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By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks hit an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, but also signalled that further moves could take a while. ECB policymakers duly delivered their widely-flagged quarter-point cut to 3.75%, but markets were left feeling a little deflated after the bank also said it now did not … Read more…

(Reuters) -The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney’s ESPN, and Amazon.com that would generate about $76 billion in media revenue over 11 years, the Wall Street Journal reported on Wednesday. Rights to the widely watched professional basketball league are a prized possession for media companies. Sports content continues to attract a reliable and loyal audience at a time when traditional TV businesses are losing millions of subscribers … Read more…

By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to space on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX. The CST-100 Starliner, with astronauts Barry “Butch” Wilmore and Sunita “Suni” Williams aboard, lifted off from the Cape Canaveral Space Force Station, strapped to an Atlas … Read more…

(Reuters) – A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed OpenAI and Alphabet’s Google DeepMind on Tuesday raised concerns about risks posed by the emerging technology. An open letter by a group of 11 current and former employees of OpenAI and one current and another former employee with Google DeepMind said the financial motives of AI companies hinder effective oversight. “We do not believe bespoke structures of corporate governance … Read more…

By David Randall NEW YORK (Reuters) – Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The company’s shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla’s first-quarter results missed analyst expectations, … Read more…