Consumer confidence hits 16-year high in boost to economy
WASHINGTON (Reuters) – U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at …
Twitter to let advertisers buy video ads on Periscope
(Reuters) – Twitter Inc, trying to boost its sagging advertising revenue, will allow brands to buy commercials on its video streams for Periscope, signaling a major push to make money off the live-streaming platform, the company announced on Tuesday mo…
Trump to sign order sweeping away Obama-era climate policies
WASHINGTON (Reuters) – U.S. President Donald Trump will sign an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vo…
Tesla deal boosts Chinese presence in U.S. auto tech
DETROIT (Reuters) – China’s Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles an…
Facebook adds camera features, moving closer to Snapchat
SAN FRANCISCO (Reuters) – Facebook Inc is giving the camera a central place on its smartphone app for the first time, encouraging users to take more pictures and edit them with digital stickers that show the influence of rival Snapchat.
AI to become main way banks interact with customers within three years: Accenture
LONDON (Reuters) – Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report.
Trump applauds Ford’s previous planned investment in Michigan plants
DETROIT/WASHINGTON (Reuters) – Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. Presid…
Exclusive: Citigroup to seek bids for Asia general insurance distribution deal – source
SINGAPORE (Reuters) – Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter tol…
Uber to end services in Denmark after less than three years
COPENHAGEN (Reuters) – Ride-hailing group Uber Technologies [UBER.UL] will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday.
Changes: Five ways Brexit will transform the EU
BRUSSELS (Reuters) – Leaving the European Union, to be triggered by Prime Minister Theresa May on Wednesday, may transform Britain but it will also change the EU. Here’s how:
