Reuters Financial News

Eve has showcased for the first time the full-scale prototype of its "flying taxi," achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled by Embraer, rolled out its electric vertical take-off and landing (eVTOL) aircraft prototype at an event with investors and clients at the Brazilian planemaker's Gaviao Peixoto plant on July 3. The company is one of a bevy of startups worldwide developing battery-powered aircraft that can take off and land vertically to ferry travelers on short city trips, allowing them to beat traffic.

worldwide are experiencing a 'recovery' phase following a major outage. The disruption has impacted a range of institutions, including airports, businesses, media broadcasting, the stock market, government offices, and hospitality.1. Microsoft Chairman and CEO Satya Nadella on Friday took to X and wrote, “We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online."2.

Joe Biden's reelection campaign fundraisers are on hold, multiple Democratic sources involved in the events told Reuters on Friday, even as the Democratic Party planned to accelerate his nomination and he vowed to continue in the 2024 race. Biden had planned to raise money in Austin, Denver and California next week, but these plans have been shelved, at least for now, the sources said. The president tested positive for COVID-19 on Wednesday but said Friday he would return to the campaign trail next week. Biden's campaign said his fundraisers would go ahead as planned. «Reuters' sourcing is incorrect, and we look forward to a robust fundraising schedule,» campaign spokesman Kevin Munoz said on Friday.

body shaming and freedom of speech to the fore, a Milan court has ordered a journalist to pay Italian Prime Minister Giorgia Meloni damages of EUR 5,000 or $5,465 for making fun of her height in a social media post. It also awarded Giulia Cortese a suspended fine of EUR 1,200 for a jibe on Twitter, now known as X, reports Reuters. Giorgia Meloni compared to Benito Mussolini The controversy began in 2021 when Cortese published a mocked-up photo of Giorgia Meloni with a picture of the late fascist leader Benito Mussolini in the background. In the following tweet, the journalist wrote, «You don't scare me, Giorgia Meloni. After all, you're only 1.2 meters (4 feet) tall. I can't even see you.» The Italian prime minister launched legal action against the journalist after she clashed with her on social media.

European shares fell on Friday and were set for weekly losses, hurt by lower commodity prices and as a rout in global technology shares extended, while investors assessed more earnings updates. The pan-European STOXX 600 index fell 0.6% by 0715 GMT, slipping to a more than two-week low, amid a broader selloff across sectors.

Gold August futures opened lower by 0.72%, or Rs 534, at Rs 73,621 per 10 grams on Friday, while silver September futures contracts opened down by nearly 1%, or Rs 90,953 per kilogram. The yellow metal has traded flat, gaining only Rs 340 per 10 grams in the last week, while silver has dipped by Rs 2,100 per kilogram in the same period.

Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West Texas Intermediate (WTI) crude was up 6 cents at $82.91. Both had registered gains in the previous session.

Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its legacy TV networks in a bid to boost its flailing stock price, the Financial Times reported on Thursday. The media giant's shares jumped 6.5% in premarket trading.

rupee weakened against the dollar on Thursday, coming very close to its record low levels due to dollar outflows from corporates and volatility in oil prices, dealers said. The rupee closed at 83.650 against the US dollar on Thursday, versus the previous close of 83.582, LSEG data showed. The all time low of 83.6650 was on June 20

Ukraine, a handful of startups are developing Artificial Intelligence (AI) systems to help fly a vast fleet of drones, taking warfare into uncharted territory as combatants race to gain a technological edge in battle. Ukraine hopes a rollout of AI-enabled drones across the front line will help it overcome increasing signal jamming by the Russians as well as enable unmanned aerial vehicles (UAVs) to work in larger groups.

semiconductor technology, Bloomberg News reported on Tuesday. These measures would be applied to companies such as Tokyo Electron and ASML Holding NV, the report added, citing people familiar with the discussions.

retail sales proved to be firmer than expected, but was still soft enough to keep expectations intact for a rate cut from the Federal Reserve this year. U.S. retail sales were unchanged in June, topping expectations of economists polled by Reuters for a decline of 0.3%, as a drop in receipts at auto dealerships was offset by strength elsewhere, a show of consumer resilience that boosts economic growth prospects for the second quarter.

Gaza Strip on Tuesday, and Palestinian health officials said at least 57 people were killed in Israeli bombardments of southern and central areas. In Rafah, where Israeli forces have been operating since May, five Palestinians were killed in an airstrike on a house, Gaza health officials said. In nearby Khan Younis, a man, his wife, and two children were killed, they said. Later on Tuesday, an Israeli airstrike on a car killed at least 17 Palestinians and wounded 26 others in Khan Younis in southern Gaza, the officials said. The airstrike hit near a tented area housing displaced families in Attar Street in the humanitarian-designated area of Al-Mawasi, the health ministry said. The Israeli military said the strike targeted a senior militant of the Islamic Jihad group, an ally of Hamas.

Ironsides Macroeconomics Managing Partner Barry Knapp discusses the 'era of financialization' on the 'Unbreakable Investor' town hall on 'Making Money.'

inflation data is allowing the Federal Reserve to begin a «very reasonable» shift toward easing rates, but a still-strong U.S. labor market means that there's no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. Gourinchas said in an interview accompanying the release of new IMF growth forecasts on Tuesday it is better for the Fed to wait a bit longer to ensure there are no further upside surprises on inflation like those in the first quarter that delayed expected rate cuts to later this year. «Given the good news on inflation, it's very natural that the Federal Reserve is now starting to look at what's happening in the labor market and wanting to make sure that they don't overdo it» with tight monetary policy, Gourinchas said.

The failed assassination of Donald Trump has spurred a lot of questions and concerns since Saturday, one of the biggest being how the U.S. Secret Service could let something like this happen.

Powell participates in a discussion at the Economic Club of Washington, D.C.

BEIJING — China's National Bureau of Statistics on Monday said the country's second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll.

economic recovery. The official data released on Monday by the National Bureau of Statistics (NBS) came above expectations for a 5.0% increase in a Reuters poll of analysts. Retail sales, a gauge of consumption, rose 2.0% in June, slowing significantly from a 3.7% increase in May. Analysts had expected retail sales to grow 3.3%.

Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter told Reuters on Sunday. A deal could come together soon, the source said, requesting anonymity as the discussions are confidential.

OpenAI whistleblowers have filed a complaint with the U.S. Securities and Exchange Commission, calling for an investigation over the artificial intelligence company's allegedly restrictive non-disclosure agreements, according to a letter seen by Reuters. «Given the well-documented potential risks posed by the irresponsible deployment of AI, we urge the Commissioners to immediately approve an investigation into OpenAI's prior NDAs, and to review current efforts apparently being undertaken by the company to ensure full compliance with SEC rules,» according to the letter, which was provided to Reuters by the office of Sen. Chuck Grassley.