By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday left its cash rate steady as expected at 3.60%, saying it was cautious about easing further given higher inflation, firmer consumer demand and a revival in the housing market. Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) said …
Australia’s central bank holds rates steady, might be done easing Read More »
(Reuters) -Verizon announced a deal with Amazon Web Services on Monday to build high-capacity fiber routes connecting AWS data centers, aiming to strengthen infrastructure for the next generation of artificial intelligence applications. The partnership underscores how cloud and telecom giants are racing to meet surging data and network demands from generative AI, which requires fast, …
Verizon, AWS expand tie up with new fiber network to power AI applications Read More »
By Heejin Kim and Hyunjoo Jin SEOUL (Reuters) – South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla, in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion). Samsung SDI shares soared more than 8% on the news. A …
Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar Read More »
By David Shepardson WASHINGTON (Reuters) -The Trump administration asked a U.S. appeals court on Monday to reject Delta Air Lines and Aeromexico’s bid to halt an order forcing them to unwind a venture that lets the carriers coordinate scheduling, pricing and capacity for U.S.–Mexico flights. The airlines are seeking to have waived a January 1 …
US asks court to reject Delta, Aeromexico bid to delay end of joint venture Read More »
(Reuters) -The U.S. Federal Energy Regulatory Commission (FERC) on Monday rejected a Colonial Pipeline proposal to change the way it delivers gasoline from the Gulf Coast to consumers in the Northeast, noting the company failed to show the proposal was just and reasonable. Colonial in March filed a tariff update seeking regulatory approval to end …
US regulator rejects Colonial Pipeline’s plan to change Northeast gasoline delivery Read More »
By Raphael Satter WASHINGTON (Reuters) -Prosecutors said three American cybersecurity professionals secretly ran a ransomware operation aimed at shaking down companies across the United States. The three people, only two of whom – Ryan Goldberg and Kevin Martin – were identified by name, collaborated with the notorious hacking gang ALPHV BlackCat to encrypt companies’ networks …
US prosecutors say cybersecurity pros ran cybercrime operation Read More »
BEIJING (Reuters) -China’s factory activity in October expanded at a slower pace as new orders and output both waned amid tariff anxiety, a private-sector survey showed on Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 50.6 in October from 51.2 in September, missing analysts’ expectations of 50.9 …
China’s October factory activity expansion slows, private PMI shows Read More »
By Blake Brittain (Reuters) -Samsung Electronics owes patent owner Pictiva Displays $191.4 million in damages for infringing two U.S. patents covering organic light-emitting diode technology, a jury in Texas federal court said on Monday. Pictiva convinced the jury that a wide range of Samsung devices violate Pictiva’s patent rights in technology for enhancing the resolution, brightness …
Samsung hit with $191.4 million US jury verdict in OLED patent trial, plans appeal Read More »
(Reuters) -Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range of $27 to …
Electric aircraft maker Beta Technologies raises over $1 billion in US IPO Read More »
(Reuters) -A travel association has urged the U.S. Congress in a letter on Monday to reopen the federal government ahead of the Thanksgiving travel rush, as the shutdown stretches into its 34th day. The prolonged shutdown has led to a spike in airline delays, affecting airports and 3.2 million passengers due to a high number …
US travel group warns Congress of Thanksgiving chaos amid government shutdown Read More »
