Category: Reuters
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Elon Musk plans xAI supercomputer, The Information reports By Reuters
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(Reuters) – U.S. entrepreneur Elon Musk recently told investors that his artificial intelligence startup xAI plans to build a supercomputer to run the next version of its chatbot Grok, The Information newspaper reported on Saturday, citing an investor presentation. Musk said he wants the proposed supercomputer up and running by…
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BlackRock pushed Anglo to extend talks with BHP, FT reports By Reuters
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(Reuters) – Anglo American has come under pressure from major shareholders including BlackRock (NYSE:) to extend talks with BHP Group (NYSE:) over a proposed £38.6 billion (49.18 billion) mining merger, the Financial Times reported on Saturday. Billion dollar). BHP, the world’s largest listed mining group, has until May 29 to…
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Italian banks must quit Russia, ECB’s Panetta says By Reuters
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Written by Giuseppe Fonte and Valentina Za STRESA, Italy (Reuters) – Italian banks should halt their activities in Russia because staying in the country also brings a “reputation problem,” European Central Bank policymaker Fabio Panetta said on Saturday. After Austria’s Raiffeisen Bank International, UniCredit is the European bank with the…
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Italian banks must quit Russia, ECB’s Panetta says By Reuters
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Written by Giuseppe Fonte and Valentina Za STRESA, Italy (Reuters) – Italian banks should halt their activities in Russia because staying in the country also brings a “reputation problem,” European Central Bank policymaker Fabio Panetta said on Saturday. After Austria’s Raiffeisen Bank International, UniCredit is the European bank with the…
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US screens record 2.95 million airline passengers in single day By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Security Administration said it screened 2.95 million air passengers on Friday, the highest number ever in a single day. Record travel coincides with Memorial Day weekend which marks the start of the summer travel season in the United States. Last…
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US screens record 2.95 million airline passengers in single day By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Security Administration said it screened 2.95 million air passengers on Friday, the highest number ever in a single day. Record travel coincides with Memorial Day weekend which marks the start of the summer travel season in the United States. Last…
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Brazil’s Petrobras approves Chambriard as new CEO By Reuters
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SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian state oil company Petrobras said its board of directors on Friday approved the nomination of Magda Chamberillard as the company’s new chief executive following the surprise announcement last week. Chamberyard, a four-decade industry veteran, has already taken up her new position, Petrobras said…
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US, Kenya look to strengthen business, trade ties By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The United States and Kenya announced on Friday that they will hold a new round of trade talks next month, as the two countries eye new trade agreements and look to strengthen economic ties. Kenyan President William Ruto arrived in Washington for a…
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Exclusive-KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say By Reuters
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Written by Fu Yunqi and Elvira Pollina BRUSSELS/MILAN (Reuters) – U.S. investment firm KKR is expected to receive unconditional European Union antitrust approval for the purchase. Telecom Italia (BIT:) Fixed Line Network (TIM) after agreeing to maintain commercial agreements with TIM’s rivals, people with direct knowledge of the matter said.…
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Amid chants and K-pop, Samsung union stages rare rally for fair wages By Reuters
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In Jo Min Park SEOUL (Reuters) – Against a backdrop of K-pop and dance music performances, more than 2,000 unionized workers from Samsung Electronics gathered in Seoul on Friday, holding a rare march to demand the South Korean tech giant pay fair wages. Over the past two years, the National…
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Singapore Air tweaks seatbelt sign policy, alters route after turbulence incident By Reuters
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SEOUL (Reuters) – Singapore Airlines (OTC:) has revised its seat belt policies on board and rerouted at least one flight after a turbulence incident this week left one person dead and dozens hospitalized, according to the airline and flight data. The airline said in a statement to Singaporean broadcaster News…
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Charter brings Paramount+ to Spectrum TV customers in new carriage deal By Reuters
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(Reuters) – Paramount Global has signed a new multi-year content distribution agreement with Paramount Global. Charter Communications (NASDAQ:) for its entire portfolio of linear cable networks, the companies said Thursday. The two companies did not disclose financial terms of the deal, in which ad-supported versions of Paramount’s direct-to-consumer services, Paramount+…
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Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after its best day this month against its major counterparts after minutes of the Federal Reserve’s latest meeting revealed some officials were prepared to raise interest rates. The New Zealand dollar continued to rise…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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electric vehicle tariffs are a trap By Reuters
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Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…
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Boeing Starliner’s helium leak adds another delay to debut crew flight By Reuters
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(Reuters) – NASA said in a statement that it has again postponed Boeing Co’s (NYSE:) first crewed flight of its Starliner capsule on Tuesday so that engineers can spend more time assessing a helium leak in the spacecraft’s propulsion system. The launch, which was scheduled for May 25, has now…
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Japan’s exports pick up on weak yen but business mood stalls By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports rose for a fifth straight month in April, supported by a weak yen, but shipment volumes struggled as growth was affected by weak demand, government data showed on Wednesday. The trade data clouds policymakers’ hopes that exports will offset weak domestic consumption.…
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Singapore Airlines flight hits severe turbulence, one passenger dead, dozens injured By Reuters
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Written by Chayut Situboonsarng and Pano Wongcha Om BANGKOK (Reuters) – One passenger died of a suspected heart attack and 30 others were injured after a Singapore Airlines plane ran into severe turbulence on Tuesday, flinging passengers and crew around the cabin and forcing the plane to land in Bangkok.…