by Reuters | May 2, 2024 | General
By Laurie Chen and Michel Rose BEIJING/PARIS (Reuters) -Chinese President Xi Jinping heads to Europe for the first time in five years next week in a visit that may lay bare European divisions over trade with Beijing and how the continent positions itself as a pole...
by Reuters | May 2, 2024 | General
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, following a years-long slump. Sales to Chinese smartphone makers jumped...
by Reuters | May 2, 2024 | General
By Sabrina Valle and Liz Hampton HOUSTON (Reuters) -U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to...
by Reuters | May 2, 2024 | General
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring...
by Reuters | May 2, 2024 | General
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that should continue to underpin the economy in the second quarter....
