EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in 'Assassin's Creed' maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Ukraine warns of new Russian offensive; Sweden, Finland move closer to joining NATO

Ukraine warns of new Russian offensive;  Sweden, Finland move closer to joining NATO

Ukraine warns of new Russian southern offensive Strike force aimed at president’s hometown, says Ukraine US, Italy approve Finland, Sweden accession to NATO Ukraine calls on China to help end war, says SCMP KYIV/WASHINGTON, Aug 4 (Reuters) – Ukraine said Russia had started creating a military strike force aimed at President Volodymyr Zelenskiy’s hometown of … Read more

With eye on Russia, US Senate backs Finland and Sweden joining NATO

With eye on Russia, US Senate backs Finland and Sweden joining NATO

WASHINGTON, Aug 3 (Reuters) – The US Senate approved on Wednesday Finland and Sweden’s accession to NATO, the most significant expansion of the 30-member alliance since the 1990s as it responds to Russia’s invasion of Ukraine. The Senate voted 95 to 1 to support ratification of accession documents, easily surpassing the two-thirds majority of 67 … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

If you are high risk, do not wait for updated COVID vaccines, experts say

If you are high risk, do not wait for updated COVID vaccines, experts say

CHICAGO, July 29 (Reuters) – People at high risk of severe disease who have yet to get a second COVID-19 booster should not wait for next-generation, Omicron-targeted vaccines expected in the fall, five vaccine experts told Reuters. In many countries, including the United States, the BA.5 Omicron subvariant of the virus is surging, but current … Read more

Reinfection, severe outcome more common with BA.5 variant; virus spike protein toxic to heart cells

Reinfection, severe outcome more common with BA.5 variant;  virus spike protein toxic to heart cells

A medical worker administers a dose of the “Cominarty” Pfizer-BioNTech coronavirus disease (COVID-19) vaccine to a patient at a vaccination center in Ancenis-Saint-Gereon, France, November 17, 2021. REUTERS/Stephane Mahe/File Photo /File Photo Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – The following is a summary of some recent studies on … Read more

Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – … Read more

US Senate passes bill to boost chip manufacturing, compete with China

US Senate passes bill to boost chip manufacturing, compete with China

WASHINGTON, July 27 (Reuters) – The US Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games. The House of Representatives plans to vote on Thursday on … Read more

Russia cuts gas flows further as Europe makes savings plea

Russia cuts gas flows further as Europe makes savings plea

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/ Register now for FREE unlimited access to Reuters.com Register BERLIN/FRANKFURT, July 27 (Reuters) – Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and … Read more