Reuters

MADRID (Reuters) - Spain, Ireland and other European Union member countries plan to recognise a Palestinian state on May 21, the EU's foreign policy chief, Josep Borrell, said late on Thursday ahead of an expected U.N. vote on Friday on a Palestinian bid to become a full member.

Spanish Prime Minister Pedro Sanchez said in March that Spain and Ireland, along with Slovenia and Malta, had agreed to take the first steps towards recognition of a... (continue reading...)

By Anna Tong

(Reuters) -OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google.

The announcement date, though subject to change, has not been previously reported. Bloomberg and the Information have reported that Microsoft-backed OpenAI is working on a search product to potentially compete with... (continue reading...)

(Reuters) - Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer last year.

Target plans to offer the full assortment of the merchandise online but is examining store-level data to decide which physical locations will carry the products, the report said, citing people familiar with the matter.

Target is... (continue reading...)

By Sudarshan Varadhan

SINGAPORE (Reuters) -Oil rose on Friday, set for a weekly gain, as data this week from the U.S. and China, the world's two largest crude users, pointed to higher demand and continuing uncertainty over the Gaza war supported prices.

Falling U.S. crude inventories spurred by higher refinery runs coincided with data released on Thursday showing China's oil imports in April were higher than last year on signs of improving... (continue reading...)

By Vidya Ranganathan

SINGAPORE (Reuters) -The U.S. dollar steadied in Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.

Against the Japanese yen, the dollar was trading at 155.615 yen, off lows but unable to reclaim Thursday's 155.95 high. The euro stood at $1.0776, almost flat after a 0.3%... (continue reading...)