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French antitrust watchdog dismisses complaint filed against Microsoft

PARIS (Reuters) -French antitrust watchdog on Thursday dismissed a complaint filed against Microsoft by local search engine Qwant which accused the U.S. company of abusing its dominant position. The Autorite de la Concurrence, as the watchdog is known, said Qwant failed to bring elements sufficiently ...
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French appeals trial over 2009 Rio-Paris crash reaches climax

By Tim Hepher PARIS (Reuters) -An eight-week Paris trial over the 2009 crash of an Air France jet with the loss of all 228 passengers and crew reached closing stages on Thursday as France's national carrier and Airbus battle charges of corporate manslaughter. ...
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Apple single-handedly drives Singles’ Day smartphone sales growth

SHANGHAI (Reuters) -Strong demand for Apple's iPhone during China's Singles' Day shopping festival single-handedly drove growth in smartphone sales during the period, research firm Counterpoint said on Thursday. Apple accounted for 26% of all smartphones sold over the month-long event, with total sales across brands ...
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Alibaba starts selling Quark AI glasses in China, enters global wearables race

SHANGHAI (Reuters) -Alibaba released on Thursday its new Quark artificial intelligence glasses in China, heralding the Chinese tech company's efforts to break into the AI wearables market dominated by Meta globally. Prices will start from 1,899 yuan ($268.25) for the ...
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JPMorgan to build huge new UK HQ in London’s Canary Wharf

By Iain Withers LONDON (Reuters) -JPMorgan said on Thursday it would build a 3-million-square-foot (280,000-square-metre) tower in the Canary Wharf financial district in East London, committing a big investment to Britain on the heels of a closely watched UK budget that has sought to reassure ...
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Remy Cointreau boss confident of returning to growth in second half

By Dominique Vidalon PARIS (Reuters) -Remy Cointreau's new boss on Thursday said the French spirits group is confident of returning to growth in its fiscal second half after cost cuts saw first-half operating profit fall less than feared, cushioning lower sales in the U.S. and ...
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Morning Bid: Is the dollar headed for the carvery?

A look at the day ahead in European and global markets from Tom Westbrook As markets settled in for the U.S. Thanksgiving lull on Thursday, the dollar was drifting towards its largest weekly decline in at least four months and traders' thoughts were turning to ...
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JP Morgan shifts outlook on Fed rate cut to December

(Reuters) -J.P. Morgan said on Wednesday it now expects the U.S. Federal Reserve to deliver a 25-basis-point rate cut in December, reversing its earlier call that policymakers would stay on hold until January. The shift follows comments from key officials, including New York Fed President ...
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Asian shares rise, taking their cue from Wall Street’s winning streak

MANILA, Philippines (AP) - Asian shares rose on Thursday, taking their cue from Wall Street, where a winning streak extended to a fourth straight day. U.S. futures were nearly unchanged while oil prices declined. Japan's Nikkei 225 added 1% to 50,069.33 as investors bet that the ...
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Toyota October output grows for fifth straight month on strong US demand

TOKYO (Reuters) -Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong U.S. demand for hybrid vehicles that offset weaker sales in Japan and China. Global output climbed 4% to 926,987 cars from a year earlier, ...
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Nvidia rebuts critics in memo to analysts amid pushback campaign 

By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia, the world's most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation, down from a historic $5 trillion, by waging an information campaign on Wall Street and social media. Last week, the company ...
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Dollar retreats, kiwi leaps as rate direction diverges

By Tom Westbrook SINGAPORE (Reuters) -The dollar was on the back foot on Thursday, with trade thinned ahead of the U.S. Thanksgiving holiday and investors turning to the coming year where a series of U.S. interest rate cuts are priced in. The yen drifted 0.4% higher ...
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