Wednesday 11 May 2022

Reuters Business: Brand Watch: Under the spotlight as never before, companies turn to AI to get their numbers right

Brand Watch: Under the spotlight as never before, companies turn to AI to get their numbers right

The notion that modern technologies can help resolve some of the largest sustainability challenges has a long track record, not least among tech-minded brands. Many solutions just require a tweak of existing applications, like Google's decision to add methane analysers to cars that were already collecting data for its Street View service, for example. Others are more targeted. Think, the super-successful Global Forest Watch app, a free deforestation tracking service.

Indonesia seeks to balance international, local palm oil demand -official

Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday, amid the country's ongoing ban on exports of the vegetable oil.

Futures rise ahead of key inflation data

U.S. stock index futures rose on Wednesday ahead of monthly inflation data, which is likely to offer investors clues on how aggressively the Federal Reserve could raise interest rates.

Wendy's misses U.S. same-store sales estimates on stiff competition

Wendy's Co missed Wall Street estimates for quarterly U.S. same-store sales growth on Wednesday, as the hamburger chain grappled with increased competition amid supply and labor constraints that have hit the restaurant industry.

Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO

Around 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion in February, as the conflict shut down businesses, strangled exports and drove millions to flee, the International Labour Organisation (ILO) said on Wednesday.

Average U.S. mortgage interest rate rises to 5.53%, applications up

The average interest rate on the most popular U.S. home loan rose to its highest level since 2009 last week and demand for mortgages jumped for a second straight week despite the rising costs, Mortgage Bankers Association data showed on Wednesday.

FinMin Lindner says Germany seeking way out of 'crisis mode'

Finance Minister Christian Lindner expressed on Wednesday Germany's interest in helping Ukraine financially, together with its G7 partners, but stressed that Berlin needed to rein in spending once again by next year.

Russian rouble surges past 68 vs dollar, stocks mixed

The Russian rouble pared early losses and surged past 68 against the U.S. dollar on Wednesday, boosted by capital controls, while stocks were mixed after a long weekend.

Five9 expands in Europe with two data centres, relocates Russian staff

Five9 , the U.S. call centre software firm whose shareholders spurned a merger with Zoom last year, is looking to expand in Europe by setting up two data centres and relocating its employees in Russia to Portugal.

Volkswagen plans electric pick-up, SUV in U.S. - sources

Volkswagen plans to expand its electric offering in the United States with a fully electric pick-up and sports utility vehicle under the Scout brand, two people with knowledge of the matter said on Wednesday.

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