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Alibaba group to invest $1.41bn in AI system
Alibaba Group is set to invest $1. 41bn (10bn yuan) in an artificial intelligence and Internet of Things system centered around its Tmall Genie smart speaker, the company announced on Wednesday.
Trust in tourism sector plummets - Which?
Trust in the travel industry has plunged to an all-time low as would be travellers experience delays in refunds for coronavirus cancellations, in breach of the law.
Thursday preview: UK PMIs, Homeserve in the spotlight
The focus on Thursday will remain firmly on the UK where two closely-followed surveys are expected to show a substantial slowdown in the pace of economic contraction, although both should remain well in recession territory.
US close: Stocks close higher as markets shrug off Trump's twitter fingers
US stocks closed higher on Wednesday, with major indices clawing back most of the losses recorded in the previous session despite some heightened rhetoric from the President aimed at China.
Europe close: Stocks shake off doubts around Covid-19 vaccine
Stocks across Europe recovered on Wednesday as optimism over the gradual easing of lockdowns across many countries helped to offset doubts raised during the previous session around one of the most promising vaccine candidates against Covid-19.
London close: Stocks gain as lockdowns are eased globally
London stocks finished on Wednesday, with optimism regarding the lifting of lockdowns on many overseas economies helping to offset a dip in optimism over potential coronavirus vaccines.
Director dealings: Scapa executives make share purchases
Scapa Group revealed on Wednesday that chief executive Heejae Chae, along with several other board members, had upped their stakes in AIM-listed industrial materials firm following a placing of new ordinary shares.
Broker tips: Boohoo, RDI REIT, Compass Group
Liberum lifted its price target on shares of Boohoo to 430p from 330p on Wednesday.
BoE Governor Bailey not ruling out negative rates
Bank of England Governor Andrew Bailey has said the central bank is not ruling out negative interest rates as a response to the Covid-19 economic crisis.
Inovio says Covid vaccine produces antibodies in animals
Shares of Inovio Pharmaceuticals surged on Wednesday as it said a preclinical study of its experimental Covid-19 vaccine - IN0-4800 - produced antibodies in animals.
FTSE 100 movers: Experian shines on results; housebuilders fall
London’s FTSE 100 was up 0. 8% at 6,050. 47 in afternoon trade on Wednesday.
JP Morgan stays at 'underweight' on Compass due to changing industry landscape
Analysts at JP Morgan reiterated their 'underweight' recommendation for shares of Compass Group and slashed their target price, citing the speed and magnitude of the changes expected in the sector.
FTSE 250 movers: Ninety One rallies after results; M&S pushes higher
London’s FTSE 250 was up 0. 3% at 16,363. 15 in afternoon trade on Wednesday.
US open: Dow records solid gains at the bell, reverses Tuesday's selloff
US stocks opened higher on Wednesday, with major indices clawing back some most of the losses recorded in the previous session.
Crispin Odey says governments could ban private gold ownership
Crispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.
FRC Chair Dingemans quits after less than eight months
The chairman of the UK's accounting regulator has quit after less than eight months in the job because of conflicts with his work in the private sector.
Google considers cutting production of AI tools for fossil fuel firms
Google pledged to stop making customized AI tools for oil and gas firms in a pledge to help in the fight against climate change.
China takes stake in Norwegian Air after restructure deal
The Chinese government emerged as a shareholder in troubled budget carrier Norwegian Air following a debt restructuring and credit guarantee deal agreed on Wednesday.
Marks & Spencer profits slump as Covid crisis hits clothing sales
UK retailer Marks & Spencer said annual year profits fell by a fifth as it felt the early impact of the Covid-19 pandemic, adding that it would speed up restructuring plans.
Frontier Developments sees increased demand for titles amid lockdowns
Videogames maker Frontier Developments has seen increased demand for its titles over recent months as a result of Covid-19 lockdowns across the world.