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Europe rallies ahead of first ECB rate cut in nearly 5 years Jun 5, 2024 10:31PM

By Marc Jones

LONDON (Reuters) - World stocks were on the brink of an all-time high and the euro rose on Thursday ahead of what was widely expected to be the European Central Bank's first interest rate cut in nearly five years.

With the long-awaited moment about to arrive, traders pushed the pan-European STOXX 600 up 0.3% in early deals and watched the MSCI 47-country main world index inch to within a point of a seemingly inevitable new... (continue reading...)


Meta faces call in EU not to use personal data for AI models Jun 6, 2024 01:02AM

By Foo Yun Chee

BRUSSELS (Reuters) -A Meta plan to use personal data to train its artificial intelligence (AI) models without seeking consent came under fire from advocacy group NOYB on Thursday, which called on privacy enforcers across Europe to stop such use.

NOYB (none of your business) urged national privacy watchdogs to act immediately, saying recent changes in Meta's privacy policy, which come into force on June 26, would allow it to... (continue reading...)


Salesforce to open first AI centre in London Jun 6, 2024 03:33AM

LONDON (Reuters) - Salesforce has picked London for its first AI centre, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills.

The U.S. cloud software company, which is hosting 18,000 people at its annual London World Tour event on Thursday, said a year ago it would invest $4 billion in Britain in the next five years, including in artificial intelligence innovation.

... (continue reading...)


Analysis-Pope's friends, observers try to make sense of homophobic PR disaster Jun 6, 2024 04:31AM

By Alvise Armellini

VATICAN CITY (Reuters) - Francis is a pope of many firsts: the first to use that name, the first from Latin America, the first from the Jesuit religious order. Since last week, he's also the first pope to apologise for using foul language.

Francis was quoted by Italian media as using the Italian term "frociaggine", roughly translating as "faggotness" or "faggotry", in a closed-door May 20 meeting with Italian bishops.

... (continue reading...)
Asian stocks see foreign outflows in May, India leads net selling Jun 6, 2024 04:24AM

By Gaurav Dogra

(Reuters) - Emerging Asian equity markets faced a second month of foreign outflows in May as robust U.S. economic data fuelled skepticism over Federal Reserve rate cuts.

Data from stock exchanges in India, Indonesia, Vietnam, Thailand, South Korea, the Philippines, and Taiwan revealed that overseas investors withdrew a net $3.58 billion out of regional equities last month, following a $4.92 billion worth of net selling in... (continue reading...)


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