News
European shares subdued as Mideast tensions outweigh ASML’s strong forecast
1+ hour, 23+ min ago (250+ words) July 15 (Reuters) – European shares were subdued on Wednesday as gains in technology stocks following strong forecasts from chip equipment maker ASML were overshadowed by caution over escalating tensions in the Middle East. The pan-European STOXX 600 index slipped 0.1% to 641.07 points by…...
Cartier-owner Richemont’s jewellery sales boom lifts quarterly sales
2+ hour, 58+ min ago (318+ words) ZURICH, July 15 (Reuters) – Cartier brand owner Richemont reported better-than-expected results for its first quarter on Wednesday, helped by booming demand for its rings, bracelets and necklaces in Asia and the Americas. The company’s shares were indicated nearly 8% higher in premarket…...
Intel turns to next-generation ASML tool to help make its laptop chips
3+ hour, 32+ min ago (272+ words) SAN FRANCISCO, July 14 (Reuters) – Intel has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday, a move that will help the chipmaker learn to use the tool…...
US drivers may soon see pump prices climb back up to $4
10+ hour, 23+ min ago (547+ words) NEW YORK, July 14 (Reuters) – Americans could soon see gasoline prices top $4 a gallon again as renewed hostilities between the U.S. and Iran have pushed energy prices higher by paralyzing traffic through the Strait of Hormuz, a critical route for global…...
Taiwan’s premium mangoes wing their way to Europe for the first time
6+ hour, 28+ min ago (421+ words) TAICHUNG/TAITUNG, Taiwan, July 15 (Reuters) – Plump, juicy and fragrant, Taiwanese mangoes have long been a top draw for foodies, but traditionally those wanting to experience them have generally had to travel to the island. Starting this year, however, the yellow…...
Trump administration sued by environmental groups for rescinding definition of ‘harm’
11+ hour, 53+ min ago (328+ words) July 14 (Reuters) – The Trump administration was sued on Tuesday by nine environmental groups that said its recent decision to rescind a more than 50-year-old definition of “harm” imperiled wildlife. In a complaint filed in Seattle federal court, the groups challenged…...
Low Rhine water levels pose cost and logistics threat to German industry, analysts say
18+ hour, 13+ min ago (508+ words) HAMBURG, July 14 (Reuters) – Low water levels on Germany’s Rhine river are raising cargo transport costs and disrupting logistics, adding pressure to Germany’s fragile economic recovery, analysts said on Tuesday. The Rhine is crucial for transporting raw materials, fuel products and…...
German media regulator says Google’s AI Overviews subject to German media law
19+ hour, 53+ min ago (382+ words) BERLIN, July 14 (Reuters) – Germany’s media regulator said on Tuesday that Google’s AI Overviews and Perplexity AI are subject to the country’s media laws, stepping up scrutiny of AI-generated content after a German court found Google liable for inaccurate information produced…...
OSF adds technology to help assist with brain and spine surgeries
23+ hour, 14+ min ago (132+ words) PEORIA, Ill. – A new technology arriving at OSF Healthcare will help people in need of complex brain and spine surgery. OSF announced on Monday that Saint Francis Medical Center is the first hospital in the state with the Medtronic Stealth AXiS…...
Goldman’s profit jumps on trading surge, corporate deal spree
21+ hour, 3+ min ago (608+ words) July 14 (Reuters) – Goldman Sachs raked in higher profit in the second quarter as dealmaking picked up pace and market volatility due to the Middle East war boosted equities business to a record. Inflation risks, elevated oil prices and uncertainty over…...