Italian banks must invest more in technology, central bank says ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said on Friday, urging lenders to step up spending to support innovation in their offer of financial services. Italian banks have increased their investments in innovative ..read more

UK supermarket sales set for Euro 2024 fillip, says NIQ LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday. Market researcher NIQ said sales at ..read more

Euro zone inflation rises in fresh signal for ECB caution By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to reach its goal of fully reining in prices. The bigger-than-expected increase in inflation was unlikely ..read more

CARV brings on Animoca Brands as strategic investor and node operator SANTA CLARA, California, May 31st, 2024, Chainwire CARV, the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an ..read more

WhiteBIT Joins Fireblocks Network to Scale Its Institutional Business Vilnius, Lithuania, May 30th, 2024, FinanceWire WhiteBIT, one of Europe’s largest crypto exchanges, has announced its integration with Fireblocks, an enterprise platform designed to manage digital asset operations and build innovative blockchain businesses. The integration opens up access to WhiteBIT’s liquidity and trading tools for over ..read more

Dell shares slump as heavy AI investments expected to dent margin (Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $21 billion in market value, if losses hold. The stock has risen ..read more

Dollar slides after US inflation meets expectations in April By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2024 after data showed that U.S. inflation rose in line with expectations in April. The personal consumption expenditures (PCE) price index increased 0.3 ..read more

Oil set for weekly loss ahead of OPEC+ meeting By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group’s output cuts. Brent futures for July delivery were down 32 cents ..read more

Stocks lose steam after U.S. data By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year. The U.S. Commerce Department said ..read more

European shares rise after US inflation data keeps Fed rate cut hopes alive By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal Reserve, while June rate cut bets for the euro zone remained intact despite hotter than expected ..read more