Reuters UK Business

By Krystal Hu SandboxAQ, a startup drawing on quantum computing techniques to develop quantitative artificial intelligence models for enterprises, said it has raised $150 million from new investors including Google, Nvidia and BNP Paribas. The investment has increased SandboxAQ’s Series E round to $450 million, valuing the startup at $5.75 billion. With this, SandboxAQ’s total …

AI startup SandboxAQ adds Nvidia, Google as backers, raises additional $150 million Read More »

BRUSSELS (Reuters) – Striking a trade deal with Latin America’s Mercosur bloc would be a “massive opportunity” for the European Union given uncertainties triggered by U.S. President Donald Trump’s decision to introduce a new round of tariffs, an EU spokesperson said on Friday. “We will be investing a lot of time and energy with member …

EU says a trade deal with Mercosur is a “massive opportunity” given U.S. tariffs Read More »

By Stefano Rebaudo (Reuters) – Sterling fell against the dollar and the yen, while hitting a seven-month low versus the euro on Friday as China’s additional tariffs against the U.S. deepened a selloff in risky assets. Global stocks have tumbled for a second day after U.S. President Donald Trump’s sweeping tariff plans, with the selloff …

Sterling drops sharply as selloff in risky assets deepens Read More »

BRUSSELS (Reuters) – The sweeping new U.S. tariffs announced by President Donald Trump do not violate NATO treaties, the military alliance’s Secretary-General Mark Rutte said on Friday after meeting NATO foreign ministers in Brussels. Rutte was responding to a reporter’s question that referred to article 2 in the NATO treaty which states: “(NATO allies) will …

U.S. tariffs don’t violate NATO treaty, says NATO’s Rutte Read More »

MADRID (Reuters) – Zara owner Inditex believes it will have opportunities to grow in the United States where it plans to open more stores, despite trade tariffs annouced by President Donald Trump, Chief Executive Officer Oscar Garcia Maceiras said on Friday. Garcia Maceiras said the company has not seen any drastic consumption changes in any …

Inditex still sees opportunities in U.S. with more stores Read More »

BERLIN (Reuters) – Measures to help German companies weather the impact of new U.S. tariffs will fall to the incoming government, a spokesperson for the economy ministry said on Friday. Decisions on aid are “reserved for a new government,” the spokesperson said, adding that outgoing Economy Minister Robert Habeck was meeting with companies and industry …

Aid to soften US tariffs blow will fall to next German government, Berlin says Read More »

LONDON (Reuters) – The pan-European STOXX 600 share index fell 3.1% on Friday, leaving it more than 10% below its record closing high from March 3 and on course to confirm the benchmark is in a correction. The decline on Friday extended on the previous day’s 2.6% drop after U.S. President Donald Trump unveiled sweeping …

STOXX 600 down 10% from record close, on course to confirm correction Read More »