WATCH: ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom

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WATCH: Apple rolled out a long-delayed overhaul of Siri, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race

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China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fueling the global AI boom, giving policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand. More here:

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Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker's troubles and the person they believed was the cause: Chief Executive Toshihiro Mibe. More here -

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Germans more pessimistic than European peers as price worries reshape spending, BCG says

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UK consumers up their spending in May after April drop

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The Canadian government is launching a new loan program to help domestic airlines deal with high fuel prices and maintain operations and jobs, the finance ministry said in a statement. More here:

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The US added Chinese e-commerce giant Alibaba, internet search provider Baidu and automaker ‌BYD to a list of companies it believes are aiding Beijing's military, in a move that could inflame tensions between the countries. More here:

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ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. More here:

Reuters Business

US stocks ended mostly higher led by gains in the Nasdaq and chipmakers as investors sought bargains after a sharp selloff

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Canadian dollar falls as speculators raise bearish bets to highest this year

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Intel shares rose as much as 12% after reports that Google ordered over three million tensor processing units for production in 2028, signaling progress under CEO Lip-Bu Tan

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Stellantis announces billion-euro investment in German brand Opel

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Nestle's private equity partner drops out of bidding for Perrier, Bloomberg News reports

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Why radical transparency about sustainability trumps greenhushing

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UK financial regulator softens proposed change to UK money market fund rules

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British finance sector demands closer ties with Europe ahead of UK-EU summit

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Energy has become the S&P 500's best performing sector this year, and John Stoltzfus of Oppenheimer Asset Management tells Reuters he expects that to continue as oil flows through the Strait of Hormuz take time to normalize, and US firms have the capacity to pump more

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China car sales fell again in May, down around 22% from a year earlier, marking the eighth straight month of decline. The downturn has hit global automakers, especially Volkswagen, which is trying to revive its China business through locally developed EVs

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Intesa CEO says bank took Generali stake to pre-empt defensive moves

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Chip rout puts Korea's 'ant' investors to the test as margin debt soars