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Firmer oil prices expected as demand builds and supply curbs persist - Reuters poll

Oil prices will gain some momentum this year as demand picks up and output curbs by the OPEC+ producer group continue to squeeze supply that is already being pressured by military conflicts, a Reuters poll showed on Thursday.

How the US stock market rocketed through the first quarter

The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities.

Mercedes partly loses class action case over diesel defeat devices

A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz over diesel emissions defeat devices.

Global smartphone market set to rebound in 2024, report says

Global smartphone shipments are expected to rebound 3% this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday.

Walgreens books $5.8-billion impairment charge on VillageMD investment

Walgreen Boots Alliance cut the higher end of its profit forecast for fiscal-year 2024 on Thursday, citing economic headwinds in its retail operations, and took a $5.8-billion impairment charge related to its VillageMD business.

Dutch government to launch plan to keep ASML in Netherlands

The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML , from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems.

How the oil industry is thriving despite Joe Biden's climate policies

Record production. Booming exports. Rapid jobs growth. Soaring CEO pay and shareholder returns.

Pasta makers cheer Turkey as its durum wheat flows abroad

Turkey's spectacular breakthrough as an exporter of durum wheat has spared pasta fans another year of price pain and the country is poised to remain a crucial source of the ingredient prized in Mediterranean cuisine.

Top European air safety regulator warns over budget squeeze

The outgoing head of Europe's aviation regulator has issued a warning over resources and called for a bigger role as it grapples with "systemic risks" in the aviation ecosystem.

US cryptocurrency ETF inflows pick up as bitcoin price recovers

Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency's price bounced back from its dip last week.

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