Business
Greece to raise monthly minimum wage by 6.4% to 830 euros
ATHENS (Reuters) - Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of ...
Musk's Grok-1.5 AI chatbot to be available next week
(Reuters) - Elon Musk's artificial intelligence startup xAI's latest Grok-1.5 chatbot will be available on his social media platform X next week, the billionaire said in a post on X on Friday. "Grok 2 should exceed current AI on all metrics. In ...
Fed's balancing act could see June rate cut in play even with sticky inflation
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without ...
Investors eye Fed rate cut, earnings as key to sustaining market rally
By David Randall NEW YORK (Reuters) - After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and ...
US probes Stellantis 2022 RAM truck models over K1 snap ring transmission failures
(Reuters) - The U.S. Office of Defect Investigations (ODI) has opened a preliminary evaluation of a failure of the K1 snap ring in Chrysler-parent Stellantis' year 2022 RAM 3500, 4500, and 5500 trucks, the National Highway Traffic Safety ...
China's red carpet draws CEOs but few expect their money to follow
By Joe Cash BEIJING (Reuters) - China's government devoted the week to a red carpet welcome for foreign executives to try to halt a retreat in corporate investment from a market once seen as the engine of global growth. But many executives leave ...
Panasonic to sell entire stake in autos business to Apollo Global-managed funds
TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 ...
New Yarmouth café looking to pay it forward to help others
Café Caye Mangé in Yarmouth, known for its plant-based culinary experiences under the visionary leadership of Chef Pamela Leonforde, is proudly unveiling its latest endeavor – the Pay It Forward Program. Café Caye Mangé officially opened its doors at ...
Old Xi Jinping speech sparks China monetary easing speculation
By Ryan Woo BEIJING (Reuters) - A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has ...
Japan's Nikkei posts biggest point gain for fiscal year
TOKYO (Reuters) - Japan's Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying. The index hit successive record highs this month, after ...