S. Health Secretary Robert F. Kennedy Jr. defended new surgeon general pick Casey Means on Thursday from attacks from influential far-right activist Laura Loomer, whose critiques of Trump administration officials have preceded their ouster.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
us_usreport
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
Trump to raise Hong Kong Jimmy Lai case in China trade talks
ca_news
05/08/2025
Story Text: U.S. President Donald Trump has said he would raise the case of jailed Hong Kong activist and former media tycoon Jimmy Lai nL3N3PN0L0 as part of the negotiation with China over trade and tariffs, a move that could further stoke tensions with Beijing.
UPDATE 3-Kenvue expects flat profit as $150 million tariff hit looms
us_business
05/08/2025
Story Text: Kenvue <KVUE.N> on Thursday forecast that its annual profit would be flat year-over-year as the consumer health firm anticipates a $150 million impact from President Donald Trump's trade tariffs implemented on U.S. imports thus far.
Nestle lines up Rothschild for water unit sale, sources say
uk_business
05/08/2025
Story Text: Nestle <NESN.S> has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands.
UPDATE 5-Canadian Natural reports first-quarter profit beat and record oil and gas output
ca_canada
05/08/2025
Story Text: Canadian Natural Resources Ltd <CNQ.TO>, the country's largest oil producer, reported a better-than-expected first-quarter profit and record production on Thursday, helped by stronger Canadian heavy crude prices that persist in the wake of the opening of additional pipeline export capacity last year.
CORRECTED-UK's Reeves faces pressure to hike taxes again as economy stumbles, think-tank says
uk_news
05/08/2025
Story Text: British finance minister Rachel Reeves looks set to miss her budget targets again, in part due to the economic growth hit from her tax increase on employers, raising the prospect of more tax hikes later this year, a think-tank said on Thursday.
Carlyle's profit climbs on fee growth, record assets under management
uk_business
05/08/2025
Story Text: Global investment firm Carlyle Group <CG.O> posted a 5.6% growth in first-quarter profit on Thursday, helped by higher fees as its assets under management climbed to a record.
UPDATE 3-Bank of England cuts rates in split decision before US tariff deal
us_economy
05/08/2025
Story Text: The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
Cricket-Gill and Bumrah in race to succeed Rohit as India's test captain
top_india
05/08/2025
Story Text: Top order batter Shubman Gill and pace spearhead Jasprit Bumrah are locked in a two-horse race to be India's next test captain following Rohit Sharma's exit https://www.reuters.com/sports/cricket/india-skipper-rohit-announces-retirement-tests-2025-05-07/.
Story Text: The European Parliament voted on Thursday in favour of loosening the EU's rules on filling gas storage, agreeing with concerns from member states that the targets risk inflating energy prices.
UPDATE 2-Emirates airline posts record annual profit, reflects Dubai's growth as aviation hub
middle_east_top_news
05/08/2025
Story Text: Emirates airline on Thursday reported a record full-year profit, bucking a broader global slowdown in air travel as it capitalized on Dubai's growth as a hub for major routes.
JPMorgan's $200 million Angola margin call reveals Africa's new debt pains
top_news
05/08/2025
Story Text: A $200 million margin call by JPMorgan on Angola https://www.reuters.com/markets/commodities/oil-price-drop-turns-up-heat-emerging-market-crude-exporters-2025-04-15/'s $1 billion loan at the height of the global selloff of risky assets has exposed the high costs of unorthodox financing heavily indebted African issuers have been turning to, analysts say.
India New Issue-Aditya Birla Capital accepts bids for near 5-year bonds, bankers say
top_india
05/08/2025
Story Text: India's Aditya Birla Capital <ADTB.NS> has accepted bids worth 5.945 billion rupees ($69.50 million) for bonds maturing in four years and nine months, three bankers said.
Basketball-Bird embraces global growth in new U.S. leadership role
global_sport
05/08/2025
Story Text: Five-time Olympic basketball champion Sue Bird said she would draw on experience to help the U.S. women's national team maintain their dominance amid growing talent worldwide, as she becomes their first-ever managing director.
UPDATE 4-Toyota sees 21% full-year profit decline as tariffs take a bite
south_east_asia_business_news
05/08/2025
Story Text: Toyota Motor <7203.T> expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ weigh on the world's largest automaker.
UPDATE 1-Israel's defence minister warns Yemen's Houthis of heavy retaliation
middle_east_top_news
05/08/2025
Story Text: Israel's defence minister on Thursday warned Yemen's Houthis will suffer heavy blows if they continue to fire at Israel and that its defence forces are prepared for any mission.
UPDATE 1-US regulator streamlines bank merger reviews
us_business
05/08/2025
Story Text: A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny.
UPDATE 3-Trump asks US Supreme Court to allow revocation of migrants' legal status
us_usreport
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration asked the U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ on Thursday to intervene in its bid to revoke the temporary legal status granted by his predecessor Joe Biden https://www.reuters.com/topic/person/joe-biden/ to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the United States.
UPDATE 1-Allianz open to cooperations on asset management, board member says
uk_business
05/08/2025
Story Text: The German insurer Allianz <ALVG.DE> is open to forming cooperations for its asset management business, board member Andreas Wimmer told shareholders on Thursday.
UPDATE 3-Nintendo sees Switch 2 sales of 15 million units, profit rising 13% this year
ca_business
05/08/2025
Story Text: Nintendo <7974.T> on Thursday said it expects to sell 15 million Switch 2 units and for operating profit to rise 13% to 320 billion yen ($2.22 billion) in the year ending March.
ANALYSIS-Australia's stocks shine as global money seeks US alternatives
ca_business
05/08/2025
Story Text: Foreign investors have been turning to Australia's domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.
India's Paytm, founder settle with markets regulator in ESOPs case
top_india
05/08/2025
Story Text: Indian payments firm Paytm <PAYT.NS> and its founder Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
Indian rupee options volume surges post India-Pakistan flare-up
top_india
05/08/2025
Story Text: The volumes on the Indian rupee options soared after India's strikes in Pakistan, suggesting that the currency may go through a volatile patch on the back of the heightened tensions between the two nuclear-armed neighbours.
Stablecoin bill fails to clear key hurdle in U.S. Senate
us_business
05/08/2025
Story Text: Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
ca_news
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
UPDATE 1-Taiwan April exports jump 30% ahead of U.S. tariffs, strong H1 seen
global_technology
05/08/2025
Story Text: Taiwan's exports rose more than expected in April as customers stockpiled the island's high-tech products before any U.S. tariffs https://www.reuters.com/business/tariffs/ take effect, which could drive first-half exports to a new high.
UPDATE 2-In Panama, Trump's new ambassador casts China as threat to frayed alliance
global_world
05/08/2025
Story Text: The United States' new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
US STOCKS-US stock futures climb on hopes of first trade deal since tariff pause
south_east_asia_business_news
05/08/2025
Story Text: U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.
UPDATE 2-Trump says China tariffs will come down from 145%
us_usreport
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Thursday he expects there to be substantive negotiations between the United States https://www.reuters.com/world/us/ and China https://www.reuters.com/world/china/ on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.
OPEC April oil output edges lower despite plans for hike, survey finds
rcom_energy
05/08/2025
Story Text: OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found L8N3RG0PC, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya.
Policybazaar parent PB Fintech's new India hospital venture raises $218 million
business
05/08/2025
Story Text: Policybazaar owner PB Fintech <PBFI.NS> said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India's fast-growing healthcare industry.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
global_world
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Olympics-LA28 reveals venues for Olympic opening and closing ceremonies
global_sport
05/08/2025
Story Text: Los Angeles Memorial Coliseum and SoFi Stadium in Inglewood will serve as the venues for the opening and closing ceremonies of the 2028 Olympic and Paralympic Games, LA28 announced on Thursday.
French supermarket group Auchan to cut over 700 jobs in Spain
uk_business
05/08/2025
Story Text: French privately-owned supermarket group Auchan plans to cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers who now shun large supermarkets for smaller stores and online shopping, it said on Thursday.
GRAPHIC-Global central banks diverge as tariff risks hamper US Fed
us_business
05/08/2025
Story Text: Big central banks are diverging as White House tariffs https://www.reuters.com/business/tariffs/ threaten to raise U.S. inflation and a dash out of the dollar sparks disinflationary currency strength elsewhere.
Rock group The Who to say goodbye with North America tour
global_entertainment
05/08/2025
Story Text: Legendary rock band The Who announced their final tour of North America on Thursday, saying after six decades of making music, all good things must come to end.
RPT-EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
uk_business
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
Moody's says tariffs may hit African banks through China slowdown
us_economy
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
US STOCKS SNAPSHOT-US stock indexes extend gains after Trump announces UK trade deal
us_economy
05/08/2025
Story Text: U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, his first since he paused tariffs in April.
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
south_east_asia_business_news
05/08/2025
Story Text: The Malaysian ringgit held on to losses on Thursday after the country's central bank kept interest rates steady in a widely expected move, while its regional peers declined marginally on renewed strength in the U.S. dollar.
UPDATE 1-North Korea's Kim Jong Un leads missile test, stresses nuclear force readiness, KCNA says
south_east_asia_top_news
05/08/2025
Story Text: North Korean leader Kim Jong Un supervised a test of a short-range ballistic missile and long-range artillery on Thursday and stressed the importance of combat readiness of the country's nuclear forces, state media reported on Friday.
Indian broadcaster Zee Entertainment's profit soars on subscription growth
top_india
05/08/2025
Story Text: India's Zee Entertainment <ZEE.NS> reported an 85% jump in fourth-quarter profit on Thursday, as higher subscriptions and more film releases offset weak advertising demand.
Indian tractor maker Escorts Kubota reports higher fourth-quarter profit
business
05/08/2025
Story Text: India's Escorts Kubota <ESCO.NS> reported a higher fourth-quarter profit on Thursday as strong demand for tractors helped offset a decline in construction vehicles.
EXCLUSIVE-India's top bourse seeks government intervention in IPO standoff with regulator, sources say
business
05/08/2025
Story Text: India's National Stock Exchange is asking the finance ministry to intervene in a years-long standoff with the markets regulator over its planned IPO, three sources with direct knowledge of the matter said, but the exchange has denied it's seeking government intervention.
China, HK stocks hit 1-month closing highs as Beijing's stimulus soothes trade anxiety
us_business
05/08/2025
Story Text: China and Hong Kong stocks finished Thursday at one-month closing highs, recovering ground lost since U.S. President Donald Trump announced steep tariffs in early April, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
CORRECTED-Euro zone bond yields edge higher after Fed warning, investors await BoE
uk_business
05/08/2025
Story Text: Euro zone government bond yields edged higher on Thursday after the U.S. Federal Reserve warned about the risks of higher inflation and unemployment, with investors now looking towards the Bank of England's monetary policy meeting later in the day.
Iran's foreign minister repeats call for restraint in India-Pakistan standoff
south_east_asia_top_news
05/08/2025
Story Text: Iran's Foreign Minister Abbas Araqchi called for restraint between India and Pakistan upon landing in New Delhi on Thursday, state media reported, a day after India targeted https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ what it says are “terrorist camps” in Pakistan in retaliation for a deadly attack on tourists https://www.reuters.com/world/india/one-killed-seven-injured-militant-attack-indias-kashmir-india-today-tv-says-2025-04-22/ in Kashmir last month.
Britain's digital tax on 'Big Tech' not impacted by trade deal
uk_business
05/08/2025
Story Text: Britain's digital services tax, imposed on U.S. companies like Amazon <AMZN.O>, Google <GOOGL.O> and Meta <META.O>, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said.
PIMCO sees heightened US recession risks, FT reports
us_economy
05/08/2025
Story Text: U.S. bond giant PIMCO said recession risks in the country are at their highest in years and that investors are misjudging President Donald Trump's resolve to enforce steep tariffs.
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
business_news
05/08/2025
Story Text: U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed.
UPDATE 1-Pope Leo once levied criticism at Trump and Vance. MAGA is not amused.
ca_news
05/08/2025
Story Text: Before becoming pontiff, the first U.S.-born pope was not shy about criticizing President Donald Trump and Vice President JD Vance - social media musings that pulled him into the maelstrom of divided U.S. politics on Thursday as he took on leadership of the global Catholic Church.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
ca_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
UPDATE 1-China lifts suspension on five Brazilian soy exporters ahead of Lula visit
south_east_asia_top_news
05/08/2025
Story Text: China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday.
UPDATE 2-Persil-owner Henkel takes hit from weak US consumer sentiment
us_business
05/08/2025
Story Text: Germany's Henkel <HNKG.DE> pointed to weaker consumer sentiment in North America as it reported a 1.0% fall in first-quarter sales on Thursday, below market expectations.
Mast operator Helios Towers beats quarterly estimates as operators buy more tower space
uk_business
05/08/2025
Story Text: British telecoms infrastructure group Helios Towers <HTWS.L> reported on Thursday a higher than expected number of tenancies in the first three months of this year as more mobile operators rented more towers.
CORRECTED-UPDATE 1-Air Canada first-quarter loss widens as passengers skip US travel
us_business
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 3-Shopify sees strong revenue as e-commerce business grows despite tariff gloom
global_technology
05/08/2025
Story Text: Shopify <SHOP.TO> <SHOP.O> is seeing steady growth in the number of merchants signing up on its e-commerce platform and no weakness so far in consumer demand, the Canadian company said on Thursday, easing some investor fears of a tariff-induced hit.
Rugby-New Zealand Rugby posts $11.6 million loss despite record income
global_sport
05/08/2025
Story Text: New Zealand Rugby posted a NZ$19.5 million ($11.60 million) net deficit for the 2024 financial year despite record income of NZ$285 million as the result of a 10% rise in expenditure.
Aspen closes up 8% on first day of trading after IPO
TRNI-Capital Markets
05/08/2025
Story Text: (The Insurer) - Aspen Insurance Holdings Limited’s share price closed up 8.3% on its first day of trading following its initial public offering, while American Integrity Insurance Group closed up 5.6% on its market debut.
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
south_east_asia_business_news
05/08/2025
Story Text: The Malaysian ringgit held on to losses on Thursday after the country's central bank kept interest rates steady in a widely expected move, while its regional peers declined marginally on renewed strength in the U.S. dollar.
In his first appearance, Pope Leo offers three big clues about his papacy
uk_news
05/08/2025
Story Text: From his first moments on the balcony of St. Peter's Basilica, Pope Leo XIV nL8N3RA2F9 gave three important clues about what kind of leader of the 1.4-billion-member Catholic Church he will be.
EXCLUSIVE-Kraft Heinz asks coffee suppliers for 60 days' notice for tariff hikes
ca_business
05/08/2025
Story Text: Food maker Kraft Heinz <KHC.O>, which sells top U.S. coffee brand Maxwell House, has asked its coffee suppliers for 60 days' notice before hiking prices due to U.S. President Donald Trump's tariffs, according to a document seen by Reuters.
EXCLUSIVE-Travel tech firm Navan hires banks for U.S. IPO, sources say
us_business
05/08/2025
Story Text: U.S. corporate travel and expense company Navan has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $8 billion, according to people familiar with the matter.
UPDATE 3-Romania's central bank props up leu amid surge in borrowing costs
uk_business
05/08/2025
Story Text: Romania's central bank stepped in to prop up the leu on Thursday amid a surge in borrowing costs since hard-right presidential candidate George Simion's victory in a first-round vote deepened a political crisis in central Europe's second-largest economy.
ANALYSIS-Scarred UK assets soothed by US trade pact, BoE rate cuts
uk_business
05/08/2025
Story Text: Investors are betting on long-depressed UK markets as a U.S. trade deal nL1N3RG0BS, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar.
China, HK stocks hit 1-month closing highs as Beijing's stimulus soothes trade anxiety
south_east_asia_business_news
05/08/2025
Story Text: China and Hong Kong stocks finished Thursday at one-month closing highs, recovering ground lost since U.S. President Donald Trump announced steep tariffs in early April, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
UPDATE 2-German exports, industrial production rose in March ahead of tariffs
us_economy
05/08/2025
Story Text: German exports rose more than expected in March as U.S. demand increased in anticipation of U.S. tariffs and a gain in industrial production also beat expectations, potentially pointing to an improvement in the sluggish sector.
Story Text: Democrats have asked the Wisconsin Supreme Court to invalidate the state's congressional map as illegally advantageous to Republicans, a move that if successful could help determine which party controls the U.S. House of Representatives after next year's midterm elections.
UPDATE 2-Zelenskiy says 30-day ceasefire would be 'real indicator' of movement towards peace
uk_news
05/08/2025
Story Text: Ukrainian President Volodymyr Zelenskiy said on Thursday he told U.S. President Donald Trump in a telephone call that a 30-day ceasefire was a real indicator of moving towards peace with Russia and Kyiv was ready to implement it immediately.
US judge to weigh releasing detained Tufts student on Friday
us_news
05/08/2025
Story Text: A federal judge decided on Thursday not to wait for President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration to bring a Tufts University doctoral student https://www.reuters.com/world/us/tufts-says-international-student-taken-into-us-custody-visa-revoked-2025-03-26/ being held in a Louisiana immigration detention facility back to Vermont as previously ordered before assessing whether she should be released from custody.
UPDATE 1-Abu Dhabi sovereign wealth fund Mubadala's assets jump 9% in 2024
U.S. MONEY
05/08/2025
Story Text: Mubadala Investment Company's assets under management jumped 9.1% last year to 1.2 trillion dirhams ($326.74 billion), it said on Thursday, as it stepped up investments into sectors such as technology, manufacturing, and private credit.
UPDATE 2-Israel mounts heavy airstrikes in south Lebanon
global_world
05/08/2025
Story Text: Israel launched dozens of airstrikes in south Lebanon on Thursday, in one of its heaviest bombardments of the region since a ceasefire ended last year's war with the Iran-backed Hezbollah. https://www.reuters.com/world/middle-east/what-is-hezbollah-group-backing-hamas-against-israel-2024-02-15/
UPDATE 2-Trump says China tariffs will come down from 145%
global_world
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Thursday he expects there to be substantive negotiations between the United States https://www.reuters.com/world/us/ and China https://www.reuters.com/world/china/ on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.
Starmer hails second trade win in a week after UK's tariff deal with Trump
uk_business
05/08/2025
Story Text: British Prime Minister Keir Starmer on Thursday secured a second trade pact in three days through a deal with U.S. President Donald Trump, claiming a much-needed political victory that removes a threat to some of the UK's must vulnerable industrial sectors.
Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud
trni_bankruptcy
05/08/2025
Story Text: Alex Mashinsky https://www.reuters.com/technology/who-is-alex-mashinsky-man-behind-alleged-celsius-crypto-fraud-2023-01-05/#:~:text=Jan%205%20(Reuters)%20-%20Alex,a%20modern-day%20Robin%20Hood, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty https://www.reuters.com/technology/celsius-founder-alex-mashinsky-intends-plead-guilty-two-fraud-counts-2024-12-03/ in December to securities fraud and commodities fraud.
Campari posts revenues below analysts expectations, down 4%
uk_business
05/08/2025
Story Text: Italian spirits group Campari <CPRI.MI> posted on Thursday a 4% organic decline in net sales in the first quarter, below analysts' expectations. Adjusted operating profit plunged by 17% organically in the same period.
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
ca_news
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away https://www.reuters.com/business/bill-gates-give-away-fortune-by-2045-200bn-worlds-poorest-2025-05-08/ some $200 billion to the world's poorest people in the next two decades.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
south_east_asia_top_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
ca_business
05/08/2025
Story Text: The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) <CLc1> widened on Thursday.
Story Text: Sabadell <SABE.MC> raised on Thursday its payout target for 2024 and 2025, as the Spanish bank tries to fend off a hostile takeover by its larger rival BBVA <BBVA.MC>, with quarterly profits surpassing forecasts despite pressure on lending income.
UPDATE 2-Soccer-Tottenham ease past Bodo/Glimt to reach Europa League final
global_sport
05/08/2025
Story Text: Tottenham Hotspur avoided any mishaps in the Arctic Circle by easing into the Europa League final with a composed 2-0 win at Norway's Bodo/Glimt for a 5-1 aggregate victory on Thursday.
Ukraine to host foreign ministers to endorse 'special tribunal' for Russian leadership
uk_news
05/08/2025
Story Text: Ukraine will host a group of foreign ministers in Lviv on Friday to endorse the establishment of a special tribunal to prosecute the leadership of Russia, Belarus and North Korea for the crime of aggression against Ukraine https://www.reuters.com/world/ukraine-russia-war/, a senior Kyiv official said.
Wolfspeed sees 2026 revenue below estimates; shares slump
ca_business
05/08/2025
Story Text: Chipmaker Wolfspeed <WOLF.N> forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.
PREVIEW-Soccer-Inter must switch focus to title race after Champions League thriller
global_sport
05/08/2025
Story Text: Inter Milan came through a dramatic Champions League semi-final https://www.reuters.com/sports/soccer/frattesi-extra-time-winner-takes-inter-past-barca-into-champions-league-final-2025-05-06/ but need to put the euphoria quickly behind them as they bid to haul in leaders Napoli and retain the Serie A title.
CORRECTED-UPDATE 1-InterContinental Hotels reiterates annual profit estimates, defying industry trend
us_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group (IHG) <IHG.L> said on Thursday it is on track to meet the full-year consensus profit estimate, defying industry peers' forecast warnings over waning economic and consumer sentiment in the U.S.
Story Text: The Ugandan shilling <UGX=> was stable against the dollar on Thursday, with hard currency demand subdued across both merchandise importers and interbank players, traders said.
Monster Beverage posts surprise fall in quarterly net sales on choppy demand
us_business
05/08/2025
Story Text: Monster Beverage <MNST.O> reported a surprise fall in first-quarter revenue on Thursday, signaling consumers in the U.S. pared back spending on pricey energy drinks amid economic uncertainty.
UPDATE 1-China carmaker Geely shares rise nearly 7% after Zeekr unit offer
uk_business
05/08/2025
Story Text: Shares of Chinese automaker Geely Automobile <0175.HK> jumped nearly 7% on Thursday after it offered nL4N3RF0VR to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States.
Euro zone bonds yields nudge higher, gilts spike on BoE cut
uk_domestic
05/08/2025
Story Text: Euro zone government bond yields nudged higher on Thursday, but held largely steady after the Bank of England cut rates and suggested it needed to adjust policy gradually.
UPDATE 1-Flows to EM portfolios at a standstill after Trump tariffs, IIF says
us_economy
05/08/2025
Story Text: The Trump administration's announcement of an increase in tariffs https://www.reuters.com/business/tariffs/ to the highest levels in a century early last month triggered a repricing of assets globally that reset portfolio flows to emerging markets, according to a banking trade group.
Portugal police arrest crime ring over fraudulent permits for 10,000 foreigners
global_world
05/08/2025
Story Text: Portuguese police have arrested 13 people they believe provided an estimated more than 10,000 foreigners with residence permits and documents allowing them to stay in Portugal and the European Union in exchange for bribes, police said on Thursday.
AIB proceeds with buyback to cut government stake after shares rally
uk_business
05/08/2025
Story Text: AIB <AIBG.I> agreed on Thursday to proceed with a direct share buyback with the Irish state as its share price rose back above the agreed buyback price, allowing it to cut the government's stake in the bank to 3.3% from just under 12%.
China, HK stocks hover near 1-month highs as Beijing's stimulus soothes trade anxiety
us_economy
05/08/2025
Story Text: China and Hong Kong stocks flirted with one-month highs on Thursday, recovering ground lost since U.S. President Donald Trump's Liberation Day tariffs last month, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
UPDATE 2-UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald, Bloomberg News reports
TRNI-Capital Markets
05/08/2025
Story Text: Swiss lender UBS <UBSG.S> is in talks to sell its hedge fund unit, O'Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter.
EU countries want red tape cut in energy laws, draft shows
rcom_energy
05/08/2025
Story Text: European Union countries want to include energy policies in the bloc's efforts to slash red tape for struggling industries, according to draft conclusions for a summit of EU energy ministers next month seen by Reuters.
UPDATE 2-Former Memphis officers acquitted in beating death of Black motorist Tyre Nichols
us_news
05/08/2025
Story Text: A jury in a Tennessee state court on Wednesday acquitted three former Memphis police officers of second-degree murder and all other charges in the 2023 beating death of Black motorist Tyre Nichols.
British equities rise on UK-US trade deal optimism; eyes on BOE rate decision
us_economy
05/08/2025
Story Text: Britain's main indexes climbed on Thursday, with news that U.S. President Donald Trump would announce a trade deal with Britain boosting investor sentiment, just ahead of the Bank of England's expected rate cut.
UPDATE 2-Persil-owner Henkel takes hit from weak US consumer sentiment
uk_business
05/08/2025
Story Text: Germany's Henkel <HNKG.DE> pointed to weaker consumer sentiment in North America as it reported a 1.0% fall in first-quarter sales on Thursday, below market expectations.
Guinea aims to pull EGA's licence over alumina refinery row, sources say
top_news
05/08/2025
Story Text: The Guinean government's move to revoke Emirates Global Aluminium's (EGA) mining license stemmed from the company's failure to fulfil its commitment to construct an alumina refinery, people familiar with the matter have told Reuters.
EXCLUSIVE-BYD aims to sell half its cars outside China by 2030, sources say
south_east_asia_business_news
05/08/2025
Story Text: BYD, China's No. 1 automaker <002594.SZ>, aims to sell half of its vehicles outside the Chinese market by 2030, a massive increase that would make it a rival to the world's largest automakers, according to four people familiar with the matter.
Israel's plan to evacuate Gaza would be illegal forceful displacement, Norway and Iceland say
us_news
05/08/2025
Story Text: Israel's plans to evacuate Palestinians from Gaza would amount to illegal forceful displacement, would lead to more violence and would undermine efforts to create a Palestinian state, the foreign ministers of Norway and Iceland said on Thursday.
CORRECTED-US energy companies seek exemption from Trump plan to move LNG on US-built ships
us_business
05/08/2025
Story Text: U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports.
Zurich reveals additional $100 million top layer on group cat reinsurance program
uk_business
05/08/2025
Story Text: (The Insurer) - Zurich has purchased an additional $100 million top layer on its group catastrophe reinsurance protection, as well as purchasing global aggregate protection for lower layers in April, group chief financial officer Claudia Cordioli said on Thursday.
Russia and China mark victory in WW2 as Ukraine war grinds on
global_world
05/08/2025
Story Text: Russia marks the 80th anniversary of the Soviet Union's victory over Nazi Germany in World War Two on Friday with a military parade attended by China's Xi Jinping https://www.reuters.com/world/europe/putin-greets-chinas-xi-kremlin-2025-05-08/ that Moscow fears Ukraine will try to disrupt after three years of devastating war.
Rugby-England's Itoje named British and Irish Lions captain
global_sport
05/08/2025
Story Text: England's Maro Itoje will captain the British and Irish Lions on their tour of Australia after being appointed by head coach Andy Farrell on Thursday.
Greek lender Eurobank posts 9.4% rise in first-quarter profit
uk_business
05/08/2025
Story Text: Greek lender Eurobank <EURBr.AT> reported a 9.4% increase in first-quarter profit on Thursday, driven by higher net fee and commission income.
Japan's Nikkei ends higher; NTT Data surges on takeover report
us_economy
05/08/2025
Story Text: Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data surged following a takeover report.
Argentine cardinal hopes Pope Francis' vision lives on
ca_news
05/08/2025
Story Text: Argentine cardinal Angel Rossi, one of the 133 now gathered at the Vatican to elect a new pope https://www.reuters.com/world/europe/cardinals-set-second-day-conclave-elect-new-pope-2025-05-08/, told Reuters before the conclave that he hoped the next leader of the global Catholic Church - whoever he is - will maintain intact the vision of Pope Francis, a fellow Jesuit and his former teacher.
UPDATE 4-ConocoPhillips warns weak prices may trigger output cuts in oil industry
rcom_energy
05/08/2025
Story Text: ConocoPhillips <COP.N> beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 1-Ransomware group Lockbit appears to have been hacked, analysts say
uk_news
05/08/2025
Story Text: The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.
Fitch says Gabon averted default, regional bond swap not distressed exchange
top_news
05/08/2025
Story Text: Gabon's recent swap of regional market bonds and bills did not amount to a distressed debt exchange, which means the country avoided a default, rating company Fitch said on Thursday.
UPDATE 1-China lifts suspension on five Brazilian soy exporters ahead of Lula visit
us_business
05/08/2025
Story Text: China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday.
Trade war set to slash China's steel exports, aggravating oversupply at home
south_east_asia_business_news
05/08/2025
Story Text: China's steel exports are set to slump in the second quarter, threatening to exacerbate a supply glut at home, analysts and traders said, as the trade war and a wave of protectionism moving in its wake crimps export markets.
EU clears final hurdle for softer car CO2 emission targets
global_environment
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
EXCLUSIVE-DOGE-led software revamp to speed US job cuts even as Musk steps back
us_business
05/08/2025
Story Text: The federal human resources agency at the heart of billionaire Elon Musk https://www.reuters.com/business/elon-musk/'s efforts to slash the federal workforce https://www.reuters.com/world/us/100-days-doge-lots-chaos-not-so-much-efficiency-2025-04-24/ is poised to roll out software to speed layoffs across the U.S. government, two people familiar with the matter told Reuters.
UPDATE 4-Pound, UK stocks take some heart from US/UK trade deal
uk_domestic
05/08/2025
Story Text: The pound edged up on Thursday while British stocks struggled to find a foothold after U.S. President Donald Trump and UK Prime Minister Keir Starmer unveiled an eagerly awaited trade deal nL1N3RG0BS.
CORRECTED-UPDATE 1-Tennis-Osaka inspired by Agassi as she embraces claycourt grind
north_american_sports
05/08/2025
Story Text: Four-times Grand Slam champion Naomi Osaka said this year's claycourt swing feels different as she enters it with momentum and confidence following a run of victories.
Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push
south_east_asia_business_news
05/08/2025
Story Text: Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds.
Trump's plan to fix air traffic control faces huge hurdles
ca_news
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
UPDATE 1-Paris wheat revisits contract lows, Black Sea rain helps crops in rivals
uk_business
05/08/2025
Story Text: European wheat prices fell on Thursday, revisiting contract lows, as rain forecast for Black Sea crops raised prospects of more export competition, while dealers awaited planned U.S.-China trade talks.
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
us_business
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
UK-India trade pact to be signed after three months, India official says
top_india
05/08/2025
Story Text: A bilateral trade deal between India and the United Kingdom could be signed after three months and will take over a year to implement, an Indian government official said on Thursday.
IMF says Nigeria repays $3.4 billion COVID-19 funding
business_news
05/08/2025
Story Text: Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
ca_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
In his first appearance, Pope Leo offers three big clues about his papacy
global_world
05/08/2025
Story Text: From his first moments on the balcony of St. Peter's Basilica, Pope Leo XIV nL8N3RA2F9 gave three important clues about what kind of leader of the 1.4-billion-member Catholic Church he will be.
News Corp beats quarterly estimates on Dow Jones, digital real estate services segments growth
ca_business
05/08/2025
Story Text: News Corp <NWSA.O> beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.
UPDATE 1-StanChart says its trade business resilient to Trump tariff disruption
uk_business
05/08/2025
Story Text: Standard Chartered <STAN.L> on Thursday sought to reassure investors that its business can cope with disruption to global trade after pressure on the trade-focused bank's share price following U.S. President Donald Trump's tariffs announcements.
EXCLUSIVE-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
TRNI-Capital Markets
05/08/2025
Story Text: Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects.
INDIA BONDS-India bond yields up sharply as escalation in India-Pakistan conflict spooks traders
business
05/08/2025
Story Text: Indian government bond yields jumped on Thursday amid panic selling, and broke past a key technical level as escalating tensions with Pakistan rattled investor sentiment and prompted traders to offload holdings across the curve.
RPT-ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
us_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
Euro zone bond yields edge higher after Fed inflation warning, await BoE
us_economy
05/08/2025
Story Text: Euro zone government bond yields edged higher on Thursday after the U.S. Federal Reserve warned about the risks of higher inflation and unemployment, with investors now looking towards the Bank of England's monetary policy meeting later in the day.
Moody's says tariffs may hit African banks through China slowdown
top_news
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
UPDATE 2-Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
global_technology
05/08/2025
Story Text: The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's <GOOGL.O> Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.
CORRECTED-Euro zone bond yields edge higher after Fed warning, investors await BoE
us_economy
05/08/2025
Story Text: Euro zone government bond yields edged higher on Thursday after the U.S. Federal Reserve warned about the risks of higher inflation and unemployment, with investors now looking towards the Bank of England's monetary policy meeting later in the day.
UPDATE 1-Indian rupee, shares, bonds drop on signs of escalation in India-Pakistan conflict
business
05/08/2025
Story Text: The Indian rupee, equities and bonds dropped on Thursday, pressured by risk aversion after India said it pushed back Pakistani retaliation overnight.
Nigeria to issue two green bonds to fund eco-friendly projects
top_news
05/08/2025
Story Text: Nigeria plans to launch its third and fourth sovereign green bond issuance by the end of May and in October, aiming to raise 300 billion naira ($187 million) for environmental projects, a cabinet minister said on Thursday.
Story Text: The United States and Britain announced a deal to lower tariffs https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
Russian and Chinese firms in active talks on Power of Siberia 2 gas pipeline, TASS reports
rcom_energy
05/08/2025
Story Text: Russia and China are at an active stage of talks on a proposed new gas pipeline, the Power of Siberia-2, carrying Russian gas via Mongolia to China, but are unlikely to sign a contract in the next couple of days, Energy Minister Sergei Tsivilev said, according to Russia state news agency TASS.
UPDATE 3-Rugby-Itoje 'honoured and humbled' to be named British and Irish Lions captain
global_sport
05/08/2025
Story Text: England's Maro Itoje said he was deeply honoured and humbled after being appointed captain of the British and Irish Lions on Thursday for the tour of Australia.
UPDATE 1-Cricket-BCCI moves IPL match from Dharamsala but says foreign players are 'comfortable'
top_india
05/08/2025
Story Text: An Indian Premier League match in Dharamsala has been shifted to Ahmedabad but the IPL's foreign players are happy to play on despite the ongoing India-Pakistan conflict, the secretary of the Indian cricket board (BCCI) told Reuters on Thursday.
India's Biocon posts higher quarterly profit on boost from generics, biosimilar business
business
05/08/2025
Story Text: Indian biopharma firm Biocon's <BION.NS> profit more than doubled in the fourth quarter, led by strong demand for its generics and biosimilar drugs in its key U.S. and European markets.
UPDATE 2-Campari's results miss expectations, uncertainty about tariffs weighed
us_business
05/08/2025
Story Text: Italian spirits group Campari <CPRI.MI>, posted a decline in revenue and adjusted operating profit in the first quarter, well below analysts expectations, partly due to the uncertainty about U.S. tariffs in an already struggling sector.
EMERGING MARKETS-Brazilian real jump following bumper rate hike; Romanian markets keep falling
ca_business
05/08/2025
Story Text: Brazil's currency jumped on Thursday, following an interest rate hike by its central bank, while Romanian assets continued their downward spiral after right-wing eurosceptic George Simion won the first round nL1N3RF0AQof presidential elections there.
Greece's travel sector surpasses 18 billion euros surplus in 2024 as inbound travellers surge
uk_business
05/08/2025
Story Text: The Greek travel services sector saw a surplus of 18.79 billion euros ($21.24 billion) in 2024, a 3.4% increase from the previous year, according to final data from the Bank of Greece released on Thursday.
UPDATE 3-Apollo-backed Aspen Insurance valued at $3 billion as shares jump in NYSE debut
TRNI-Capital Markets
05/08/2025
Story Text: Aspen Insurance <AHL.N> secured a valuation of $3.05 billion after its shares jumped 10.8% on Thursday in their New York Stock Exchange debut, as the IPO market returns to action after tariff-driven volatility paused activity.
Story Text: Lyft <LYFT.O> increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling steady demand for its ride-hailing services, sending its shares up nearly 8% in extended trading.
European shares rise as Trumps signals 'major' trade deal
us_business
05/08/2025
Story Text: European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment.
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
global_world
05/08/2025
Story Text: Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.
EMERGING MARKETS-Malaysia's ringgit leads Asian FX losses ahead of BNM rate decision
us_economy
05/08/2025
Story Text: The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank's expected rate pause, while the greenback stabilised after the U.S. Federal Reserve maintained its benchmark interest rate.
Wirecard fugitive discussed weapons, diamonds with Russian spy ring leader
uk_news
05/08/2025
Story Text: Wirecard fugitive Jan Marsalek nL5N3PE083 and the leader of a British-based Russian spy ring discussed sourcing drones for Russia's war in Ukraine, trading blood diamonds and providing mercenaries in Africa, according to messages shown to a London court.
EMERGING MARKETS-Malaysia's ringgit leads Asian FX losses ahead of BNM rate decision
south_east_asia_business_news
05/08/2025
Story Text: The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank's expected rate pause, while the greenback stabilised after the U.S. Federal Reserve maintained its benchmark interest rate.
UPDATE 1-Merz, Trump agree on need to resolve trade disputes, Germany says
uk_news
05/08/2025
Story Text: Germany's new chancellor, Friedrich Merz, and U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ agreed on the need to quickly resolve trade disputes in their first phone call since Merz took office earlier this week, a German government spokesperson said.
COP30 Brazilian presidency calls for new global climate governance
sustainable_business
05/08/2025
Story Text: The Brazilian presidency of COP30, this year's climate summit, called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter it released on Thursday.
UPDATE 1-Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
us_business
05/08/2025
Story Text: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's <APP.O> mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday.
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
us_economy
05/08/2025
Story Text: The Malaysian ringgit held on to losses on Thursday after the country's central bank kept interest rates steady in a widely expected move, while its regional peers declined marginally on renewed strength in the U.S. dollar.
Apple asks US appeals court to pause ruling in Epic Games case
trni_appellate
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
UPDATE 2-Wind energy firm EDPR sees core recurring profit rising 13% in 2025
rcom_energy
05/08/2025
Story Text: EDP Renovaveis <EDPR.LS>, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net income in the first quarter.
Story Text: The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate.
UPDATE 1-Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
south_east_asia_business_news
05/08/2025
Story Text: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's <APP.O> mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
TRNI-Civil Rights
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
Trump to raise Hong Kong Jimmy Lai case in China trade talks
global_world
05/08/2025
Story Text: U.S. President Donald Trump has said he would raise the case of jailed Hong Kong activist and former media tycoon Jimmy Lai nL3N3PN0L0 as part of the negotiation with China over trade and tariffs, a move that could further stoke tensions with Beijing.
Italy's BPER posts 43.2% rise in first quarter net profit
uk_business
05/08/2025
Story Text: Italy's BPER Banca <EMII.MI> posted a 43.2% rise in first-quarter net profit on Thursday, driven by fee and trading income that more than countered a decline in net interest margin.
Italy's Brembo sees 2025 core profit margin above 16%, revenues in line
uk_business
05/08/2025
Story Text: Italian brake maker Brembo <BRBI.MI> on Thursday forecast a core profit (EBITDA) margin above 16% and confirms revenues in line with the previous year, assuming a more stable political landscape in the second half of the year and including the consolidation of Öhlins nL1N3LN05Z.
UPDATE 3-Molson Coors cuts forecasts as beer demand hurt by tariff-led recession worries
uk_business
05/08/2025
Story Text: Molson Coors <TAP.N> cut its annual forecasts for sales and profit on Thursday, in anticipation of a hit to demand for its Coors and Miller beer brands as consumers cut back discretionary spending due to tariff-led recession worries.
UPDATE 1-Thailand to shortlist central bank chief candidates by July 2, official says
south_east_asia_top_news
05/08/2025
Story Text: A Thai selection committee plans to shortlist candidates to be the next central bank chief by July 2, an official said on Thursday, ahead of the end of incumbent Governor Sethaput Suthiwartnarueput https://www.reuters.com/markets/asia/thailands-economy-may-underperform-weak-consumption-warns-central-bank-chief-2025-01-30/'s five-year term in September.
UPDATE 1-Merz assures Zelenskiy his government can be relied upon for support
global_world
05/08/2025
Story Text: Germany's new Chancellor Friedrich Merz assured Ukrainian President Volodymyr Zelenskiy that his government could be relied upon for continued support against Russia's invasion https://www.reuters.com/world/us/donald-trump/, in a telephone call on Thursday, a government spokesperson said.
UPDATE 1-Peru's central bank cuts benchmark interest rate in surprise move
us_economy
05/08/2025
Story Text: Peru's central bank cut its benchmark interest rate 25 basis points on Thursday, bringing it to 4.50% in a move that defied expectations after annual inflation ticked up last month.
Merz assures Zelenskiy his government can be relied upon for support
global_world
05/08/2025
Story Text: Germany's new Chancellor Friedrich Merz assured Ukrainian President Volodymyr Zelenskiy that his government could be relied upon for continued support against Russia's invasion, in a telephone call on Thursday, a government spokesperson said.
UPDATE 4-Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children
global_world
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of killing the world's poorest children through huge cuts to the U.S. foreign aid budget.
EXPLAINER-Why does Saudi Arabia want a civil nuclear deal with the US?
rcom_energy
05/08/2025
Story Text: Saudi Arabia and the United States are discussing a deal to cooperate on the kingdom's ambitions to develop a civil nuclear industry, talks that have long been complicated by regional politics and concerns over weapons proliferation.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
business
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
us_business
05/08/2025
Story Text: Citigroup <C.N> must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday.
UPDATE 5-'Friends of steel': Xi and Putin pledge to stand together against US
south_east_asia_top_news
05/08/2025
Story Text: Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be friends of steel , as they pledged to raise cooperation to a new level and decisively counter the influence of the United States.
UPDATE 2-Zelenskiy says 30-day ceasefire would be 'real indicator' of movement towards peace
global_world
05/08/2025
Story Text: Ukrainian President Volodymyr Zelenskiy said on Thursday he told U.S. President Donald Trump in a telephone call that a 30-day ceasefire was a real indicator of moving towards peace with Russia and Kyiv was ready to implement it immediately.
UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald, Bloomberg News reports
uk_business
05/08/2025
Story Text: Swiss bank UBS Group <UBSG.S> is in talks to sell its hedge fund unit, O'Connor, to Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter.
QUOTES-Bank of England policymakers speak after rate cut
uk_business
05/08/2025
Story Text: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
TRNI-Capital Markets
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
UPDATE 1-North Korea's Kim Jong Un leads missile test, stresses nuclear force readiness, KCNA says
us_news
05/08/2025
Story Text: North Korean leader Kim Jong Un supervised a test of a short-range ballistic missile and long-range artillery on Thursday and stressed the importance of combat readiness of the country's nuclear forces, state media reported on Friday.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
top_india
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
UPDATE 1-Bosch says US tariffs' impact is unpredictable, sees flat 2025 organic sales
us_business
05/08/2025
Story Text: German automotive supplier Robert Bosch [ROBG.UL] said on Thursday it would not be able to estimate the impact of tariffs on its business until late in the year, and predicted 2025 sales to grow by a currency-adjusted 1% to 3%.
UPDATE 1-Mexican repatriations from US ramped up in recent weeks, president says
us_usreport
05/08/2025
Story Text: Mexican President Claudia Sheinbaum on Thursday said that repatriations of Mexican citizens from the United States had increased in recent weeks, mostly via flights, as the U.S. government ramps up deportations of migrants across the region.
UPDATE 2-Merck Animal Health announces $895 million investment in Kansas
ca_business
05/08/2025
Story Text: Merck Animal Health, a unit of Merck <MRK.N>, said on Thursday it would invest $895 million to expand its manufacturing facility in De Soto, Kansas.
UPDATE 5-DBS cautious about 2025 after Q1 profit beats expectations
south_east_asia_business_news
05/08/2025
Story Text: Singapore lender DBS Group <DBSM.SI> flagged risk from heightened uncertainty and softer non-interest income growth for 2025 after posting on Thursday a 2% drop in first-quarter net profit that beat expectations.
UPDATE 1-Swisscom's first-quarter revenue up 40% after Vodafone Italia acquisition
uk_business
05/08/2025
Story Text: Swisscom <SCMN.S> reported a 39.3% rise in its first-quarter revenue on Thursday, meeting market expectations, citing the successful acquisition of Vodafone Italia.
UPDATE 3-Molson Coors cuts forecasts as beer demand hurt by tariff-led recession worries
ca_business
05/08/2025
Story Text: Molson Coors <TAP.N> cut its annual forecasts for sales and profit on Thursday, in anticipation of a hit to demand for its Coors and Miller beer brands as consumers cut back discretionary spending due to tariff-led recession worries.
QUOTES-Bank of England policymakers speak after rate cut
uk_domestic
05/08/2025
Story Text: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 1-Canadian financial system stable, but trade war poses big risks, says central bank
ca_canada
05/08/2025
Story Text: A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
rcom_energy
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
US natgas prices edge up to 4-week high on higher demand ahead of storage report
rcom_energy
05/08/2025
Story Text: U.S. natural gas futures edged up about 1% to a four-week high on Thursday on a drop in output in recent weeks and forecasts for more demand over the next two weeks than previously expected due in part to a rise in gas flows to liquefied natural gas (LNG) export plants.
Story Text: (The Insurer) - Zurich has reported a 5% year-on-year increase in P&C gross written premiums in the first quarter of 2025 to $13.3 billion, the company said on Thursday.
MIDEAST STOCKS-Gulf bourses end mixed on earnings, focus on US-China talks
business_news
05/08/2025
Story Text: Stock markets in the Gulf ended mixed on Thursday on corporate earnings announcements, while investors awaited the outcome of U.S.-China trade talks this weekend.
News Corp beats quarterly estimates on Dow Jones, digital real estate services segments growth
us_business
05/08/2025
Story Text: News Corp <NWSA.O> beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
us_economy
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
India New Issue-Jio Credit to issue near 3-year bonds, bankers say
business
05/08/2025
Story Text: India's Jio Credit plans to raise 10 billion rupees ($118.2 million), including a greenshoe option of 5 billion rupees, through a sale of bonds maturing in 2 years and 10 months, three bankers said on Thursday.
UPDATE 2-Apollo's Aspen Insurance raises $397.5 million in US IPO
TRNI-Capital Markets
05/08/2025
Story Text: Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer.
Story Text: The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
RPT-ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
south_east_asia_top_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
US STOCKS-Wall Street rallies as first trade deal reached
ca_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Kennedy defends new surgeon general pick from MAGA backlash
ca_news
05/08/2025
Story Text: U.S. Health Secretary Robert F. Kennedy Jr. defended new surgeon general pick Casey Means on Thursday from attacks from influential far-right activist Laura Loomer, whose critiques of Trump administration officials have preceded their ouster.
UPDATE 3-Brewer AB InBev's profit surges ahead of forecasts, shares rise
us_business
05/08/2025
Story Text: Anheuser-Busch InBev <ABI.BR> reported a 7.9% rise in first-quarter operating profit on Thursday, more than double the increase expected by analysts, as the world's biggest brewer boosted its profit margin despite a fall in sales volumes.
US STOCKS-Wall St edges up as imminent US-Britain trade deal stokes optimism
uk_business
05/08/2025
Story Text: Wall Street inched higher on Thursday as investors awaited the announcement of a trade deal between the United States and Britain, which is set to be the first such agreement the U.S. signs after President Donald Trump paused tariffs last month.
UPDATE 4-Maersk warns global container volumes could drop due to trade war
uk_business
05/08/2025
Story Text: Shipping group Maersk <MAERSKb.CO> said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world's top economies, and warned a protracted dispute could shrink global volumes this year.
Carlyle's profit climbs on fee growth, record assets under management
us_business
05/08/2025
Story Text: Global investment firm Carlyle Group <CG.O> posted a 5.6% growth in first-quarter profit on Thursday, helped by higher fees as its assets under management climbed to a record.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
south_east_asia_top_news
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
RPT-India's appeal for investors dimmed but not derailed by conflict with Pakistan
business
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
UPDATE 1-Canadian financial system stable, but trade war poses big risks, says central bank
ca_business
05/08/2025
Story Text: A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.
Air Canada first-quarter loss widens as passengers skip US travel
ca_canada
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
UPDATE 5-Japan's NTT plans to take NTT Data private for $16.4 billion
south_east_asia_business_news
05/08/2025
Story Text: Japanese telecoms firm Nippon Telegraph and Telephone <9432.T> announced plans on Thursday to take its subsidiary NTT Data <9613.T> private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion).
Belgian minister says partners could pool risk to keep Russian assets frozen
uk_business
05/08/2025
Story Text: Western governments should make legal commitments to pool the risk of keeping Russian central bank assets frozen if European Union sanctions are no longer in place, Belgian Foreign Minister Maxime Prevot told Reuters on Thursday.
UPDATE 1-Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
global_world
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
China resumes Brazilian soy imports from 5 suspended firms ahead of Lula visit, source says
south_east_asia_business_news
05/08/2025
Story Text: China, the world's largest soybean buyer, has resumed Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, according to a source familiar with the matter and Chinese customs data.
Central banks in Europe keep easing on the agenda even as Fed stays firmly on hold
uk_business
05/08/2025
Story Text: Europe's central banks stood in stark contrast to their U.S. counterpart on Thursday, cutting interest rates or hinting at policy easing to come, even as the Federal Reserve kept a steady hand overnight and left investors guessing about its next move.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
global_world
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
us_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
uk_news
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV and becoming the first U.S. pontiff.
South Korean presidential frontrunner says US risks isolation with tariffs
global_world
05/08/2025
Story Text: South Korea's presidential frontrunner said Seoul should not rush a trade deal with the United States and called for a coordinated response with other countries to U.S. tariffs, arguing that Washington risked isolation with its policy.
UPDATE 2-Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
south_east_asia_top_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established group of Southeast Asian and Arab nations that Beijing hopes to rally against U.S. tariffs https://www.reuters.com/business/tariffs/, two sources told Reuters.
Taiwan president marks World War Two anniversary, warning indulging aggressors only whets appetite for expansion
south_east_asia_top_news
05/08/2025
Story Text: Taiwan and Europe face the same threat from authoritarianism, President Lai Ching-te said on Thursday, marking 80 years since the end of World War Two in Europe and warning that indulging aggressors only whets their appetite for expansion.
UPDATE 1-FBI probes New York AG James over mortgage fraud allegations, media reports
us_usreport
05/08/2025
Story Text: The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump https://www.reuters.com/world/us/donald-trump/ has publicly targeted because she pursued legal action against him, several U.S. media outlets reported on Thursday.
UK's Renishaw narrows 2025 forecast, adds surcharge due to US tariffs
uk_business
05/08/2025
Story Text: British engineering firm Renishaw <RSW.L> narrowed its full-year sales and profit outlook on Thursday, and said it will introduce a surcharge to pass on the additional costs brought on by U.S. tariffs https://www.reuters.com/site-search/?query=tariffs.
Chipmaker SMIC reports 161% surge in first quarter profit
global_technology
05/08/2025
Story Text: Semiconductor Manufacturing International Corp <0981.HK>，China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit.
UPDATE 3-US wants to spend billions to revamp aging air-traffic control system
us_usreport
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy unveiled a plan on Thursday to ask Congress for billions of dollars to modernize the aging U.S. air traffic control system to address airport congestion, flight delays and safety.
FOREX-Sterling rises with Aussie as Trump moots 'major' trade deal
uk_business
05/08/2025
Story Text: The pound jumped on Thursday, taking the Australian dollar with it, after U.S. President Donald Trump said he would announce a major trade deal later in the day, with the New York Times reporting nL1N3RG01P it would be Britain.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Intact underwriting income up 6% even as Q1 cat losses rise 2.5 points
ca_business
05/08/2025
Story Text: (The Insurer) - Intact Financial Corporation ended the first quarter of 2025 with underwriting income ticking up 6% to C$485 million ($348 million) as its combined ratio deteriorated 10 basis points to 91.3%.
UPDATE 1-Mexican repatriations from US ramped up in recent weeks, president says
global_world
05/08/2025
Story Text: Mexican President Claudia Sheinbaum on Thursday said that repatriations of Mexican citizens from the United States had increased in recent weeks, mostly via flights, as the U.S. government ramps up deportations of migrants across the region.
UPDATE 1-Trump says he hopes India and Pakistan stop now after going 'tit-for-tat'
global_world
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Wednesday Washington's partner India and U.S. ally Pakistan have gone tit-for-tat, and that he hoped the two nuclear-armed Asian neighbors https://www.reuters.com/world/india-strikes-pakistan-with-missiles-pakistan-says-it-will-retaliate-2025-05-06/ could stop further escalations https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/.
UPDATE 1-Deutsche Bank to seek more ambitious return on tangible equity
uk_business
05/08/2025
Story Text: Deutsche Bank <DBKGn.DE> Chief Executive Christian Sewing said on Thursday that the lender will seek a more ambitious target for a key profit metric in the years ahead.
UPDATE 2-Norwegian utility Statkraft halts new green hydrogen developments
sustainable_business
05/08/2025
Story Text: Norway's biggest utility, state-owned Statkraft on Thursday said it has stopped developing new green hydrogen projects citing higher costs and uncertain demand, while reporting a drop in first quarter earnings amid lower power prices.
Europe Distillates-Diesel refinery profit margins inch up as ARA stocks fall
rcom_energy
05/08/2025
Story Text: European diesel refining margins edged up by 21 cents on Thursday, as ARA stocks dropped slightly, according to Dutch consultancy Insights Global.
Villagers evacuated from line of fire along India's border with Pakistan
global_world
05/08/2025
Story Text: Kalia Devi was among hundreds of fearful civilians evacuated before dawn from the line of fire along India's northwestern border with Pakistan as clashes between the two nuclear-armed arch-rivals intensified. L1N3RG03O
JP Morgan creates new green banking leadership role
global_environment
05/08/2025
Story Text: JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.
Optis Partners reports 15% dip in Q1 insurance agency M&A deals in US and Canada
ca_business
05/08/2025
Story Text: (The Insurer) - Optis Partners has released data showing that there were 141 announced insurance agency M&A deals in the first quarter of 2025, down 15% from the 166 in the same period of 2024.
UPDATE 3-US imposes Iran-related sanctions on third China 'teapot' refinery, port terminal
south_east_asia_business_news
05/08/2025
Story Text: U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ administration on Thursday imposed sanctions on a third Chinese independent, or teapot oil refinery and port terminal operators in China https://www.reuters.com/world/china/ for purchases of Iranian oil ahead of an expected fourth round of U.S.-Iran nuclear talks https://www.reuters.com/world/middle-east/iran-says-its-stance-toward-nuclear-talks-with-us-remains-constant-2025-05-05/.
Story Text: Packaging firm Mondi <MNDI.L> reported a sequential increase in first-quarter profit on Thursday, as cost cuts and fewer maintenance shutdowns helped offset the industry-wide subdued demand, and said the direct impact of tariffs was limited.
BOJ divided over how US policies impact rate hike timing at March meeting, minutes show
us_economy
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
US and Britain expected to announce tariff deal on Thursday
uk_news
05/08/2025
Story Text: The United States and Britain are expected to announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump https://www.reuters.com/business/tariffs/ imposed levies on countries around the world.
PIMCO sees heightened US recession risks, FT reports
us_business
05/08/2025
Story Text: U.S. bond giant PIMCO said recession risks in the country are at their highest in years and that investors are misjudging President Donald Trump's resolve to enforce steep tariffs.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
south_east_asia_top_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
UPDATE 1-US FDA centers to deploy AI internally, following experimental run
global_technology
05/08/2025
Story Text: The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific reviewers.
CORRECTED-UPDATE 1-Air Canada first-quarter loss widens as passengers skip US travel
ca_news
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
Shortsellers target companies offering nice-to-haves in April, Hazeltree data shows
uk_business
05/08/2025
Story Text: Speculators in April bet stock prices would fall at companies where people spend their extra cash, believing that creeping recession risks might spook consumers, said a research report from Hazeltree on Thursday.
Expedia misses quarterly revenue estimates amid weak US travel demand; shares down
ca_business
05/08/2025
Story Text: Online travel platform Expedia <EXPE.O> missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending.
UPDATE 2-Hamas says it is engaged in 'fierce fighting' in Gaza's Rafah
global_world
05/08/2025
Story Text: Hamas militants were engaged in fierce fighting with Israeli soldiers on Thursday in the south of the Gaza Strip near Rafah, the Palestinian militant group said.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 2-Merck Animal Health announces $895 million investment in Kansas
us_business
05/08/2025
Story Text: Merck Animal Health, a unit of Merck <MRK.N>, said on Thursday it would invest $895 million to expand its manufacturing facility in De Soto, Kansas.
Story Text: To access a PDF version of this newsletter, please click here https://share.lseg.com/assets/newsletters/Morning_News_Call/MNCGeneric_CA_05082025.pdf
Infrastructure firm Stonepeak opens office in Saudi Arabia
middle_east_top_news
05/08/2025
Story Text: Independent infrastructure firm Stonepeak said on Thursday it had opened an office in Saudi Arabia, joining more companies setting up base in the Gulf country as the Kingdom invests billions of dollars to diversify its economy away from oil.
UPDATE 1-India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
us_business
05/08/2025
Story Text: The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.
Grocery chain OK Zimbabwe's majority shareholders back $30 million rights issue, CEO says
business_news
05/08/2025
Story Text: Grocery retailer OK Zimbabwe Ltd's <OKZ.ZI> majority shareholders have agreed to back a $30 million rights issue to cover a funding gap and stabilise the company's financial position, its chief executive said.
UPDATE 1-US says it is probing foreign donations at University of Pennsylvania
us_usreport
05/08/2025
Story Text: The U.S. Department of Education said on Thursday it opened an investigation into foreign donations at the University of Pennsylvania, alleging the Ivy League school made inaccurate and untimely foreign financial disclosures in the past.
UPDATE 1-Detroit Three automakers blast Trump UK trade deal
ca_business
05/08/2025
Story Text: A group representing General Motors <GM.N>, Ford <F.N> and Stellantis <STLAM.MI> blasted President Donald Trump's trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector.
FTX lawsuit against Tom Brady, Stephen Curry, Shohei Ohtani, others is narrowed
TRNI-Class Actions & Multi-District Litigations
05/08/2025
Story Text: A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX.
Wolfspeed sees 2026 revenue below estimates; shares slump
global_technology
05/08/2025
Story Text: Chipmaker Wolfspeed <WOLF.N> forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.
Polish construction company Budimex's first-quarter net profit falls 4%
uk_business
05/08/2025
Story Text: Poland's biggest construction and engineering company Budimex <BDXP.WA> reported a 4% drop in first-quarter net profit to 114.3 million zlotys ($30.3 million) on Thursday, hit by weather conditions that impacted sales of construction and assembly services in central and eastern Europe.
QUOTES-Bank of England policymakers speak after rate cut
us_economy
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 3-Norway holds policy rate steady at 4.5%, eyes cut by year-end
uk_business
05/08/2025
Story Text: Norway's central bank kept interest rates on hold at a 17-year high of 4.50% on Thursday, as unanimously predicted nL8N3R91PO by analysts, reflecting a resurgence of inflation that has prevented policy-makers from cutting borrowing costs.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
uk_news
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
UPDATE 2-Kongsberg's orders and profit soar on defence systems demand
uk_business
05/08/2025
Story Text: Norway's Kongsberg <KOG.OL> said on Thursday its order intake and profits soared in the first quarter, driven by demand for missiles and air defence systems at a time when European nations are stepping up their defence spending.
UPDATE 4-Maersk warns global container volumes could drop due to trade war
us_business
05/08/2025
Story Text: Shipping group Maersk <MAERSKb.CO> said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world's top economies, and warned a protracted dispute could shrink global volumes this year.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
global_world
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
Thailand to open applications for central bank governor next week, official says
south_east_asia_business_news
05/08/2025
Story Text: The committee that will select Thailand's new central bank head will open applications for the role next week, an official said on Thursday, ahead of the end of current Governor Sethaput Suthiwartnarueput https://www.reuters.com/markets/asia/thailands-economy-may-underperform-weak-consumption-warns-central-bank-chief-2025-01-30/'s five-year term in September.
Thailand to open applications for central bank governor next week, official says
south_east_asia_top_news
05/08/2025
Story Text: The committee that will select Thailand's new central bank head will open applications for the role next week, an official said on Thursday, ahead of the end of current Governor Sethaput Suthiwartnarueput https://www.reuters.com/markets/asia/thailands-economy-may-underperform-weak-consumption-warns-central-bank-chief-2025-01-30/'s five-year term in September.
CORRECTED-UPDATE 1-Air Canada first-quarter loss widens as passengers skip US travel
ca_canada
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
Story Text: Canada's main stock index edged higher in choppy trading on Thursday on news that the U.S. was on the verge of signing a trade agreement nL1N3RG0BS with Britain, while investors assessed mixed corporate results.
Morocco to invest $760 mln in disaster response stockpiling
top_news
05/08/2025
Story Text: Morocco plans to spend 7 billion dirhams ($760 million) on storage platforms across the country to stockpile necessities in immediate response to potential disasters, state media said.
QUOTES-Bank of England policymakers speak after rate cut
uk_news
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Japan's Nikkei rises; NTT Data set to surge on takeover report
us_economy
05/08/2025
Story Text: Japan's Nikkei share average edged up on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data was set for a 17% jump following a takeover report.
Rural India's consumer demand outpaces urban areas for fifth straight quarter, NielsenIQ says
business
05/08/2025
Story Text: India's consumer goods sector reported an 11% growth in value in the March quarter, as rural growth outpaced that in urban areas for the fifth straight quarter, market research firm NielsenIQ said on Thursday.
Story Text: Italian payments group Nexi <NEXII.MI> beat first-quarter core profit expectations on Thursday, boosted by its main merchant solutions business and cost control, and confirmed its financial guidance for the year.
Trump order against law firm Susman Godfrey faces court test
ca_news
05/08/2025
Story Text: U.S. law firm Susman Godfrey will ask a judge in Washington on Thursday to permanently bar President Donald Trump's executive order against it, calling the measure an act of retaliation that trampled its rights under the U.S. Constitution.
Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture
us_business
05/08/2025
Story Text: Republican hopes of making all of President Donald Trump https://www.reuters.com/world/us/donald-trump/'s 2017 tax cuts permanent are in jeopardy in Congress, as lawmakers struggle to agree on how to pay for them and Trump's trade war and immigration crackdown dim the prospect of economic growth.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
us_business
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
Brewers confident of growth despite tariffs threat to sales
uk_business
05/08/2025
Story Text: European beer makers remain confident about their growth potential despite U.S. tariffs https://www.reuters.com/business/tariffs/ posing some threat to sales and investors see the companies as a relatively safe haven in an intensifying global trade war.
UPDATE 5-'Friends of steel': Xi and Putin pledge to stand together against US
uk_news
05/08/2025
Story Text: Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be friends of steel , as they pledged to raise cooperation to a new level and decisively counter the influence of the United States.
SNAPSHOT-The latest developments in the India-Pakistan conflict
global_world
05/08/2025
Story Text: India struck https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ multiple locations in Pakistan this week after a deadly April 22 attack targeting Hindu tourists in Indian Kashmir https://www.reuters.com/world/india/kashmir-disputed-region-focus-after-deadly-militant-attack-2025-04-23/ that New Delhi blames https://www.reuters.com/world/asia-pacific/what-curbs-have-india-pakistan-imposed-each-other-after-kashmir-attack-2025-05-06/ on its Muslim neighbour.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
global_environment
05/08/2025
Story Text: Coal India <COAL.NS> will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
Story Text: (The Insurer) - The London market has often been at the forefront of covering risks too complex or unusual for standard insurance products. In recent years, these have included some parametric policies.
EXPLAINER-Why does Saudi Arabia want a civil nuclear deal with the US?
middle_east_top_news
05/08/2025
Story Text: Saudi Arabia and the United States are discussing a deal to cooperate on the kingdom's ambitions to develop a civil nuclear industry, talks that have long been complicated by regional politics and concerns over weapons proliferation.
EXCLUSIVE-Kraft Heinz asks coffee suppliers for 60 days' notice for tariff hikes
us_business
05/08/2025
Story Text: Food maker Kraft Heinz <KHC.O>, which sells top U.S. coffee brand Maxwell House, has asked its coffee suppliers for 60 days' notice before hiking prices due to U.S. President Donald Trump's tariffs, according to a document seen by Reuters.
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
us_economy
05/08/2025
Story Text: The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
UPDATE 1-Cause of Heathrow shutdown fire still unknown, initial report says
uk_news
05/08/2025
Story Text: The cause of the fire at an electricity substation that forced Britain's Heathrow Airport https://www.reuters.com/business/aerospace-defense/heathrow-boss-criticised-over-resilience-lawmakers-probe-shutdown-2025-04-02/ to shut down for almost a day remains unknown, the National Energy System Operator said in an interim report on Thursday.
UPDATE 1-AI leaders to urge senators to speed power supply permitting, boost government data access
global_technology
05/08/2025
Story Text: Microsoft <MSFT.O> and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters.
UPDATE 4-Pound, UK stocks take some heart from US/UK trade deal
uk_business
05/08/2025
Story Text: The pound edged up on Thursday while British stocks struggled to find a foothold after U.S. President Donald Trump and UK Prime Minister Keir Starmer unveiled an eagerly awaited trade deal nL1N3RG0BS.
Guinea aims to pull EGA's licence over alumina refinery row, sources say
business_news
05/08/2025
Story Text: The Guinean government's move to revoke Emirates Global Aluminium's (EGA) mining license stemmed from the company's failure to fulfil its commitment to construct an alumina refinery, people familiar with the matter have told Reuters.
UPDATE 1-Apple asks US appeals court to pause ruling in Epic Games case
trni_antitrust
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
UPDATE 4-Toyota sees 21% full-year profit decline as tariffs take a bite
ca_business
05/08/2025
Story Text: Toyota Motor <7203.T> expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ weigh on the world's largest automaker.
Belgian chemicals group Solvay cuts 2025 core profit forecast
uk_business
05/08/2025
Story Text: Belgian chemicals group Solvay <SOLB.BR> lowered its 2025 adjusted core profit forecast on Thursday, citing unfavourable market conditions and currency exchange rates.
UPDATE 2-British equities mixed as markets mull US-UK trade deal
uk_business
05/08/2025
Story Text: British blue-chips closed lower on Thursday, while midcaps clocked gains as investors weighed up a trade deal between the United States and Britain, the latest in a saga of global trade developments.
Story Text: The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate.
UPDATE 4-Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children
ca_news
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of killing the world's poorest children through huge cuts to the U.S. foreign aid budget.
QUOTES-Bank of England policymakers speak after rate cut
uk_news
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 3-Trump urged US House Speaker Johnson to raise top tax rate, sources say
us_economy
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors, two people familiar with the conversation said on Thursday.
Taiwan president marks World War Two anniversary, warning indulging aggressors only whets appetite for expansion
us_news
05/08/2025
Story Text: Taiwan and Europe face the same threat from authoritarianism, President Lai Ching-te said on Thursday, marking 80 years since the end of World War Two in Europe and warning that indulging aggressors only whets their appetite for expansion.
Policybazaar parent PB Fintech's new India hospital venture raises $218 million
top_india
05/08/2025
Story Text: Policybazaar owner PB Fintech <PBFI.NS> said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India's fast-growing healthcare industry.
UPDATE 2-King Charles calls for global peace as UK marks 80th anniversary of VE Day
uk_domestic
05/08/2025
Story Text: Britain's King Charles said on Thursday the world had a duty to commit to seeking lasting peace and preventing warfare in a speech to mark the end of four days https://www.reuters.com/world/europe/king-charles-royals-mark-victory-europe-day-with-military-parade-2025-05-05/ of commemorations for the 80th anniversary of Victory in Europe Day.
Trump to raise Hong Kong Jimmy Lai case in China trade talks
us_news
05/08/2025
Story Text: U.S. President Donald Trump has said he would raise the case of jailed Hong Kong activist and former media tycoon Jimmy Lai nL3N3PN0L0 as part of the negotiation with China over trade and tariffs, a move that could further stoke tensions with Beijing.
EXCLUSIVE-BYD aims to sell half its cars outside China by 2030, sources say
ca_business
05/08/2025
Story Text: BYD, China's No. 1 automaker <002594.SZ>, aims to sell half of its vehicles outside the Chinese market by 2030, a massive increase that would make it a rival to the world's largest automakers, according to four people familiar with the matter.
UPDATE 1-India's Paytm, founder settle with markets regulator in stock options case
top_india
05/08/2025
Story Text: Indian payments firm Paytm <PAYT.NS> and its founder and CEO Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
UPDATE 1-India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
business
05/08/2025
Story Text: The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.
Story Text: India's Pidilite Industries <PIDI.NS> on Thursday reported fourth-quarter profit below estimates, dragged by a rise in input costs for its adhesives and sealants and sluggish demand from the construction industry.
UPDATE 3-Trump urged US House Speaker Johnson to raise top tax rate, sources say
us_usreport
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors, two people familiar with the conversation said on Thursday.
Red Cross appeals to governments to act now to end Gaza 'horror'
global_world
05/08/2025
Story Text: Governments must act now to stop the horrors in Gaza, the director-general of the Red Cross said on Thursday, adding that the suffering there was reaching a point where it questions the very foundations of our humanity .
UPDATE 1-Abu Dhabi sovereign wealth fund Mubadala's assets jump 9% in 2024
middle_east_top_news
05/08/2025
Story Text: Mubadala Investment Company's assets under management jumped 9.1% last year to 1.2 trillion dirhams ($326.74 billion), it said on Thursday, as it stepped up investments into sectors such as technology, manufacturing, and private credit.
EXCLUSIVE-Ukraine considers shift from dollar to euro amid geopolitical realignments
uk_business
05/08/2025
Story Text: Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters.
Basketball-Clark eyes leadership role after blockbuster rookie campaign
north_american_sports
05/08/2025
Story Text: Caitlin Clark wants to take on a bigger leadership role in her second season as she looks to build on her stellar rookie campaign with a handful of reliable new veterans added to her Indiana Fever team.
UPDATE 2-Emirates airline posts record annual profit, reflects Dubai's growth as aviation hub
us_business
05/08/2025
Story Text: Emirates airline on Thursday reported a record full-year profit, bucking a broader global slowdown in air travel as it capitalized on Dubai's growth as a hub for major routes.
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
us_business
05/08/2025
Story Text: U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed.
EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
uk_business
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
UPDATE 1-US CPC sees 74% chance of ENSO Neutral conditions through June-August
global_environment
05/08/2025
Story Text: El Nino-Southern Oscillation (ENSO) neutral conditions are expected to be favored through the Northern Hemisphere in summer 2025 (74% chance during June-August), the United States' Climate Prediction Center said on Thursday.
QUOTES-Bank of England policymakers speak after rate cut
uk_domestic
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
us_news
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
UPDATE 1-AI leaders to urge senators to speed power supply permitting, boost government data access
ca_business
05/08/2025
Story Text: Microsoft <MSFT.O> and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters.
UPDATE 4-North Korea fires short-range missiles possibly in performance test for export
global_world
05/08/2025
Story Text: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea's military said on Thursday, possibly to test the performance and stability of various projectiles intended for export.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
south_east_asia_business_news
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
middle_east_top_news
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
Pound little changed as US trade deal touted, BoE rate cut eyed
uk_domestic
05/08/2025
Story Text: The British pound was steady on Thursday after a report said that U.S. President Donald Trump was set to announce a trade deal nL1N3RG01P between the U.S. and Britain, with the market's focus turning to an expected rate cut from the Bank of England later in the day.
Asian banks see big boost to wealth business as currencies rally
south_east_asia_business_news
05/08/2025
Story Text: A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say.
UPDATE 2-Judge grills Trump administration over order against law firm Susman Godfrey
us_usreport
05/08/2025
Story Text: U.S. law firm Susman Godfrey asked a judge in Washington on Thursday to permanently bar President Donald Trump's https://www.reuters.com/world/us/donald-trump/ executive order against it, calling the measure an act of retaliation that trampled its rights under the U.S. Constitution.
RPT-India's appeal for investors dimmed but not derailed by conflict with Pakistan
top_india
05/08/2025
Story Text: The latest conflict https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ between India and Pakistan may impact New Delhi's efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil - but not much, investors and analysts said on Wednesday, as tensions ratcheted up https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ between the nuclear-armed neighbours.
UPDATE 3-Norwegian Air cuts capacity forecast due to delayed Boeing deliveries, shares drop
uk_business
05/08/2025
Story Text: Budget airline Norwegian Air <NAS.OL> reported a smaller-than-expected operating loss for the first quarter but cut its annual capacity guidance, sending its shares around 7% lower on Thursday.
UPDATE 2-Norwegian utility Statkraft halts new green hydrogen developments
rcom_energy
05/08/2025
Story Text: Norway's biggest utility, state-owned Statkraft on Thursday said it has stopped developing new green hydrogen projects citing higher costs and uncertain demand, while reporting a drop in first quarter earnings amid lower power prices.
Proxy advisor opposes Holcim chairman's $58 million compensation package
TRNI-Corporate Counsel
05/08/2025
Story Text: Proxy advisor Ethos has called on Holcim shareholders <HOLN.S> to reject the company's remuneration proposals, saying Chairman Jan Jenisch's estimated 48 million Swiss franc ($58 million) compensation realised in 2024 would make him the highest-paid manager among Swiss blue-chip companies.
UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway
uk_news
05/08/2025
Story Text: Britain will sanction up to 100 oil tankers from Russia's so-called shadow fleet https://www.reuters.com/world/europe/western-nations-agree-disrupt-deter-russia-shadow-fleet-estonia-says-2024-12-16/, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday.
FACTBOX-Airlines suspend flights to Israel after Houthi attack on airport
uk_news
05/08/2025
Story Text: Some global airlines have again halted their flights to and from Tel Aviv after a missile fired nL1N3RC01F by Yemen's Houthi rebels towards Israel on Sunday landed near the country's main international airport.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
ca_business
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
UPDATE 2-Trump says China tariffs will come down from 145%
us_news
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Thursday he expects there to be substantive negotiations between the United States https://www.reuters.com/world/us/ and China https://www.reuters.com/world/china/ on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.
BOJ divided over how US policies impact rate hike timing at March meeting, minutes show
us_business
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 1-US says solution for Gaza aid is 'steps away' as aid groups raise alarm
uk_news
05/08/2025
Story Text: The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was steps away and an announcement was coming shortly, as the aid community expressed skepticism that the plan would bring relief to the enclave's conflict-ravaged population.
Story Text: India's Larsen and Toubro (L&T) <LART.NS> reported fourth-quarter profit above analysts' estimates on Thursday, and said its order growth quickened.
UPDATE 1-FBI probes New York AG James over mortgage fraud allegations, media reports
us_news
05/08/2025
Story Text: The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump https://www.reuters.com/world/us/donald-trump/ has publicly targeted because she pursued legal action against him, several U.S. media outlets reported on Thursday.
US STOCKS-Wall Street rallies as first trade deal domino falls
south_east_asia_business_news
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement forged between the United States and Britain, while U.S. President Donald Trump indicated upcoming talks with China would be more substantial than initially thought.
FOREX-Sterling strengthens after BoE rate decision
uk_business
05/08/2025
Story Text: The pound strengthened nL8N3RG190 on Thursday after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%, with an unexpected three-way split among policymakers, including two who voted to keep rates unchanged.
Story Text: British telecoms infrastructure group Helios Towers <HTWS.L> reported on Thursday a higher than expected number of tenancies in the first three months of this year as mobile operators rented more towers for their cellular networks.
UPDATE 3-Australia exchange operator proposes IPO reforms to revive listings
us_business
05/08/2025
Story Text: The Australian Securities Exchange (ASX) <ASX.AX> on Thursday unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia's capital markets and revitalising its subdued initial public offering landscape.
India New Issue-Aditya Birla Capital accepts bids for near 5-year bonds, bankers say
business
05/08/2025
Story Text: India's Aditya Birla Capital <ADTB.NS> has accepted bids worth 5.945 billion rupees ($69.50 million) for bonds maturing in four years and nine months, three bankers said.
Soccer-PSG loss left Arsenal players in tears, Arteta says
global_sport
05/08/2025
Story Text: Arsenal players were left in tears after Wednesday's 2-1 semi-final loss at Paris St Germain https://www.reuters.com/sports/soccer/psg-see-off-arsenal-earn-second-shot-champions-league-title-2025-05-07/ knocked them out of the Champions League, manager Mikel Arteta said in a post-match press conference.
US and Britain expected to announce tariff deal on Thursday
global_world
05/08/2025
Story Text: The United States and Britain are expected to announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump https://www.reuters.com/business/tariffs/ imposed levies on countries around the world.
Greek police arrest far-right group accused of robberies, assaults
global_world
05/08/2025
Story Text: Greek police said on Thursday they had dismantled a far-right criminal group linked to robberies, assaults and violence with a racist motive in the northern city of Thessaloniki.
UPDATE 1-EU clears final hurdle for softer car CO2 emission targets
uk_news
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
Jefferies banker George Maddison to retire, sources say
uk_business
05/08/2025
Story Text: The chairman of Jefferies' European investment banking Financial Institutions Group, George Maddison, is retiring from his role, according to two sources with knowledge of the situation.
European shares rise as Trumps signals 'major' trade deal
uk_business
05/08/2025
Story Text: European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment.
UPDATE 2-Brazil April beef exports to the US soar despite new tariffs, beef lobby says
us_business
05/08/2025
Story Text: Brazilian meat exporters sold some 48,000 metric tons of beef into the United States https://www.reuters.com/world/us/ last month despite enforcement of a new 10% tariff by Washington, Roberto Perosa, head of Brazilian beef lobby Abiec, said on Thursday.
UPDATE 1-US commerce chief says dozens of trade deals to be rolled out over next month
us_news
05/08/2025
Story Text: Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday
India's stainless steel body to file anti-dumping petition in few weeks, Jindal Stainless says
south_east_asia_business_news
05/08/2025
Story Text: India's Jindal Stainless <JIST.NS> said on Thursday a domestic trade body will soon seek anti-dumping duties on stainless steel imports from China and Vietnam, weeks after India levied https://www.reuters.com/world/india/india-imposes-12-temporary-tariff-some-steel-imports-2025-04-21/ a 12% temporary safeguard duty on some steel imports to support local mills.
MIDEAST STOCKS-Gulf bourses end mixed on earnings, focus on US-China talks
middle_east_top_news
05/08/2025
Story Text: Stock markets in the Gulf ended mixed on Thursday on corporate earnings announcements, while investors awaited the outcome of U.S.-China trade talks this weekend.
Israel's plan to evacuate Gaza would be illegal forceful displacement, Norway and Iceland say
global_world
05/08/2025
Story Text: Israel's plans to evacuate Palestinians from Gaza would amount to illegal forceful displacement, would lead to more violence and would undermine efforts to create a Palestinian state, the foreign ministers of Norway and Iceland said on Thursday.
RPT-US tariffs, Europe slowdown reshape global solar panels trade
us_business
05/08/2025
Story Text: Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.
UPDATE 4-Swedish central bank holds key rate, sees chance of cut ahead
us_economy
05/08/2025
Story Text: Sweden's central bank kept its key rate unchanged at 2.25% as expected on Thursday amid widespread uncertainty about how global trade tensions will affect the economy and inflation, but opened the door to rate cuts ahead.
Central banks in Europe keep easing on the agenda even as Fed stays firmly on hold
ca_business
05/08/2025
Story Text: Europe's central banks stood in stark contrast to their U.S. counterpart on Thursday, cutting interest rates or hinting at policy easing to come, even as the Federal Reserve kept a steady hand overnight and left investors guessing about its next move.
UPDATE 1-Flows to EM portfolios at a standstill after Trump tariffs, IIF says
south_east_asia_business_news
05/08/2025
Story Text: The Trump administration's announcement of an increase in tariffs https://www.reuters.com/business/tariffs/ to the highest levels in a century early last month triggered a repricing of assets globally that reset portfolio flows to emerging markets, according to a banking trade group.
Soccer-Beckham and Neville lead new consortium in Salford takeover
global_sport
05/08/2025
Story Text: Salford City have been acquired by a new ownership group led by former England internationals David Beckham and Gary Neville, who were already investors in the club, the League Two (fourth-tier) side said on Thursday.
Ukraine, allies discuss ways to pressure Russia into 30-day ceasefire
us_news
05/08/2025
Story Text: Ukraine has discussed ways to pressure Russia into agreeing to a 30-day ceasefire https://www.reuters.com/world/what-is-us-ukraine-proposed-30-day-ceasefire-deal-about-2025-03-12/ with U.S., French, British and German senior officials, President Volodymyr Zelenskiy's top aide said on Thursday, part of a flurry of diplomacy to try to end the war.
Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture
us_news
05/08/2025
Story Text: Republican hopes of making all of President Donald Trump https://www.reuters.com/world/us/donald-trump/'s 2017 tax cuts permanent are in jeopardy in Congress, as lawmakers struggle to agree on how to pay for them and Trump's trade war and immigration crackdown dim the prospect of economic growth.
Guinea aims to pull EGA's licence over alumina refinery row, sources say
rcom_energy
05/08/2025
Story Text: The Guinean government's move to revoke Emirates Global Aluminium's (EGA) mining license stemmed from the company's failure to fulfil its commitment to construct an alumina refinery, people familiar with the matter have told Reuters.
Stablecoin bill fails to clear key hurdle in U.S. Senate
TRNI-Capital Markets
05/08/2025
Story Text: Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
TRNI-Corporate Counsel
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
UPDATE 1-AI leaders to urge senators to speed power supply permitting, boost government data access
TRNI-Data Privacy
05/08/2025
Story Text: Microsoft <MSFT.O> and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters.
Abu Dhabi wealth fund Mubadala's assets under management rise 9% in 2024
U.S. MONEY
05/08/2025
Story Text: Abu Dhabi sovereign wealth fund Mubadala's assets under management rose 9.1% last year to 1.2 trillion dirhams ($326.74 billion), it said on Thursday.
EXCLUSIVE-Forensic review found India's IndusInd Bank executives traded shares before accounting disclosure, document shows
top_india
05/08/2025
Story Text: A forensic review by audit and advisory firm Grant Thornton found two executives of India's IndusInd Bank traded in its shares while they were aware of accounting lapses at the bank but before those were made public, a document reviewed by Reuters showed.
Shortsellers target companies offering nice-to-haves in April, Hazeltree data shows
us_economy
05/08/2025
Story Text: Speculators in April bet stock prices would fall at companies where people spend their extra cash, believing that creeping recession risks might spook consumers, said a research report from Hazeltree on Thursday.
Story Text: Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0215 GMT.
Euro zone bonds yields nudge higher, trade deals, cen banks in focus
uk_business
05/08/2025
Story Text: Euro zone government bond yields rose on Thursday, as investors digested a raft of developments including a trade deal between the U.S. and Britain and a Bank of England rate cut.
Australia, NZ dollars bounce on hopes for progress in US tariff stalemate
us_business
05/08/2025
Story Text: The Australian and New Zealand dollars bounced on Thursday, as hopes for progress in U.S. trade talks globally helped offset a more hawkish outlook on U.S. interest rates that lifted the greenback overnight.
QUOTES-Bank of England policymakers speak after rate cut
uk_business
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 1-Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
ca_business
05/08/2025
Story Text: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's <APP.O> mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday.
CORRECTED-UPDATE 1-InterContinental Hotels reiterates annual profit estimates, defying industry trend
uk_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group (IHG) <IHG.L> said on Thursday it is on track to meet the full-year consensus profit estimate, defying industry peers' forecast warnings over waning economic and consumer sentiment in the U.S.
INDIA RUPEE-India-Pakistan conflict pushes rupee to worst day in over two years
business
05/08/2025
Story Text: The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country's bonds and equities.
Soccer-PSG victory over Arsenal triggers night of disorder in Paris
global_sport
05/08/2025
Story Text: Some 47 people were arrested in Paris and three others were injured after being struck by a car late on Wednesday, said French police, after Paris St Germain's victory over Arsenal which secured their place in the Champions League final.
India's IndiGo to lease two Boeing 787 jets from Norse Atlantic Airways
top_india
05/08/2025
Story Text: India's top airline IndiGo <INGL.NS> said on Thursday it has agreed on a damp lease for two Boeing 787-9 Dreamliner widebody jets from Norse Atlantic Airways <NORSE.OL>, with operations starting early next year, as part of its efforts to tap into long-haul routes.
UPDATE 1-Brazil pulp maker Suzano posts core earnings miss in first quarter
uk_business
05/08/2025
Story Text: Suzano <SUZB3.SA>, one of the largest pulp makers in the world, on Thursday posted first quarter core earnings that were below market expectations, although they were higher when compared to a year earlier.
UPDATE 3-Singapore's OCBC maintains 2025 guidance despite challenging outlook
south_east_asia_business_news
05/08/2025
Story Text: Oversea-Chinese Banking Corp (OCBC) <OCBC.SI>, Singapore's second largest bank, maintained 2025 guidance and set aside credit allowances, citing a challenging economic outlook after posting on Friday a 5% drop in first-quarter net profit that beat expectations.
Aspen’s upsized IPO raises $397.5 million, American Integrity also set for market debut
us_business
05/08/2025
Story Text: (The Insurer) - Bermudian (re)insurer Aspen Insurance Holdings and Florida carrier American Integrity Insurance Group are both set to begin trading on the New York Stock Exchange on Thursday in initial public offerings that are raising $397.5 million and $110 million respectively.
EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
rcom_energy
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
ANALYSIS-Scarred UK assets soothed by US trade pact, BoE rate cuts
uk_news
05/08/2025
Story Text: Investors are betting on long-depressed UK markets as a U.S. trade deal nL1N3RG0BS, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
south_east_asia_business_news
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
UPDATE 2-Pinterest's revenue forecast gets boost from AI ad tools, growing marketing spend
global_technology
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading.
Toyota sees 21% full-year profit decline for fiscal 2025
us_business
05/08/2025
Story Text: Toyota Motor <7203.T> forecast a 21% profit decline for the current financial year on Thursday, as the strain from U.S. President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ and an appreciating yen take some of the shine off strong hybrid demand.
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
middle_east_top_news
05/08/2025
Story Text: Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.
China resumes Brazilian soy imports from 5 suspended firms ahead of Lula visit, source says
us_business
05/08/2025
Story Text: China, the world's largest soybean buyer, has resumed Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, according to a source familiar with the matter and Chinese customs data.
Air Canada first-quarter loss widens as passengers skip US travel
ca_business
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
UPDATE 2-European stocks rise after Trump strikes tariff deal with UK
uk_business
05/08/2025
Story Text: European shares ended higher on Thursday after U.S. President Donald Trump announced nL1N3RG0BS a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
business_news
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
UPDATE 1-Italy's Leonardo posts 12.2% jump in first-quarter EBITA
uk_business
05/08/2025
Story Text: Italy's Leonardo <LDOF.MI> reported a 12.2% jump in first-quarter earnings before interest, tax and amortisation (EBITA) to 211 million euros ($238.58 million) on Thursday, boosted by volume growth and increased profitability compared with the same period last year.
FACTBOX-Major cases involving Trump before the US Supreme Court
global_world
05/08/2025
Story Text: The U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ has acted in a series of cases involving challenges to executive orders signed by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and actions by his administration since he returned to office in January. Cases at the court have involved deportations, protected status for certain migrants, Trump's transgender military ban, his move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials, cuts to teacher training grants, payments to foreign aid organizations and access to Social Security data.
Story Text: China's yuan slipped against the dollar on Thursday after the central bank guided the currency much lower through its official fix following a recent surge.
India's IndiGo to lease two Boeing 787 jets from Norse Atlantic Airways
business
05/08/2025
Story Text: India's top airline IndiGo <INGL.NS> said on Thursday it has agreed on a damp lease for two Boeing 787-9 Dreamliner widebody jets from Norse Atlantic Airways <NORSE.OL>, with operations starting early next year, as part of its efforts to tap into long-haul routes.
ANALYSIS-Australia's stocks shine as global money seeks US alternatives
south_east_asia_business_news
05/08/2025
Story Text: Foreign investors have been turning to Australia's domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.
European shares rise as Trumps signals 'major' trade deal
us_economy
05/08/2025
Story Text: European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment.
Russia promises to invest $1 billion in ally Cuba by 2030
uk_news
05/08/2025
Story Text: Russia said its businesses would invest more than $1 billion in long-time political ally Cuba by 2030, Cuba's presidency said on Thursday, promising a lifeline for the communist-run Caribbean island amid a gruelling economic crisis.
UPDATE 3-Trump urged US House Speaker Johnson to raise top tax rate, sources say
us_news
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors, two people familiar with the conversation said on Thursday.
UPDATE 1-BOJ split over how US policies impact rate hikes, March minutes show
us_economy
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
US STOCKS-Wall Street gains as first trade deal reached
ca_business
05/08/2025
Story Text: U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Canada's Shopify sees second-quarter revenue above market estimates
ca_business
05/08/2025
Story Text: Shopify <SHOP.TO> <SHOP.O> forecast second-quarter revenue above Wall Street estimates on Thursday, signaling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses.
FACTBOX-Major cases involving Trump before the US Supreme Court
TRNI-Civil Rights
05/08/2025
Story Text: The U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ has acted in a series of cases involving challenges to executive orders signed by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and actions by his administration since he returned to office in January. Cases at the court have involved deportations, protected status for certain migrants, Trump's transgender military ban, his move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials, cuts to teacher training grants, payments to foreign aid organizations and access to Social Security data.
Japan's Nikkei rises; NTT Data set to surge on takeover report
uk_business
05/08/2025
Story Text: Japan's Nikkei share average edged up on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data was set for a 17% jump following a takeover report.
UPDATE 2-Auto parts group Dowlais adjusts revenue and margin forecasts
us_business
05/08/2025
Story Text: British auto parts supplier Dowlais <DWL.L> said on Thursday it expects full-year adjusted revenue and operating margin in 2025 to be towards the lower end of its forecast, citing continued market volatility.
UPDATE 1-US says it is probing foreign donations at University of Pennsylvania
us_news
05/08/2025
Story Text: The U.S. Department of Education said on Thursday it opened an investigation into foreign donations at the University of Pennsylvania, alleging the Ivy League school made inaccurate and untimely foreign financial disclosures in the past.
Story Text: (The Insurer) - Market participants reacted positively to the news of Patrick Tiernan's appointment as CEO of Lloyd's on Thursday, with the Lloyd's Market Association (LMA) calling for the Corporation's new leadership to maintain ruthless discipline on underwriting.
Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
sustainable_business
05/08/2025
Story Text: Citigroup <C.N> must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday.
REFILE-UPDATE 2-Recruiter Adecco beats earnings forecast as hiring improves
us_business
05/08/2025
Story Text: Adecco <ADEN.S> beat analysts' forecasts despite lower first quarter revenue, lifting its shares as the staffing company said there had been a modest improvement in hiring.
Story Text: Canada's main stock index edged higher in choppy trading on Thursday on news that the U.S. was on the verge of signing a trade agreement nL1N3RG0BS with Britain, while investors assessed mixed corporate results.
Euro zone bonds yields nudge higher, gilts spike on BoE cut
uk_business
05/08/2025
Story Text: Euro zone government bond yields nudged higher on Thursday, but held largely steady after the Bank of England cut rates and suggested it needed to adjust policy gradually.
UPDATE 3-Trump asks US Supreme Court to allow revocation of migrants' legal status
us_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration asked the U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ on Thursday to intervene in its bid to revoke the temporary legal status granted by his predecessor Joe Biden https://www.reuters.com/topic/person/joe-biden/ to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the United States.
UPDATE 2-Poland's May rate cut does not mean beginning of cycle, c.bank governor says
us_economy
05/08/2025
Story Text: The fact that Poland's Monetary Policy Council (MPC) cut interest rates in May does not mean the beginning of a cycle of monetary policy easing, central bank Governor Adam Glapinski said on Thursday.
Chipmaker SMIC reports 161% surge in first quarter profit
us_business
05/08/2025
Story Text: Semiconductor Manufacturing International Corp <0981.HK>，China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit.
EU countries want red tape cut in energy laws, draft shows
global_environment
05/08/2025
Story Text: European Union countries want to include energy policies in the bloc's efforts to slash red tape for struggling industries, according to draft conclusions for a summit of EU energy ministers next month seen by Reuters.
Foreign workers a key driver of euro zone growth, say ECB economists
us_economy
05/08/2025
Story Text: Foreign workers accounted for much of the euro zone's economic growth since the pandemic and could help the bloc overcome the economic constraints of an ageing and shrinking labour market, a European Central Bank study concluded on Thursday.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Indian rupee options volume surges post India-Pakistan flare-up
business
05/08/2025
Story Text: The volumes on the Indian rupee options soared after India's strikes in Pakistan, suggesting that the currency may go through a volatile patch on the back of the heightened tensions between the two nuclear-armed neighbours.
Rheinmetall reports unprecedented growth on European arms build-up
uk_business
05/08/2025
Story Text: Europe's top ammunition maker Rheinmetall <RHMG.DE> reaffirmed on Thursday that it could exceed its 2025 guidance, citing higher demand from Germany, Ukraine and other European nations.
Japan's Nikkei ends higher; NTT Data surges on takeover report
us_business
05/08/2025
Story Text: Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data surged following a takeover report.
UPDATE 1-South African rand lifted by optimism about US trade deals
business_news
05/08/2025
Story Text: The South African rand strengthened on Thursday, boosted by optimism that U.S. President Donald Trump would seal trade deals with major partners after he announced nL1N3RG0Y4 a first agreement with Britain.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
south_east_asia_top_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
Stablecoin bill fails to clear key hurdle in U.S. Senate
TRNI-Banking
05/08/2025
Story Text: Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate.
UPDATE 1-Trump's plan to fix air traffic control faces huge hurdles
ca_news
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
INDIA BONDS-Indian bond yields seen steady as traders stay put amid India-Pakistan tensions
top_india
05/08/2025
Story Text: Indian government bond yields are expected to trade sideways in early deals on Thursday, as traders will likely stay in wait-and-watch mode regarding India-Pakistan tensions.
Ukraine, allies discuss ways to pressure Russia into 30-day ceasefire
uk_news
05/08/2025
Story Text: Ukraine has discussed ways to pressure Russia into agreeing to a 30-day ceasefire https://www.reuters.com/world/what-is-us-ukraine-proposed-30-day-ceasefire-deal-about-2025-03-12/ with U.S., French, British and German senior officials, President Volodymyr Zelenskiy's top aide said on Thursday, part of a flurry of diplomacy to try to end the war.
Expedia misses quarterly revenue estimates amid weak US travel demand; shares down
us_business
05/08/2025
Story Text: Online travel platform Expedia <EXPE.O> missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending.
Tripledot buys AppLovin's mobile games portfolio for $800 million
global_technology
05/08/2025
Story Text: Mobile game developer Tripledot Studios said on Thursday it has agreed to buy marketing platform AppLovin's <APP.O> mobile games studio portfolio for about $800 million in cash and stock.
FACTBOX-What's in the new EU list of possible U.S. tariff counter-measures
us_business
05/08/2025
Story Text: The European Commission has opened a public consultation on Thursday on products which could be hit by new counter-measures to U.S. reciprocal tariffs should negotiations with Washington fail.
UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway
global_world
05/08/2025
Story Text: Britain will sanction up to 100 oil tankers from Russia's so-called shadow fleet https://www.reuters.com/world/europe/western-nations-agree-disrupt-deter-russia-shadow-fleet-estonia-says-2024-12-16/, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday.
UPDATE 2-Trump says China tariffs will come down from 145%
uk_business
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ said on Thursday he expects there to be substantive negotiations between the United States https://www.reuters.com/world/us/ and China https://www.reuters.com/world/china/ on trade this weekend and predicted that punitive U.S. tariffs on Beijing of 145% would likely come down.
Trump's plan to fix air traffic control faces huge hurdles
us_news
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
ca_business
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
Cardinals set for second day of conclave to elect a new pope
uk_news
05/08/2025
Story Text: The largest and most geographically diverse conclave in history was due to resume on Thursday, with Roman Catholic cardinals returning to the Sistine Chapel https://www.reuters.com/world/europe/papal-conclave-take-place-majestic-sistine-chapel-2025-04-22/ to try to settle a wide-open papal https://www.reuters.com/world/europe/who-will-be-next-pope-even-cardinals-dont-know-2025-05-05/ election.
Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
rcom_energy
05/08/2025
Story Text: Citigroup <C.N> must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday.
Packaging firm Mondi posts sequential rise in first-quarter profit
uk_business
05/08/2025
Story Text: Mondi <MNDI.L> reported a sequential growth in first-quarter core profit on Thursday, as a check on costs and fewer maintenance shutdowns helped the British packaging company offset lower prices, sending shares nearly 2.5% higher.
UPDATE 1-Harbour Energy lifts lower end of annual production outlook range
uk_business
05/08/2025
Story Text: North Sea-focused Harbour Energy <HBR.L> on Thursday raised the lower end of its annual production guidance range, after the oil and gas firm reported a jump in first-quarter output, driven by a growing portfolio and improved prices in Europe.
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
us_business
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away https://www.reuters.com/business/bill-gates-give-away-fortune-by-2045-200bn-worlds-poorest-2025-05-08/ some $200 billion to the world's poorest people in the next two decades.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
ca_news
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
Shortsellers target companies offering nice-to-haves in April, Hazeltree data shows
ca_business
05/08/2025
Story Text: Speculators in April bet stock prices would fall at companies where people spend their extra cash, believing that creeping recession risks might spook consumers, said a research report from Hazeltree on Thursday.
FOREX-Sterling strengthens after BoE rate decision
uk_domestic
05/08/2025
Story Text: The pound strengthened nL8N3RG190 on Thursday after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%, with an unexpected three-way split among policymakers, including two who voted to keep rates unchanged.
UPDATE 2-Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
us_business
05/08/2025
Story Text: The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's <GOOGL.O> Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
us_news
05/08/2025
Story Text: The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.
US judge to weigh releasing detained Tufts student on Friday
TRNI-Civil Rights
05/08/2025
Story Text: A federal judge decided on Thursday not to wait for President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration to bring a Tufts University doctoral student https://www.reuters.com/world/us/tufts-says-international-student-taken-into-us-custody-visa-revoked-2025-03-26/ being held in a Louisiana immigration detention facility back to Vermont as previously ordered before assessing whether she should be released from custody.
Software provider EPAM raises annual forecasts, announces CEO change
uk_business
05/08/2025
Story Text: EPAM Systems <EPAM.N> raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10% in premarket trading.
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports.
SNAPSHOT-The latest developments in the India-Pakistan conflict
south_east_asia_top_news
05/08/2025
Story Text: India struck https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ multiple locations in Pakistan this week after a deadly April 22 attack targeting Hindu tourists in Indian Kashmir https://www.reuters.com/world/india/kashmir-disputed-region-focus-after-deadly-militant-attack-2025-04-23/ that New Delhi blames https://www.reuters.com/world/asia-pacific/what-curbs-have-india-pakistan-imposed-each-other-after-kashmir-attack-2025-05-06/ on its Muslim neighbour.
US AI execs to give Congress policy wishlist for beating China
uk_business
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 4-ConocoPhillips warns weak prices may trigger output cuts in oil industry
ca_business
05/08/2025
Story Text: ConocoPhillips <COP.N> beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry.
Norway seeks deeper security ties with Europe, saying US relations uncertain
ca_news
05/08/2025
Story Text: Norway said on Thursday it would seek to deepen security ties with Nordic neighbours and major European allies, bolstering protections against a resurgent Russia and signalling a shift for a nation long one of NATO's most Atlanticist members.
US AI execs to give Congress policy wishlist for beating China
us_news
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
UPDATE 1-Rugby-Fiji winger Raisuqe dies after road accident in France
global_sport
05/08/2025
Story Text: Fiji international Josaia Raisuqe has died after a road accident in France where he played for Top 14 side Castres, the club said on Thursday.
Norway seeks deeper security ties with Europe, saying US relations uncertain
global_world
05/08/2025
Story Text: Norway said on Thursday it would seek to deepen security ties with Nordic neighbours and major European allies, bolstering protections against a resurgent Russia and signalling a shift for a nation long one of NATO's most Atlanticist members.
Story Text: Sweden's Securitas <SECUb.ST>, one of the world's largest security services providers, reported a smaller than expected rise in first-quarter core profit on Thursday, led by a higher operating margin and improvements across all business segments.
Taiwan president marks World War Two anniversary, warning indulging aggressors only whets appetite for expansion
ca_news
05/08/2025
Story Text: Taiwan and Europe face the same threat from authoritarianism, President Lai Ching-te said on Thursday, marking 80 years since the end of World War Two in Europe and warning that indulging aggressors only whets their appetite for expansion.
Sierra Leone's mpox cases fuel African outbreak, health body says
top_news
05/08/2025
Story Text: Sierra Leone accounted for half of Africa's confirmed mpox cases this week, the continent's main health body said on Thursday, adding that the West African country was fuelling the outbreak.
US Chief Justice Roberts underscores defense of judiciary amid Trump's attacks
us_usreport
05/08/2025
Story Text: U.S. Chief Justice John Roberts underscored his defense of the American judiciary on Wednesday amid verbal attacks by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and his allies on judges who have impeded aspects of his sweeping agenda, again stating that impeachment is an inappropriate response to unfavorable rulings.
US AI execs to give Congress policy wishlist for beating China
ca_news
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
Japan's Nikkei ends higher; NTT Data surges on takeover report
south_east_asia_business_news
05/08/2025
Story Text: Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data surged following a takeover report.
Peloton raises 2025 revenue forecast, counts on video subscriber growth
global_technology
05/08/2025
Story Text: Fitness company Peloton Interactive <PTON.O> raised its 2025 revenue forecast on Thursday, banking on an increase in subscriptions for its instructional videos to offset slowing demand for its exercise equipment.
French supermarket group Auchan to cut over 700 jobs in Spain
ca_business
05/08/2025
Story Text: French privately-owned supermarket group Auchan plans to cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers who now shun large supermarkets for smaller stores and online shopping, it said on Thursday.
EU seeks feedback on merger rules revamp amid pressure from businesses
trni_antitrust
05/08/2025
Story Text: EU antitrust regulators are seeking feedback from companies and Europeans on their proposed overhaul of merger rules which telecom providers hope will place more emphasis on benefits from innovation and investment.
CORRECTED-Bitcoin tops $100,000 on trade deal optimism
us_economy
05/08/2025
Story Text: Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ between the United States https://www.reuters.com/world/us/ and the United Kingdom https://www.reuters.com/world/uk/ in a sign that perhaps U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ trade war with the rest of the world is easing.
UPDATE 5-Tapestry lifts forecasts on booming demand for Coach handbags
us_business
05/08/2025
Story Text: Tapestry <TPR.N> on Thursday raised its 2025 revenue and profit forecasts for a third time this year, benefiting from higher full-price sale of its popular Coach handbags and limited exposure to the sweeping U.S. tariffs.
Brewers confident of growth despite tariffs threat to sales
ca_business
05/08/2025
Story Text: European beer makers remain confident about their growth potential despite U.S. tariffs https://www.reuters.com/business/tariffs/ posing some threat to sales and investors see the companies as a relatively safe haven in an intensifying global trade war.
Pinterest's strong revenue forecast signals growing ad spend
global_technology
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, a sign of growing advertising spend on the social media platform despite uncertainty over marketing budgets.
Moody's says tariffs may hit African banks through China slowdown
business_news
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
INDIA BONDS-India bond yields fall as investors see limited risk of India-Pakistan flare-up
business
05/08/2025
Story Text: Indian government bond yields fell early on Thursday, as investors saw little risk of further India-Pakistan escalation, while strong demand and continued the central bank bond purchases supported the market.
Story Text: The United States and Britain announced a deal to lower tariffs https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
US STOCKS-Wall Street rallies as first trade deal reached
us_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
UPDATE 2-Russia says Ukraine attempted border incursions after ceasefire started
ca_news
05/08/2025
Story Text: Russia's defence ministry said on Thursday Ukrainian forces had made two attempts to break through the border into Russia's Kursk region since the start of a three-day ceasefire unilaterally declared by Moscow.
UPDATE 1-US commerce chief says dozens of trade deals to be rolled out over next month
ca_news
05/08/2025
Story Text: Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday
CORRECTED-UPDATE 1-Lotte Chemical Indonesia agrees 10-year ethylene supply deal with Asahimas Chemical
south_east_asia_business_news
05/08/2025
Story Text: Lotte Chemical Corp's <011170.KS> $3.9 billion large-scale petrochemical plant in Indonesia has signed a 10-year ethylene supply contract with PT Asahimas Chemical (ASC), the company said on Wednesday.
UPDATE 3-Trump urged US House Speaker Johnson to raise top tax rate, sources say
us_business
05/08/2025
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors, two people familiar with the conversation said on Thursday.
Story Text: (The Insurer) – Lloyd’s on Thursday confirmed insider Patrick Tiernan will be its next CEO. While Tiernan is no stranger to Lime Street, The Insurer takes a closer look into the man set to take the helm of the global marketplace.
US STOCKS SNAPSHOT-US stock indexes extend gains after Trump announces UK trade deal
business_news
05/08/2025
Story Text: U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, his first since he paused tariffs in April.
Sompo appoints Walsh to succeed Shea as non-executive chairman of SIH board
TRNI-Corporate Governance
05/08/2025
Story Text: (The Insurer) - Sompo has appointed Nicholas Walsh as an independent non-executive chairman of its board of directors for Sompo International Holdings, succeeding James Shea, who was appointed CEO of Sompo P&C in April.
Story Text: Republicans on the U.S. Senate Foreign Relations Committee backed five nominees for diplomatic positions on Thursday despite a Democratic boycott, underscoring deep divisions between members of President Donald Trump's https://www.reuters.com/world/us/donald-trump/ party and lawmakers from the minority.
Ransomware group Lockbit appears to have been hacked, analysts say
TRNI-Data Privacy
05/08/2025
Story Text: The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.
UPDATE 1-Trade Desk beats first-quarter results estimates on strong demand for ad tech
global_technology
05/08/2025
Story Text: The Trade Desk <TTD.O> on Thursday posted first-quarter revenue and profit above analysts' estimates, aided by strong demand for automated ad-buying technologies, sending it shares up 14% in extended trading.
Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture
us_economy
05/08/2025
Story Text: Republican hopes of making all of President Donald Trump https://www.reuters.com/world/us/donald-trump/'s 2017 tax cuts permanent are in jeopardy in Congress, as lawmakers struggle to agree on how to pay for them and Trump's trade war and immigration crackdown dim the prospect of economic growth.
FOREX-Dollar on front foot after Fed signals no rush to cut rates
us_economy
05/08/2025
Story Text: The U.S. dollar held steady against the euro on Thursday following its biggest rise in two weeks a day earlier, when the Federal Reserve warned of rising risks to the economy from higher inflation https://www.reuters.com/business/fed-likely-leave-rates-unchanged-it-hunts-clarity-economy-2025-05-07/ and unemployment.
Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
global_world
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
EU clears final hurdle for softer car CO2 emission targets
sustainable_business
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
Spain's Amadeus books first-quarter profit in line with estimates
uk_business
05/08/2025
Story Text: Spanish travel technology company Amadeus <AMA.MC> booked a first-quarter adjusted net profit of 364 million euros ($411.36 million) on Thursday, roughly in line with analysts' estimates.
Story Text: Canada's main stock index edged higher in choppy trading on Thursday on news that the U.S. was on the verge of signing a trade agreement nL1N3RG0BS with Britain, while investors assessed mixed corporate results.
India New Issue-Jio Credit to issue near 3-year bonds, bankers say
top_india
05/08/2025
Story Text: India's Jio Credit plans to raise 10 billion rupees ($118.2 million), including a greenshoe option of 5 billion rupees, through a sale of bonds maturing in 2 years and 10 months, three bankers said on Thursday.
INDIA STOCKS-Indian shares fall as tensions with Pakistan escalate
business
05/08/2025
Story Text: Indian shares fell on Thursday in their most volatile session in a month after the country said it neutralised attempts by Pakistan to engage several military targets in its northern and western regions.
Gaza's Christians confident new Pope will give importance to enclave's peace
global_world
05/08/2025
Story Text: Gaza's tiny Christian community said that they were happy about the election of a new leader of the Catholic Church on Thursday, adding they were also confident he would give importance to the war-torn enclave like his predecessor Pope Francis did.
UPDATE 1-Canadian financial system stable, but trade war poses big risks, says central bank
us_economy
05/08/2025
Story Text: A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.
'For us, the Pope is Peruvian': Andean nation cheers election of Pope Leo XIV
global_world
05/08/2025
Story Text: In the Peruvian coastal city of Chiclayo, some 5,000 kilometers (3,000 miles) from new Pope Leo XIV's hometown of Chicago, Catholics took to the streets and church bells rang on Thursday to celebrate the election of the former missionary who they embrace as one of their own.
Mali pressed to pay 'enormous' debt for regional dam, document says
top_news
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
IPO-bound LG Electronics India begins work on new $600 million plant
top_india
05/08/2025
Story Text: LG Electronics India has begun construction on its third plant in the country, the company and India's Andhra Pradesh state government, where the facility is located, said on Thursday.
US wholesale inventories revised slightly lower in March
us_economy
05/08/2025
Story Text: U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products.
Rugby-England flanker Pollock named in British and Irish Lions squad
global_sport
05/08/2025
Story Text: England rookie Henry Pollock's selection was the highlight of the British & Irish Lions squad announcement on Thursday as the 20-year-old flanker, with just 30 minutes of international rugby under his belt, earned a slot in Andy Farrell's squad.
UPDATE 3-Nintendo sees Switch 2 sales of 15 million units, profit rising 13% this year
global_technology
05/08/2025
Story Text: Nintendo <7974.T> on Thursday said it expects to sell 15 million Switch 2 units and for operating profit to rise 13% to 320 billion yen ($2.22 billion) in the year ending March.
China, HK stocks hover near 1-month highs as Beijing's stimulus soothes trade anxiety
us_business
05/08/2025
Story Text: China and Hong Kong stocks flirted with one-month highs on Thursday, recovering ground lost since U.S. President Donald Trump's Liberation Day tariffs last month, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
CORRECTED-Prysmian core profit up 28% in first quarter helped by Encore acquisition
uk_business
05/08/2025
Story Text: Italy's Prysmian <PRY.MI> said on Thursday its core profit rose 28% in the first quarter of this year, partly due to the effect of the $4.2 billion Encore Wire's acquisition it completed last year.
UPDATE 8-India says military stations attacked by Pakistan drones and missiles
top_india
05/08/2025
Story Text: Blasts rang out across the Indian city of Jammu late on Thursday during what the government said was a Pakistani drone and missile attack on military stations around the Kashmir region on the second day of clashes nL1N3RE1AV between the nuclear-armed neighbours.
Proxy advisor opposes Holcim chairman's $58 million compensation package
uk_business
05/08/2025
Story Text: Proxy advisor Ethos has called on Holcim shareholders <HOLN.S> to reject the company's remuneration proposals, saying Chairman Jan Jenisch's estimated 48 million Swiss franc ($58 million) compensation realised in 2024 would make him the highest-paid manager among Swiss blue-chip companies.
India's PNB targets record-low bad loan ratio on higher debt recoveries, CEO says
business
05/08/2025
Story Text: Punjab National Bank <PNBK.NS> (PNB), India's second-largest state-run lender by assets, aims to recover more soured loans this year, leading to a record-low gross bad loan ratio, a key asset quality metric, CEO Ashok Chandra said on Thursday.
UPDATE 2-Philippines Q1 GDP grows slightly faster but lags expectations
south_east_asia_business_news
05/08/2025
Story Text: The Philippine economy expanded slightly faster in the first quarter even as growth lagged expectations, with household consumption and public spending underpinning momentum as the country faces rising external headwinds from U.S. tariffs.
UPDATE 2-Russia says Ukraine attempted border incursions after ceasefire started
global_world
05/08/2025
Story Text: Russia's defence ministry said on Thursday Ukrainian forces had made two attempts to break through the border into Russia's Kursk region since the start of a three-day ceasefire unilaterally declared by Moscow.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
business
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
UPDATE 1-Pop Sondrio suitor BPER says net fees to prop up revenues in 2025
uk_business
05/08/2025
Story Text: Italy's BPER Banca <EMII.MI>, which has bid to buy rival Popolare di Sondrio <BPSI.MI>, said net revenue would decline only slightly this year despite lower interest rates, with fee income helping to cushion the hit.
UPDATE 2-India's L&T sees higher margins in FY26 as international orders surge
business
05/08/2025
Story Text: India's Larsen and Toubro (L&T) <LART.NS> on Thursday said it is targeting higher core margins for the current fiscal year on the back of a strong order book, after reporting a fourth-quarter profit above the analysts' estimate.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
global_world
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
CORRECTED-Bitcoin tops $100,000 on trade deal optimism
uk_business
05/08/2025
Story Text: Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ between the United States https://www.reuters.com/world/us/ and the United Kingdom https://www.reuters.com/world/uk/ in a sign that perhaps U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ trade war with the rest of the world is easing.
UPDATE 2-Copper producer Aurubis looks to boost US sales in absence of tariffs
uk_business
05/08/2025
Story Text: Europe's largest copper producer Aurubis <NAFG.DE> is looking to increase its sales to the U.S. while there are no import tariffs on the metal, CEO Toralf Haag told analysts on Thursday.
UPDATE 1-Salvage to begin in Italy this month for Lynch's yacht after fatal sinking
global_world
05/08/2025
Story Text: The recovery of British tech tycoon Mike Lynch https://www.reuters.com/world/europe/obituary-mike-lynch-british-tech-trailblazer-who-died-sea-after-us-trial-2024-08-22/'s superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable https://www.reuters.com/world/europe/indescribable-crew-errors-led-sicily-shipwreck-yacht-maker-says-2024-08-22/ vessel disappeared into the sea https://www.reuters.com/world/europe/what-we-know-about-sinking-superyacht-off-sicily-2024-08-20/ last August.
UPDATE 1-Citgo posts $82 million loss in Q1 amid weak margins
rcom_energy
05/08/2025
Story Text: Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first quarter, compared with a net income of $410 million in the same period last year, amid weak refining margins, the Houston-based company said on Thursday.
Jailed Istanbul Mayor Imamoglu's X account blocked in Turkey
middle_east_top_news
05/08/2025
Story Text: Access to the X account of jailed Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, has been blocked in Turkey in response to a legal demand, a message on his social media account said on Thursday.
Indian broadcaster Zee Entertainment's profit soars on subscription growth
business
05/08/2025
Story Text: India's Zee Entertainment <ZEE.NS> reported an 85% jump in fourth-quarter profit on Thursday, as higher subscriptions and more film releases offset weak advertising demand.
UPDATE 1-Mali pressed to pay 'enormous' debt for regional dam, document says
top_news
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
UPDATE 1-Harbour Energy lifts lower end of annual production outlook range
rcom_energy
05/08/2025
Story Text: North Sea-focused Harbour Energy <HBR.L> on Thursday raised the lower end of its annual production guidance range, after the oil and gas firm reported a jump in first-quarter output, driven by a growing portfolio and improved prices in Europe.
EXCLUSIVE-India's top bourse seeks government intervention in IPO standoff with regulator, sources say
top_india
05/08/2025
Story Text: India's largest exchange, National Stock Exchange, is asking the finance ministry to intervene in a years-long standoff with the country's markets regulator over its planned IPO, three sources with direct knowledge of the matter said.
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
global_technology
05/08/2025
Story Text: Apple <AAPL.O> is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday.
CORRECTED-Russia, China discuss Beijing's participation in Russian LNG projects, minister says
south_east_asia_business_news
05/08/2025
Story Text: Chinese companies' involvement in Russian liquefied natural gas projects is being discussed by Russian and Chinese delegations at talks in Moscow, the Interfax news agency cited Russian Energy Minister Sergei Tsivilev as saying on Thursday.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
us_business
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
OPEC April oil output edges lower despite plans for hike, survey finds
us_business
05/08/2025
Story Text: OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found L8N3RG0PC, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya.
UPDATE 1-Ransomware group Lockbit appears to have been hacked, analysts say
global_technology
05/08/2025
Story Text: The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.
UPDATE 1-EU clears final hurdle for softer car CO2 emission targets
global_environment
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
Japan's Nikkei rises; NTT Data set to surge on takeover report
us_business
05/08/2025
Story Text: Japan's Nikkei share average edged up on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data was set for a 17% jump following a takeover report.
EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
south_east_asia_business_news
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
Ambani's Reliance pulls trademark application for codename of Pakistan strikes
south_east_asia_top_news
05/08/2025
Story Text: Asia's richest man Mukesh Ambani's film studio has withdrawn an application to trademark the codename for India's military strikes against Pakistan after a public and political uproar on social media against the move.
Soccer-Tottenham ease past Bodo/Glimt to reach Europa League final
global_sport
05/08/2025
Story Text: Tottenham Hotspur avoided any mishaps in the Arctic Circle by easing into the Europa League final with a composed 2-0 win at Norway's Bodo/Glimt for a 5-1 aggregate victory on Thursday.
QUOTES-Bank of England policymakers speak after rate cut
uk_business
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 1-Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
global_technology
05/08/2025
Story Text: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin's <APP.O> mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday.
EXCLUSIVE-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
global_science
05/08/2025
Story Text: Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects.
Germany's OHB reports rise in Q1 revenue, provides outlook
uk_business
05/08/2025
Story Text: German aerospace group OHB <OHBG.DE> posted a 13% gain in first-quarter revenues and forecast 2025 sales to come in at 1.2 billion euros ($1.36 billion) in 2025, broadly in line with an LSEG polls of analysts.
CORRECTED-UPDATE 2-Holiday-Inn owner IHG defies industry trend with US growth
us_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group <IHG.L> said on Thursday it was on track to meet market expectations for annual profit after a rebound in U.S. room revenues.
UPDATE 2-In Panama, Trump's new ambassador casts China as threat to frayed alliance
us_news
05/08/2025
Story Text: The United States' new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
UPDATE 3-Trump selects Fox News host Jeanine Pirro as D.C.'s interim US attorney
us_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/ on Thursday appointed Fox News host Jeanine Pirro to serve as Washington, D.C.'s interim U.S. attorney, after Ed Martin https://www.reuters.com/world/us/trump-pick-washington-dc-prosecutor-wont-get-senate-vote-before-deadline-source-2025-05-06/, the current interim job holder and Trump's first pick to hold the job on a permanent basis, failed to garner enough support to advance in the U.S. Senate.
Kemper’s Lacher plays down possible tariffs impact on auto-heavy book
us_business
05/08/2025
Story Text: (The Insurer) - Kemper Corporation chief Joseph Lacher has sought to allay concerns about possible impacts on the company’s auto-heavy portfolio from President Donald Trump’s trade policy and insisted the tariffs will not materially affect earnings.
Moroccan exchange to launch derivatives within weeks, CEO says
top_news
05/08/2025
Story Text: Morocco's Casablanca Stock Exchange expects to launch a new derivatives market within weeks as part of an effort to boost liquidity in one of Africa's largest exchanges, its chief executive told Reuters.
UPDATE 1-Snam posts rise in first quarter core profit, confident on Italy's gas storage
uk_business
05/08/2025
Story Text: Italy's gas grid group Snam <SRG.MI>, which recently acquired a stake in Germany's fuel operator Open Grid Europe nL5N3QM0IV, reported on an 8% annual rise in its first-quarter adjusted core profit on Thursday.
GRAPHIC-Global central banks diverge as tariff risks hamper US Fed
uk_business
05/08/2025
Story Text: Big central banks are diverging as White House tariffs https://www.reuters.com/business/tariffs/ threaten to raise U.S. inflation and a dash out of the dollar sparks disinflationary currency strength elsewhere.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
global_world
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
Stablecoin bill fails to clear key hurdle in U.S. Senate
ca_business
05/08/2025
Story Text: Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate.
UPDATE 1-South African rand lifted by optimism about US trade deals
uk_business
05/08/2025
Story Text: The South African rand strengthened on Thursday, boosted by optimism that U.S. President Donald Trump would seal trade deals with major partners after he announced nL1N3RG0Y4 a first agreement with Britain.
UPDATE 2-EU sets out possible 95-billion-euro response to US tariffs
uk_news
05/08/2025
Story Text: The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.
UPDATE 2-'Deglobalisation' is an opportunity, Acerinox says
us_business
05/08/2025
Story Text: Spanish steelmaker Acerinox <ACX.MC> said on Thursday it expects to benefit from deglobalisation and increased trade barriers, though tariff-related uncertainties hurt the company's first-quarter results.
Guinea aims to pull EGA's licence over alumina refinery row, sources say
sustainable_business
05/08/2025
Story Text: The Guinean government's move to revoke Emirates Global Aluminium's (EGA) mining license stemmed from the company's failure to fulfil its commitment to construct an alumina refinery, people familiar with the matter have told Reuters.
Story Text: Swisscom <SCMN.S> reported a 39.3% rise in its first-quarter revenue on Thursday, meeting market expectations, citing the successful acquisition of Vodafone Italia.
Trump's plan to fix air traffic control faces huge hurdles
us_usreport
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
RPT-ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
ca_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
UPDATE 4-Macquarie's profit beats forecasts, sees no immediate business changes
ca_business
05/08/2025
Story Text: Australia's Macquarie Group <MQG.AX> reported stronger-than-expected annual profit on Friday and said it did not expect any major changes to its business due to global trade risks, sending its shares 4% higher.
Acerinox's first-quarter profit falls dramatically on weak steel demand
uk_business
05/08/2025
Story Text: Spanish steelmaker Acerinox <ACX.MC> said on Thursday its net profit in the first-quarter fell 81% compared with the same period in 2024 as demand for stainless steel in Europe failed to pick up and global trade uncertainties further hit the industry.
Saudi Arabia sits on fence over BRICS with eye on vital ties with US
middle_east_top_news
05/08/2025
Story Text: Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset Washington as Riyadh seeks to seal deals with its U.S. ally.
UPDATE 1-British Airways parent IAG to order about 30 jets from Boeing, Bloomberg News reports
uk_business
05/08/2025
Story Text: British Airways parent IAG <ICAG.L> is poised to order about 30 Boeing <BA.N> 787 Dreamliner aircraft, Bloomberg News reported on Thursday, citing people familiar with the matter.
UPDATE 6-Apple's plan to offer AI search options on Safari a blow to Google dominance
us_business
05/08/2025
Story Text: Apple's plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search engine.
Slovak PM Fico searches for route to Russia after Baltics close airspace
uk_news
05/08/2025
Story Text: Slovakia's prime minister was seeking a route to Moscow on Thursday to attend Russia's World War 2 victory parade after Lithuania shut its airspace to flights carrying him to the event and he said other Baltic nations imposed similar restrictions.
UPDATE 2-Auto parts group Dowlais adjusts revenue and margin forecasts
ca_business
05/08/2025
Story Text: British auto parts supplier Dowlais <DWL.L> said on Thursday it expects full-year adjusted revenue and operating margin in 2025 to be towards the lower end of its forecast, citing continued market volatility.
OpenAI in talks to hire senior executive for major leadership role, The Information reports
global_technology
05/08/2025
Story Text: OpenAI is in talks with a senior technology executive to oversee some of the company's divisions in a major leadership restructuring at the artificial intelligence firm, The Information reported on Thursday, citing people familiar with the plans.
India's PNB targets record-low bad loan ratio on higher debt recoveries, CEO says
top_india
05/08/2025
Story Text: Punjab National Bank <PNBK.NS> (PNB), India's second-largest state-run lender by assets, aims to recover more soured loans this year, leading to a record-low gross bad loan ratio, a key asset quality metric, CEO Ashok Chandra said on Thursday.
US judge to weigh releasing detained Tufts student on Friday
us_usreport
05/08/2025
Story Text: A federal judge decided on Thursday not to wait for President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration to bring a Tufts University doctoral student https://www.reuters.com/world/us/tufts-says-international-student-taken-into-us-custody-visa-revoked-2025-03-26/ being held in a Louisiana immigration detention facility back to Vermont as previously ordered before assessing whether she should be released from custody.
India New Issue-India Infrastructure Finance to issue 10-year bonds, bankers say
top_india
05/08/2025
Story Text: India Infrastructure Finance Company <IIFCL.UL> (IIFCL) plans to raise 20 billion rupees ($233.51 million), including a greenshoe option of 15 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
UPDATE 4-Coinbase buys Deribit in $2.9 billion deal to expand crypto options base
TRNI-Capital Markets
05/08/2025
Story Text: Coinbase <COIN.O>, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets.
UPDATE 2-Mexico's inflation meets expectations in April ahead of rate decision
us_economy
05/08/2025
Story Text: Mexico's annual inflation rate came in line with market expectations in April, official data showed on Thursday, accelerating from the previous month but still within the central bank's target range.
Story Text: U.S. worker productivity dropped in the first quarter for the first time in nearly three years, resulting in a surge in labor costs that could squeeze margins for businesses at a time when they are facing rising costs from tariffs.
REFILE-ARA gasoline stocks rise 7%, Insights Global data shows
rcom_energy
05/08/2025
Story Text: Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.
UPDATE 1-BOJ split over how US policies impact rate hikes, March minutes show
south_east_asia_top_news
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 2-Hamas says it is engaged in 'fierce fighting' in Gaza's Rafah
ca_news
05/08/2025
Story Text: Hamas militants were engaged in fierce fighting with Israeli soldiers on Thursday in the south of the Gaza Strip near Rafah, the Palestinian militant group said.
EXCLUSIVE-DOGE-led software revamp to speed US job cuts even as Musk steps back
ca_business
05/08/2025
Story Text: The federal human resources agency at the heart of billionaire Elon Musk https://www.reuters.com/business/elon-musk/'s efforts to slash the federal workforce https://www.reuters.com/world/us/100-days-doge-lots-chaos-not-so-much-efficiency-2025-04-24/ is poised to roll out software to speed layoffs across the U.S. government, two people familiar with the matter told Reuters.
Greek police arrest far-right group accused of robberies, assaults
ca_news
05/08/2025
Story Text: Greek police said on Thursday they had dismantled a far-right criminal group linked to robberies, assaults and violence with a racist motive in the northern city of Thessaloniki.
Aspen’s upsized IPO raises $397.5 million, American Integrity also set for market debut
TRNI-Capital Markets
05/08/2025
Story Text: (The Insurer) - Bermudian (re)insurer Aspen Insurance Holdings and Florida carrier American Integrity Insurance Group are both set to begin trading on the New York Stock Exchange on Thursday in initial public offerings that are raising $397.5 million and $110 million respectively.
Story Text: India's Larsen and Toubro (L&T) <LART.NS> reported fourth-quarter profit above analysts' estimates on Thursday, and said its order growth quickened.
Australia, NZ dollars bounce on hopes for progress in US tariff stalemate
us_economy
05/08/2025
Story Text: The Australian and New Zealand dollars bounced on Thursday, as hopes for progress in U.S. trade talks globally helped offset a more hawkish outlook on U.S. interest rates that lifted the greenback overnight.
UPDATE 4-Burger King-parent Restaurant Brands' quarterly results miss on weak demand
ca_business
05/08/2025
Story Text: Restaurant Brands <QSR.N> <QSR.TO> missed first-quarter revenue and profit estimates on Thursday, hurt by sluggish demand at its restaurant chains such as Burger King and Tim Hortons amid tariff-related uncertainty.
US STOCKS-US stock futures climb on hopes of first trade deal since tariff pause
us_business
05/08/2025
Story Text: U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
global_world
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away https://www.reuters.com/business/bill-gates-give-away-fortune-by-2045-200bn-worlds-poorest-2025-05-08/ some $200 billion to the world's poorest people in the next two decades.
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
us_usreport
05/08/2025
Story Text: The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
UPDATE 2-British equities mixed as markets mull US-UK trade deal
uk_domestic
05/08/2025
Story Text: British blue-chips closed lower on Thursday, while midcaps clocked gains as investors weighed up a trade deal between the United States and Britain, the latest in a saga of global trade developments.
ADNOC Drilling's first-quarter profit jumps on strong oilfield services
middle_east_top_news
05/08/2025
Story Text: ADNOC Drilling <ADNOCDRILL.AD>, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.
UPDATE 2-UBS in talks to sell hedge fund O'Connor to Cantor Fitzgerald, Bloomberg News reports
TRNI-Banking
05/08/2025
Story Text: Swiss lender UBS <UBSG.S> is in talks to sell its hedge fund unit, O'Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter.
Eiopa: US exit from Paris Agreement raises nat cat insurability issues
sustainable_business
05/08/2025
Story Text: (The Insurer) - The withdrawal of the U.S. from climate-related multilateral agreements may increase insurability challenges for the industry as losses from climate-driven natural catastrophes increase over the next 12 months, the European Insurance and Occupational Pensions Authority (Eiopa) has warned.
India's Paytm, founder settle with markets regulator in ESOPs case
business
05/08/2025
Story Text: Indian payments firm Paytm <PAYT.NS> and its founder Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
EXPLAINER-Republicans weigh cuts to Medicaid that could dramatically affect millions
ca_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/world/us/donald-trump/'s fellow Republicans in the U.S. Congress are weighing steep cuts to the Medicaid health program as part of a wide-ranging budget package https://www.reuters.com/world/us/us-house-republicans-wrestle-with-trump-tax-cuts-medicaid-needs-2025-04-28/ that also would cut taxes and raise spending on defense and border security.
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
us_business
05/08/2025
Story Text: Apple <AAPL.O> is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday.
UK's Airtel Africa to list Airtel Money in first half of 2026
business_news
05/08/2025
Story Text: Britain's Airtel Africa <AAF.L> on Thursday said it expects to list Airtel Money, its mobile money services unit, in the first half of the calendar year 2026.
Lithuania's parliament approves exit from landmines treaty amid Russia threat
uk_news
05/08/2025
Story Text: The Lithuanian parliament on Thursday voted in favour of withdrawing from the Ottawa Convention that bans the use of anti-personnel landmines amid concerns over the military threat posed by neighbouring Russia.
ANALYSIS-Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law
trni_bankruptcy
05/08/2025
Story Text: A decision by India's Supreme Court to quash https://www.reuters.com/world/india/top-indian-court-scraps-jsw-steels-bid-acquire-bhushan-power-cnbc-tv18-reports-2025-05-02/ a $2.3-billion steel industry deal six years after an insolvency tribunal approved it has unsettled buyers of distressed assets, throwing a shadow over one of the country's biggest reforms.
FACTBOX-Major cases involving Trump before the US Supreme Court
us_usreport
05/08/2025
Story Text: The U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ has acted in a series of cases involving challenges to executive orders signed by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and actions by his administration since he returned to office in January. Cases at the court have involved deportations, protected status for certain migrants, Trump's transgender military ban, his move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials, cuts to teacher training grants, payments to foreign aid organizations and access to Social Security data.
Jefferies banker George Maddison to retire, sources say
TRNI-Corporate Governance
05/08/2025
Story Text: The chairman of Jefferies' European investment banking Financial Institutions Group, George Maddison, is retiring from his role, according to two sources with knowledge of the situation.
Trade war set to slash China's steel exports, aggravating oversupply at home
us_business
05/08/2025
Story Text: China's steel exports are set to slump in the second quarter, threatening to exacerbate a supply glut at home, analysts and traders said, as the trade war and a wave of protectionism moving in its wake crimps export markets.
Shortsellers target companies offering nice-to-haves in April, Hazeltree data shows
U.S. MONEY
05/08/2025
Story Text: Speculators in April bet stock prices would fall at companies where people spend their extra cash, believing that creeping recession risks might spook consumers, said a research report from Hazeltree on Thursday.
RPT-Asian banks see big boost to wealth business as currencies rally
south_east_asia_business_news
05/08/2025
Story Text: A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say.
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
us_news
05/08/2025
Story Text: Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.
Mali pressed to pay 'enormous' debt for regional dam, document says
rcom_energy
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
UPDATE 1-Cause of Heathrow shutdown fire still unknown, initial report says
uk_domestic
05/08/2025
Story Text: The cause of the fire at an electricity substation that forced Britain's Heathrow Airport https://www.reuters.com/business/aerospace-defense/heathrow-boss-criticised-over-resilience-lawmakers-probe-shutdown-2025-04-02/ to shut down for almost a day remains unknown, the National Energy System Operator said in an interim report on Thursday.
EXCLUSIVE-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
global_technology
05/08/2025
Story Text: Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects.
UPDATE 2-Soccer-Man United reach Europa League final after dispatching Athletic Bilbao
global_sport
05/08/2025
Story Text: Manchester United booked their berth in the Europa League final after a 4-1 semi-final thrashing of Athletic Bilbao on Thursday, with Mason Mount scoring twice to give the hosts a 7-1 aggregate win and a chance for the beleaguered team to hoist some silverware this season.
India scraps short-term investment, concentration limits for foreign investors in corporate debt
business
05/08/2025
Story Text: India's central bank said on Thursday it has decided to withdraw short-term investment and concentration limits for foreign portfolio investors (FPIs) in corporate debt securities, in a move aimed at boosting foreign inflows.
Portugal police arrest crime ring over fraudulent permits for 10,000 foreigners
uk_news
05/08/2025
Story Text: Portuguese police have arrested 13 people they believe provided an estimated more than 10,000 foreigners with residence permits and documents allowing them to stay in Portugal and the European Union in exchange for bribes, police said on Thursday.
South Sudan clashes block aid to 60,000 malnourished children
top_news
05/08/2025
Story Text: Fighting along the Nile River in South Sudan has prevented humanitarian aid from reaching more than 60,000 malnourished children in the northeast of the country for almost a month, two United Nations agencies said on Thursday.
Republican US lawmakers voice support for IRA energy tax credits
us_usreport
05/08/2025
Story Text: Republican U.S. lawmakers sent a letter to the head of the House Ways and Means Committee on Thursday voicing their support for tax credits boosted in former President Joe Biden's https://www.reuters.com/world/us/joe-biden/ Inflation Reduction Act, legislation for which no Republicans voted.
Argentine cardinal hopes Pope Francis' vision lives on
global_world
05/08/2025
Story Text: Argentine cardinal Angel Rossi, one of the 133 now gathered at the Vatican to elect a new pope https://www.reuters.com/world/europe/cardinals-set-second-day-conclave-elect-new-pope-2025-05-08/, told Reuters before the conclave that he hoped the next leader of the global Catholic Church - whoever he is - will maintain intact the vision of Pope Francis, a fellow Jesuit and his former teacher.
UPDATE 3-Grab looks to strike a deal to acquire Indonesia's GoTo in Q2, sources say
south_east_asia_business_news
05/08/2025
Story Text: U.S.-listed ride-hailing and food delivery company Grab <GRAB.O> is looking to strike a deal to take over smaller Indonesian rival GoTo <GOTO.JK> in the second quarter, two sources with knowledge of the matter said.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
ca_business
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
Rugby-Castres wing, Fiji sevens player Raisuqe dies after accident, reports say
global_sport
05/08/2025
Story Text: Fiji international Josaia Raisuqe has died after an accident in France where he played for Top 14 side Castres, local media reports said on Thursday.
REFILE-UPDATE 1-Pakistan's US ambassador says India, Pakistan have had contact at national security level
global_world
05/08/2025
Story Text: Pakistan's ambassador to the U.S. said on Thursday that India and Pakistan have had contacts at the level of their respective National Security Councils, when asked if the nuclear-armed Asian neighbors had any ongoing lines of conversation.
FBI chief reverses course after saying White House budget proposal too low
us_news
05/08/2025
Story Text: FBI Director Kash Patel told a U.S. Senate panel on Thursday that he supports a White House proposal to cut the bureau's budget, a day after telling lawmakers he had wanted $1 billion more https://www.reuters.com/world/us/senate-democrat-requests-probe-into-fbi-director-patels-use-government-plane-2025-05-07/ than the administration had requested.
UPDATE 1-Mali pressed to pay 'enormous' debt for regional dam, document says
business_news
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
China, HK stocks hit 1-month closing highs as Beijing's stimulus soothes trade anxiety
us_economy
05/08/2025
Story Text: China and Hong Kong stocks finished Thursday at one-month closing highs, recovering ground lost since U.S. President Donald Trump announced steep tariffs in early April, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
us_economy
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
UPDATE 1-US Consulate General in Pakistan's Lahore directs staff to shelter in place
global_world
05/08/2025
Story Text: The U.S. Consulate General in Lahore, Pakistan, has directed its staff to shelter in place amid reports of drone explosions, downed drones and possible airspace incursions, the country's State Department said on Thursday.
UPDATE 8-India says military stations attacked by Pakistan drones and missiles
global_world
05/08/2025
Story Text: Blasts rang out across the Indian city of Jammu late on Thursday during what the government said was a Pakistani drone and missile attack on military stations around the Kashmir region on the second day of clashes nL1N3RE1AV between the nuclear-armed neighbours.
CORRECTED-UPDATE 1-Air Canada first-quarter loss widens as passengers skip US travel
ca_business
05/08/2025
Story Text: Air Canada <AC.TO> reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.
Euro zone bond yields edge higher after Fed inflation warning, await BoE
uk_business
05/08/2025
Story Text: Euro zone government bond yields edged higher on Thursday after the U.S. Federal Reserve warned about the risks of higher inflation and unemployment, with investors now looking towards the Bank of England's monetary policy meeting later in the day.
UPDATE 3-US, Britain to announce trade deal on Thursday, New York Times says
uk_domestic
05/08/2025
Story Text: U.S. President Donald Trump is expected to announce a trade deal between the United States and Britain on Thursday, the New York Times reported on Wednesday, citing three people familiar with the plans.
Wirecard fugitive discussed weapons, diamonds with Russian spy ring leader
global_world
05/08/2025
Story Text: Wirecard fugitive Jan Marsalek nL5N3PE083 and the leader of a British-based Russian spy ring discussed sourcing drones for Russia's war in Ukraine, trading blood diamonds and providing mercenaries in Africa, according to messages shown to a London court.
Norwegian Air's operating loss beats estimates in 1st quarter
uk_business
05/08/2025
Story Text: Budget airline Norwegian Air <NAS.OL> reported a smaller-than-expected operating loss for the first quarter on Thursday, and said the result was impacted by strengthening of the Norwegian crown against the U.S. dollar during the quarter.
UPDATE 3-Shopify sees strong revenue as e-commerce business grows despite tariff gloom
ca_business
05/08/2025
Story Text: Shopify <SHOP.TO> <SHOP.O> is seeing steady growth in the number of merchants signing up on its e-commerce platform and no weakness so far in consumer demand, the Canadian company said on Thursday, easing some investor fears of a tariff-induced hit.
UPDATE 2-Paramount's strong quarterly results boosted by originals, streaming growth
us_business
05/08/2025
Story Text: Paramount Global's <PARA.O> quarterly revenue and profit beat Wall Street estimates on Thursday, helped by originals and post-theatrical releases at its direct-to-consumer business, which includes streaming.
Japan's Nikkei ends higher; NTT Data surges on takeover report
ca_business
05/08/2025
Story Text: Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data surged following a takeover report.
UPDATE 1-Telecom Italia to continue exploring potential tie-up with Iliad
uk_business
05/08/2025
Story Text: Telecom Italia (TIM) <TLIT.MI> will continue to explore the possibility of a tie-up with French-owned rival Iliad as it still believes consolidation is needed to make Italy's telecoms sector sustainable, Chief Executive Pietro Labriola said on Thursday.
US STOCKS SNAPSHOT-US stock indexes extend gains after Trump announces UK trade deal
us_business
05/08/2025
Story Text: U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, his first since he paused tariffs in April.
UPDATE 1-China lifts suspension on five Brazilian soy exporters ahead of Lula visit
ca_business
05/08/2025
Story Text: China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday.
Carlyle's profit climbs on fee growth, record assets under management
TRNI-Capital Markets
05/08/2025
Story Text: Global investment firm Carlyle Group <CG.O> posted a 5.6% growth in first-quarter profit on Thursday, helped by higher fees as its assets under management climbed to a record.
UPDATE 1-Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
middle_east_top_news
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
ANALYSIS-Investors add Fed rate uncertainty to tariff murkiness
us_business
05/08/2025
Story Text: Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing the likelihood that the chaotic trade backdrop means the path of monetary policy remains up in the air.
Proxy advisor opposes Holcim chairman's $58 million compensation package
sustainable_business
05/08/2025
Story Text: Proxy advisor Ethos has called on Holcim shareholders <HOLN.S> to reject the company's remuneration proposals, saying Chairman Jan Jenisch's estimated 48 million Swiss franc ($58 million) compensation realised in 2024 would make him the highest-paid manager among Swiss blue-chip companies.
Norway seeks deeper security ties with Europe, saying US relations uncertain
uk_news
05/08/2025
Story Text: Norway said on Thursday it would seek to deepen security ties with Nordic neighbours and major European allies, bolstering protections against a resurgent Russia and signalling a shift for a nation long one of NATO's most Atlanticist members.
UPDATE 3-Sorrell's S4 Capital revenue falls as tech clients focus spending on AI
us_business
05/08/2025
Story Text: Martin Sorrell's ad group S4 Capital <SFOR.L> said on Thursday that clients were choosing to spend on artificial intelligence rather than marketing, pushing first-quarter revenue 11% lower.
UPDATE 2-Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder
uk_business
05/08/2025
Story Text: Carlyle Group <CG.O> will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain.
UPDATE 3-Nintendo sees Switch 2 sales of 15 million units, profit rising 13% this year
us_business
05/08/2025
Story Text: Nintendo <7974.T> on Thursday said it expects to sell 15 million Switch 2 units and for operating profit to rise 13% to 320 billion yen ($2.22 billion) in the year ending March.
UK's Harbour Energy narrows annual production guidance range
rcom_energy
05/08/2025
Story Text: North Sea-focused Harbour Energy <HBR.L> on Thursday narrowed its annual production guidance upwards to 455-475 thousand barrels of oil equivalent per day (kboepd) from the previously projected 450-475 kboepd.
US STOCKS-US stock futures climb on hopes of first trade deal since tariff pause
ca_business
05/08/2025
Story Text: U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.
FOREX-Dollar on front foot after Fed signals no rush to cut rates
us_business
05/08/2025
Story Text: The U.S. dollar held steady against the euro on Thursday following its biggest rise in two weeks a day earlier, when the Federal Reserve warned of rising risks to the economy from higher inflation https://www.reuters.com/business/fed-likely-leave-rates-unchanged-it-hunts-clarity-economy-2025-05-07/ and unemployment.
UPDATE 2-Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder
us_business
05/08/2025
Story Text: Carlyle Group <CG.O> will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain.
Soccer-Former Australia boss Arnold set to be appointed Iraq coach
global_sport
05/08/2025
Story Text: Former Australia boss Graham Arnold will be presented as the new Iraq coach this weekend ahead of next month's crunch World Cup qualifiers against South Korea and Jordan, a senior member of the Iraqi Football Association said on Thursday.
US wholesale inventories revised slightly lower in March
us_business
05/08/2025
Story Text: U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products.
UPDATE 3-US imposes Iran-related sanctions on third China 'teapot' refinery, port terminal
rcom_energy
05/08/2025
Story Text: U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ administration on Thursday imposed sanctions on a third Chinese independent, or teapot oil refinery and port terminal operators in China https://www.reuters.com/world/china/ for purchases of Iranian oil ahead of an expected fourth round of U.S.-Iran nuclear talks https://www.reuters.com/world/middle-east/iran-says-its-stance-toward-nuclear-talks-with-us-remains-constant-2025-05-05/.
Indian firms look homewards for borrowings as local yields fall, global appetite stays weak
business
05/08/2025
Story Text: Indian companies are stepping up domestic currency borrowing as the central bank's liquidity infusions have lowered local bond yields, while tariff concerns nL2N3QN01Y keep global rates elevated and investors cautious.
US STOCKS-Wall St edges up as imminent US-Britain trade deal stokes optimism
ca_business
05/08/2025
Story Text: Wall Street inched higher on Thursday as investors awaited the announcement of a trade deal between the United States and Britain, which is set to be the first such agreement the U.S. signs after President Donald Trump paused tariffs last month.
UPDATE 3-Outokumpu says uncertainty caused by Trump's tariffs to hit operations in Q2
uk_business
05/08/2025
Story Text: Stainless steel maker Outokumpu <OUT1V.HE> expects global uncertainties related to U.S. President Donald Trump's tariffs to lead to a worsening market environment and impact its operations in the second quarter.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
INDIA STOCKS-India's benchmarks open little changed amid India-Pakistan tensions
business
05/08/2025
Story Text: India's benchmark indexes opened little changed on Thursday, as investors assessed the ongoing tensions with neighbour Pakistan and as the U.S. Federal Reserve said risks of higher inflation and unemployment have risen due to the global trade war.
UPDATE 2-Judge grills Trump administration over order against law firm Susman Godfrey
us_news
05/08/2025
Story Text: U.S. law firm Susman Godfrey asked a judge in Washington on Thursday to permanently bar President Donald Trump's https://www.reuters.com/world/us/donald-trump/ executive order against it, calling the measure an act of retaliation that trampled its rights under the U.S. Constitution.
FACTBOX-China exempts some US imports from tariffs
south_east_asia_business_news
05/08/2025
Story Text: China has granted nL1N3R3043 tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
top_india
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
Australia, NZ dollars bounce on hopes for progress in US tariff stalemate
ca_business
05/08/2025
Story Text: The Australian and New Zealand dollars bounced on Thursday, as hopes for progress in U.S. trade talks globally helped offset a more hawkish outlook on U.S. interest rates that lifted the greenback overnight.
UPDATE 1-US commerce chief says dozens of trade deals to be rolled out over next month
ca_business
05/08/2025
Story Text: Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday
UPDATE 1-Utility Talen Energy posts quarterly loss on higher expenses
rcom_energy
05/08/2025
Story Text: Utility Talen Energy <TLN.O> reported a loss for the first quarter on Thursday, hurt by higher interest and energy expenses, although data center demand prospects helped buffer losses.
UPDATE 1-PIMCO sees heightened US recession risks, FT reports
us_economy
05/08/2025
Story Text: U.S. bond giant PIMCO told the Financial Times that recession risks are at their highest in years and warned investors may be underestimating President Donald Trump's resolve to restore the steep tariffs that roiled markets last month.
UPDATE 2-Israel mounts heavy airstrikes in south Lebanon
middle_east_top_news
05/08/2025
Story Text: Israel launched dozens of airstrikes in south Lebanon on Thursday, in one of its heaviest bombardments of the region since a ceasefire ended last year's war with the Iran-backed Hezbollah. https://www.reuters.com/world/middle-east/what-is-hezbollah-group-backing-hamas-against-israel-2024-02-15/
UPDATE 2-Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder
ca_business
05/08/2025
Story Text: Carlyle Group <CG.O> will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain.
UPDATE 2-Rwanda economy to grow at slower pace in 2025, finance minister says
us_economy
05/08/2025
Story Text: Rwanda's economy is forecast to grow at a slower pace this year than in 2024, while government spending for the 2025/26 fiscal year is expected to rise by about a fifth, Finance Minister Yusuf Murangwa said on Thursday.
South Sudan clashes block aid to 60,000 malnourished children
global_world
05/08/2025
Story Text: Fighting along the Nile River in South Sudan has prevented humanitarian aid from reaching more than 60,000 malnourished children in the northeast of the country for almost a month, two United Nations agencies said on Thursday.
FACTBOX-What's in the new EU list of possible U.S. tariff counter-measures
uk_business
05/08/2025
Story Text: The European Commission has opened a public consultation on Thursday on products which could be hit by new counter-measures to U.S. reciprocal tariffs should negotiations with Washington fail.
Olympics-LA Games give city an opportunity to improve, Mayor Bass says
north_american_sports
05/08/2025
Story Text: Los Angeles will be ready to welcome the world when it hosts the Olympics in 2028 and will use the time leading up to the opening ceremony to improve the city, LA Mayor Karen Bass said on Thursday.
French supermarket group Auchan to cut over 700 jobs in Spain
sustainable_business
05/08/2025
Story Text: French privately-owned supermarket group Auchan plans to cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers who now shun large supermarkets for smaller stores and online shopping, it said on Thursday.
UPDATE 2-German exports, industrial production rose in March ahead of tariffs
uk_business
05/08/2025
Story Text: German exports rose more than expected in March as U.S. demand increased in anticipation of U.S. tariffs and a gain in industrial production also beat expectations, potentially pointing to an improvement in the sluggish sector.
Story Text: Poste Italiane <PST.MI> on Thursday posted a 19% rise in its first-quarter net profit to 597 million euros ($673.77 million), beating a company-provided consensus of 528 million euros.
UPDATE 2-Indian watchmaker Titan's CEO to retire, be replaced by jewellery division head
top_india
05/08/2025
Story Text: Indian jeweller and watchmaker Titan <TITN.NS> said on Thursday that Managing Director and CEO C. K. Venkataraman will retire at year-end, after more than 30 years with the company, and be succeeded by the head of the jewellery division, Ajoy Chawla.
UPDATE 2-Rwanda economy to grow at slower pace in 2025, finance minister says
top_news
05/08/2025
Story Text: Rwanda's economy is forecast to grow at a slower pace this year than in 2024, while government spending for the 2025/26 fiscal year is expected to rise by about a fifth, Finance Minister Yusuf Murangwa said on Thursday.
US AI execs to give Congress policy wishlist for beating China
us_usreport
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft and AMD are set to appear at a U.S. Senate hearing on Thursday and outline ways they believe Washington can stay ahead of Beijing in the artificial intelligence race.
RPT-UPDATE 1-Enel focuses on share buyback, Italian licence after steady Q1
rcom_energy
05/08/2025
Story Text: Enel <ENEI.MI> is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, the utility's management said on Thursday after steady first-quarter results.
ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
ca_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
UPDATE 1-Flows to EM portfolios at a standstill after Trump tariffs, IIF says
us_business
05/08/2025
Story Text: The Trump administration's announcement of an increase in tariffs https://www.reuters.com/business/tariffs/ to the highest levels in a century early last month triggered a repricing of assets globally that reset portfolio flows to emerging markets, according to a banking trade group.
Stellantis to cut up to 200 jobs through voluntary exits at Italy's Termoli plant
uk_business
05/08/2025
Story Text: Carmaker Stellantis <STLAM.MI> has agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, the company said on Thursday.
US and Britain expected to announce tariff deal on Thursday
uk_business
05/08/2025
Story Text: The United States and Britain are expected to announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump https://www.reuters.com/business/tariffs/ imposed levies on countries around the world.
Aspen closes up 8% on first day of trading after IPO
ca_business
05/08/2025
Story Text: (The Insurer) - Aspen Insurance Holdings Limited’s share price closed up 8.3% on its first day of trading following its initial public offering, while American Integrity Insurance Group closed up 5.6% on its market debut.
Paris wheat falls, Black Sea rain helps crops in rival exporters
uk_business
05/08/2025
Story Text: European wheat prices fell on Wednesday as rain forecast for Black Sea crops raised prospects of more export competition, while dealers awaited planned U.S.-China trade talks this weekend.
UPDATE 10-Airlines re-route, cancel flights due to India-Pakistan fighting
south_east_asia_top_news
05/08/2025
Story Text: Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ nine sites in Pakistan, raising fears of an escalation.
Story Text: China's yuan slipped against the dollar on Thursday after the central bank guided the currency much lower through its official fix following a recent surge.
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
us_news
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away https://www.reuters.com/business/bill-gates-give-away-fortune-by-2045-200bn-worlds-poorest-2025-05-08/ some $200 billion to the world's poorest people in the next two decades.
Liberty Mutual combined ratio up to 96.6% on cats as NWP drops 1.8% in Q1
ca_business
05/08/2025
Story Text: (The Insurer) - Liberty Mutual Holding Company has reported a modest 0.8 point increase in its combined ratio in the first quarter as catastrophe losses were up 121% to $1.82 billion, while net written premiums fell 1.8% driven by U.S. retail markets.
Sierra Leone's mpox cases fuel African outbreak, health body says
global_world
05/08/2025
Story Text: Sierra Leone accounted for half of Africa's confirmed mpox cases this week, the continent's main health body said on Thursday, adding that the West African country was fuelling the outbreak.
Norway seeks deeper security ties with Europe, saying US relations uncertain
us_news
05/08/2025
Story Text: Norway said on Thursday it would seek to deepen security ties with Nordic neighbours and major European allies, bolstering protections against a resurgent Russia and signalling a shift for a nation long one of NATO's most Atlanticist members.
UPDATE 1-Venezuela minister says opposition negotiated members' exit from Argentine residence
ca_news
05/08/2025
Story Text: Venezuela's interior minister on Wednesday said the exit of Venezuelan opposition members from Argentina's diplomatic residence in Caracas was negotiated, after the opposition said the operation took the government by surprise.
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of a trade deal between the United States and Britain, while sterling also strengthened nL8N3RG190 following an interest rate cut from the Bank of England.
Story Text: Bank of England Governor Andrew Bailey said on Thursday he welcomed news that Britain was poised to strike a trade deal with the United States, saying it will help reduce uncertainty.
Japan's Nikkei rises; NTT Data set to surge on takeover report
ca_business
05/08/2025
Story Text: Japan's Nikkei share average edged up on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data was set for a 17% jump following a takeover report.
UPDATE 1-Alice & Bob to build Paris lab for quantum computing
global_technology
05/08/2025
Story Text: French tech startup Alice & Bob said it was building a $50 million quantum computing laboratory in Paris to support the development of its products.
Sabadell's Q1 net profit rises 59% from same period in 2024
uk_business
05/08/2025
Story Text: Spain's Sabadell <SABE.MC> on Thursday said its first-quarter net profit rose 59% from the same period in 2024 thanks to a lower impact from the renewed banking tax nL1N3MS0KE.
UPDATE 5-DBS cautious about 2025 after Q1 profit beats expectations
us_business
05/08/2025
Story Text: Singapore lender DBS Group <DBSM.SI> flagged risk from heightened uncertainty and softer non-interest income growth for 2025 after posting on Thursday a 2% drop in first-quarter net profit that beat expectations.
Tennis-Alcaraz raring to go, welcomes Sinner back from doping ban
global_sport
05/08/2025
Story Text: Carlos Alcaraz said he is back to his best for the Italian Open after suffering injuries last month while the Spaniard also welcomed back world number one Jannik Sinner, who is poised for a comeback on home soil after serving a doping suspension.
UPDATE 1-Indonesia's FX reserves fall to five-month low in April
south_east_asia_business_news
05/08/2025
Story Text: Indonesia's foreign exchange reserves fell to a five-month low of $152.5 billion in April following currency intervention to support the rupiah, which hit record lows against the dollar last month, Bank Indonesia (BI) said on Thursday.
UPDATE 1-EU approves 5 billion euro French scheme for wine exports to US
us_business
05/08/2025
Story Text: The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday.
UPDATE 2-Zurich Insurance property and casualty revenue rises, affirms targets
us_business
05/08/2025
Story Text: Zurich Insurance <ZURN.S> reported higher first-quarter revenue and gross written premiums at its core property and casualty (P&C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market.
UPDATE 2-Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
south_east_asia_business_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established group of Southeast Asian and Arab nations that Beijing hopes to rally against U.S. tariffs https://www.reuters.com/business/tariffs/, two sources told Reuters.
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of a trade deal between the United States and Britain, while sterling reversed gains made after an interest rate cut from the Bank of England.
Russia deployed missile in attack on Ukraine's Poltava region, governor says
global_world
05/08/2025
Story Text: Russian forces deployed a missile in central Ukraine's Poltava region on Thursday, a top regional official said, an attack that occurred during Moscow's proclaimed three-day ceasefire to mark the defeat of Nazi Germany in World War Two.
EMERGING MARKETS-Brazilian real jump following bumper rate hike; Romanian markets keep falling
us_economy
05/08/2025
Story Text: Brazil's currency jumped on Thursday, following an interest rate hike by its central bank, while Romanian assets continued their downward spiral after right-wing eurosceptic George Simion won the first round nL1N3RF0AQof presidential elections there.
UPDATE 2-Indian watchmaker Titan's CEO to retire, be replaced by jewellery division head
business
05/08/2025
Story Text: Indian jeweller and watchmaker Titan <TITN.NS> said on Thursday that Managing Director and CEO C. K. Venkataraman will retire at year-end, after more than 30 years with the company, and be succeeded by the head of the jewellery division, Ajoy Chawla.
Singapore distillates stocks rise to nearly 9 million barrels
rcom_energy
05/08/2025
Story Text: Singapore's middle distillates inventories rose for a second straight week as net exports of both diesel/gasoil and jet fuel/kerosene slipped, official data showed on Thursday.
Aspen’s upsized IPO raises $397.5 million, American Integrity also set for market debut
ca_business
05/08/2025
Story Text: (The Insurer) - Bermudian (re)insurer Aspen Insurance Holdings and Florida carrier American Integrity Insurance Group are both set to begin trading on the New York Stock Exchange on Thursday in initial public offerings that are raising $397.5 million and $110 million respectively.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
TRNI-Civil Rights
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
CORRECTED-UPDATE 2-Holiday-Inn owner IHG defies industry trend with US growth
ca_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group <IHG.L> said on Thursday it was on track to meet market expectations for annual profit after a rebound in U.S. room revenues.
UPDATE 1-Azimut posts slight drop in first-quarter net profit, confirms 2025 guidance
uk_business
05/08/2025
Story Text: Italian asset manager Azimut Holding <AZMT.MI> reported on Thursday a 1.5% year-on-year drop in first quarter net profit to 115.2 million euros ($130.34 million) and confirmed its 2025 guidance.
EU seeks feedback on merger rules revamp amid pressure from businesses
sustainable_business
05/08/2025
Story Text: EU antitrust regulators are seeking feedback from companies and Europeans on their proposed overhaul of merger rules which telecom providers hope will place more emphasis on benefits from innovation and investment.
Greek police arrest far-right group accused of robberies, assaults
uk_news
05/08/2025
Story Text: Greek police said on Thursday they had dismantled a far-right criminal group linked to robberies, assaults and violence with a racist motive in the northern city of Thessaloniki.
Trump's plan to fix air traffic control faces huge hurdles
us_business
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
FOREX-Dollar strengthens as Trump moots 'major' trade deal
uk_business
05/08/2025
Story Text: The dollar strengthened slightly against a basket of other currencies on Thursday after U.S. President Donald Trump said he would announce a major trade deal later in the day.
UPDATE 1-Slovak PM Fico takes circuitous route to Russia after Baltics close airspace
uk_news
05/08/2025
Story Text: Slovakia's prime minister embarked on a circuitous route to Moscow on Thursday to attend Russia's World War 2 victory parade after Lithuania shut its airspace to flights carrying him to the event and other Baltic nations imposed similar restrictions.
JPMorgan's $200 million Angola margin call reveals Africa's new debt pains
business_news
05/08/2025
Story Text: A $200 million margin call by JPMorgan on Angola https://www.reuters.com/markets/commodities/oil-price-drop-turns-up-heat-emerging-market-crude-exporters-2025-04-15/'s $1 billion loan at the height of the global selloff of risky assets has exposed the high costs of unorthodox financing heavily indebted African issuers have been turning to, analysts say.
RPT-UPDATE 1-Enel focuses on share buyback, Italian licence after steady Q1
uk_business
05/08/2025
Story Text: Enel <ENEI.MI> is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, the utility's management said on Thursday after steady first-quarter results.
UPDATE 1-US says solution for Gaza aid is 'steps away' as aid groups raise alarm
ca_news
05/08/2025
Story Text: The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was steps away and an announcement was coming shortly, as the aid community expressed skepticism that the plan would bring relief to the enclave's conflict-ravaged population.
ANALYSIS-Australia's stocks shine as global money seeks US alternatives
us_economy
05/08/2025
Story Text: Foreign investors have been turning to Australia's domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.
'For us, the Pope is Peruvian': Andean nation cheers election of Pope Leo XIV
ca_news
05/08/2025
Story Text: In the Peruvian coastal city of Chiclayo, some 5,000 kilometers (3,000 miles) from new Pope Leo XIV's hometown of Chicago, Catholics took to the streets and church bells rang on Thursday to celebrate the election of the former missionary who they embrace as one of their own.
Story Text: Lyft <LYFT.O> increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling steady demand for its ride-hailing services, sending its shares up nearly 8% in extended trading.
UPDATE 1-Apple asks US appeals court to pause ruling in Epic Games case
us_business
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
WEEKAHEAD-AFRICA-FX-Ghana's cedi seen extending gains
business_news
05/08/2025
Story Text: Ghana's currency is seen rising further in the coming week to Thursday, while Nigeria's and Uganda's could be broadly steady and Zambia's may drop, traders said.
Bill Gates to give away fortune by 2045, $200bn for world's poorest
global_world
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.
Wolfspeed sees 2026 revenue below estimates; shares slump
uk_business
05/08/2025
Story Text: Chipmaker Wolfspeed <WOLF.N> forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.
Trump taking harder approach towards Russia, says US former adviser
ca_news
05/08/2025
Story Text: President Donald Trump is adopting a tougher approach towards Russia to secure the ceasefire he promised when he took office after becoming really aligned with Ukraine, the U.S. leader's former special representative said on Thursday.
COP30 Brazilian presidency calls for new global climate governance
global_environment
05/08/2025
Story Text: The Brazilian presidency of COP30, this year's climate summit, called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter it released on Thursday.
UPDATE 4-North Korea fires short-range missiles possibly in performance test for export
us_news
05/08/2025
Story Text: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea's military said on Thursday, possibly to test the performance and stability of various projectiles intended for export.
RPT-EXCLUSIVE-US sanctions on China refiners over Iran oil disrupt operations, sources say
south_east_asia_business_news
05/08/2025
Story Text: Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer nL3N3QM0XA.
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
us_news
05/08/2025
Story Text: The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
Bill Gates to give away fortune by 2045, $200bn for world's poorest
uk_news
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.
Ambani's Reliance pulls trademark application for codename of Pakistan strikes
top_india
05/08/2025
Story Text: Asia's richest man Mukesh Ambani's film studio has withdrawn an application to trademark the codename for India's military strikes against Pakistan after a public and political uproar on social media against the move.
PIMCO sees heightened US recession risks, FT reports
U.S. MONEY
05/08/2025
Story Text: U.S. bond giant PIMCO said recession risks in the country are at their highest in years and that investors are misjudging President Donald Trump's resolve to enforce steep tariffs.
UPDATE 1-Merz, Trump agree on need to resolve trade disputes, Germany says
global_world
05/08/2025
Story Text: Germany's new chancellor, Friedrich Merz, and U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ agreed on the need to quickly resolve trade disputes in their first phone call since Merz took office earlier this week, a German government spokesperson said.
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of a trade deal between the United States and Britain, while sterling also strengthened nL8N3RG190 following an interest rate cut from the Bank of England.
SNAPSHOT-The latest developments in the India-Pakistan conflict
top_india
05/08/2025
Story Text: India struck https://www.reuters.com/world/asia-pacific/what-happened-indias-attack-pakistan-over-kashmir-tourists-killings-2025-05-07/ multiple locations in Pakistan this week after a deadly April 22 attack targeting Hindu tourists in Indian Kashmir https://www.reuters.com/world/india/kashmir-disputed-region-focus-after-deadly-militant-attack-2025-04-23/ that New Delhi blames https://www.reuters.com/world/asia-pacific/what-curbs-have-india-pakistan-imposed-each-other-after-kashmir-attack-2025-05-06/ on its Muslim neighbour.
UPDATE 1-Bitcoin retakes $100,000 on global trade deal optimism
us_economy
05/08/2025
Story Text: Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal https://www.reuters.com/world/us/us-uk-trade-deal-latest-trump-says-comprehensive-agreement-coming-2025-05-08/ between the United States https://www.reuters.com/world/us/ and the United Kingdom https://www.reuters.com/world/uk/ in a sign that perhaps U.S. President Donald Trump's https://www.reuters.com/world/us/donald-trump/ trade war with the rest of the world is easing.
UPDATE 1-Philippines, China trade accusations on South China Sea confrontation
ca_news
05/08/2025
Story Text: The Philippines and China gave conflicting versions on Thursday of a maritime confrontation around a contested shoal in the South China Sea, the latest incident in a longstanding dispute between the neighbours.
UPDATE 2-Pinterest's revenue forecast gets boost from AI ad tools, growing marketing spend
us_business
05/08/2025
Story Text: Pinterest <PINS.N> forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading.
EXCLUSIVE-US considering new ship registry in US Virgin Islands, sources say
ca_news
05/08/2025
Story Text: President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. Virgin Islands as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, according to four sources familiar with the matter.
UPDATE 4-Swedish central bank holds key rate, sees chance of cut ahead
uk_business
05/08/2025
Story Text: Sweden's central bank kept its key rate unchanged at 2.25% as expected on Thursday amid widespread uncertainty about how global trade tensions will affect the economy and inflation, but opened the door to rate cuts ahead.
INDIA BONDS-India bond yields up sharply as escalation in India-Pakistan conflict spooks traders
top_india
05/08/2025
Story Text: Indian government bond yields jumped on Thursday amid panic selling, and broke past a key technical level as escalating tensions with Pakistan rattled investor sentiment and prompted traders to offload holdings across the curve.
Malaysia's Capital A shareholders approve up to $1.4 billion capital reduction
south_east_asia_business_news
05/08/2025
Story Text: Shareholders and debtholders of Malaysia's Capital A <CAPI.KL> unanimously approved to undertake a capital reduction of up to 6 billion ringgit ($1.4 billion) at an extraordinary general meeting, the company said on Thursday.
Villagers evacuated from line of fire along India's border with Pakistan
top_india
05/08/2025
Story Text: Kalia Devi was among hundreds of fearful civilians evacuated before dawn from the line of fire along India's northwestern border with Pakistan as clashes between the two nuclear-armed arch-rivals intensified. L1N3RG03O
Story Text: Belgian chemicals group Solvay <SOLB.BR> warned of continued uncertainty in its main markets fuelled by U.S. President Donald Trump's tariffs, as it narrowed its 2025 adjusted core profit forecast, sending its shares down as much as 14% in early trade.
MFE does not expect to get majority stake in ProSiebenSat.1 with low-ball bid
uk_business
05/08/2025
Story Text: MFE-MediaForEurope <MFEB.MI>, controlled by Italy's Berlusconi family, said on Thursday it did not expect to get a majority stake in ProSiebenSat.1 <PSMGn.DE>, as it announced the start of the acceptance period for its low-ball offer.
UPDATE 3-Australia's ANZ flags market realignment from global trade shifts, posts flat earnings
ca_business
05/08/2025
Story Text: Australia's ANZ Group <ANZ.AX> reported largely flat first-half cash earnings on Thursday as competition pressured margins and a rise in impairments offset lending growth, while flagging that market activity is likely to realign due to global trade risks.
Japan's Nidec gives up hostile takeover of Makino Milling Machine
south_east_asia_business_news
05/08/2025
Story Text: Japan's Nidec Corp <6594.T> said on Thursday it was withdrawing its bid for Makino Milling Machine <6135.T>, giving up on its unsolicited takeover plan after Makino threatened to mount a poison pill takeover defence.
Ukraine to host foreign ministers to endorse 'special tribunal' for Russian leadership
ca_news
05/08/2025
Story Text: Ukraine will host a group of foreign ministers in Lviv on Friday to endorse the establishment of a special tribunal to prosecute the leadership of Russia, Belarus and North Korea for the crime of aggression against Ukraine https://www.reuters.com/world/ukraine-russia-war/, a senior Kyiv official said.
EUROPE POWER-German prompt price falls amid weak demand
uk_business
05/08/2025
Story Text: German spot electricity fell in the wholesale market on Thursday, with demand subdued due to a public holiday in France and ahead of the weekend.
CANADA STOCKS-TSX hits 5-week high on energy company earnings, trade optimism
ca_canada
05/08/2025
Story Text: Canada's main stock index rose to a five-week high on Thursday, as investors cheered corporate earnings as well as a limited bilateral trade deal nL1N3RG0BS between the U.S. and Britain that could signal an easing of tariff-related uncertainty.
UPDATE 1-EU approves 5 billion euro French scheme for wine exports to US
uk_business
05/08/2025
Story Text: The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday.
Cricket-Gill and Bumrah in race to succeed Rohit as India's test captain
global_sport
05/08/2025
Story Text: Top order batter Shubman Gill and pace spearhead Jasprit Bumrah are locked in a two-horse race to be India's next test captain following Rohit Sharma's exit https://www.reuters.com/sports/cricket/india-skipper-rohit-announces-retirement-tests-2025-05-07/.
Italy's Snam posts 8% rise in first-quarter core profits
rcom_energy
05/08/2025
Story Text: Italy's gas grid group Snam <SRG.MI>, which recently acquired a stake in Germany's fuel operator Open Grid Europe nL5N3QM0IV, reported on Thursday an 8% annual rise in its first-quarter adjusted core profit.
South Korean presidential candidate accuses party of pushing him out
south_east_asia_top_news
05/08/2025
Story Text: South Korea's right-wing presidential candidate Kim Moon-soo accused his party on Thursday of trying to force him out and threatened to take legal action just weeks ahead of a snap election slated for June 3.
UPDATE 1-US energy companies seek exemption from Trump plan to move LNG on US-built ships
rcom_energy
05/08/2025
Story Text: U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
UPDATE 1-Malawi central bank keeps key rate high to try to curb inflation
us_economy
05/08/2025
Story Text: Malawi's central bank kept its key lending rate at 26.0% <MWCBIR=ECI>, saying it felt its policy stance was tight enough despite fiscal risks and low agricultural output.
UPDATE 1-Ransomware group Lockbit appears to have been hacked, analysts say
TRNI-Data Privacy
05/08/2025
Story Text: The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.
Story Text: Lyft <LYFT.O> increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday, signaling steady demand for its ride-hailing services.
Gaza's Christians confident new Pope will give importance to enclave's peace
middle_east_top_news
05/08/2025
Story Text: Gaza's tiny Christian community said that they were happy about the election of a new leader of the Catholic Church on Thursday, adding they were also confident he would give importance to the war-torn enclave like his predecessor Pope Francis did.
Russia and China mark victory in WW2 as Ukraine war grinds on
ca_news
05/08/2025
Story Text: Russia marks the 80th anniversary of the Soviet Union's victory over Nazi Germany in World War Two on Friday with a military parade attended by China's Xi Jinping https://www.reuters.com/world/europe/putin-greets-chinas-xi-kremlin-2025-05-08/ that Moscow fears Ukraine will try to disrupt after three years of devastating war.
India New Issue-India Infrastructure Finance to issue 10-year bonds, bankers say
business
05/08/2025
Story Text: India Infrastructure Finance Company <IIFCL.UL> (IIFCL) plans to raise 20 billion rupees ($233.51 million), including a greenshoe option of 15 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
EXCLUSIVE-Under Trump, Saudi civil nuclear talks delinked from Israel recognition, sources say
uk_news
05/08/2025
Story Text: The United States is no longer demanding Saudi Arabia normalise ties with Israel as a condition for progress on civil nuclear cooperation talks L4N3R70XZ, two sources with knowledge of the matter told Reuters ahead of U.S. President Donald Trump's visit https://www.reuters.com/world/middle-east/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30/ next week.
UPDATE 2-EU sets out possible 95-billion-euro response to US tariffs
ca_news
05/08/2025
Story Text: The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.
US STOCKS SNAPSHOT-Wall St opens higher ahead of potential US-UK deal announcement
us_business
05/08/2025
Story Text: Wall Street's main indexes opened higher on Thursday on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks added to gains on the prospect of fewer export curbs on AI semiconductors.
UPDATE 2-UK's Next raises profit forecast but cautious on sales outlook
uk_domestic
05/08/2025
Story Text: British clothing retailer Next <NXT.L> nudged up its full year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, with a spell of warm weather boosting demand for summer ranges.
UPDATE 2-Philippines Q1 GDP grows slightly faster but lags expectations
us_economy
05/08/2025
Story Text: The Philippine economy expanded slightly faster in the first quarter even as growth lagged expectations, with household consumption and public spending underpinning momentum as the country faces rising external headwinds from U.S. tariffs.
INDIA STOCKS-Indian shares set for muted start amid India-Pakistan tensions
business
05/08/2025
Story Text: India's benchmark indexes are likely to open little changed on Thursday amid escalating tensions with neighbour Pakistan and as the U.S. Federal Reserve said that risks of higher inflation and unemployment have risen due to the global trade war.
The art of the possible: Britain settles for quick win in US trade deal
uk_business
05/08/2025
Story Text: Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win https://www.reuters.com/world/europe/us-britain-expected-announce-tariff-deal-thursday-2025-05-08/ instead.
CEE MARKETS-Zloty and Crown steady after cenbanks cut as expected
uk_business
05/08/2025
Story Text: The Polish and Czech currencies were steady on Thursday, after their central banks cut interest rates as expected, with the crown trading at its strongest level since March.
EXPLAINER-Republicans weigh cuts to Medicaid that could dramatically affect millions
us_usreport
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/world/us/donald-trump/'s fellow Republicans in the U.S. Congress are weighing steep cuts to the Medicaid health program as part of a wide-ranging budget package https://www.reuters.com/world/us/us-house-republicans-wrestle-with-trump-tax-cuts-medicaid-needs-2025-04-28/ that also would cut taxes and raise spending on defense and border security.
UPDATE 1-India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
top_india
05/08/2025
Story Text: The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
business
05/08/2025
Story Text: Coal India <COAL.NS> will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
INDIA STOCKS-Indian shares set for muted start amid India-Pakistan tensions
top_india
05/08/2025
Story Text: India's benchmark indexes are likely to open little changed on Thursday amid escalating tensions with neighbour Pakistan and as the U.S. Federal Reserve said that risks of higher inflation and unemployment have risen due to the global trade war.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
UPDATE 8-Ukraine says Russia violating its own 3-day ceasefire, calls it a 'farce'
us_news
05/08/2025
Story Text: Ukraine's foreign minister said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a farce , while Moscow said Kyiv had continued fighting.
UPDATE 6-Apple's plan to offer AI search options on Safari a blow to Google dominance
global_technology
05/08/2025
Story Text: Apple's plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search engine.
Italy's Target2 debt hits more than 8-year low in April
uk_business
05/08/2025
Story Text: Italy's liabilities towards other euro zone central banks in April hit their lowest level since January 2017, central bank data showed on Thursday, in a sign of healthy appetite from foreign investors for the government bonds of the euro zone's third-largest economy.
UPDATE 1-Rubio urges India and Pakistan to de-escalate, backs direct dialogue
south_east_asia_top_news
05/08/2025
Story Text: Secretary of State Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with Indian External Affairs Minister Subrahmanyam Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, U.S. State Department spokesperson Tammy Bruce said.
UPDATE 4-Instacart CEO Fidji Simo to join OpenAI as head of applications
TRNI-Corporate Governance
05/08/2025
Story Text: Instacart <CART.O> head Fidji Simo will step down to join OpenAI as its chief of applications, CEO and co-founder Sam Altman said on Thursday, adding she will report to him and that he will remain head of the Microsoft-backed ChatGPT maker.
Story Text: The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
EXCLUSIVE-Under Trump, Saudi civil nuclear talks delinked from Israel recognition, sources say
us_news
05/08/2025
Story Text: The United States is no longer demanding Saudi Arabia normalise ties with Israel as a condition for progress on civil nuclear cooperation talks L4N3R70XZ, two sources with knowledge of the matter told Reuters ahead of U.S. President Donald Trump's visit https://www.reuters.com/world/middle-east/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30/ next week.
UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway
uk_business
05/08/2025
Story Text: Britain will sanction up to 100 oil tankers from Russia's so-called shadow fleet https://www.reuters.com/world/europe/western-nations-agree-disrupt-deter-russia-shadow-fleet-estonia-says-2024-12-16/, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday.
CANADA STOCKS-TSX hits 5-week high on energy company earnings, trade optimism
ca_business
05/08/2025
Story Text: Canada's main stock index rose to a five-week high on Thursday, as investors cheered corporate earnings as well as a limited bilateral trade deal nL1N3RG0BS between the U.S. and Britain that could signal an easing of tariff-related uncertainty.
UPDATE 1-Apple asks US appeals court to pause ruling in Epic Games case
trni_appellate
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
Story Text: (The Insurer) - SiriusPoint has promoted Chris Fenn to global head of marine and made two additional strategic appointments to bolster its marine capabilities, the company said on Thursday.
RPT-EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
uk_news
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
Story Text: Norway's biggest utility, state-owned Statkraft, reported on Thursday a drop in underlying operating profit for the first quarter, citing lower power prices.
UPDATE 1-Salvage to begin in Italy this month for Lynch's yacht after fatal sinking
ca_news
05/08/2025
Story Text: The recovery of British tech tycoon Mike Lynch https://www.reuters.com/world/europe/obituary-mike-lynch-british-tech-trailblazer-who-died-sea-after-us-trial-2024-08-22/'s superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable https://www.reuters.com/world/europe/indescribable-crew-errors-led-sicily-shipwreck-yacht-maker-says-2024-08-22/ vessel disappeared into the sea https://www.reuters.com/world/europe/what-we-know-about-sinking-superyacht-off-sicily-2024-08-20/ last August.
Story Text: U.S. worker productivity dropped in the first quarter for the first time in nearly three years, resulting in a surge in labor costs that could squeeze margins for businesses at a time when they are facing rising costs from tariffs.
UPDATE 3-Trump asks US Supreme Court to allow revocation of migrants' legal status
ca_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration asked the U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ on Thursday to intervene in its bid to revoke the temporary legal status granted by his predecessor Joe Biden https://www.reuters.com/topic/person/joe-biden/ to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the United States.
UPDATE 1-North Korea's Kim Jong Un leads missile test, stresses nuclear force readiness, KCNA says
global_world
05/08/2025
Story Text: North Korean leader Kim Jong Un supervised a test of a short-range ballistic missile and long-range artillery on Thursday and stressed the importance of combat readiness of the country's nuclear forces, state media reported on Friday.
UPDATE 4-ConocoPhillips warns weak prices may trigger output cuts in oil industry
us_business
05/08/2025
Story Text: ConocoPhillips <COP.N> beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry.
Italy's Leonardo posts 12.2% jump in first-quarter EBITA
uk_business
05/08/2025
Story Text: Italy's Leonardo <LDOF.MI> reported a 12.2% jump in first-quarter earnings before interest, tax and amortisation (EBITA) to 211 million euros ($238.58 million) on Thursday, boosted by volume growth and increased profitability compared with the same period last year.
Apple asks US appeals court to pause ruling in Epic Games case
trni_antitrust
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
QUOTES-Bank of England policymakers speak after rate cut
uk_business
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
US tariff uncertainty weighs on Infineon's revenue outlook
uk_business
05/08/2025
Story Text: German chipmaker Infineon Technologies <IFXGn.DE> reported stable order intake on Thursday but lowered its full-year revenue outlook due to uncertainty over global tariff disputes.
UK wealth manager Rathbones seeks cost controls as volatile markets pose risks
uk_business
05/08/2025
Story Text: British wealth manager Rathbones <RAT.L>, on Thursday, reported net outflows and a fall in funds under management for the first quarter and said it would control costs to shield its profit from sustained market volatility.
Australian shares reverse course to end higher on Trump's trade deal announcement
ca_business
05/08/2025
Story Text: Australian shares recouped the session's earlier losses to end higher on Thursday, buoyed by U.S. President Donald Trump's hint at a first trade deal in his global tariff war, while a lukewarm earnings update from ANZ Group dragged banks lower.
UPDATE 2-'Deglobalisation' is an opportunity, Acerinox says
uk_business
05/08/2025
Story Text: Spanish steelmaker Acerinox <ACX.MC> said on Thursday it expects to benefit from deglobalisation and increased trade barriers, though tariff-related uncertainties hurt the company's first-quarter results.
UPDATE 2-South Korea presidential hopefuls square off over conservative candidacy
south_east_asia_top_news
05/08/2025
Story Text: South Korean presidential hopefuls Kim Moon-soo and former Prime Minister Han Duck-soo clashed on Thursday during a meeting to discuss merging their campaigns in order to field a single conservative candidate to contest the upcoming election.
UPDATE 1-India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
global_technology
05/08/2025
Story Text: The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.
US STOCKS-Wall Street gains as first trade deal reached
uk_business
05/08/2025
Story Text: U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Israel's Quantum Machines partners with Alice & Bob in Paris quantum lab
global_technology
05/08/2025
Story Text: Israeli startup Quantum Machines said on Thursday it would partner with French tech startup Alice & Bob in an advanced quantum computing laboratory in Paris.
Prosus expects annual e-commerce profit to beat $400 million guidance
uk_business
05/08/2025
Story Text: Dutch technology investor Prosus NV <PRX.AS> expects adjusted profit at its e-commerce business to exceed its guidance and reach $435 million this fiscal year, Chief Executive Fabricio Bloisi said on Thursday.
QUOTES-Bank of England policymakers speak after rate cut
us_economy
05/08/2025
Story Text: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Soccer-PSG victory over Arsenal triggers night of disorder in Paris
uk_news
05/08/2025
Story Text: Some 47 people were arrested in Paris and three others were injured after being struck by a car late on Wednesday, said French police, after Paris St Germain's victory over Arsenal which secured their place in the Champions League final.
Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push
us_business
05/08/2025
Story Text: Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
global_world
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Proxy advisor opposes Holcim chairman's $58 million compensation package
TRNI-Corporate Governance
05/08/2025
Story Text: Proxy advisor Ethos has called on Holcim shareholders <HOLN.S> to reject the company's remuneration proposals, saying Chairman Jan Jenisch's estimated 48 million Swiss franc ($58 million) compensation realised in 2024 would make him the highest-paid manager among Swiss blue-chip companies.
Story Text: (The Insurer) - Market participants reacted positively to the news of Patrick Tiernan's appointment as CEO of Lloyd's on Thursday, with the Lloyd's Market Association (LMA) calling for the Corporation's new leadership to maintain ruthless discipline on underwriting.
Iran's foreign minister repeats call for restraint in India-Pakistan standoff
global_world
05/08/2025
Story Text: Iran's Foreign Minister Abbas Araqchi called for restraint between India and Pakistan upon landing in New Delhi on Thursday, state media reported, a day after India targeted https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ what it says are “terrorist camps” in Pakistan in retaliation for a deadly attack on tourists https://www.reuters.com/world/india/one-killed-seven-injured-militant-attack-indias-kashmir-india-today-tv-says-2025-04-22/ in Kashmir last month.
Chinese companies line up to sell 'innovation bonds', capitalising on Beijing's technology push
global_technology
05/08/2025
Story Text: Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds.
South Korean presidential frontrunner says US risks isolation with tariffs
ca_news
05/08/2025
Story Text: South Korea's presidential frontrunner said Seoul should not rush a trade deal with the United States and called for a coordinated response with other countries to U.S. tariffs, arguing that Washington risked isolation with its policy.
Banks drag Australian shares lower after ANZ reports flat half-year earnings
us_business
05/08/2025
Story Text: Australian shares slipped on Thursday, dragged by banks, after lender ANZ Group reported flat first-half cash earnings and flagged margin pressures due to high interest rates and living costs.
UPDATE 2-Israel mounts heavy airstrikes in south Lebanon
uk_news
05/08/2025
Story Text: Israel launched dozens of airstrikes in south Lebanon on Thursday, in one of its heaviest bombardments of the region since a ceasefire ended last year's war with the Iran-backed Hezbollah. https://www.reuters.com/world/middle-east/what-is-hezbollah-group-backing-hamas-against-israel-2024-02-15/
UPDATE 1-Snam posts rise in first quarter core profit, confident on Italy's gas storage
rcom_energy
05/08/2025
Story Text: Italy's gas grid group Snam <SRG.MI>, which recently acquired a stake in Germany's fuel operator Open Grid Europe nL5N3QM0IV, reported on an 8% annual rise in its first-quarter adjusted core profit on Thursday.
UPDATE 2-Malaysia keeps rates steady, cuts reserve requirement ratio as growth outlook dims
us_economy
05/08/2025
Story Text: Malaysia's central bank kept its benchmark interest rate <MYINTR=ECI> steady on Thursday but warned of weaker economic growth due to trade https://www.reuters.com/business/tariffs/ tensions, which analysts say will lead to rate cuts later in the year.
ANALYSIS-Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law
business
05/08/2025
Story Text: A decision by India's Supreme Court to quash https://www.reuters.com/world/india/top-indian-court-scraps-jsw-steels-bid-acquire-bhushan-power-cnbc-tv18-reports-2025-05-02/ a $2.3-billion steel industry deal six years after an insolvency tribunal approved it has unsettled buyers of distressed assets, throwing a shadow over one of the country's biggest reforms.
EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
uk_news
05/08/2025
Story Text: With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters.
UPDATE 1-Malawi central bank keeps key rate high to try to curb inflation
business_news
05/08/2025
Story Text: Malawi's central bank kept its key lending rate at 26.0% <MWCBIR=ECI>, saying it felt its policy stance was tight enough despite fiscal risks and low agricultural output.
UPDATE 1-StanChart says its trade business resilient to Trump tariff disruption
ca_business
05/08/2025
Story Text: Standard Chartered <STAN.L> on Thursday sought to reassure investors that its business can cope with disruption to global trade after pressure on the trade-focused bank's share price following U.S. President Donald Trump's tariffs announcements.
CORRECTED-UK's Reeves faces pressure to hike taxes again as economy stumbles, think-tank says
us_economy
05/08/2025
Story Text: British finance minister Rachel Reeves looks set to miss her budget targets again, in part due to the economic growth hit from her tax increase on employers, raising the prospect of more tax hikes later this year, a think-tank said on Thursday.
Sorrell's ad group S4 Capital posts 11% fall in first-quarter revenue
uk_business
05/08/2025
Story Text: Martin Sorrell's ad group S4 Capital <SFOR.L> reported an 11.4% drop in first-quarter revenue on Thursday as its clients in the technology sector prioritised spending on artificial intelligence over marketing.
UPDATE 1-Trump calls for 30-day Russia-Ukraine ceasefire, warns of more sanctions
us_news
05/08/2025
Story Text: U.S. President Donald Trump called on Thursday for a 30-day unconditional ceasefire between Russia and Ukraine, warning that Washington and its partners would impose further sanctions if the ceasefire is not respected.
US STOCKS-Wall Street rallies as first trade deal reached
us_news
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
EMERGING MARKETS-Brazilian real jumps following rate hike; US-UK deal spurs global sentiment
us_economy
05/08/2025
Story Text: Brazil's currency jumped on Thursday following an overnight interest rate hike by its central bank, while U.S. President Donald Trump's fresh trade agreement with Britain to lower tariffs relieved global markets.
Tennis-Osaka inspired by Agassi's comeback as she embraces clay court grind
north_american_sports
05/08/2025
Story Text: Four times Grand Slam champion Naomi Osaka said this year's clay court swing feels different as she enters it with momentum, having picked up wins and confidence in the recent weeks.
UPDATE 1-India's Titan posts higher quarterly profit on strong demand for premium jewellery, gold coins
top_india
05/08/2025
Story Text: Indian watchmaker Titan <TITN.NS> reported a nearly 13% rise in fourth-quarter profit on Thursday as demand for premium jewellery and gold coins from affluent customers remained resilient despite higher bullion prices.
UPDATE 2-Near-record US container import streak expected to snap in May due to tariffs
ca_business
05/08/2025
Story Text: U.S. container imports surged in April as companies raced to avoid President Donald Trump's tariffs, which now include a 145% duty on goods from China, but executives at the country's two busiest ports said the trend looked set to reverse in May.
UPDATE 1-US energy companies seek exemption from Trump plan to move LNG on US-built ships
us_business
05/08/2025
Story Text: U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
middle_east_top_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established super-group of Southeast Asian and Arab nations which Beijing hopes to rally against Washington's tariffs, two sources told Reuters.
UPDATE 2-Hamas says it is engaged in 'fierce fighting' in Gaza's Rafah
us_news
05/08/2025
Story Text: Hamas militants were engaged in fierce fighting with Israeli soldiers on Thursday in the south of the Gaza Strip near Rafah, the Palestinian militant group said.
Europe Distillates-Diesel refinery profit margins inch up as ARA stocks fall
uk_business
05/08/2025
Story Text: European diesel refining margins edged up by 21 cents on Thursday, as ARA stocks dropped slightly, according to Dutch consultancy Insights Global.
Story Text: The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
FTX lawsuit against Tom Brady, Stephen Curry, Shohei Ohtani, others is narrowed
trni_bankruptcy
05/08/2025
Story Text: A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX.
US STOCKS-Wall Street rallies as first trade deal reached
uk_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Starmer hails second trade win in a week after UK's tariff deal with Trump
uk_domestic
05/08/2025
Story Text: British Prime Minister Keir Starmer on Thursday secured a second trade pact in three days through a deal with U.S. President Donald Trump, claiming a much-needed political victory that removes a threat to some of the UK's must vulnerable industrial sectors.
Story Text: Democrats have asked the Wisconsin Supreme Court to invalidate the state's congressional map as illegally advantageous to Republicans, a move that if successful could help determine which party controls the U.S. House of Representatives after next year's midterm elections.
UPDATE 3-Coinbase quarterly profit falls as expenses climb, shares down
us_business
05/08/2025
Story Text: Crypto exchange Coinbase <COIN.O> reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 3% in extended trading.
UPDATE 1-PIMCO sees heightened US recession risks, FT reports
U.S. MONEY
05/08/2025
Story Text: U.S. bond giant PIMCO told the Financial Times that recession risks are at their highest in years and warned investors may be underestimating President Donald Trump's resolve to restore the steep tariffs that roiled markets last month.
Belgian minister says partners could pool risk to keep Russian assets frozen
uk_news
05/08/2025
Story Text: Western governments should make legal commitments to pool the risk of keeping Russian central bank assets frozen if European Union sanctions are no longer in place, Belgian Foreign Minister Maxime Prevot told Reuters on Thursday.
UPDATE 1-Talen Energy mulls options to supply data centers after Amazon setback
global_technology
05/08/2025
Story Text: Talen Energy <TLN.O> is considering alternative arrangements to supply electricity to data centers after regulators pushed back https://www.reuters.com/business/energy/us-regulators-reject-amended-interconnect-agreement-amazon-data-center-2024-11-02/ on a plan to fuel an Amazon data center directly from Talen's Pennsylvania nuclear power plant, executives with the U.S. power company said on Thursday.
UPDATE 2-Cable maker Prysmian core profit tops forecast on transmission business, Encore buy
uk_business
05/08/2025
Story Text: Prysmian <PRY.MI>, the world's largest cable maker, beat forecasts on Thursday with a 28% jump in first-quarter core profit, supported by its transmission business and last year's acquisition of Encore Wire https://www.reuters.com/markets/deals/prysmian-acquire-encore-about-42-bln-2024-04-15/.
UPDATE 2-EU sets out possible 95-billion-euro response to US tariffs
uk_business
05/08/2025
Story Text: The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.
REFILE-UPDATE 1-Pakistan's US ambassador says India, Pakistan have had contact at national security level
top_india
05/08/2025
Story Text: Pakistan's ambassador to the U.S. said on Thursday that India and Pakistan have had contacts at the level of their respective National Security Councils, when asked if the nuclear-armed Asian neighbors had any ongoing lines of conversation.
Near-record US container import streak expected to snap in May due to tariffs
ca_business
05/08/2025
Story Text: U.S. container imports surged in April as companies raced to avoid President Donald Trump's tariffs, which now include a 145% duty on goods from China, but executives at the country's two busiest ports said the trend looked set to reverse in May.
Kennedy defends new surgeon general pick from MAGA backlash
us_usreport
05/08/2025
Story Text: U.S. Health Secretary Robert F. Kennedy Jr. defended new surgeon general pick Casey Means on Thursday from attacks from influential far-right activist Laura Loomer, whose critiques of Trump administration officials have preceded their ouster.
UPDATE 11-Prevost surprises as first US pope, takes name Leo XIV
global_world
05/08/2025
Story Text: Cardinal Robert Prevost, a long-time missionary in Latin America, was elected as the surprise choice to be the new leader of the Catholic Church https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ on Thursday, becoming the first U.S. pope and taking the name Leo XIV.
UPDATE 1-Apple asks US appeals court to pause ruling in Epic Games case
ca_business
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
UPDATE 1-Heidelberg Materials beats Q1 expectations on strong Africa business
uk_business
05/08/2025
Story Text: Heidelberg Materials <HEIG.DE>, the world's second-biggest cement maker, on Thursday reported forecast-beating first-quarter sales and profits and confirmed its outlook, citing strong growth in Africa.
US and Britain expected to announce tariff deal on Thursday
us_news
05/08/2025
Story Text: The United States and Britain are expected to announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump https://www.reuters.com/business/tariffs/ imposed levies on countries around the world.
Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
south_east_asia_business_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established super-group of Southeast Asian and Arab nations which Beijing hopes to rally against Washington's tariffs, two sources told Reuters.
Soccer-Football Australia chief executive Johnson resigns
global_sport
05/08/2025
Story Text: Football Australia Chief Executive James Johnson, who led the country's bid for and successful hosting of the 2023 Women's World Cup, has resigned, the governing body said on Thursday.
US court shuts down AstraZeneca's challenge to Medicare drug price plan
trni_appellate
05/08/2025
Story Text: A federal appeals court on Thursday shut down AstraZeneca’s challenge to the U.S. government’s program that gives the Medicare health insurance plan the power to negotiate lower drug prices.
UPDATE 2-EU sets out possible 95-billion-euro response to US tariffs
us_news
05/08/2025
Story Text: The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.
Ambani's Reliance pulls trademark application for codename of Pakistan strikes
business
05/08/2025
Story Text: Asia's richest man Mukesh Ambani's film studio has withdrawn an application to trademark the codename for India's military strikes against Pakistan after a public and political uproar on social media against the move.
UPDATE 1-China lifts suspension on five Brazilian soy exporters ahead of Lula visit
ca_news
05/08/2025
Story Text: China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday.
UPDATE 4-North Korea fires short-range missiles possibly in performance test for export
uk_news
05/08/2025
Story Text: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea's military said on Thursday, possibly to test the performance and stability of various projectiles intended for export.
UPDATE 1-India's Titan posts higher quarterly profit on strong demand for premium jewellery, gold coins
business
05/08/2025
Story Text: Indian watchmaker Titan <TITN.NS> reported a nearly 13% rise in fourth-quarter profit on Thursday as demand for premium jewellery and gold coins from affluent customers remained resilient despite higher bullion prices.
Rheinmetall, ICEYE in initial agreement to form satellite joint venture
uk_business
05/08/2025
Story Text: German defence contractor Rheinmetall <RHMG.DE> said on Thursday it agreed with Finland-based satellite operator ICEYE to form a joint venture for satellite production.
US STOCKS-US stock futures climb on hopes of first trade deal since tariff pause
us_economy
05/08/2025
Story Text: U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.
UPDATE 3-Australia's ANZ flags market realignment from global trade shifts, posts flat earnings
us_business
05/08/2025
Story Text: Australia's ANZ Group <ANZ.AX> reported largely flat first-half cash earnings on Thursday as competition pressured margins and a rise in impairments offset lending growth, while flagging that market activity is likely to realign due to global trade risks.
Brewers confident of growth despite tariffs threat to sales
us_business
05/08/2025
Story Text: European beer makers remain confident about their growth potential despite U.S. tariffs https://www.reuters.com/business/tariffs/ posing some threat to sales and investors see the companies as a relatively safe haven in an intensifying global trade war.
EU countries want red tape cut in energy laws, draft shows
uk_business
05/08/2025
Story Text: European Union countries want to include energy policies in the bloc's efforts to slash red tape for struggling industries, according to draft conclusions for a summit of EU energy ministers next month seen by Reuters.
UPDATE 1-US court shuts down AstraZeneca's challenge to Medicare drug price plan
trni_appellate
05/08/2025
Story Text: A federal appeals court on Thursday shut down AstraZeneca’s challenge to the U.S. government’s program that gives the Medicare health insurance plan the power to negotiate lower drug prices.
UPDATE 2-Malaysia keeps rates steady, cuts reserve requirement ratio as growth outlook dims
south_east_asia_business_news
05/08/2025
Story Text: Malaysia's central bank kept its benchmark interest rate <MYINTR=ECI> steady on Thursday but warned of weaker economic growth due to trade https://www.reuters.com/business/tariffs/ tensions, which analysts say will lead to rate cuts later in the year.
UPDATE 1-Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
uk_news
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
Canadian Natural Resources beats first-quarter profit estimates
ca_business
05/08/2025
Story Text: Canadian Natural Resources <CNQ.TO> beat analysts' estimates for first-quarter profit on Thursday as it benefited from higher oil and natural gas production.
ANALYSIS-Scarred UK assets soothed by US trade pact, BoE rate cuts
us_economy
05/08/2025
Story Text: Investors are betting on long-depressed UK markets as a U.S. trade deal nL1N3RG0BS, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar.
UPDATE 1-Trump calls for 30-day Russia-Ukraine ceasefire, warns of more sanctions
ca_news
05/08/2025
Story Text: U.S. President Donald Trump called on Thursday for a 30-day unconditional ceasefire between Russia and Ukraine, warning that Washington and its partners would impose further sanctions if the ceasefire is not respected.
UPDATE 1-New Zealand plans to boost capital spending for key sectors in budget
us_economy
05/08/2025
Story Text: New Zealand Prime Minister Christopher Luxon said on Thursday the government plans to increase total capital expenditure allocated in its upcoming budget, boosting investment in health, education, defence and transport portfolios.
UPDATE 1-US says solution for Gaza aid is 'steps away' as aid groups raise alarm
global_world
05/08/2025
Story Text: The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was steps away and an announcement was coming shortly, as the aid community expressed skepticism that the plan would bring relief to the enclave's conflict-ravaged population.
UPDATE 5-'Friends of steel': Xi and Putin pledge to stand together against US
us_news
05/08/2025
Story Text: Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be friends of steel , as they pledged to raise cooperation to a new level and decisively counter the influence of the United States.
UPDATE 5-Canadian Natural reports first-quarter profit beat and record oil and gas output
ca_news
05/08/2025
Story Text: Canadian Natural Resources Ltd <CNQ.TO>, the country's largest oil producer, reported a better-than-expected first-quarter profit and record production on Thursday, helped by stronger Canadian heavy crude prices that persist in the wake of the opening of additional pipeline export capacity last year.
EMERGING MARKETS-Malaysia's ringgit leads Asian FX losses ahead of BNM rate decision
us_economy
05/08/2025
Story Text: The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank's expected rate pause, while the greenback stabilised after the U.S. Federal Reserve maintained its benchmark interest rate.
Story Text: Packaging firm Mondi <MNDI.L> reported a sequential increase in first-quarter profit on Thursday, as cost cuts and fewer maintenance shutdowns helped offset the industry-wide subdued demand, and said the direct impact of tariffs was limited.
Mali pressed to pay 'enormous' debt for regional dam, document says
business_news
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
US STOCKS SNAPSHOT-US stock indexes extend gains after Trump announces UK trade deal
uk_business
05/08/2025
Story Text: U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, his first since he paused tariffs in April.
UPDATE 2-India's Asian Paints expects worst demand in decades to persist
top_india
05/08/2025
Story Text: India's Asian Paints <ASPN.NS> said on Thursday demand conditions were at their worst in decades and unlikely to improve in the near term, as the market leader grapples with rising competition and weak buyer spending.
UPDATE 2-UK's Next raises profit forecast but cautious on sales outlook
uk_business
05/08/2025
Story Text: British clothing retailer Next <NXT.L> nudged up its full year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, with a spell of warm weather boosting demand for summer ranges.
UPDATE 4-North Korea fires short-range missiles possibly in performance test for export
ca_news
05/08/2025
Story Text: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea's military said on Thursday, possibly to test the performance and stability of various projectiles intended for export.
FACTBOX-Major cases involving Trump before the US Supreme Court
us_news
05/08/2025
Story Text: The U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ has acted in a series of cases involving challenges to executive orders signed by President Donald Trump https://www.reuters.com/topic/person/donald-trump/ and actions by his administration since he returned to office in January. Cases at the court have involved deportations, protected status for certain migrants, Trump's transgender military ban, his move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials, cuts to teacher training grants, payments to foreign aid organizations and access to Social Security data.
Story Text: Bank of England Governor Andrew Bailey said on Thursday he welcomed news that Britain was poised to strike a trade deal with the United States, saying it will help reduce uncertainty.
UPDATE 3-Bank of England cuts rates in split decision before US tariff deal
uk_business
05/08/2025
Story Text: The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
UPDATE 1-Taiwan April exports jump 30% ahead of U.S. tariffs, strong H1 seen
south_east_asia_business_news
05/08/2025
Story Text: Taiwan's exports rose more than expected in April as customers stockpiled the island's high-tech products before any U.S. tariffs https://www.reuters.com/business/tariffs/ take effect, which could drive first-half exports to a new high.
Ukraine, allies discuss ways to pressure Russia into 30-day ceasefire
global_world
05/08/2025
Story Text: Ukraine has discussed ways to pressure Russia into agreeing to a 30-day ceasefire https://www.reuters.com/world/what-is-us-ukraine-proposed-30-day-ceasefire-deal-about-2025-03-12/ with U.S., French, British and German senior officials, President Volodymyr Zelenskiy's top aide said on Thursday, part of a flurry of diplomacy to try to end the war.
Coal India to set up $3 billion worth clean energy projects to boost renewable heft
top_india
05/08/2025
Story Text: Coal India <COAL.NS> will set up clean energy projects of around 4.5 gigawatts at a cost of 250 billion rupees (about $3 billion), it said on Thursday, as it aims to achieve net zero carbon emissions from its operations.
Indian tractor maker Escorts Kubota reports higher fourth-quarter profit
top_india
05/08/2025
Story Text: India's Escorts Kubota <ESCO.NS> reported a higher fourth-quarter profit on Thursday as strong demand for tractors helped offset a decline in construction vehicles.
EU clears final hurdle for softer car CO2 emission targets
uk_business
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
UPDATE 4-Warner Bros Discovery moving towards splitting company, CNBC reports
ca_business
05/08/2025
Story Text: Warner Bros Discovery <WBD.O> is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their faster-growing streaming and studios divisions.
Paramount beats quarterly revenue on direct-to-consumer growth
ca_business
05/08/2025
Story Text: Paramount Global <PARA.O> beat Wall Street estimates for first-quarter revenue on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses.
EXCLUSIVE-Under Trump, Saudi civil nuclear talks delinked from Israel recognition, sources say
ca_news
05/08/2025
Story Text: The United States is no longer demanding Saudi Arabia normalise ties with Israel as a condition for progress on civil nuclear cooperation talks L4N3R70XZ, two sources with knowledge of the matter told Reuters ahead of U.S. President Donald Trump's visit https://www.reuters.com/world/middle-east/trump-planning-visit-saudi-arabia-mid-may-axios-reports-2025-03-30/ next week.
Near-record US container import streak expected to snap in May due to tariffs
us_business
05/08/2025
Story Text: U.S. container imports surged in April as companies raced to avoid President Donald Trump's tariffs, which now include a 145% duty on goods from China, but executives at the country's two busiest ports said the trend looked set to reverse in May.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 3-Norway holds policy rate steady at 4.5%, eyes cut by year-end
us_economy
05/08/2025
Story Text: Norway's central bank kept interest rates on hold at a 17-year high of 4.50% on Thursday, as unanimously predicted nL8N3R91PO by analysts, reflecting a resurgence of inflation that has prevented policy-makers from cutting borrowing costs.
ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
south_east_asia_top_news
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
China, HK stocks hover near 1-month highs as Beijing's stimulus soothes trade anxiety
south_east_asia_business_news
05/08/2025
Story Text: China and Hong Kong stocks flirted with one-month highs on Thursday, recovering ground lost since U.S. President Donald Trump's Liberation Day tariffs last month, as Beijing's rate cuts and stimulus https://www.reuters.com/markets/asia/china-central-bank-governor-says-will-cut-banks-reserve-requirement-ratio-2025-05-07/ measures helped calm trade concerns.
UPDATE 4-Instacart CEO Fidji Simo to join OpenAI as head of applications
TRNI-Corporate Counsel
05/08/2025
Story Text: Instacart <CART.O> head Fidji Simo will step down to join OpenAI as its chief of applications, CEO and co-founder Sam Altman said on Thursday, adding she will report to him and that he will remain head of the Microsoft-backed ChatGPT maker.
Taiwan president marks World War Two anniversary, warning indulging aggressors only whets appetite for expansion
global_world
05/08/2025
Story Text: Taiwan and Europe face the same threat from authoritarianism, President Lai Ching-te said on Thursday, marking 80 years since the end of World War Two in Europe and warning that indulging aggressors only whets their appetite for expansion.
UPDATE 1-EU clears final hurdle for softer car CO2 emission targets
uk_business
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
UPDATE 1-Malawi central bank keeps key rate high to try to curb inflation
top_news
05/08/2025
Story Text: Malawi's central bank kept its key lending rate at 26.0% <MWCBIR=ECI>, saying it felt its policy stance was tight enough despite fiscal risks and low agricultural output.
QUOTES-Bank of England policymakers speak after rate cut
us_business
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
Basketball-Bird embraces global growth in new U.S. leadership role
north_american_sports
05/08/2025
Story Text: Five-time Olympic basketball champion Sue Bird said she would draw on experience to help the U.S. women's national team maintain their dominance amid growing talent worldwide, as she becomes their first-ever managing director.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
TRNI-Civil Rights
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
UPDATE 2-Cable maker Prysmian core profit tops forecast on transmission business, Encore buy
us_business
05/08/2025
Story Text: Prysmian <PRY.MI>, the world's largest cable maker, beat forecasts on Thursday with a 28% jump in first-quarter core profit, supported by its transmission business and last year's acquisition of Encore Wire https://www.reuters.com/markets/deals/prysmian-acquire-encore-about-42-bln-2024-04-15/.
US STOCKS-Wall St rises after US-Britain trade deal boosts market confidence
ca_business
05/08/2025
Story Text: Wall Street's main indexes climbed more than 1% each on Thursday as investors assessed a new trade agreement between the United States and Britain, the first such trade deal the U.S. has signed after President Donald Trump paused tariffs last month.
Australian shares reverse course to end higher on Trump's trade deal announcement
uk_business
05/08/2025
Story Text: Australian shares recouped the session's earlier losses to end higher on Thursday, buoyed by U.S. President Donald Trump's hint at a first trade deal in his global tariff war, while a lukewarm earnings update from ANZ Group dragged banks lower.
Story Text: (The Insurer) - Lloyd's is looking into allegations by several carriers and brokers that UK-based HISL Brokers incorrectly claimed to have trading relationships with them when marketing a newly launched insurance facility.
UPDATE 1-Enel focuses on share buyback, Italian licence after steady Q1
rcom_energy
05/08/2025
Story Text: Enel <ENEI.MI> is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, the utility's management said on Thursday after steady first-quarter results.
RPT-US tariffs, Europe slowdown reshape global solar panels trade
south_east_asia_business_news
05/08/2025
Story Text: Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.
UPDATE 1-Thailand to shortlist central bank chief candidates by July 2, official says
south_east_asia_business_news
05/08/2025
Story Text: A Thai selection committee plans to shortlist candidates to be the next central bank chief by July 2, an official said on Thursday, ahead of the end of incumbent Governor Sethaput Suthiwartnarueput https://www.reuters.com/markets/asia/thailands-economy-may-underperform-weak-consumption-warns-central-bank-chief-2025-01-30/'s five-year term in September.
Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture
ca_news
05/08/2025
Story Text: Republican hopes of making all of President Donald Trump https://www.reuters.com/world/us/donald-trump/'s 2017 tax cuts permanent are in jeopardy in Congress, as lawmakers struggle to agree on how to pay for them and Trump's trade war and immigration crackdown dim the prospect of economic growth.
Morocco to invest $760 mln in disaster response stockpiling
global_oddly_enough
05/08/2025
Story Text: Morocco plans to spend 7 billion dirhams ($760 million) on storage platforms across the country to stockpile necessities in immediate response to potential disasters, state media said.
UPDATE 3-Trump selects Fox News host Jeanine Pirro as D.C.'s interim US attorney
ca_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/ on Thursday appointed Fox News host Jeanine Pirro to serve as Washington, D.C.'s interim U.S. attorney, after Ed Martin https://www.reuters.com/world/us/trump-pick-washington-dc-prosecutor-wont-get-senate-vote-before-deadline-source-2025-05-06/, the current interim job holder and Trump's first pick to hold the job on a permanent basis, failed to garner enough support to advance in the U.S. Senate.
IPO-bound LG Electronics India begins work on new $600 million plant
business
05/08/2025
Story Text: LG Electronics India has begun construction on its third plant in the country, the company and India's Andhra Pradesh state government, where the facility is located, said on Thursday.
UPDATE 3-Bank of England cuts rates in split decision before US tariff deal
ca_business
05/08/2025
Story Text: The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
UPDATE 3-Trump selects Fox News host Jeanine Pirro as D.C.'s interim US attorney
us_usreport
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/ on Thursday appointed Fox News host Jeanine Pirro to serve as Washington, D.C.'s interim U.S. attorney, after Ed Martin https://www.reuters.com/world/us/trump-pick-washington-dc-prosecutor-wont-get-senate-vote-before-deadline-source-2025-05-06/, the current interim job holder and Trump's first pick to hold the job on a permanent basis, failed to garner enough support to advance in the U.S. Senate.
CORRECTED-Russia, China discuss Beijing's participation in Russian LNG projects, minister says
south_east_asia_top_news
05/08/2025
Story Text: Chinese companies' involvement in Russian liquefied natural gas projects is being discussed by Russian and Chinese delegations at talks in Moscow, the Interfax news agency cited Russian Energy Minister Sergei Tsivilev as saying on Thursday.
UPDATE 1-Flows to EM portfolios at a standstill after Trump tariffs, IIF says
U.S. MONEY
05/08/2025
Story Text: The Trump administration's announcement of an increase in tariffs https://www.reuters.com/business/tariffs/ to the highest levels in a century early last month triggered a repricing of assets globally that reset portfolio flows to emerging markets, according to a banking trade group.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
ca_business
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
Story Text: (The Insurer) – Lloyd’s on Thursday confirmed insider Patrick Tiernan will be its next CEO. While Tiernan is no stranger to Lime Street, The Insurer takes a closer look into the man set to take the helm of the global marketplace.
UPDATE 1-Malaysia's Capital A shareholders approve up to $1.4 billion capital reduction
south_east_asia_business_news
05/08/2025
Story Text: Malaysia's Capital A <CAPI.KL>, which owns airline AirAsia, said on Thursday its shareholders and debtholders approved a capital reduction plan of up to 6 billion ringgit ($1.4 billion), as the company aims to shrug off its 'financially distressed' tag.
Nutrien paints bullish fertilizer industry picture despite poor Q1 results
ca_business
05/08/2025
Story Text: Nutrien <NTR.TO> offered a bullish outlook for the 2025 global fertilizer market in an analyst call on Thursday, despite issuing disappointing first-quarter results nL4N3RF2D3 on Wednesday night.
UPDATE 4-Coinbase buys Deribit in $2.9 billion deal to expand crypto options base
uk_business
05/08/2025
Story Text: Coinbase <COIN.O>, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets.
EXCLUSIVE-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing
south_east_asia_business_news
05/08/2025
Story Text: Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects.
Drug maker Recordati's Q1 revenue rises 11.9%, confirms 2025 guidance
uk_business
05/08/2025
Story Text: Italian drug maker Recordati <RECI.MI> posted an 11.9% increase in its first-quarter net revenue on Thursday to 680.0 million euros ($767.52 million) and confirmed its guidance for 2025.
Story Text: The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
EXCLUSIVE-US military to start kicking out transgender troops next month, memo says
us_news
05/08/2025
Story Text: U.S. Defense Secretary Pete Hegseth has issued internal instructions to the Pentagon to start kicking out transgender troops who do not elect to leave on their own by June 6, according to a memo obtained by Reuters.
UPDATE 1-US says it is probing foreign donations at University of Pennsylvania
global_world
05/08/2025
Story Text: The U.S. Department of Education said on Thursday it opened an investigation into foreign donations at the University of Pennsylvania, alleging the Ivy League school made inaccurate and untimely foreign financial disclosures in the past.
UPDATE 1-FBI probes New York AG James over mortgage fraud allegations, media reports
ca_news
05/08/2025
Story Text: The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump https://www.reuters.com/world/us/donald-trump/ has publicly targeted because she pursued legal action against him, several U.S. media outlets reported on Thursday.
UPDATE 1-Heidelberg Materials beats Q1 expectations on strong Africa business
business_news
05/08/2025
Story Text: Heidelberg Materials <HEIG.DE>, the world's second-biggest cement maker, on Thursday reported forecast-beating first-quarter sales and profits and confirmed its outlook, citing strong growth in Africa.
UPDATE 1-US regulator streamlines bank merger reviews
ca_business
05/08/2025
Story Text: A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny.
UPDATE 1-Trump's plan to fix air traffic control faces huge hurdles
us_news
05/08/2025
Story Text: U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology.
UPDATE 2-Zurich Insurance property and casualty revenue rises, affirms targets
uk_business
05/08/2025
Story Text: Zurich Insurance <ZURN.S> reported higher first-quarter revenue and gross written premiums at its core property and casualty (P&C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market.
US STOCKS-US stock futures climb on hopes of first trade deal since tariff pause
uk_business
05/08/2025
Story Text: U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.
UPDATE 1-Salvage to begin in Italy this month for Lynch's yacht after fatal sinking
uk_news
05/08/2025
Story Text: The recovery of British tech tycoon Mike Lynch https://www.reuters.com/world/europe/obituary-mike-lynch-british-tech-trailblazer-who-died-sea-after-us-trial-2024-08-22/'s superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable https://www.reuters.com/world/europe/indescribable-crew-errors-led-sicily-shipwreck-yacht-maker-says-2024-08-22/ vessel disappeared into the sea https://www.reuters.com/world/europe/what-we-know-about-sinking-superyacht-off-sicily-2024-08-20/ last August.
REFILE-UPDATE 1-Pakistan's US ambassador says India, Pakistan have had contact at national security level
south_east_asia_top_news
05/08/2025
Story Text: Pakistan's ambassador to the U.S. said on Thursday that India and Pakistan have had contacts at the level of their respective National Security Councils, when asked if the nuclear-armed Asian neighbors had any ongoing lines of conversation.
GRAPHIC-Global central banks diverge as tariff risks hamper US Fed
ca_business
05/08/2025
Story Text: Big central banks are diverging as White House tariffs https://www.reuters.com/business/tariffs/ threaten to raise U.S. inflation and a dash out of the dollar sparks disinflationary currency strength elsewhere.
UPDATE 2-South Korea presidential hopefuls square off over conservative candidacy
global_world
05/08/2025
Story Text: South Korean presidential hopefuls Kim Moon-soo and former Prime Minister Han Duck-soo clashed on Thursday during a meeting to discuss merging their campaigns in order to field a single conservative candidate to contest the upcoming election.
Cricket-IPL match in Dharamshala called off midway as stadium lights fail
top_india
05/08/2025
Story Text: The Indian Premier League match between Punjab Kings and Delhi Capitals was abandoned midway on Thursday due to floodlights at Dharamshala's HPCA stadium malfunctioning, India's cricket board (BCCI) said.
Russia and China mark victory in WW2 as Ukraine war grinds on
uk_news
05/08/2025
Story Text: Russia marks the 80th anniversary of the Soviet Union's victory over Nazi Germany in World War Two on Friday with a military parade attended by China's Xi Jinping https://www.reuters.com/world/europe/putin-greets-chinas-xi-kremlin-2025-05-08/ that Moscow fears Ukraine will try to disrupt after three years of devastating war.
RPT-Asian banks see big boost to wealth business as currencies rally
us_business
05/08/2025
Story Text: A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
uk_news
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway
uk_domestic
05/08/2025
Story Text: Britain will sanction up to 100 oil tankers from Russia's so-called shadow fleet https://www.reuters.com/world/europe/western-nations-agree-disrupt-deter-russia-shadow-fleet-estonia-says-2024-12-16/, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday.
UPDATE 2-Former Memphis officers acquitted in beating death of Black motorist Tyre Nichols
us_usreport
05/08/2025
Story Text: A jury in a Tennessee state court on Wednesday acquitted three former Memphis police officers of second-degree murder and all other charges in the 2023 beating death of Black motorist Tyre Nichols.
Brazil markets rally as central bank leaves next steps open
us_economy
05/08/2025
Story Text: Brazilian markets surged on Thursday after the central bank raised interest rates to their highest in nearly two decades but refrained from signaling further steps, with a more favorable global backdrop also buoying sentiment.
WEEKAHEAD-AFRICA-FX-Ghana's cedi seen extending gains
top_news
05/08/2025
Story Text: Ghana's currency is seen rising further in the coming week to Thursday, while Nigeria's and Uganda's could be broadly steady and Zambia's may drop, traders said.
India's stainless steel body to file anti-dumping petition in few weeks, Jindal Stainless says
top_india
05/08/2025
Story Text: India's Jindal Stainless <JIST.NS> said on Thursday a domestic trade body will soon seek anti-dumping duties on stainless steel imports from China and Vietnam, weeks after India levied https://www.reuters.com/world/india/india-imposes-12-temporary-tariff-some-steel-imports-2025-04-21/ a 12% temporary safeguard duty on some steel imports to support local mills.
ANALYSIS-Investors add Fed rate uncertainty to tariff murkiness
ca_business
05/08/2025
Story Text: Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing the likelihood that the chaotic trade backdrop means the path of monetary policy remains up in the air.
US STOCKS-Wall St rises after US-Britain trade deal boosts market confidence
us_business
05/08/2025
Story Text: Wall Street's main indexes climbed more than 1% each on Thursday as investors assessed a new trade agreement between the United States and Britain, the first such trade deal the U.S. has signed after President Donald Trump paused tariffs last month.
UPDATE 1-EU clears final hurdle for softer car CO2 emission targets
sustainable_business
05/08/2025
Story Text: European automakers will have longer to comply with EU C02 emissions targets for cars and vans and could reduce potential fines after the European Parliament gave its backing on Thursday to a softening of the rules.
UPDATE 2-Shares in Amadeus take a hit on core-profit guidance trim
uk_business
05/08/2025
Story Text: Spanish travel technology company Amadeus <AMA.MC> said on Thursday several airline incidents, weather disruptions and government developments in the U.S. hurt its first-quarter bookings.
Jailed Istanbul Mayor Imamoglu's X account blocked in Turkey
global_world
05/08/2025
Story Text: Access to the X account of jailed Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main political rival, has been blocked in Turkey in response to a legal demand, a message on his social media account said on Thursday.
UPDATE 2-Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
ca_business
05/08/2025
Story Text: The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's <GOOGL.O> Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.
Story Text: Cheniere Energy <LNG.N>, the largest U.S. liquefied natural gas exporter, beat first-quarter estimates for core profit and revenue on Thursday, helped by rising prices for the superchilled gas as demand increased.
UPDATE 1-Venezuela minister says opposition negotiated members' exit from Argentine residence
global_world
05/08/2025
Story Text: Venezuela's interior minister on Wednesday said the exit of Venezuelan opposition members from Argentina's diplomatic residence in Caracas was negotiated, after the opposition said the operation took the government by surprise.
Japan's Nikkei ends higher; NTT Data surges on takeover report
uk_business
05/08/2025
Story Text: Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data surged following a takeover report.
UPDATE 1-Talen Energy mulls options to supply data centers after Amazon setback
rcom_energy
05/08/2025
Story Text: Talen Energy <TLN.O> is considering alternative arrangements to supply electricity to data centers after regulators pushed back https://www.reuters.com/business/energy/us-regulators-reject-amended-interconnect-agreement-amazon-data-center-2024-11-02/ on a plan to fuel an Amazon data center directly from Talen's Pennsylvania nuclear power plant, executives with the U.S. power company said on Thursday.
UPDATE 4-Maersk warns global container volumes could drop due to trade war
ca_business
05/08/2025
Story Text: Shipping group Maersk <MAERSKb.CO> said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world's top economies, and warned a protracted dispute could shrink global volumes this year.
Industry bodies urge Senate to pass bipartisan Fix Our Forests Act
global_environment
05/08/2025
Story Text: (The Insurer) - Four insurance industry associations have sent a joint letter to Senate leaders urging the passage of the bipartisan Fix Our Forests Act (S 1462).
UPDATE 1-Rubio urges India and Pakistan to de-escalate, backs direct dialogue
top_india
05/08/2025
Story Text: Secretary of State Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with Indian External Affairs Minister Subrahmanyam Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, U.S. State Department spokesperson Tammy Bruce said.
Story Text: Japanese government bond yields rose on Thursday as a weak outcome of an auction for 10-year government bonds prompted investors to sell them.
Apple asks US appeals court to pause ruling in Epic Games case
ca_business
05/08/2025
Story Text: Apple <AAPL.O> has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
Story Text: Pakistan's benchmark index <.KSE> closed down 6.7%, recording its largest single-day points drop, while its bonds were also under pressure following reports of drones being shot down nL1N3RG03O in major cities including Karachi and Lahore.
UPDATE 2-Former Memphis officers acquitted in beating death of Black motorist Tyre Nichols
ca_news
05/08/2025
Story Text: A jury in a Tennessee state court on Wednesday acquitted three former Memphis police officers of second-degree murder and all other charges in the 2023 beating death of Black motorist Tyre Nichols.
UPDATE 8-Ukraine says Russia violating its own 3-day ceasefire, calls it a 'farce'
global_world
05/08/2025
Story Text: Ukraine's foreign minister said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a farce , while Moscow said Kyiv had continued fighting.
UPDATE 2-US natgas prices ease on mild weather, big storage build
rcom_energy
05/08/2025
Story Text: U.S. natural gas futures eased about 1% on Thursday after mild weather kept heating and cooling demand low last week, allowing utilities to inject more gas into storage than usual for this time of year.
UPDATE 2-Judge grills Trump administration over order against law firm Susman Godfrey
ca_news
05/08/2025
Story Text: U.S. law firm Susman Godfrey asked a judge in Washington on Thursday to permanently bar President Donald Trump's https://www.reuters.com/world/us/donald-trump/ executive order against it, calling the measure an act of retaliation that trampled its rights under the U.S. Constitution.
Sweden donates $2 mln to Radio Free Europe after Trump freezes funding
uk_news
05/08/2025
Story Text: Sweden will donate 20 million crowns ($2.1 million) to Radio Free Europe/Radio Liberty, the Nordic country said on Thursday, after the administration of President Donald Trump ordered a freeze of federal grants to the media outlet.
EUROPE POWER-German prompt price falls amid weak demand
rcom_energy
05/08/2025
Story Text: German spot electricity fell in the wholesale market on Thursday, with demand subdued due to a public holiday in France and ahead of the weekend.
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
ca_canada
05/08/2025
Story Text: The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) <CLc1> widened on Thursday.
UPDATE 4-Warner Bros Discovery moving towards splitting company, CNBC reports
us_business
05/08/2025
Story Text: Warner Bros Discovery <WBD.O> is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their faster-growing streaming and studios divisions.
UPDATE 4-Toyota sees 21% full-year profit decline as tariffs take a bite
us_business
05/08/2025
Story Text: Toyota Motor <7203.T> expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump's tariffs https://www.reuters.com/business/tariffs/ weigh on the world's largest automaker.
CANADA STOCKS-TSX opens higher on prospects of US-UK trade deal
ca_news
05/08/2025
Story Text: Canada's main stock index opened higher on Thursday, tracking a global market rally, on news that the United States was on the verge of signing a trade agreement nL1N3RG0BS with Britain.
Bill Gates to give away fortune by 2045, $200bn for world's poorest
U.S. MONEY
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.
EMERGING MARKETS-Stocks slip, FX flat as markets assess US-China tariff stance; trading in Pakistan halted
top_india
05/08/2025
Story Text: A gauge tracking emerging market equities continued to fall for the third consecutive session on Thursday as investors grappled with the latest mixed signals surrounding U.S.-China trade discussions, while trading in Pakistan's stocks was temporarily halted after a sharp fall.
UPDATE 2-Soccer-Chelsea reach Conference League final with 5-1 aggregate win
global_sport
05/08/2025
Story Text: Favourites Chelsea, fielding a second-string team, cantered into the Europa Conference League final with a regulation 1-0 second-leg win over Swedish side Djurgarden on Thursday for a 5-1 aggregate victory.
US STOCKS-Wall St edges up as imminent US-Britain trade deal stokes optimism
us_business
05/08/2025
Story Text: Wall Street inched higher on Thursday as investors awaited the announcement of a trade deal between the United States and Britain, which is set to be the first such agreement the U.S. signs after President Donald Trump paused tariffs last month.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
TRNI-Civil Rights
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
US Cash Products-Midwest Group 3 diesel rises as buyers emerge
business
05/08/2025
Story Text: Cash differentials for diesel rose on Thursday in the U.S. Midwest's Group 3 spot market after multiple bidders lined up to buy supplies, traders said.
UPDATE 1-PIMCO sees heightened US recession risks, FT reports
us_business
05/08/2025
Story Text: U.S. bond giant PIMCO told the Financial Times that recession risks are at their highest in years and warned investors may be underestimating President Donald Trump's resolve to restore the steep tariffs that roiled markets last month.
QUOTES-Bank of England policymakers speak after rate cut
uk_domestic
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
INDIA BONDS-Indian bond yields seen steady as traders stay put amid India-Pakistan tensions
business
05/08/2025
Story Text: Indian government bond yields are expected to trade sideways in early deals on Thursday, as traders will likely stay in wait-and-watch mode regarding India-Pakistan tensions.
Software provider EPAM raises annual forecasts, announces CEO change
us_business
05/08/2025
Story Text: EPAM Systems <EPAM.N> raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10% in premarket trading.
Paramount beats quarterly revenue on direct-to-consumer growth
global_entertainment
05/08/2025
Story Text: Paramount Global <PARA.O> beat Wall Street estimates for first-quarter revenue on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses.
Moody's says tariffs may hit African banks through China slowdown
us_business
05/08/2025
Story Text: Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but second round effects , including their impact on the macroeconomic outlook and on China, could still bite, credit rating agency Moody's said.
UPDATE 1-Greece's National Bank net profit up on strong fee and trading income
uk_business
05/08/2025
Story Text: Greek lender National Bank (NBG) <NBGr.AT> reported higher quarterly net earnings on Thursday on strong fee and trading income and said it does not expect a significant impact from U.S. tariffs.
Soccer-Bayern's Kompany ready to catch some z's after Bundesliga title win
global_oddly_enough
05/08/2025
Story Text: Bayern Munich coach Vincent Kompany wants nothing more than a good night's sleep after his team won the Bundesliga title last week with two matches left to play.
Indian firms look homewards for borrowings as local yields fall, global appetite stays weak
top_india
05/08/2025
Story Text: Indian companies are stepping up domestic currency borrowing as the central bank's liquidity infusions have lowered local bond yields, while tariff concerns nL2N3QN01Y keep global rates elevated and investors cautious.
UPDATE 3-Trump asks US Supreme Court to allow revocation of migrants' legal status
global_world
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration asked the U.S. Supreme Court https://www.reuters.com/legal/us-supreme-court/ on Thursday to intervene in its bid to revoke the temporary legal status granted by his predecessor Joe Biden https://www.reuters.com/topic/person/joe-biden/ to hundreds of thousands of Venezuelan, Cuban, Haitian and Nicaraguan migrants living in the United States.
EXCLUSIVE-Forensic review found India's IndusInd Bank executives traded shares before accounting disclosure, document shows
sustainable_business
05/08/2025
Story Text: A forensic review by audit and advisory firm Grant Thornton found two executives of India's IndusInd Bank traded in its shares while they were aware of accounting lapses at the bank but before those were made public, a document reviewed by Reuters showed.
UPDATE 2-Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
TRNI-Data Privacy
05/08/2025
Story Text: The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's <GOOGL.O> Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
ca_news
05/08/2025
Story Text: The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.
Story Text: British telecoms infrastructure group Helios Towers <HTWS.L> reported on Thursday a higher than expected number of tenancies in the first three months of this year as mobile operators rented more towers for their cellular networks.
EXCLUSIVE-Forensic review found India's IndusInd Bank executives traded shares before accounting disclosure, document shows
business
05/08/2025
Story Text: A forensic review by audit and advisory firm Grant Thornton found two executives of India's IndusInd Bank traded in its shares while they were aware of accounting lapses at the bank but before those were made public, a document reviewed by Reuters showed.
UPDATE 5-Canadian Natural reports first-quarter profit beat and record oil and gas output
rcom_energy
05/08/2025
Story Text: Canadian Natural Resources Ltd <CNQ.TO>, the country's largest oil producer, reported a better-than-expected first-quarter profit and record production on Thursday, helped by stronger Canadian heavy crude prices that persist in the wake of the opening of additional pipeline export capacity last year.
Central banks in Europe keep easing on the agenda even as Fed stays firmly on hold
us_economy
05/08/2025
Story Text: Europe's central banks stood in stark contrast to their U.S. counterpart on Thursday, cutting interest rates or hinting at policy easing to come, even as the Federal Reserve kept a steady hand overnight and left investors guessing about its next move.
CANADA STOCKS-TSX opens higher on prospects of US-UK trade deal
ca_canada
05/08/2025
Story Text: Canada's main stock index opened higher on Thursday, tracking a global market rally, on news that the United States was on the verge of signing a trade agreement nL1N3RG0BS with Britain.
India's Titan beats fourth-quarter profit estimates on jewellery, coins demand
top_india
05/08/2025
Story Text: Indian jeweller and watchmaker Titan <TITN.NS> surpassed fourth-quarter profit estimates on Thursday as resilient demand for premium jewellery and gold coins from affluent customers outweighed higher bullion prices.
Golf-PGA of America to give away 3,000 Ryder Cup tickets in New York area
global_sport
05/08/2025
Story Text: The PGA of America will distribute 3,000 tickets to this year's Ryder Cup nL1N3RE0UL at Bethpage Black in New York as part of a fan engagement initiative dubbed The People's Perk, the biennial competition's co-organisers said on Wednesday.
UPDATE 2-Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder
TRNI-Capital Markets
05/08/2025
Story Text: Carlyle Group <CG.O> will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain.
UPDATE 2-Hamas says it is engaged in 'fierce fighting' in Gaza's Rafah
middle_east_top_news
05/08/2025
Story Text: Hamas militants were engaged in fierce fighting with Israeli soldiers on Thursday in the south of the Gaza Strip near Rafah, the Palestinian militant group said.
Yemenia Airways aircraft destroyed in Israeli strikes on Sanaa Airport uninsured
global_world
05/08/2025
Story Text: (The Insurer) - Yemenia Airways aircraft that were destroyed as part of the Israeli military’s airstrike on Sanaa International Airport in Yemen on Tuesday were uninsured, four senior aviation market sources told The Insurer.
BOJ divided over how US policies impact rate hike timing at March meeting, minutes show
south_east_asia_top_news
05/08/2025
Story Text: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday.
UPDATE 3-Outokumpu says uncertainty caused by Trump's tariffs to hit operations in Q2
us_business
05/08/2025
Story Text: Stainless steel maker Outokumpu <OUT1V.HE> expects global uncertainties related to U.S. President Donald Trump's tariffs to lead to a worsening market environment and impact its operations in the second quarter.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
ca_news
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
Euro zone bonds little changed after BoE, UK yields rise
uk_business
05/08/2025
Story Text: Euro zone government bond yields edged a touch higher on Thursday, roughly unchanged after the Bank of England after cut rates and suggested it needed to adjust policy gradually.
ANALYSIS-Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law
top_india
05/08/2025
Story Text: A decision by India's Supreme Court to quash https://www.reuters.com/world/india/top-indian-court-scraps-jsw-steels-bid-acquire-bhushan-power-cnbc-tv18-reports-2025-05-02/ a $2.3-billion steel industry deal six years after an insolvency tribunal approved it has unsettled buyers of distressed assets, throwing a shadow over one of the country's biggest reforms.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
ca_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
Albania's Rama seeks fourth term in election dominated by graft, EU membership
global_world
05/08/2025
Story Text: Ilir Rranci moved to a hamlet outside the Albanian city of Elbasan for the view of snow-capped peaks and a garden big enough for fruit trees, chickens and turkeys. Today, however, the surrounding scenery is obstructed by a multicoloured mountain of rubbish from a next-door landfill.
The art of the possible: Britain settles for quick win in US trade deal
uk_domestic
05/08/2025
Story Text: Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win https://www.reuters.com/world/europe/us-britain-expected-announce-tariff-deal-thursday-2025-05-08/ instead.
UPDATE 4-Coinbase buys Deribit in $2.9 billion deal to expand crypto options base
us_business
05/08/2025
Story Text: Coinbase <COIN.O>, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets.
Story Text: Chipmaker Microchip Technology <MCHP.O> forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips.
UPDATE 1-North Korea's Kim Jong Un leads missile test, stresses nuclear force readiness, KCNA says
ca_news
05/08/2025
Story Text: North Korean leader Kim Jong Un supervised a test of a short-range ballistic missile and long-range artillery on Thursday and stressed the importance of combat readiness of the country's nuclear forces, state media reported on Friday.
Story Text: Republicans on the U.S. Senate Foreign Relations Committee backed five nominees for diplomatic positions on Thursday despite a Democratic boycott, underscoring deep divisions between members of President Donald Trump's https://www.reuters.com/world/us/donald-trump/ party and lawmakers from the minority.
Story Text: U.S. President Donald Trump https://www.reuters.com/world/us/donald-trump/ and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports.
UPDATE 3-Apollo-backed Aspen Insurance valued at $3 billion as shares jump in NYSE debut
us_business
05/08/2025
Story Text: Aspen Insurance <AHL.N> secured a valuation of $3.05 billion after its shares jumped 10.8% on Thursday in their New York Stock Exchange debut, as the IPO market returns to action after tariff-driven volatility paused activity.
Story Text: Chipmaker Microchip Technology <MCHP.O> forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips.
UPDATE 1-Trump says trade deal between US, UK to be comprehensive
uk_news
05/08/2025
Story Text: U.S. President Donald Trump said on Thursday that an agreement with Britain would be a full and comprehensive one, amid expectations the two countries would soon sign a trade deal.
UPDATE 1-North Korea's Kim Jong Un leads missile test, stresses nuclear force readiness, KCNA says
uk_news
05/08/2025
Story Text: North Korean leader Kim Jong Un supervised a test of a short-range ballistic missile and long-range artillery on Thursday and stressed the importance of combat readiness of the country's nuclear forces, state media reported on Friday.
UPDATE 1-US FDA centers to deploy AI internally, following experimental run
us_business
05/08/2025
Story Text: The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific reviewers.
Hong Kong central bank keeps key rate unchanged, tracking Fed move
south_east_asia_business_news
05/08/2025
Story Text: The Hong Kong Monetary Authority (HKMA) left its base rate charged through the overnight discount window unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve nL1N3RD0C4 to keep rates steady.
ASIA COFFEE-Tight supplies in Asian major robusta producers amid thin trade
south_east_asia_business_news
05/08/2025
Story Text: Supplies in major Asian robusta producers remained thin this week as farmers in Vietnam have sold most of their stocks while harvest in Indonesia has not started yet, traders said on Thursday.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
ca_news
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
UPDATE 2-Peloton shares slide on bigger-than-expected Q3 loss
ca_business
05/08/2025
Story Text: Peloton Interactive <PTON.O> raised its 2025 revenue forecast on Thursday but reported a bigger third-quarter loss than expected as the fitness company struggles to recover from a post-pandemic slump, sending its shares down more than 14% in morning trading.
Japan's Nikkei rises; NTT Data set to surge on takeover report
south_east_asia_business_news
05/08/2025
Story Text: Japan's Nikkei share average edged up on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data was set for a 17% jump following a takeover report.
Wolfspeed sees 2026 revenue below estimates; shares slump
us_business
05/08/2025
Story Text: Chipmaker Wolfspeed <WOLF.N> forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.
Ukraine's parliament ratifies minerals deal with US, hopes for more arms
uk_news
05/08/2025
Story Text: Ukraine's parliament voted on Thursday in favour of ratifying a minerals deal https://www.reuters.com/world/kyiv-is-ready-sign-resources-deal-with-us-ukraine-government-source-says-2025-04-30/ signed with the United States, an agreement Kyiv hopes will secure future military assistance from Washington in its fight to repel Russian troops.
UPDATE 1-Albania's Rama seeks fourth term in election dominated by graft, EU membership
global_world
05/08/2025
Story Text: Ilir Rranci moved to a hamlet outside the Albanian city of Elbasan for the view of snow-capped peaks and a garden big enough for fruit trees, chickens and turkeys. Today, however, the surrounding scenery is obstructed by a multicoloured mountain of rubbish from a next-door landfill.
UPDATE 4-Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children
us_usreport
05/08/2025
Story Text: Bill Gates pledged on Thursday to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of killing the world's poorest children through huge cuts to the U.S. foreign aid budget.
Greece's travel sector surpasses 18 billion euros surplus in 2024 as inbound travellers surge
uk_news
05/08/2025
Story Text: The Greek travel services sector saw a surplus of 18.79 billion euros ($21.24 billion) in 2024, a 3.4% increase from the previous year, according to final data from the Bank of Greece released on Thursday.
CORRECTED-UPDATE 1-InterContinental Hotels reiterates annual profit estimates, defying industry trend
ca_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group (IHG) <IHG.L> said on Thursday it is on track to meet the full-year consensus profit estimate, defying industry peers' forecast warnings over waning economic and consumer sentiment in the U.S.
Siemens Energy expects profit hit of less than $113 mln due to tariffs
rcom_energy
05/08/2025
Story Text: Power equipment maker Siemens Energy <ENR1n.DE> on Thursday said it expects a hit of less than 100 million euros ($113 million) to profits in the remainder of its fiscal year, quantifying for the first time the impact of broad U.S. import tariffs.
Chipmaker SMIC reports 161% surge in first quarter profit
south_east_asia_business_news
05/08/2025
Story Text: Semiconductor Manufacturing International Corp <0981.HK>，China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit.
UPDATE 5-Japan's NTT plans to take NTT Data private for $16.4 billion
global_technology
05/08/2025
Story Text: Japanese telecoms firm Nippon Telegraph and Telephone <9432.T> announced plans on Thursday to take its subsidiary NTT Data <9613.T> private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion).
UPDATE 1-Trump calls for 30-day Russia-Ukraine ceasefire, warns of more sanctions
uk_news
05/08/2025
Story Text: U.S. President Donald Trump called on Thursday for a 30-day unconditional ceasefire between Russia and Ukraine, warning that Washington and its partners would impose further sanctions if the ceasefire is not respected.
UPDATE 3-Kenvue expects flat profit as $150 million tariff hit looms
ca_business
05/08/2025
Story Text: Kenvue <KVUE.N> on Thursday forecast that its annual profit would be flat year-over-year as the consumer health firm anticipates a $150 million impact from President Donald Trump's trade tariffs implemented on U.S. imports thus far.
US STOCKS-Wall Street rallies as first trade deal domino falls
ca_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement forged between the United States and Britain, while U.S. President Donald Trump indicated upcoming talks with China would be more substantial than initially thought.
REFILE-UPDATE 2-Recruiter Adecco beats earnings forecast as hiring improves
uk_business
05/08/2025
Story Text: Adecco <ADEN.S> beat analysts' forecasts despite lower first quarter revenue, lifting its shares as the staffing company said there had been a modest improvement in hiring.
UPDATE 2-Zelenskiy says 30-day ceasefire would be 'real indicator' of movement towards peace
ca_news
05/08/2025
Story Text: Ukrainian President Volodymyr Zelenskiy said on Thursday he told U.S. President Donald Trump in a telephone call that a 30-day ceasefire was a real indicator of moving towards peace with Russia and Kyiv was ready to implement it immediately.
UPDATE 1-Philippines, China trade accusations on South China Sea confrontation
global_world
05/08/2025
Story Text: The Philippines and China gave conflicting versions on Thursday of a maritime confrontation around a contested shoal in the South China Sea, the latest incident in a longstanding dispute between the neighbours.
British equities rise on UK-US trade deal optimism; eyes on BOE rate decision
uk_domestic
05/08/2025
Story Text: Britain's main indexes climbed on Thursday, with news that U.S. President Donald Trump would announce a trade deal with Britain boosting investor sentiment, just ahead of the Bank of England's expected rate cut.
Iran's foreign minister repeats call for restraint in India-Pakistan standoff
top_india
05/08/2025
Story Text: Iran's Foreign Minister Abbas Araqchi called for restraint between India and Pakistan upon landing in New Delhi on Thursday, state media reported, a day after India targeted https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ what it says are “terrorist camps” in Pakistan in retaliation for a deadly attack on tourists https://www.reuters.com/world/india/one-killed-seven-injured-militant-attack-indias-kashmir-india-today-tv-says-2025-04-22/ in Kashmir last month.
UPDATE 2-Chile's Copec Q1 profit falls 8.5% on weaker forestry unit
rcom_energy
05/08/2025
Story Text: Chilean industrial conglomerate Empresas Copec <COPEC.SN> on Thursday posted an 8.5% drop in first-quarter profit, as weaker forestry results from lower pulp prices and panel volumes were partly offset by a stronger energy sector performance.
UPDATE 3-Molson Coors cuts forecasts as beer demand hurt by tariff-led recession worries
us_business
05/08/2025
Story Text: Molson Coors <TAP.N> cut its annual forecasts for sales and profit on Thursday, in anticipation of a hit to demand for its Coors and Miller beer brands as consumers cut back discretionary spending due to tariff-led recession worries.
UK's Renishaw narrows 2025 forecast, adds surcharge due to US tariffs
us_business
05/08/2025
Story Text: British engineering firm Renishaw <RSW.L> narrowed its full-year sales and profit outlook on Thursday, and said it will introduce a surcharge to pass on the additional costs brought on by U.S. tariffs https://www.reuters.com/site-search/?query=tariffs.
EXCLUSIVE-BYD aims to sell half its cars outside China by 2030, sources say
us_business
05/08/2025
Story Text: BYD, China's No. 1 automaker <002594.SZ>, aims to sell half of its vehicles outside the Chinese market by 2030, a massive increase that would make it a rival to the world's largest automakers, according to four people familiar with the matter.
Paramount beats quarterly revenue on direct-to-consumer growth
us_business
05/08/2025
Story Text: Paramount Global <PARA.O> beat Wall Street estimates for first-quarter revenue on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses.
UPDATE 1-Detroit Three automakers blast Trump UK trade deal
uk_business
05/08/2025
Story Text: A group representing General Motors <GM.N>, Ford <F.N> and Stellantis <STLAM.MI> blasted President Donald Trump's trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector.
Jefferies banker George Maddison to retire, sources say
TRNI-Banking
05/08/2025
Story Text: The chairman of Jefferies' European investment banking Financial Institutions Group, George Maddison, is retiring from his role, according to two sources with knowledge of the situation.
UPDATE 1-Flows to EM portfolios at a standstill after Trump tariffs, IIF says
ca_business
05/08/2025
Story Text: The Trump administration's announcement of an increase in tariffs https://www.reuters.com/business/tariffs/ to the highest levels in a century early last month triggered a repricing of assets globally that reset portfolio flows to emerging markets, according to a banking trade group.
Romania's political crisis heightens recession risks, employers say
uk_business
05/08/2025
Story Text: A deepening political crisis https://www.reuters.com/markets/europe/romania-looks-counter-capital-outflows-after-far-right-election-gains-2025-05-06/ after the first round of Romania's presidential election triggered the collapse of a pro-Western government, raised the risk of pushing the country into recession, the head of the country's largest investors' group said.
EXCLUSIVE-Ukraine considers shift from dollar to euro amid geopolitical realignments
uk_business
05/08/2025
Story Text: Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters.
South Korean presidential candidate accuses party of pushing him out
ca_news
05/08/2025
Story Text: South Korea's right-wing presidential candidate Kim Moon-soo accused his party on Thursday of trying to force him out and threatened to take legal action just weeks ahead of a snap election slated for June 3.
US STOCKS-Wall St set for higher open as stage set for US-Britain trade deal
us_business
05/08/2025
Story Text: U.S. stock indexes were on track to open higher on Thursday, on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks rose on the prospect of fewer export curbs on AI semiconductors.
Rural India's consumer demand outpaces urban areas for fifth straight quarter, NielsenIQ says
top_india
05/08/2025
Story Text: India's consumer goods sector reported an 11% growth in value in the March quarter, as rural growth outpaced that in urban areas for the fifth straight quarter, market research firm NielsenIQ said on Thursday.
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
ca_business
05/08/2025
Story Text: Apple <AAPL.O> is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday.
Singapore distillates stocks rise to nearly 9 million barrels
south_east_asia_business_news
05/08/2025
Story Text: Singapore's middle distillates inventories rose for a second straight week as net exports of both diesel/gasoil and jet fuel/kerosene slipped, official data showed on Thursday.
Australia, NZ dollars bounce on hopes for progress in US tariff stalemate
uk_business
05/08/2025
Story Text: The Australian and New Zealand dollars bounced on Thursday, as hopes for progress in U.S. trade talks globally helped offset a more hawkish outlook on U.S. interest rates that lifted the greenback overnight.
Story Text: Akamai Technologies <AKAM.O> on Thursday forecast annual results above estimates following an upbeat first quarter, helped by steady demand for its cybersecurity and cloud services.
UPDATE 2-Paramount's strong quarterly results boosted by originals, streaming growth
ca_business
05/08/2025
Story Text: Paramount Global's <PARA.O> quarterly revenue and profit beat Wall Street estimates on Thursday, helped by originals and post-theatrical releases at its direct-to-consumer business, which includes streaming.
Staffing company Adecco says hiring slightly higher
uk_business
05/08/2025
Story Text: Adecco <ADEN.S> on Thursday said its hiring numbers have shown modest positive momentum since the start of April as the staffing company reported better-than-expected earnings for the first three months of the year.
Red Cross appeals to governments to act now to end Gaza 'horror'
middle_east_top_news
05/08/2025
Story Text: Governments must act now to stop the horrors in Gaza, the director-general of the Red Cross said on Thursday, adding that the suffering there was reaching a point where it questions the very foundations of our humanity .
US STOCKS-Wall St set for higher open as stage set for US-Britain trade deal
ca_business
05/08/2025
Story Text: U.S. stock indexes were on track to open higher on Thursday, on news that the United States was on the verge of signing a trade agreement with Britain, while chip stocks rose on the prospect of fewer export curbs on AI semiconductors.
CANADA STOCKS-TSX futures rise on trade deal optimism
uk_business
05/08/2025
Story Text: Futures tied to Canada's main stock index rose on Thursday, tracking a global market rally, spurred by U.S. President Donald Trump's promise of the first trade deal in his global tariff war.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_usreport
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
top_india
05/08/2025
Story Text: A top Chinese-made Pakistani fighter plane shot down at least two Indian military aircraft on Wednesday, two U.S. officials told Reuters, marking a major milestone for Beijing's advanced fighter jet.
RPT-Reduced to rubble: India strikes alleged headquarters of militant groups in Pakistan's heartland
south_east_asia_top_news
05/08/2025
Story Text: Video footage from the early hours of Wednesday shows a bright flash from the residential Islamic seminary outside Bahawalpur in central Pakistan as India attacked its neighbour https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ in response to the killing of Indian tourists in Kashmir.
UPDATE 1-US FDA centers to deploy AI internally, following experimental run
TRNI-Data Privacy
05/08/2025
Story Text: The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific reviewers.
ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
global_world
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
UPDATE 2-Tesla's India head resigns as company prepares for country launch, Bloomberg News reports
top_india
05/08/2025
Story Text: Tesla's <TSLA.O> country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world’s third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.
Haiti gangs' US terrorism designation risks harming most vulnerable, NGOs warn
global_world
05/08/2025
Story Text: The designation of Haiti's major gangs as terrorists by Washington could risk further entrenching their power by limiting financial and humanitarian aid, NGOs focused on organized crime and human rights have warned.
QUOTES-Bank of England policymakers speak after rate cut
us_economy
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UPDATE 2-Hotel chain Melia sees higher 2025 summer sales in Spain as quarterly profit doubles
uk_business
05/08/2025
Story Text: Spain's largest hotel chain Melia <MEL.MC> expects summer sales in its home country to rise this year compared to 2024, Chief Executive Gabriel Escarrer told shareholders on Thursday, before the company posted a 93% rise in first-quarter profit.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
global_world
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
UPDATE 3-Brewer AB InBev's profit surges ahead of forecasts, shares rise
ca_business
05/08/2025
Story Text: Anheuser-Busch InBev <ABI.BR> reported a 7.9% rise in first-quarter operating profit on Thursday, more than double the increase expected by analysts, as the world's biggest brewer boosted its profit margin despite a fall in sales volumes.
Story Text: The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
INDIA STOCKS-Indian shares fall as tensions with Pakistan escalate
top_india
05/08/2025
Story Text: Indian shares fell on Thursday in their most volatile session in a month after the country said it neutralised attempts by Pakistan to engage several military targets in its northern and western regions.
UPDATE 2-Cable maker Prysmian core profit tops forecast on transmission business, Encore buy
ca_business
05/08/2025
Story Text: Prysmian <PRY.MI>, the world's largest cable maker, beat forecasts on Thursday with a 28% jump in first-quarter core profit, supported by its transmission business and last year's acquisition of Encore Wire https://www.reuters.com/markets/deals/prysmian-acquire-encore-about-42-bln-2024-04-15/.
Asian Paints misses quarterly profit estimates on tepid demand
south_east_asia_business_news
05/08/2025
Story Text: Asian Paints <ASPN.NS> missed fourth-quarter profit expectations on Thursday, pressured by subdued retail demand at its mainstay decorative paints segment.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_usreport
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Trump administration health research cuts total $1.8 billion, analysis finds
TRNI-Civil Rights
05/08/2025
Story Text: In a roughly five-week period this year, the U.S. National Institutes of Health terminated $1.81 billion in medical research funding, according to a new analysis.
RPT-US tariffs, Europe slowdown reshape global solar panels trade
rcom_energy
05/08/2025
Story Text: Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed.
US STOCKS-Wall Street gains as first trade deal reached
us_business
05/08/2025
Story Text: U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
ADNOC Drilling's first-quarter profit jumps on strong oilfield services
rcom_energy
05/08/2025
Story Text: ADNOC Drilling <ADNOCDRILL.AD>, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.
FACTBOX-China exempts some US imports from tariffs
south_east_asia_top_news
05/08/2025
Story Text: China has granted nL1N3R3043 tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April.
UPDATE 1-Merz assures Zelenskiy his government can be relied upon for support
uk_news
05/08/2025
Story Text: Germany's new Chancellor Friedrich Merz assured Ukrainian President Volodymyr Zelenskiy that his government could be relied upon for continued support against Russia's invasion https://www.reuters.com/world/us/donald-trump/, in a telephone call on Thursday, a government spokesperson said.
UPDATE 2-Rugby-England's Pollock, 20, named in British and Irish Lions squad
global_sport
05/08/2025
Story Text: Henry Pollock's class and energy were more important than his callow age, Andy Farrell said on Thursday after the 20-year-old England flanker was the standout selection in his 38-man British & Irish Lions squad to tour Australia.
UPDATE 1-StanChart says its trade business resilient to Trump tariff disruption
us_business
05/08/2025
Story Text: Standard Chartered <STAN.L> on Thursday sought to reassure investors that its business can cope with disruption to global trade after pressure on the trade-focused bank's share price following U.S. President Donald Trump's tariffs announcements.
UPDATE 1-US regulator streamlines bank merger reviews
TRNI-Banking
05/08/2025
Story Text: A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny.
FACTBOX-What's in the new pope's in-tray: financial woes, doctrinal rows
uk_news
05/08/2025
Story Text: Pope Leo XIV https://www.reuters.com/world/europe/cardinals-set-second-day-conclave-elect-new-pope-2025-05-08/, the 267th leader of the global Catholic Church and the first U.S. pontiff, will face a number of major challenges following his surprise election on Thursday. Here is a quick rundown.
Eiopa: US exit from Paris Agreement raises nat cat insurability issues
global_environment
05/08/2025
Story Text: (The Insurer) - The withdrawal of the U.S. from climate-related multilateral agreements may increase insurability challenges for the industry as losses from climate-driven natural catastrophes increase over the next 12 months, the European Insurance and Occupational Pensions Authority (Eiopa) has warned.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
uk_business
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
uk_business
05/08/2025
Story Text: U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed.
QUOTES-Bank of England policymakers speak after rate cut
uk_news
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
US STOCKS-Wall St rises after US-Britain trade deal boosts market confidence
uk_business
05/08/2025
Story Text: Wall Street's main indexes climbed more than 1% each on Thursday as investors assessed a new trade agreement between the United States and Britain, the first such trade deal the U.S. has signed after President Donald Trump paused tariffs last month.
UPDATE 2-Mexico's Pemex aims to reopen wells to boost falling oil output, documents and sources say
rcom_energy
05/08/2025
Story Text: Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production https://www.reuters.com/business/energy/mexicos-pemex-swings-2-billion-loss-production-sales-slump-2025-04-30/, according to two documents and four sources, as it struggles to reach an ambitious government target.
UPDATE 1-China lifts suspension on five Brazilian soy exporters ahead of Lula visit
south_east_asia_business_news
05/08/2025
Story Text: China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday.
Story Text: To access a PDF version of this newsletter, please click here https://share.lseg.com/assets/newsletters/Morning_News_Call/MNCGeneric_CA_05082025.pdf
In his first appearance, Pope Leo offers three big clues about his papacy
us_news
05/08/2025
Story Text: From his first moments on the balcony of St. Peter's Basilica, Pope Leo XIV nL8N3RA2F9 gave three important clues about what kind of leader of the 1.4-billion-member Catholic Church he will be.
INDIA RUPEE-Rupee to recover; spotlight on India-Pakistan tensions
business
05/08/2025
Story Text: The Indian rupee is likely to inch higher at the open on Thursday, with traders keeping an eye on tensions between India and Pakistan, and on the U.S. dollar, which found support following the Federal Reserve's policy meeting.
Argentine cardinal hopes Pope Francis' vision lives on
uk_news
05/08/2025
Story Text: Argentine cardinal Angel Rossi, one of the 133 now gathered at the Vatican to elect a new pope https://www.reuters.com/world/europe/cardinals-set-second-day-conclave-elect-new-pope-2025-05-08/, told Reuters before the conclave that he hoped the next leader of the global Catholic Church - whoever he is - will maintain intact the vision of Pope Francis, a fellow Jesuit and his former teacher.
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
us_economy
05/08/2025
Story Text: The Malaysian ringgit held on to losses on Thursday after the country's central bank kept interest rates steady in a widely expected move, while its regional peers declined marginally on renewed strength in the U.S. dollar.
InterContinental Hotel's global room revenue rises in first quarter
uk_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group (IHG) <IHG.L> reported a 3.3% increase in global revenue per available room (RevPAR) for the first quarter on Thursday, driven by robust business, leisure and group travel.
U.S. exports of natural gas liquids touch record high in April
rcom_energy
05/08/2025
Story Text: U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed.
Molson Coors cuts annual forecasts on tariff pressures
ca_business
05/08/2025
Story Text: Molson Coors <TAP.N> lowered its forecast for annual sales and profit on Thursday, in anticipation of Trump's tariffs weighing on beer demand, sending the company's shares down about 9% in premarket trading.
Rugby-Struggling Wallabies prop Tupou worried he'll miss Lions series
global_sport
05/08/2025
Story Text: Wallabies prop Taniela Tupou admits his performances this season have not been up to scratch and concedes that he might not make the Australia squad for the British & Irish Lions series in July and August.
Story Text: Italian asset manager Azimut Holding <AZMT.MI> reported on Thursday a 1.5% year-on-year drop in first quarter net profit to 115 million euros ($129.93 million) and confirmed its 2025 guidance.
QUOTES-Bank of England policymakers speak after rate cut
us_economy
05/08/2025
Story Text: The Bank of England cut its main interest rate https://www.reuters.com/world/uk/boe-cuts-rates-425-it-sees-tariff-hit-growth-2025-05-08/ by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
INDIA STOCKS-India's benchmarks open little changed amid India-Pakistan tensions
top_india
05/08/2025
Story Text: India's benchmark indexes opened little changed on Thursday, as investors assessed the ongoing tensions with neighbour Pakistan and as the U.S. Federal Reserve said risks of higher inflation and unemployment have risen due to the global trade war.
Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
middle_east_top_news
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
UK wealth manager Rathbones seeks cost controls as volatile markets pose risks
us_business
05/08/2025
Story Text: British wealth manager Rathbones <RAT.L>, on Thursday, reported net outflows and a fall in funds under management for the first quarter and said it would control costs to shield its profit from sustained market volatility.
UPDATE 1-Venezuela minister says opposition negotiated members' exit from Argentine residence
us_news
05/08/2025
Story Text: Venezuela's interior minister on Wednesday said the exit of Venezuelan opposition members from Argentina's diplomatic residence in Caracas was negotiated, after the opposition said the operation took the government by surprise.
Story Text: British telecoms infrastructure group Helios Towers <HTWS.L> reported on Thursday a higher than expected number of tenancies in the first three months of this year as mobile operators rented more towers for their cellular networks.
Wall Street bonuses to drop as uncertainty prevails, consultancy says
us_business
05/08/2025
Story Text: Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report by compensation consultancy Johnson Associates.
US judge to weigh releasing detained Tufts student on Friday
global_world
05/08/2025
Story Text: A federal judge decided on Thursday not to wait for President Donald Trump https://www.reuters.com/topic/person/donald-trump/'s administration to bring a Tufts University doctoral student https://www.reuters.com/world/us/tufts-says-international-student-taken-into-us-custody-visa-revoked-2025-03-26/ being held in a Louisiana immigration detention facility back to Vermont as previously ordered before assessing whether she should be released from custody.
UPDATE 2-South Korea presidential hopefuls square off over conservative candidacy
ca_news
05/08/2025
Story Text: South Korean presidential hopefuls Kim Moon-soo and former Prime Minister Han Duck-soo clashed on Thursday during a meeting to discuss merging their campaigns in order to field a single conservative candidate to contest the upcoming election.
US STOCKS SNAPSHOT-US stock indexes extend gains after Trump announces UK trade deal
south_east_asia_business_news
05/08/2025
Story Text: U.S. stock indexes extended gains on Thursday after President Donald Trump announced a trade deal with Britain, his first since he paused tariffs in April.
Albania's Rama seeks fourth term in election dominated by graft, EU membership
global_environment
05/08/2025
Story Text: Ilir Rranci moved to a hamlet outside the Albanian city of Elbasan for the view of snow-capped peaks and a garden big enough for fruit trees, chickens and turkeys. Today, however, the surrounding scenery is obstructed by a multicoloured mountain of rubbish from a next-door landfill.
OpenAI in talks to hire senior executive for major leadership role, The Information reports
us_business
05/08/2025
Story Text: OpenAI is in talks with a senior technology executive to oversee some of the company's divisions in a major leadership restructuring at the artificial intelligence firm, The Information reported on Thursday, citing people familiar with the plans.
UPDATE 2-In Panama, Trump's new ambassador casts China as threat to frayed alliance
ca_news
05/08/2025
Story Text: The United States' new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
UPDATE 2-Campari's results miss expectations, uncertainty about tariffs weighed
ca_business
05/08/2025
Story Text: Italian spirits group Campari <CPRI.MI>, posted a decline in revenue and adjusted operating profit in the first quarter, well below analysts expectations, partly due to the uncertainty about U.S. tariffs in an already struggling sector.
UPDATE 1-AI leaders to urge senators to speed power supply permitting, boost government data access
us_business
05/08/2025
Story Text: Microsoft <MSFT.O> and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters.
Rugby League-NRL expands westwards with Perth Bears to launch in 2027
global_sport
05/08/2025
Story Text: Australia's National Rugby League (NRL) will expand westwards in the 2027 season with the addition of an 18th club, the Perth Bears, the league and Western Australian government announced on Thursday.
UPDATE 1-Cricket-IPL match in Dharamshala called off midway as stadium lights fail
top_india
05/08/2025
Story Text: The Indian Premier League match between Punjab Kings and Delhi Capitals was abandoned midway on Thursday due to floodlights at Dharamshala's HPCA stadium malfunctioning, India's cricket board (BCCI) said.
Starmer hails second trade win in a week after UK's tariff deal with Trump
uk_news
05/08/2025
Story Text: British Prime Minister Keir Starmer on Thursday secured a second trade pact in three days through a deal with U.S. President Donald Trump, claiming a much-needed political victory that removes a threat to some of the UK's must vulnerable industrial sectors.
UPDATE 1-China loosens gold import quotas with eye on arresting yuan rally
us_business
05/08/2025
Story Text: China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said on Wednesday.
Carlyle's profit climbs on fee growth, record assets under management
ca_business
05/08/2025
Story Text: Global investment firm Carlyle Group <CG.O> posted a 5.6% growth in first-quarter profit on Thursday, helped by higher fees as its assets under management climbed to a record.
FOREX-Dollar rises against safe-haven currencies buoyed by US-UK trade deal
south_east_asia_business_news
05/08/2025
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves soothed by a bilateral trade deal between the United States and the United Kingdom https://www.reuters.com/world/uk/, while sterling reversed gains made after an interest rate cut from the Bank of England.
Belgian minister says partners could pool risk to keep Russian assets frozen
global_world
05/08/2025
Story Text: Western governments should make legal commitments to pool the risk of keeping Russian central bank assets frozen if European Union sanctions are no longer in place, Belgian Foreign Minister Maxime Prevot told Reuters on Thursday.
China loosens gold import quotas with eye on arresting yuan rally
south_east_asia_business_news
05/08/2025
Story Text: China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said on Wednesday.
Story Text: India's Pidilite Industries <PIDI.NS> on Thursday reported fourth-quarter profit below estimates, dragged by a rise in input costs for its adhesives and sealants and sluggish demand from the construction industry.
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
ca_news
05/08/2025
Story Text: Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.
Story Text: U.S. worker productivity dropped in the first quarter for the first time in nearly three years, resulting in a surge in labor costs that could squeeze margins for businesses at a time when they are facing rising costs from tariffs.
EXCLUSIVE-DOGE-led software revamp to speed US job cuts even as Musk steps back
world_at_work
05/08/2025
Story Text: The federal human resources agency at the heart of billionaire Elon Musk https://www.reuters.com/business/elon-musk/'s efforts to slash the federal workforce https://www.reuters.com/world/us/100-days-doge-lots-chaos-not-so-much-efficiency-2025-04-24/ is poised to roll out software to speed layoffs across the U.S. government, two people familiar with the matter told Reuters.
UPDATE 2-Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
TRNI-Banking
05/08/2025
Story Text: The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's <GOOGL.O> Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.
UPDATE 3-Sorrell's S4 Capital revenue falls as tech clients focus spending on AI
uk_business
05/08/2025
Story Text: Martin Sorrell's ad group S4 Capital <SFOR.L> said on Thursday that clients were choosing to spend on artificial intelligence rather than marketing, pushing first-quarter revenue 11% lower.
ARA gasoline stocks rise 7%, Insights Global data shows
rcom_energy
05/08/2025
Story Text: Gasoline stocks held independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.
UPDATE 2-Air Canada lowers annual core profit forecast as US travel slows
ca_news
05/08/2025
Story Text: Air Canada <AC.TO> on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts' estimates, as trans-border traffic declined due to a weaker Canadian dollar and trade tensions with the United States.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
us_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
Abu Dhabi wealth fund Mubadala's assets under management rise 9% in 2024
middle_east_top_news
05/08/2025
Story Text: Abu Dhabi sovereign wealth fund Mubadala's assets under management rose 9.1% last year to 1.2 trillion dirhams ($326.74 billion), it said on Thursday.
Soccer-Man United reach Europa League final after dispatching Athletic Bilbao
global_sport
05/08/2025
Story Text: Manchester United booked their berth in the Europa League final after a 4-1 semi-final win Athletic Bilbao on Thursday, with Mason Mount scoring twice to hand the hosts a 7-1 aggregate win and a chance for the beleaguered team to hoist some silverware this season.
UPDATE 3-Coinbase quarterly profit falls as expenses climb, shares down
global_technology
05/08/2025
Story Text: Crypto exchange Coinbase <COIN.O> reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 3% in extended trading.
US STOCKS-Wall Street rallies as first trade deal domino falls
uk_business
05/08/2025
Story Text: U.S. stocks rallied on Thursday as investors cheered a new trade agreement forged between the United States and Britain, while U.S. President Donald Trump indicated upcoming talks with China would be more substantial than initially thought.
UPDATE 2-Air Canada lowers annual core profit forecast as US travel slows
ca_canada
05/08/2025
Story Text: Air Canada <AC.TO> on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts' estimates, as trans-border traffic declined due to a weaker Canadian dollar and trade tensions with the United States.
Soccer-Amorim said nothing but Europa League victory will do
global_sport
05/08/2025
Story Text: Anything less than winning the Europa League title on May 21 will not be enough for Manchester United boss Ruben Amorim, who said finishing second will amount to nothing and the club's long-suffering fans deserve better.
Story Text: The Trade Desk <TTD.O> on Thursday posted first-quarter revenue above analysts' estimates, aided by strong demand for automated ad-buying technologies, sending it shares up 14% in extended trading.
Vertical Aerospace, Honeywell deepen ties to take key air-taxi systems to certification
uk_business
05/08/2025
Story Text: British electric-aircraft firm Vertical Aerospace <M000.F> said on Thursday it has expanded its partnership with Honeywell <HON.O> under a new long-term deal to help certify key systems for its VX4 air taxi.
UPDATE 1-Chile's consumer price increase slows in April
us_economy
05/08/2025
Story Text: Consumer prices in Chile rose 0.2% in April from the previous month, data from statistics agency INE showed on Thursday, slightly below the 0.3% increase expected by economists in a Reuters poll.
UPDATE 1-Trump says trade deal between US, UK to be comprehensive
uk_domestic
05/08/2025
Story Text: U.S. President Donald Trump said on Thursday that an agreement with Britain would be a full and comprehensive one, amid expectations the two countries would soon sign a trade deal.
Story Text: Chipmaker Microchip Technology <MCHP.O> forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips.
UPDATE 1-Mexican repatriations from US ramped up in recent weeks, president says
ca_news
05/08/2025
Story Text: Mexican President Claudia Sheinbaum on Thursday said that repatriations of Mexican citizens from the United States had increased in recent weeks, mostly via flights, as the U.S. government ramps up deportations of migrants across the region.
JP Morgan creates new green banking leadership role
uk_business
05/08/2025
Story Text: JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.
Pope who? Election of first US pontiff stuns St. Peter's crowd
uk_news
05/08/2025
Story Text: When Cardinal Dominique Mambertì appeared on the central balcony of St. Peter's Basilica and uttered the fateful Latin phrase Habemus Papam (We have a pope), more than a hundred thousand people cheered.
Euro zone bonds yields nudge higher, gilts spike on BoE cut
us_economy
05/08/2025
Story Text: Euro zone government bond yields nudged higher on Thursday, but held largely steady after the Bank of England cut rates and suggested it needed to adjust policy gradually.
Trump taking harder approach towards Russia, says US former adviser
us_news
05/08/2025
Story Text: President Donald Trump is adopting a tougher approach towards Russia to secure the ceasefire he promised when he took office after becoming really aligned with Ukraine, the U.S. leader's former special representative said on Thursday.
Story Text: The Bank of England nBEL8GELAK cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, though with an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth.
UK-India trade pact to be signed after three months, India official says
business
05/08/2025
Story Text: A bilateral trade deal between India and the United Kingdom could be signed after three months and will take over a year to implement, an Indian government official said on Thursday.
UPDATE 1-Indonesia's FX reserves fall to five-month low in April
us_economy
05/08/2025
Story Text: Indonesia's foreign exchange reserves fell to a five-month low of $152.5 billion in April following currency intervention to support the rupiah, which hit record lows against the dollar last month, Bank Indonesia (BI) said on Thursday.
UPDATE 5-'Friends of steel': Xi and Putin pledge to stand together against US
ca_news
05/08/2025
Story Text: Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be friends of steel , as they pledged to raise cooperation to a new level and decisively counter the influence of the United States.
FOREX-Dollar on front foot after Fed signals no rush to cut rates
business_news
05/08/2025
Story Text: The U.S. dollar held steady against the euro on Thursday following its biggest rise in two weeks a day earlier, when the Federal Reserve warned of rising risks to the economy from higher inflation https://www.reuters.com/business/fed-likely-leave-rates-unchanged-it-hunts-clarity-economy-2025-05-07/ and unemployment.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
TRNI-Data Privacy
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
UPDATE 2-Hamas says it is engaged in 'fierce fighting' in Gaza's Rafah
uk_news
05/08/2025
Story Text: Hamas militants were engaged in fierce fighting with Israeli soldiers on Thursday in the south of the Gaza Strip near Rafah, the Palestinian militant group said.
UPDATE 1-Mali pressed to pay 'enormous' debt for regional dam, document says
rcom_energy
05/08/2025
Story Text: Mali owes more than $94 million to the entity managing a dam which also provides power to Senegal and Mauritania, and the debt has become a question of life and death for its ability to continue operating, according to a letter seen by Reuters.
Russia deployed missile in attack on Ukraine's Poltava region, governor says
ca_news
05/08/2025
Story Text: Russian forces deployed a missile in central Ukraine's Poltava region on Thursday, a top regional official said, an attack that occurred during Moscow's proclaimed three-day ceasefire to mark the defeat of Nazi Germany in World War Two.
INDIA RUPEE-Rupee to recover; spotlight on India-Pakistan tensions
top_india
05/08/2025
Story Text: The Indian rupee is likely to inch higher at the open on Thursday, with traders keeping an eye on tensions between India and Pakistan, and on the U.S. dollar, which found support following the Federal Reserve's policy meeting.
Stablecoin bill fails to clear key hurdle in U.S. Senate
global_technology
05/08/2025
Story Text: Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate.
UPDATE 1-Rubio urges India and Pakistan to de-escalate, backs direct dialogue
global_world
05/08/2025
Story Text: Secretary of State Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with Indian External Affairs Minister Subrahmanyam Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, U.S. State Department spokesperson Tammy Bruce said.
UPDATE 1-Mexican repatriations from US ramped up in recent weeks, president says
us_news
05/08/2025
Story Text: Mexican President Claudia Sheinbaum on Thursday said that repatriations of Mexican citizens from the United States had increased in recent weeks, mostly via flights, as the U.S. government ramps up deportations of migrants across the region.
UPDATE 1-Polish construction company Budimex's first-quarter net profit falls 4%
uk_business
05/08/2025
Story Text: Poland's biggest construction and engineering company Budimex <BDXP.WA> reported a 4.0% drop in first-quarter net profit to 114.3 million zlotys ($30.3 million) on Thursday, as harsh weather affected sales of construction and assembly services in Central and Eastern Europe.
UPDATE 3-Shopify sees strong revenue as e-commerce business grows despite tariff gloom
us_business
05/08/2025
Story Text: Shopify <SHOP.TO> <SHOP.O> is seeing steady growth in the number of merchants signing up on its e-commerce platform and no weakness so far in consumer demand, the Canadian company said on Thursday, easing some investor fears of a tariff-induced hit.
UPDATE 3-Holiday Inn owner IHG confident US domestic demand will deliver profit growth
us_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group <IHG.L> said on Thursday it is on track to meet analysts' profit expectations after reporting growth in U.S. room revenues that outpaced rivals. The United States is IHG's largest market, which faces heightened recession risks due to a global trade war sparked by President Donald Trump's tariffs, prompting IHG's peers Marriott nL4N3RE0SW <MAR.O> and Hilton nL4N3R70TS <HLT.N> to cut their full-year guidance.
RPT-ANALYSIS-Global militaries to study India-Pakistan fighter jet battle
global_world
05/08/2025
Story Text: A dogfight between Chinese-made Pakistani jets and French-made Indian Rafale fighters will be closely scrutinized by militaries seeking insights that could offer an edge in future conflicts.
Story Text: The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of a trade deal between the United States and Britain, while sterling reversed gains made after an interest rate cut from the Bank of England.
Trump administration health research cuts total $1.8 billion, analysis finds
us_usreport
05/08/2025
Story Text: In a roughly five-week period this year, the U.S. National Institutes of Health terminated $1.81 billion in medical research funding, according to a new analysis.
US Cash Products-Midwest Group 3 diesel rises as buyers emerge
rcom_energy
05/08/2025
Story Text: Cash differentials for diesel rose on Thursday in the U.S. Midwest's Group 3 spot market after multiple bidders lined up to buy supplies, traders said.
EXPLAINER-Republicans weigh cuts to Medicaid that could dramatically affect millions
us_news
05/08/2025
Story Text: President Donald Trump https://www.reuters.com/world/us/donald-trump/'s fellow Republicans in the U.S. Congress are weighing steep cuts to the Medicaid health program as part of a wide-ranging budget package https://www.reuters.com/world/us/us-house-republicans-wrestle-with-trump-tax-cuts-medicaid-needs-2025-04-28/ that also would cut taxes and raise spending on defense and border security.
India's Sula Vineyards' quarterly profit drops on weak urban consumption
business
05/08/2025
Story Text: India's biggest winemaker Sula Vineyards <SULA.NS> reported a nearly 4% fall in fourth-quarter profit on Thursday, hurt by a prolonged slowdown in urban consumption.
ANALYSIS-Australia's stocks shine as global money seeks US alternatives
uk_business
05/08/2025
Story Text: Foreign investors have been turning to Australia's domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.
New Mediterranean fuel rule helps bring more Doba crude to Europe
rcom_energy
05/08/2025
Story Text: Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources.
UPDATE 2-Tesla's India head resigns as company prepares for country launch, Bloomberg News reports
business
05/08/2025
Story Text: Tesla's <TSLA.O> country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world’s third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
global_technology
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
Monster Beverage posts surprise fall in quarterly net sales on choppy demand
ca_business
05/08/2025
Story Text: Monster Beverage <MNST.O> reported a surprise fall in first-quarter revenue on Thursday, signaling consumers in the U.S. pared back spending on pricey energy drinks amid economic uncertainty.
Haiti gangs' US terrorism designation risks harming most vulnerable, NGOs warn
us_news
05/08/2025
Story Text: The designation of Haiti's major gangs as terrorists by Washington could risk further entrenching their power by limiting financial and humanitarian aid, NGOs focused on organized crime and human rights have warned.
In his first appearance, Pope Leo offers three big clues about his papacy
ca_news
05/08/2025
Story Text: From his first moments on the balcony of St. Peter's Basilica, Pope Leo XIV nL8N3RA2F9 gave three important clues about what kind of leader of the 1.4-billion-member Catholic Church he will be.
UPDATE 3-Holiday Inn owner IHG confident US domestic demand will deliver profit growth
ca_business
05/08/2025
Story Text: Holiday Inn owner InterContinental Hotels Group <IHG.L> said on Thursday it is on track to meet analysts' profit expectations after reporting growth in U.S. room revenues that outpaced rivals. The United States is IHG's largest market, which faces heightened recession risks due to a global trade war sparked by President Donald Trump's tariffs, prompting IHG's peers Marriott nL4N3RE0SW <MAR.O> and Hilton nL4N3R70TS <HLT.N> to cut their full-year guidance.
UPDATE 1-Talen Energy mulls options to supply data centers after Amazon setback
ca_business
05/08/2025
Story Text: Talen Energy <TLN.O> is considering alternative arrangements to supply electricity to data centers after regulators pushed back https://www.reuters.com/business/energy/us-regulators-reject-amended-interconnect-agreement-amazon-data-center-2024-11-02/ on a plan to fuel an Amazon data center directly from Talen's Pennsylvania nuclear power plant, executives with the U.S. power company said on Thursday.
ANALYSIS-Scarred UK assets soothed by US trade pact, BoE rate cuts
uk_domestic
05/08/2025
Story Text: Investors are betting on long-depressed UK markets as a U.S. trade deal nL1N3RG0BS, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar.
Trump taking harder approach towards Russia, says US former adviser
uk_news
05/08/2025
Story Text: President Donald Trump is adopting a tougher approach towards Russia to secure the ceasefire he promised when he took office after becoming really aligned with Ukraine, the U.S. leader's former special representative said on Thursday.
UPDATE 5-Canadian Natural reports first-quarter profit beat and record oil and gas output
ca_business
05/08/2025
Story Text: Canadian Natural Resources Ltd <CNQ.TO>, the country's largest oil producer, reported a better-than-expected first-quarter profit and record production on Thursday, helped by stronger Canadian heavy crude prices that persist in the wake of the opening of additional pipeline export capacity last year.
UPDATE 10-Airlines re-route, cancel flights due to India-Pakistan fighting
top_india
05/08/2025
Story Text: Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck https://www.reuters.com/world/asia-pacific/multiple-loud-explosions-heard-pakistani-kashmir-reuters-witness-2025-05-06/ nine sites in Pakistan, raising fears of an escalation.
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
ca_business
05/08/2025
Story Text: The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs.
GRAPHIC-Global central banks diverge as tariff risks hamper US Fed
us_economy
05/08/2025
Story Text: Big central banks are diverging as White House tariffs https://www.reuters.com/business/tariffs/ threaten to raise U.S. inflation and a dash out of the dollar sparks disinflationary currency strength elsewhere.
UPDATE 3-Bank of England cuts rates in split decision before US tariff deal
us_business
05/08/2025
Story Text: The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
UPDATE 4-Burger King-parent Restaurant Brands' quarterly results miss on weak demand
us_business
05/08/2025
Story Text: Restaurant Brands <QSR.N> <QSR.TO> missed first-quarter revenue and profit estimates on Thursday, hurt by sluggish demand at its restaurant chains such as Burger King and Tim Hortons amid tariff-related uncertainty.
INDIA STOCKS-Indian benchmarks tepid as traders gauge geopolitical tensions, Fed comments
top_india
05/08/2025
Story Text: Indian benchmark indexes were subdued on Thursday, as investors weighed geopolitical tensions with Pakistan, persistent concerns over inflation and unemployment risks in the United States.
Tennis-Osaka inspired by Agassi's comeback as she embraces clay court grind
global_sport
05/08/2025
Story Text: Four times Grand Slam champion Naomi Osaka said this year's clay court swing feels different as she enters it with momentum, having picked up wins and confidence in the recent weeks.
QUOTES-Reaction to Cardinal Prevost becoming Pope Leo XIV, first US pontiff
uk_news
05/08/2025
Story Text: Cardinal Robert Prevost was elected in a surprise choice to be the new leader https://www.reuters.com/world/conclave-live-updates-cardinals-meet-elect-successor-pope-francis-2025-05-07/ of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first U.S. pontiff.
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
ca_news
05/08/2025
Story Text: A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board.
UPDATE 3-FEMA chief fired after breaking with Trump on disaster agency's future
us_usreport
05/08/2025
Story Text: Cameron Hamilton, the acting director of the Federal Emergency Management Agency, has been ousted from his position by Homeland Security Secretary Kristi Noem, a day after he told lawmakers in a hearing that he did not support eliminating his agency.
Chinese premier to visit Malaysia for key ASEAN-Gulf summit, sources say
south_east_asia_top_news
05/08/2025
Story Text: Chinese Premier Li Qiang will visit Malaysia in late May for a summit with a newly established super-group of Southeast Asian and Arab nations which Beijing hopes to rally against Washington's tariffs, two sources told Reuters.
UPDATE 3-Apollo-backed Aspen Insurance valued at $3 billion as shares jump in NYSE debut
ca_business
05/08/2025
Story Text: Aspen Insurance <AHL.N> secured a valuation of $3.05 billion after its shares jumped 10.8% on Thursday in their New York Stock Exchange debut, as the IPO market returns to action after tariff-driven volatility paused activity.
Cricket-Punjab v Mumbai IPL match moved from Dharamshala to Ahmedabad
top_india
05/08/2025
Story Text: Sunday's Indian Premier League match between Punjab Kings and Mumbai Indians has been moved from Dharamshala to Ahmedabad, India's cricket board (BCCI) said on Thursday, amid fears of an escalation in the conflict with Pakistan.
Golf-PGA of America to give away 3,000 Ryder Cup tickets in New York area
north_american_sports
05/08/2025
Story Text: The PGA of America will distribute 3,000 tickets to this year's Ryder Cup nL1N3RE0UL at Bethpage Black in New York as part of a fan engagement initiative dubbed The People's Perk, the biennial competition's co-organisers said on Wednesday.
Story Text: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.
Taiwan president marks World War Two anniversary, warning indulging aggressors only whets appetite for expansion
uk_news
05/08/2025
Story Text: Taiwan and Europe face the same threat from authoritarianism, President Lai Ching-te said on Thursday, marking 80 years since the end of World War Two in Europe and warning that indulging aggressors only whets their appetite for expansion.
ANALYSIS-Australia's stocks shine as global money seeks US alternatives
us_business
05/08/2025
Story Text: Foreign investors have been turning to Australia's domestically focused stocks, choosing an often overlooked market as a trade-war hideout with a cheap currency and resilient economy.
Albania's Rama seeks fourth term in election dominated by graft, EU membership
uk_news
05/08/2025
Story Text: Ilir Rranci moved to a hamlet outside the Albanian city of Elbasan for the view of snow-capped peaks and a garden big enough for fruit trees, chickens and turkeys. Today, however, the surrounding scenery is obstructed by a multicoloured mountain of rubbish from a next-door landfill.
ANALYSIS-Investors add Fed rate uncertainty to tariff murkiness
us_economy
05/08/2025
Story Text: Investors grappling with uncertainty over the economic fallout from President Donald Trump's tariffs are facing the likelihood that the chaotic trade backdrop means the path of monetary policy remains up in the air.
Pound little changed as US trade deal touted, BoE rate cut eyed
uk_business
05/08/2025
Story Text: The British pound was steady on Thursday after a report said that U.S. President Donald Trump was set to announce a trade deal nL1N3RG01P between the U.S. and Britain, with the market's focus turning to an expected rate cut from the Bank of England later in the day.
CANADA STOCKS-TSX futures rise on trade deal optimism
ca_business
05/08/2025
Story Text: Futures tied to Canada's main stock index rose on Thursday, tracking a global market rally, spurred by U.S. President Donald Trump's promise of the first trade deal in his global tariff war.
UPDATE 2-Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder
TRNI-Banking
05/08/2025
Story Text: Carlyle Group <CG.O> will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain.
FOREX-Dollar on front foot after Fed signals no rush to cut rates
uk_business
05/08/2025
Story Text: The U.S. dollar held steady against the euro on Thursday following its biggest rise in two weeks a day earlier, when the Federal Reserve warned of rising risks to the economy from higher inflation https://www.reuters.com/business/fed-likely-leave-rates-unchanged-it-hunts-clarity-economy-2025-05-07/ and unemployment.
Asian banks see big boost to wealth business as currencies rally
us_business
05/08/2025
Story Text: A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say.
US STOCKS-US stock futures rise on news of imminent trade deal with Britain
us_news
05/08/2025
Story Text: U.S. stock index futures gained on Thursday on news that the Trump administration was on the cusp of a trade agreement with Britain, while chip stocks advanced on the prospect of fewer export curbs on AI semiconductors.
Lithuania's parliament approves exit from landmines treaty amid Russia threat
global_world
05/08/2025
Story Text: The Lithuanian parliament on Thursday voted in favour of withdrawing from the Ottawa Convention that bans the use of anti-personnel landmines amid concerns over the military threat posed by neighbouring Russia.
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
ca_business
05/08/2025
Story Text: U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed.
Moroccan exchange to launch derivatives within weeks, CEO says
business_news
05/08/2025
Story Text: Morocco's Casablanca Stock Exchange expects to launch a new derivatives market within weeks as part of an effort to boost liquidity in one of Africa's largest exchanges, its chief executive told Reuters.
Dozens of Gaza communal kitchens shut as supply runs out, worsening hunger
uk_news
05/08/2025
Story Text: Dozens of community kitchens in Gaza shut their doors on Thursday due to a lack of supplies, closing off a lifeline used by hundreds of thousands of people in a further blow to efforts to combat growing hunger https://www.reuters.com/business/healthcare-pharmaceuticals/gaza-hunger-crisis-ripples-across-health-sector-israeli-blockade-endures-2025-05-07/ in the enclave.
EMERGING MARKETS-Stocks slip, FX flat as markets assess US-China tariff stance; trading in Pakistan halted
business
05/08/2025
Story Text: A gauge tracking emerging market equities continued to fall for the third consecutive session on Thursday as investors grappled with the latest mixed signals surrounding U.S.-China trade discussions, while trading in Pakistan's stocks was temporarily halted after a sharp fall.
UPDATE 5-AI execs say US must increase exports, improve infrastructure to beat China
us_usreport
05/08/2025
Story Text: Top executives at American AI giants OpenAI, Microsoft <MSFT.O> and Advanced Micro Devices <AMD.O> said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing.
IMF says Nigeria repays $3.4 billion COVID-19 funding
top_news
05/08/2025
Story Text: Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday.
Fitch says Gabon averted default, regional bond swap not distressed exchange
business_news
05/08/2025
Story Text: Gabon's recent swap of regional market bonds and bills did not amount to a distressed debt exchange, which means the country avoided a default, rating company Fitch said on Thursday.
UPDATE 3-Sports brand Puma adapts supply chain for China tariffs impact, hints at US price hikes
uk_business
05/08/2025
Story Text: German sportswear brand Puma <PUMG.DE> has reduced the amount of merchandise it ships to the United States https://www.reuters.com/world/us/ from China https://www.reuters.com/world/china/ to adapt its supply chain to tariffs https://www.reuters.com/business/tariffs/, and could increase prices in the U.S., the chief financial officer said on Thursday.
UPDATE 4-North Korea fires short-range missiles possibly in performance test for export
south_east_asia_top_news
05/08/2025
Story Text: North Korea fired what appeared to be multiple short-range ballistic missiles off its east coast, South Korea's military said on Thursday, possibly to test the performance and stability of various projectiles intended for export.