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Burberry returns to growth as turnaround starts to bear fruit

By Yadarisa Shabong and Helen Reid (Reuters) -Burberry reported a 2% rise in second-quarter comparable store sales on Thursday, beating market expectations, as the British luxury brand's turnaround measures started to bear fruit and its China business showed signs of recovery. The return to growth ...
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Australia’s AUKUS base to connect to subsea cables as US allies boost AI pipes

By Kirsty Needham SYDNEY (Reuters) -Australia's AUKUS submarine fleet base and its vicinity are being quietly connected to three powerful new undersea internet cables planned by Alphabet's Google and SUBCO, documents viewed by Reuters show. The HMAS Stirling naval base on Australia's west coast will house ...
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ACS, BlackRock to seal $27 billion data centre deal, report says

MADRID (Reuters) - Spain's ACS is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock's Global Infrastructure Partners to develop data centres, newspaper Expansion reported on Thursday, citing unnamed market sources. Under this agreement, ...
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Asian shares are mixed after Wall Street drifted around its records

MANILA, Philippines (AP) - Asian shares traded mixed on Thursday after U.S. stocks drifted near their records. U.S. futures edged higher, while oil prices declined. Japan's Nikkei 225 rose 0.2% to 51,139.48 as investors took heart as the U.S. government shutdown finally ended. President Donald Trump ...
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Morning Bid: Deal after dinner as Trump signs end to shutdown

A look at the day ahead in European and global markets from Tom Westbrook U.S. President Donald Trump signed a bill ending the longest U.S. government shutdown on record with a late-night ceremony at the Oval Office, following a planned dinner with Jamie Dimon and ...
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Swiss negotiators head for next round of tariff talks in Washington

ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin is set to meet U.S. Trade Representative Jamieson Greer for trade talks on Thursday, broadcaster SRF said, as negotiations to lower President Donald Trump's crippling tariffs enter a crucial phase. Switzerland is trying to negotiate a reduction in ...
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Italy’s Bending Spoons ready for IPO, warns of AI bubble

By Elvira Pollina MILAN (Reuters) -Italian tech company Bending Spoons could list as early as next year, when it expects to double adjusted earnings after buying video streaming platform Vimeo and web portal AOL, its chief executive told Reuters. In a wide-ranging interview, one of Europe's ...
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Exclusive-GE Vernova, Siemens Energy in talks to supply gas turbines for Syria reconstruction, sources say

By Timour Azhari and Christoph Steitz RIYADH/FRANKFURT (Reuters) -U.S. firm GE Vernova and Germany's Siemens Energy are in talks to supply gas turbines to a $7 billion project aiming to rebuild Syria's war-damaged power sector, three people familiar with the matter told Reuters. Syria signed a ...
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Oil extends losses on US inventory build, OPEC forecast shift

(Reuters) -Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the U.S., the world's biggest crude consumer, reinforced concerns that global supply is more than ample to meet current fuel demand. Brent crude futures fell ...
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Yen squeezed, stocks firm as US shutdown set to lift

By Tom Westbrook SINGAPORE (Reuters) -Stocks and gold paused for breath on Thursday as the U.S. Congress voted to end the longest government shutdown on record, with markets waiting for the resumption of U.S. economic data to gauge the rates outlook. U.S. stock futures traded either ...
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Boeing ordered to pay more than $28 million to 737 MAX crash victim’s family

By Diana Novak Jones CHICAGO (Reuters) -A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than $28 million to the family of a United Nations environmental worker who was killed in the 2019 crash of a 737 MAX jet in ...
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Australia’s jobs roar back in October, rate cut prospects tumble

By Stella Qiu SYDNEY (Reuters) -Australian employment surged in October as firms took on more full-time workers, pulling the jobless rate down from a four-year high and bolstering a growing view that the current easing cycle may have run its course. The strong report sent the ...
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