Category: Reuters
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French women rally to support Gisele Pelicot, woman at the centre of a mass rape trial By Reuters
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PARIS (Reuters) – Hundreds of people, mostly women, rallied in cities across France on Saturday in support of Gisèle Bellecote, whose husband is on trial for drugging her and recruiting dozens of strangers to rape her in a case that has shocked the country. Feminist groups called for some 30…
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OpenAI’s $150B valuation requires it to change its corporate structure: Reuters
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OpenAI’s latest funding round is expected to come in the form of convertible bonds, with its $150 billion valuation dependent on whether the startup can change its corporate structure and remove a cap on profitability for investors, Reuters reported on Saturday, citing two sources with direct knowledge. From the topic.…
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Factbox-What are India’s antitrust findings against Amazon, Flipkart By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – India’s antitrust investigation has found that Amazon.com Inc and Walmart Inc’s Flipkart violated local competition laws by giving preference to some sellers, prioritizing some listings and cutting product prices sharply to the detriment of other companies. Here are the key findings of…
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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says By Reuters
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DUBLIN (Reuters) – A prolonged strike by Boeing workers could cut the number of planes Ryanair receives by next summer to 20 from an expected 25, Chief Executive Michael O’Reilly said on Saturday. O’Reilly said his Irish low-cost airline, one of Boeing’s biggest customers, was supposed to take delivery of…
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Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone makers colluded with Amazon.com Inc and Walmart Inc’s Flipkart to launch products exclusively on the e-commerce companies’ Indian websites in violation of antitrust laws, according to regulatory filings seen by Reuters. Reuters reported this week that antitrust…
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Wall Street advances as traders’ bets rise for bigger Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Friday as investors focused on the chance of further interest rate cuts by the Federal Reserve next week, with interest-rate-sensitive small-cap stocks outperforming. Bets on the size of the Fed rate cut were mixed, and…
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Taiwan hopes delayed F-16s start arriving by end of this year By Reuters
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By Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it aims to deliver its first new F-16 fighter jets by the end of this year, blaming “severe fluctuations” in the international situation for delaying the island’s delivery. In 2019, the United States approved $8 billion in arms…
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Taiwan hopes delayed F-16s start arriving by end of this year By Reuters
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By Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it aims to deliver its first new F-16 fighter jets by the end of this year, blaming “severe fluctuations” in the international situation for delaying the island’s delivery. In 2019, the United States approved $8 billion in arms…
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Exclusive-OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say By Reuters
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Written by Crystal Ho and Kenrick Kay OpenAI’s new funding round is expected to come in the form of convertible notes, according to people familiar with the matter, who said its $150 billion valuation will depend on whether the ChatGPT maker is able to flip its corporate structure and remove…
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DirecTV, Dish in talks again to merge satellite-TV businesses, Bloomberg reports By Reuters
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(Reuters) – AT&T Inc and its joint venture partner TPG are in talks to merge DirecTV with Dish, Bloomberg News reported on Friday, citing people familiar with the matter. Discussions between DirecTV and Dish parent EchoStar Corp. are still in the early stages, people familiar with the matter told Bloomberg…
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ADM violates US water laws, permit after leak at carbon capture project By Reuters
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By Valerie Volkovici and Leah Douglas WASHINGTON (Reuters) – Archer Daniels Midland Agricultural Co. confirmed on Friday that the U.S. Environmental Protection Agency found the company violated federal safe drinking water rules and an underground injection permit by causing a leak at the first major U.S. underground carbon sequestration facility…
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Trump says he is not selling his shares of media company By Reuters
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By Alexandra Ulmer RANCHO PALOS VERDES, Calif. (Reuters) – Republican presidential candidate Donald Trump told reporters on Friday he will not sell any of his majority stake in the company that owns Truth Social and will not leave the social media platform he created. Shares of Trump’s media and technology…
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White House officials signal delay in U.S. Steel takeover decision, Washington Post reports By Reuters
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(Reuters) – White House officials have signaled a delay in making a decision on Japan’s Nippon Steel Corp.’s acquisition of U.S. Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel declined to comment. The White House did not immediately…
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WHO clears Bavarian Nordic’s vaccine as first mpox shot By Reuters
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By Jennifer Rigby and Manas Mishra The World Health Organization said on Friday it had approved Bavarian Nordic’s Mbox vaccine, the first of its kind approved by the agency to contain the spread of the disease in hard-hit African countries. The approval, known as prequalification, comes as a new variant…
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Italian divers recover video equipment from Mike Lynch’s sunken yacht By Reuters
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Written by Vladimir Pantaleoni PALERMO (Reuters) – Italian navy divers have recovered video surveillance equipment from the luxury yacht that sank off Sicily last month, killing British technology mogul Mike Lynch and six others, a source close to the matter said on Friday. The recovery of the equipment could help…
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Boeing US factory workers on strike after 96% vote for walkout By Reuters
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By Joe Brock and David Shepherdson SEATTLE (Reuters) – Workers at a Boeing Co. plant on the U.S. West Coast went on strike early on Friday after 96 percent of them voted to walk out, halting production of the company’s best-selling jetliner as it grapples with chronic production delays and…
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Japan’s Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas By Reuters
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TOKYO (Reuters) – Japan’s Mitsubishi Trading Co said on Friday it had reached a preliminary agreement to buy a stake in Exxon Mobil Corp’s hydrogen facility in Texas and source low-carbon ammonia from it. As part of its decarbonization drive, Japan aims to increase the use of hydrogen and its…
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Strong case for 50 bp Fed cut, says former NY Fed chief Dudley By Reuters
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SINGAPORE (Reuters) – There is a strong case for a 50 basis point cut in U.S. interest rates, former New York Federal Reserve President Bill Dudley said. “I think there is a strong case for the 50, whether they do it or not,” he said at the Bretton Woods Committee’s…
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US House passes bill targeting China that would limit EV tax credits By Reuters
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By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives narrowly approved legislation on Thursday to tighten rules limiting Chinese content in vehicles eligible for U.S. electric vehicle tax credits. The House voted 217-192 to approve the bill, which has not been taken up in the Senate, to tighten…
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Francine knocks out power to over 250,000 Louisiana customers By Reuters
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(Reuters) – More than 250,000 homes and businesses in Louisiana were without power on Thursday after Hurricane Francine hit the state’s Gulf Coast, according to data from the website PowerOutage.us. Hurricane Francine weakened to a post-tropical cyclone earlier today, but not before battering southeastern Louisiana, southern Mississippi and Alabama with…