Reuters

CAIRO (Reuters) - Talks involving Qatari, Egyptian and U.S. mediators aimed at reaching a ceasefire between Israel and Hamas in the Gaza war were still underway on Thursday but had shown no sign of a breakthrough, two Egyptian security sources said.

The talks began on Wednesday, when CIA director William Burns met senior officials from Qatar and Egypt in Doha to discuss a proposal that U.S. President Joe Biden publicly endorsed last week. Biden... (continue reading...)

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.

Revenue in the three-month period starting April would also nearly double to about $2.3 million, the company added.

Nio also saw its net profit in the first quarter grow 9.4% from the same period in 2023.

... (continue reading...)

By Kirsty Needham and Andrew Silver

SYDNEY/SHANGHAI (Reuters) - Employees of drugmaker WuXi AppTec, under U.S. scrutiny for its links to the Chinese military, co-invented altitude sickness treatments with People's Liberation Army (PLA) scientists, according to public patent records and science papers reviewed by Reuters.

The news agency identified 10 patent filings that list six of WuXi AppTec's staff as co-inventors of altitude sickness... (continue reading...)

(Reuters) - The S&P 500 and the Dow futures were little changed on Thursday as investors awaited fresh data to gauge the U.S. labor market strength, while the Nasdaq futures inched higher as gains in AI-favorite Nvidia boosted optimism around the tech sector.

A tech rally on Wednesday drove the S&P 500 and the Nasdaq to all-time highs, as a string of weakening economic data boosted bets that the Federal Reserve could start easing policy sooner than... (continue reading...)

LONDON (Reuters) -Remy Cointreau's shares rose more than 6% on Thursday after the drinks company expressed confidence about future growth following a tough year where profits fell sharply.

The maker of Remy Martin cognac and Cointreau liquor faced difficulties throughout the year in the United States and China, which make up the vast majority of cognac sales.

A tough economy dragged in China while elevated inventories in the United States... (continue reading...)