BEIJING (Reuters) – Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large AI models, Baidu CEO Robin Li said on Tuesday. “The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have …
Baidu CEO says more AI spend still needed despite DeepSeek’s success Read More »
By Nate Raymond and Tim Reid BOSTON/WASHINGTON (Reuters) -A U.S. judge kept his block on President Donald Trump’s buyout plan for federal employees in place on Monday while he considers whether to impose it for a longer period of time. The decision by U.S. District Judge George O’Toole in Boston prevents Trump’s administration from implementing the …
US judge keeps block on Trump federal buyout plan in place for now Read More »
PARIS (Reuters) – Canadian Prime Minister Justin Trudeau said on Tuesday that Canada would seek to highlight the negative impact of the United States’ steel and aluminium tariffs and that – if needed – the response from Canada would be firm and clear. “Canadians will stand up strongly and firmly if we need to,” Trudeau …
BEIJING (Reuters) -China’s car sales fell 12% in January from a year earlier, the first decline since September and the biggest drop in almost a year, as automakers braced for intense competition in the world’s largest auto market. Passenger vehicle sales tend to post big swings in the first two months, due to shifting timings …
Chinese car sales post biggest drop in almost a year in January Read More »
DUBAI (Reuters) – Dubai-owned ports and logistics company DP World’s CEO Sultan Ahmed bin Sulayem said on Tuesday U.S. President Donald Trump expects other markets to be open if the United States is. Trump is looking for fair trade, not free trade, he said during the World Government Summit in Dubai. The U.S. leader substantially …
DP World CEO: Trump expects other markets to be open if US is Read More »
(Reuters) – Canada’s Toronto-Dominion Bank said on Tuesday it would sell 165.4 million shares in Charles Schwab for $79.25 per share. (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Eileen Soreng)
By Christine Chen (Reuters) -Australian biopharmaceutical company CSL said on Tuesday that falling immunisation rates in the U.S., its largest market, weighed on its vaccine sales and first-half profit growth, sending its shares lower. CSL, the world’s second-largest maker of flu vaccines, also warned that the trend of lower immunisation posed a public health risk …
Falling US flu vaccine rates hurt Australia’s CSL profit growth Read More »
TOKYO (Reuters) -U.S. private equity firm Bain Capital said it may withdraw its tender offer proposal for Japanese IT firm Fuji Soft, after rival suitor KKR raised its offer above Bain’s in a protracted bidding war. Bain Capital “is carefully considering its future policy, including the option of withdrawing” the proposal, it said in a …
Bain Capital says it may withdraw tender offer proposal for Fuji Soft Read More »
By Renju Jose SYDNEY (Reuters) -U.S. President Donald Trump agreed to consider exempting Australia from his steel and aluminium tariffs in view of the country’s trade surplus with the United States, following a phone call with Prime Minister Anthony Albanese. Trump substantially raised tariffs on steel and aluminium imports on Monday, cancelling exemptions and duty-free …
Trump to consider exemption for Australia on steel, aluminium tariffs Read More »
BEIJING (Reuters) – Tesla’s battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said. (Reporting by Liz Lee and Beijing newsroom; Editing by Himani Sarkar)
