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UK public sector workers get above-inflation pay rises, worth 9 billion pounds

UK public sector workers get above-inflation pay rises, worth 9 billion pounds

LONDON (Reuters) -British public sector workers such as teachers and doctors are set to receive inflation-busting pay rises worth 9.4 ..

Nvidia supplier SK Hynix posts 6-year high profit on AI boom

Nvidia supplier SK Hynix posts 6-year high profit on AI boom

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursda..

Major Chinese banks cut deposit rates after reduction in lending rates

Major Chinese banks cut deposit rates after reduction in lending rates

BEIJING/SHANGHAI (Reuters) -Five of China’s major state-owned banks said on Thursday they would cut deposit rates, days after th..

Ford profit disappoints, stock falls 11% as quality issues dog automaker

Ford profit disappoints, stock falls 11% as quality issues dog automaker

By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker cont..

UK car output logs fourth consecutive monthly fall in June, data shows

UK car output logs fourth consecutive monthly fall in June, data shows

(Reuters) – UK’s car output fell for the fourth consecutive month in June, as more manufacturers wound down old models and..

Reckitt to offload homecare brands, consider nutrition options

Reckitt to offload homecare brands, consider nutrition options

By Agata Rybska (Reuters) – Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio ..

As losses mount, CrowdStrike says bug in quality-control process led to botched update

As losses mount, CrowdStrike says bug in quality-control process led to botched update

By James Pearson LONDON (Reuters) -A software bug in CrowdStrike’s quality-control system caused the software update that crashe..

Rheinmetall’s profit doubles as defence spending surges

Rheinmetall’s profit doubles as defence spending surges

  By Miranda Murray BERLIN (Reuters) -German arms manufacturer Rheinmetall more than doubled operating profit in the second quart..

Meta unveils biggest Llama 3 AI model, touting language and math gains

Meta unveils biggest Llama 3 AI model, touting language and math gains

  By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligenc..

Oil prices rise as US crude, fuel inventories seen shrinking

Oil prices rise as US crude, fuel inventories seen shrinking

By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling..