Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Political|Technology

Mexico's Sheinbaum to prioritize public internet access, adviser says

Mexican President-elect Claudia Sheinbaum is set to prioritize public internet access after taking office, an adviser said on Wednesday.

Mexico's Sheinbaum to prioritize public internet access, adviser says
Business|Political|Technology|Travel|World

Peru's Boluarte will meet China's Xi after Congress OKs late June trip

Peru's President Dina Boluarte will travel to China this month to meet with her Chinese counterpart Xi Jinping and leaders from mining, technology and transportation firms after the

Peru's Boluarte will meet China's Xi after Congress OKs late June trip
Business|Technology

Hewlett Packard Enterprise surges as AI-server demand powers strong results

Hewlett Packard Enterprise rose more than 12% on Wednesday after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized

Hewlett Packard Enterprise surges as AI-server demand powers strong results
Business|Technology

Air taxi maker Archer Aviation receives FAA nod to start commercial services

Archer Aviation said on Wednesday the U.S.

Air taxi maker Archer Aviation receives FAA nod to start commercial services
Business|Economy|Technology

Tesla investor Ron Baron backs Musk's $56 billion pay plan

Prominent investor Ron Baron has come out in support of Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, according to an open letter from the Baron Capital

Tesla investor Ron Baron backs Musk's $56 billion pay plan
Business|Economy|Technology

Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit

Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges

Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit
Business|Technology

Lockheed Martin to buy up to 25 rocket launches from Firefly Aerospace

Lockheed Martin has entered a purchase agreement with Firefly Aerospace for up to 25 launches on its Alpha rocket by 2029, the U.S. defense contractor said on Wednesday.

Lockheed Martin to buy up to 25 rocket launches from Firefly Aerospace
Business|Technology

Alphabet names Lilly executive Anat Ashkenazi as CFO

Alphabet named Anat Ashkenazi as its chief financial officer on Wednesday, turning to a top executive from drugmaker Eli Lilly to help steer the Google

Alphabet names Lilly executive Anat Ashkenazi as CFO
Business|Technology

EV maker Nio gets regulatory nod for third factory in China, sources say

Electric vehicle maker Nio has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla's

EV maker Nio gets regulatory nod for third factory in China, sources say
Business|Economy|Technology

Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback, source says

Activist investor Elliott Management has rebuilt a stake worth more than $2 billion in Japanese technology investor SoftBank Group and is calling for a $15 billion share buyback, a person

Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback, source says
Business|Technology

Volvo Cars' May sales rise 13%, boosted by electric vehicles

Volvo Cars' sales rose to 68,034 cars in May, up 13% from a year earlier, buoyed by a 27% jump in Europe and a strong performance by its fully electric EX30, the group said on

Volvo Cars' May sales rise 13%, boosted by electric vehicles
Business|Economy|Technology

Apollo to pay $11 billion for 49% of Intel Ireland factory joint venture

Buyout firm Apollo Global Management will acquire a 49% equity interest in a joint venture related to Intel's new manufacturing facility in Ireland for $11 billion, the companies said on

Apollo to pay $11 billion for 49% of Intel Ireland factory joint venture
Business|Technology

Google's privacy chief to exit

Google's chief privacy officer, Keith Enright, will leave the company this fall, after 13 years at the tech giant, a spokesperson for the Alphabet-owned company said on Tuesday.

Google's privacy chief to exit
Business|Technology

Hewlett Packard Enterprise sees third-quarter revenue above estimates on robust AI demand

Hewlett Packard Enterprise forecast third-quarter revenue above Wall Street expectations on Tuesday, helped by upbeat demand for its artificial intelligence servers, sending its shares up

Hewlett Packard Enterprise sees third-quarter revenue above estimates on robust AI demand
Business|Technology

Tesla likely to spend $3 billion-$4 billion on Nvidia hardware this year

Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia's hardware this year, CEO Elon Musk said in a post on X on Tuesday.

Tesla likely to spend $3 billion-$4 billion on Nvidia hardware this year
Business|Technology

Cisco launches $1 billion AI fund and makes first investments

Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms.

Cisco launches $1 billion AI fund and makes first investments
Business|Technology

Stellantis sees Italian plants running at full capacity in 2030

Stellantis sees its Italian plants running at full capacity in 2030 as plans for new models, including hybrid ones, are expected to support production, Chief Executive Carlos Tavares

Stellantis sees Italian plants running at full capacity in 2030
Business|Technology

GameStop mania unfolded: Key milestones in meme stock frenzy

GameStop is back in the limelight after a hiatus of three years with the return of social media influencer "Roaring Kitty" Keith Gill, a key figure in the Reddit-driven "meme stock" rally

GameStop mania unfolded: Key milestones in meme stock frenzy
Business|Environment|Technology

First Solar, Qcells to be US government's preferred green-label panel vendors

Two of the world's biggest solar panel makers, First Solar and Hanwha Qcells, are the first to register products under an environmental ratings system that will make them preferred in U.S.

First Solar, Qcells to be US government's preferred green-label panel vendors
Business|Technology

Tesla to stop production at German plant for five days in June

Electic vehicle maker Tesla will stop production at its German plant in Gruenheide for five days in June to improve processes in the factory outside Berlin, a spokesperson said on

Tesla to stop production at German plant for five days in June
Business|Technology

Tesla's China-made EV sales extend decline in May amid output cut

Sales of Tesla's China-made electric vehicles dropped 6.6% from a year earlier to 72,573 units in May, extending a year-on-year decline for a second month, data from the China

Tesla's China-made EV sales extend decline in May amid output cut
Business|Technology

Airbus in talks to sell over 100 widebody jets to Chinese airlines, Bloomberg reports

Airbus SE is negotiating a major sale of A330neo aircraft to China, with some of the largest Chinese airlines considering buying more than 100 of the upgraded A330 models, Bloomberg News

Airbus in talks to sell over 100 widebody jets to Chinese airlines, Bloomberg reports
Business|Technology

China gives first approvals for public trials of advanced autonomous driving

China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to

China gives first approvals for public trials of advanced autonomous driving
Business|Economy|Technology

UBS lifts MSCI AC World index's end-2024 forecast to 830

UBS raised its year-end 2024 forecast for the MSCI All Country (AC) World index to 830 from 800 on Tuesday, citing improving equity risk appetite, optimism around artificial intelligence

UBS lifts MSCI AC World index's end-2024 forecast to 830
Business|Technology

Google cuts at least 100 jobs across its cloud unit, CNBC reports

Alphabet-owned Google is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday.

Google cuts at least 100 jobs across its cloud unit, CNBC reports

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