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Morning Bid: Rate cut hopes fan risk rally May 10, 2024 12:37AM

A look at the day ahead in European and global markets from Ankur Banerjee

Investors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the Bank of England opened the door to rate cuts, taking London stocks to record highs and weighing on the sterling.

Key economic data, including first quarter GDP figures for the UK, will likely sway the markets on Friday.

Britain's... (continue reading...)


Ukraine's air force says it destroyed 10 Russia-launched drones May 10, 2024 12:37AM

(Reuters) - Ukraine's air defence systems destroyed all 10 attack drones that Russia launched overnight, Ukraine's air force said on Friday.

The air force said in a statement on the Telegram messaging app that Russia also launched two anti-aircraft guided missiles.

It was not clear what happened to the missiles.

Oleh Sinehubov, governor of the Kharkiv region in Ukraine's northeast, said that three residential houses were... (continue reading...)


Calpers weighs vote against Exxon CEO, FT reports May 10, 2024 12:25AM

(Reuters) - Calpers, the U.S.’s biggest public pension plan, is considering a vote against ExxonMobil chief executive Darren Woods’ re-election to the company board, the Financial Times reported on Friday.

(Reporting by Kanjyik Ghosh;Editing by Nivedita Bhattacharjee)


UN General Assembly set to back Palestinian bid for membership May 10, 2024 12:03AM

By Michelle Nichols

UNITED NATIONS (Reuters) - The United Nations General Assembly on Friday is set to back a Palestinian bid to become a full U.N. member by recognizing it as qualified to join and sending the application back to the U.N. Security Council to "reconsider the matter favorably."

The Palestinians are reviving their bid to become a full U.N. member - a move that would effectively recognize a Palestinian state - after the... (continue reading...)


Australian regulator says Musk's X should not set limits of internet law May 9, 2024 11:55PM

By Byron Kaye

SYDNEY (Reuters) - Elon Musk's X has policies to take down harmful content when it chooses but should not be allowed to overrule Australian law in deciding what can be viewed there, a lawyer for the cyber regulator told a hearing into video of a bishop being stabbed.

X, formerly Twitter, is fighting an order by the e-Safety Commissioner to remove 65 posts showing video of an Assyrian Christian bishop being knifed mid-sermon... (continue reading...)


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