The Globe and Mail reports in its Thursday edition that Thomson Reuters has posted higher second-quarter revenue and is sticking to its key financial targets for the year despite a slowing economy that has started to put modest pressure on the pace of sales to corporate clients. The Globe's James Bradshaw writes that revenue at the news and information provider was up 2 per cent year-over-year, to $1.65-billion, for the quarter ended July 31 -- roughly in line with analysts' estimates (all figures U.S.). After adjusting for the sale of a majority stake in software company Elite to private equity buyer TPG Inc., revenue was up 5 per cent. The second quarter was busy for Thomson Reuters, as it pushed forward its adoption of generative artificial intelligence tools, striking a partnership with Microsoft and acquiring Casetext, a legal start-up that built an AI-powered assistant for lawyers, for $650-million. Thomson Reuters also sold part of its stake in the London Stock Exchange and returned about $2-billion in proceeds to shareholders. A tougher economic environment brought about by interest-rate increases to combat inflation has not dented sales and renewals in the company's largest business lines.