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(Reuters) – Avride has partnered with Hyundai Motor Co to expand its fleet of robotaxis, and signed a deal with the South Korean automaker to jointly develop and operate self-driving vehicles, the companies said on Wednesday. The Texas-based startup will expand its fleet to 100 Hyundai IONIQ 5 cars this year and further in 2026, …

Self-driving technology startup Avride partners with Hyundai to expand robotaxi fleet Read More »

By Helen Reid and Linda Pasquini HERZOGENAURACH, Germany (Reuters) -Adidas sold its last pair of Yeezy sneakers at the end of 2024, the sportswear brand said on Wednesday, ending the process of liquidating stock of the lucrative shoe partnership with rapper Ye after splitting from him in October 2022. Adidas has been trying to put …

Ye be gone: Adidas sells last pair of Yeezy sneakers Read More »

By Anna Peverieri and Tim Hepher (Reuters) -French planemaker Dassault Aviation reported a rise in its full-year sales on Wednesday as tensions between major nations fuel defence spending. The company is riding an industry-wide boom in demand stemming particularly from Russia’s conflict in Ukraine and the U.S. suspension of military aid to Kyiv, which is …

France’s Dassault Aviation reports strong sales growth as defence spending rises Read More »

By Gnaneshwar Rajan, Mike Scarcella and Aditya Soni (Reuters) -A U.S. judge on Tuesday denied billionaire Elon Musk’s request for a preliminary injunction to pause OpenAI’s transition to a for-profit model but agreed to a fast-track trial in the fall of this year, the latest turn in the high-stakes legal fight. Musk does not have …

Judge denies Musk’s bid to halt OpenAI’s for-profit shift, fast tracks trial Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -A potential move by the Federal Reserve to ease regulations on capital for U.S. banks that would allow them to hold more Treasury securities has unleashed a torrent of so-called swap spread wideners in the bond market. These are bets that increase demand for U.S. Treasuries that will push …

Trump deregulation push boosts appeal of swap spread wideners in bond market Read More »

By Janaki Venugopalan and Mrinmay Dey (Reuters) -Disney is planning to reduce headcount by roughly 6% of the total workforce of ABC News Group and Disney Entertainment Networks, a person familiar with the matter said on Tuesday, as the entertainment giant grapples with declining TV audience. The layoffs, which would affect less than 200 staff …

Disney to cut nearly 6% staff across two units, source says Read More »

By David Shepardson WASHINGTON (Reuters) -President Donald Trump said on Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt. “Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of …

Trump wants to kill $52.7 billion semiconductor chips subsidy law Read More »

TOKYO (Reuters) -Seven & i Holdings is likely to sell most of its non-core business holding company shares to Bain Capital for more than 700 billion yen ($4.69 billion), Bloomberg News reported on Wednesday citing people familiar with the matter. The deal is likely to be decided at the board meeting to be held on …

Seven & i likely to sell non-core business shares to Bain for $4.7 billion, Bloomberg says Read More »